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CMOS image sensors (from 13)

combining a slowdown in mainstream
mid-range smartphone shipments and
an unanticipated pause in the increase of
embedded cameras being designed in new
handsets.

Sony reports decline
CMOS image sensor market leader Sony —
which accounted for about 43% of CMOS
image sensor sales worldwide in 2021 —
reported a 12.4% sequential decline in im-
age sensor dollar-volume revenues (-2%
in Japanese yen) during the company’s
fiscal 1Q23 quarter, ended in June 2022.

Sony still believes excess inventories of
phones and image sensors will be reduced
by early 2023 and market conditions will
“normalize” in the second half of its cur-
rent fiscal year (ending next March).

Nearly two-thirds of CMOS image sensors
are used in cellphones, and that share is
expected to fall to about 45% by 2026, ac-
cording to The McClean Report’s 3Q Up-
date.

Slow, but steady recovery
A slow–but-steady recovery in CMOS im-
age sensors is forecast to be driven by a
new upgrade buying cycle of smartphones
and more embedded cameras being added
in other systems, especially for automotive
automation capabilities, medical applica-
tions, and intelligent security networks.

The 3Q Update shows CMOS image sensor
sales rising by a CAGR of 6.0% between
2021 and 2026 to reach $26.9 billion in
the final year of the forecast. CMOS im-
age sensor shipments are forecast to grow
by a CAGR of 6.9% between 2021 and
2026, reaching 9.6 million units.
icinsights.com