Title : IC Insights: CMOS Sensor Sales to Grow 2x from 2020 to 2025
link : IC Insights: CMOS Sensor Sales to Grow 2x from 2020 to 2025
IC Insights: CMOS Sensor Sales to Grow 2x from 2020 to 2025
IC Insights: The high-flying market for CMOS image sensors hit a speed bump in 2020 with the global outbreak of the Covid-19 virus crisis significantly cutting sales growth in this large optoelectronics product category to 3% last year compared to an annual average of nearly 16% since 2010.
When the Covid-19 virus pandemic accelerated in the first half of 2020, businesses, schools, travel, and most public activities were shut down worldwide, causing a nosedive in CMOS image sensor applications—including smartphones, automobiles, and a wide range of embedded cameras, which are increasingly used in commercial and industrial systems. It ended up that 2020 was Sony’s worst year for image sensor growth since it began emphasizing CMOS technology over CCDs in 2006.
With the global economy expected to regain momentum in 2021 and more digital cameras being designed into systems—including new 5G smartphones and machine-vision applications, sales of CMOS image sensors are projected to increase by a compound annual growth rate (CAGR) of 12.0%, reaching $33.6 billion in 2025. Total shipments of CMOS image sensors are forecast to grow by a CAGR of 14.9% to 13.5 billion units in 2025 compared to 6.7 billion in 2020.
The automotive systems are said to be the fastest growing application for CMOS image sensors in the next five years, with sales rising by CAGR of 33.8% to reach $5.1 billion in 2025. After that, the highest sales growth rates in the five-year forecast are: medical and scientific systems (a CAGR of 26.4% to $1.8 billion); security (a CAGR of 23.2% to $3.2 billion); and industrial, including robots and the Internet of Things (a CAGR of 21.8% to $3.5 billion). CMOS image sensor sales for cellphones—the largest end-use application—are forecast to grow by a CAGR of 6.3% to $15.7 billion in 2025, or about 47% of the market total versus 61% in 2020 ($11.6 billion).
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