Due to the wide application of embedded digital image processing technology, coupled with traditional smart phones and digital cameras, CMOS image sensors will continue to maintain a rapid growth trend, and the market scale will continue to reach a new high. According to IC Insights'latest forecast, automotive electronics is the fastest growing segment of the image sensor market, with annual sales reaching US$2.2 billion in 2020. Its share in the total market of image sensors has increased from 3% to 14%, and its compound growth rate has reached 55% in five years.
More and more automobiles emphasize that automatic safety function is the biggest driving force for the growth of vehicle image market. Now a car may be equipped with more than a dozen cameras to observe passengers in the car, monitor road conditions outside the car and record the scene when an accident occurs. The rapid growth of vehicle image sensors was originally due to the gradual popularization of backing images. Nowadays, image sensors are widely used in forward anti-collision and automatic braking systems. IC Insights believes that the continuous advancement of driverless vehicle technology will accelerate the growth of vehicle image sensors.
The growth rates of safety monitoring market (annual compound growth rate 36%, annual sales of 922 million US dollars in 2020), medical/scientific research market (34% annual compound growth rate, annual sales of 867 million US dollars in 2020), toy/video game market (annual compound growth rate 32%, annual sales of 274 million US dollars in 2020) and industrial system market (annual compound growth rate 18%, annual sales of 897 million US dollars in 2020) are in automotive power. After the sub-market, it ranked 2 to 5.
Photophone application market occupies 70% of the total market share of CMOS image sensor in 2015, but the annual composite growth rate in the next five years is only 1%. It is estimated that the annual sales of CMOS image sensor will be 7.3 billion US dollars in 2020, which will reduce to 48% of the total market share of image sensor; the annual sales of PC and tablet computer application market will reach 973 million US dollars in 2020, which will increase by 6% annually. The market continued to shrink, with annual sales of 623 million US dollars in 2020 and compound annual growth rate of - 2%.
Global CMOS image sensor sales grew 12% year-on-year in 2015, reaching $9.9 billion. Since 2011, annual sales have reached a new high for five consecutive years. The compound growth rate in 2010-2015 was 17%. IC Insights expects a compound annual growth rate of 9% from 2015 to 2020, which is likely to continue to achieve an impressive annual record.