Photo courtesy of Sony Reconsidered
According to analytical company Strategic Analytics, Sony is the one who is leading the camera sensor industry by owning 46% market share. It is reported that the global market for camera sensors for smartphones reached 15 billion USD in 2020, an increase of 13% over 2019. Therefore, you can roughly estimate how much Sony is earning in just the camera sensor industry alone from the statistics.
After Sony, there are manufacturers like Samsung System LSI and OmniVision Technologies. These top three companies occupy almost 85% of the market. From a statement shared by the company, it is mentioned that "the pandemic did little to dent the camera sensor market growth as CIS vendors observed strong demand from smartphone OEMs who aggressively adopted high-resolution sensors and higher sensor count across smartphone tiers in 2020."
Besides this, the company also predicted that the global smartphone shipments will rebound +6.5% YoY to reach 1.38 billion units in 2021. It is said that the growth is driven by the improved economic situation as the COVID-19 pandemic weakens. Furthermore, a smartphone analyst at the company claimed that Xiaomi could even surpass HUAWEI and become the third-largest global smartphone vendor this year.
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