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OCTOBER 2019        TAP TIMES          -15-         IC Insights is forecasting an 11 percent
                                                                rise in CMOS image sensor shipments in
                                                                2019 to a record-high 6.1 billion units
           CMOS image sensors continue                          worldwide, followed by a 9 percent in-
        moving toward record-high sales                         crease in 2020 to 6.6 billion when the
                                                                global economy is expected to teeter into
                                                                recessionary territory, partly because of
        SCOTTSDALE, Arizona—An economic                         the tariff-driven trade war between the
        slowdown and the U.S.-China trade                       U.S. and China.
        war will not stop CMOS image sensors
        from continuing their string of record                  In 2018, CMOS image sensor revenue
        sales and shipments going back to                       grew 14 percent to $14.2 billion after
        2011, says a report by IC Insights.                     climbing 19 percent in 2017.

        Digital-imaging applications                            New levels since 2011
        Despite an expected slowdown in growth                  CMOS image sensor sales have hit new-
        this year and in 2020, the CMOS image                   high levels each year since 2011 and the
        sensor market is forecast to continue                   string of consecutive records is expected
        reaching record-high sales and unit vol-                to continue through 2023, when sales
        umes through 2023 with the spread of                    reach $21.5 billion, according to IC In-
        digital-imaging applications offsetting                 sights’ O-S-D Report.
        weakness in the global economy and the
        fallout from the U.S.-China trade war.                  Worldwide shipments of CMOS image sen-
                                                                sors also have reached eight consecutive
        CMOS image sensor sales are projected to                years of all-time high levels since 2011
        rise 9 percent in 2019 to an all-time high              and those annual records are expected to
        of $15.5 billion, followed by a 4 percent in-           continue to 2023, when the unit volume
        crease in 2020 to $16.1 billion (Figure 1),             hits 9.5 billion, based on the O-S-D Report
        according to IC Insights’ Report—A Market               forecast.  (not counting units bought by
        Analysis and Forecast for Optoelectronics,              companies in other countries for system
        Sensors/Actuators, and Discretes.                                                              Next page
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