The economic recovery from the COVID-19 pandemic, the release of new 5G smartphones, the development of machine vision systems, and the increase in the number of embedded cameras will all lead to a steady increase in sales of CMOS image sensors in the coming years. This forecast is given by experts of the analytical company IC Insights.
In 2020, the market for CMOS-type image sensors, which previously showed steady growth, has slowed noticeably. Analysts attribute this to the crisis caused by the pandemic. Sales growth last year was only 3%. For comparison, the average annual rate since 2010 was approximately 16%.
An increase of 19% is forecasted for the current year. In monetary terms, the market will grow to $ 22.8 billion. For the period up to 2025, an average annual growth of 12.0% is projected. If this prediction comes true, the CMOS-type image sensor market will reach $ 33.6 billion in 2025.
If we operate with indicators in physical terms, the volume of supplies will grow by an average of 14.9% per year – from 6.7 billion units in 2020 to 13.5 billion units in 2025.
The fastest-growing segment is called sensors for automotive systems. The average annual sales growth in this segment is projected at 33.8%, and in monetary terms by 2025 the segment will grow to $ 5.1 billion.