CMOS image sensors growing 11% CAGR
The CMOS image sensors market is expected to grow at an 11% CAGR in revenue in the 2012 – 2017 period, growing from $6.6bn in 2012 to $11bn in 2017, says Yole Développement.
Tablets & automotive applications will boost CMOS image sensor sales and drive the growth of the market, says Yole.
Mobile handsets accounted for ~ 65% of total shipments in 2011.
Three fast emerging applications of significant size should drive the growth of the market to an expected CAGR over 30%: Tablets, Automotive, and Smart TV.
Tablets are poised to boost CIS sales in the consumer market because a majority of tablets now feature one or two cameras, similarly to mobile phones.
“We expect CIS (CMOS image sensor) sales to generate nearly $1.5bn in 2017,” says Yole’s Paul Danini.
Car manufacturers have begun equipping cars with multiple cameras, pushed by upcoming regulations promoting greater safety.