The rapid uptake of CMOS image sensors in automotive applications has raised the predicted growth rate for a market already transitioning with the rise of the smartphone, according to Yole Development.

The CMOS image sensor market is expected to grow at a compound annual growth rate (CAGR) of 10.6 percent from 2014 to 2020 and reach an annual market value of US$16.2 billion in 2020, said Yole.

This implies a market value of about US$8.85 billion in 2014 and US$9.8 billion in 2015, and is a slightly higher CAGR than previously estimated by the market researcher one year ago.

The uplift is being driven by demand from mobile and automotive applications, with automotive adding a significant boost to the market as car manufacturers such as Tesla, Nissan and Ford begin deploying camera-enabled features, such as reversing cameras. The total revenue for CMOS image sensors in automotive should reach US$800 million in 2020.