Economic slowdown and U.S.-China trade war will not stop CMOS image sensors from continuing their string of record sales and shipments going back to 2011, says report.
Despite an expected slowdown in growth this year and in 2020, the CMOS image sensor market is forecast to continue reaching record-high sales and unit volumes through 2023 with the spread of digital-imaging applications offsetting weakness in the global economy and the fallout from the U.S.-China trade war. CMOS image sensor sales are projected to rise 9% in 2019 to an all-time high of $15.5 billion, followed by a 4% increase in 2020 to $16.1 billion (Figure 1), according to IC Insights’ 2019 O-S-D Report—A Market Analysis and Forecast for Optoelectronics, Sensors/Actuators, and Discretes.
Figure 1
