IC Insights Forecasts Nonstop Image Sensor Sales Records Through 2021

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IC Insights report says "CMOS image sensor sales are on pace to reach a seventh straight record high this year and nothing ahead should stop this semiconductor product category from breaking more annual records through 2021.

After rising 9% in 2017 to about $11.5 billion, worldwide CMOS image sensors sales are expected to increase by a compound annual growth rate (CAGR) of 8.7% to $15.9 billion in 2021 from the current record high of $10.5 billion set in 2016, based on the five-year forecast.

Automotive systems are forecast to be the fastest growing application for CMOS image sensors, rising by a CAGR of 48% to $2.3 billion in 2021 or 14% of the market’s total sales that year.

CMOS image sensor sales for cameras in cellphones are forecast to grow by a CAGR of just 2% to $7.6 billion in 2021, or about 47% of the market total versus 67% in 2016 ($7.0 billion). Smartphone applications are getting a lift from dual-camera systems that enable a new depth-of-field effect (known as “bokeh”).

Competition among CMOS image sensor suppliers is heating up for new three-dimensional sensing capability using time-of-flight (ToF) technology and other techniques for 3D imaging and distance measurements... CMOS technology has progressed to the point of supporting integration of ToF functions into small chip modules and potentially down to a single die. Sony, Samsung, OmniVision, ON Semiconductor, STMicroelectronics, and others have rolled out and developed 3D image sensors. Infineon has also jumped into the image sensor arena with a 3D offering that is built in ToF-optimized CMOS technology.
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