From Counterpoint Research: https://www.counterpointresearch.com/global-cis-market-annual-revenue-falls-for-first-time-in-a-decade/
Global CIS Market Annual Revenue Falls for First Time in a Decade
- The global CIS market’s revenue fell 7% YoY in 2022 to $19 billion.
- The mobile phone segment entered a period of contraction and its CIS revenue share fell below 70%.
- Automotive CIS share rose to 9% driven by strong demand for ADAS and autonomous driving.
- The surveillance and PC and tablet segments’ shares dipped as demand weakened in the post-COVID era.
- We expect growth recovery in 2023 in the low single digits on improving smartphone markets and continued automotive growth.
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