CIS Revenues Fall

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From Counterpoint Research:

Global CIS Market Annual Revenue Falls for First Time in a Decade

  • The global CIS market’s revenue fell 7% YoY in 2022 to $19 billion.
  • The mobile phone segment entered a period of contraction and its CIS revenue share fell below 70%.
  • Automotive CIS share rose to 9% driven by strong demand for ADAS and autonomous driving.
  • The surveillance and PC and tablet segments’ shares dipped as demand weakened in the post-COVID era.
  • We expect growth recovery in 2023 in the low single digits on improving smartphone markets and continued automotive growth.

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