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Economic slowdown and U.S.-China trade war, CMOS image sensors stay on stairway to record revenues
Time: 2019-09-11  |    |  14

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, according to IC Insights. 

 

IC Insights is forecasting an 11% rise in CMOS image sensor shipments in 2019 to a record-high 6.1 billion units worldwide, followed by a 9% increase in 2020 to 6.6 billion when the global economy is expected to teeter into recessionary territory, partly because of the tariff-driven trade war between the U.S. and China. In 2018, CMOS image sensor revenue grew 14% to $14.2 billion after climbing 19% in 2017. CMOS image sensor sales have hit new-high levels each year since 2011 and the string of consecutive records is expected to continue through 2023, when sales reach $21.5 billion, according to the 350-page O-S-D Report. 

 

Worldwide shipments of CMOS image sensors also have reached eight consecutive years of all-time high levels since 2011 and those annual records are expected to continue to 2023, when the unit volume hits 9.5 billion, based on the O-S-D Report forecast. China accounted for about 39% of all image sensors purchased in 2018 (not counting units bought by companies in other countries for system production in Chinese assembly plants). About 19% of image sensors in 2018 were purchased by companies in the Americas (90% of them in the U.S.), according to IC Insights’ report.

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