Samsung LSI EVP Park Yong-in says that the company “isn’t producing enough wafers to meet the rising demand.” Under the expansion plan, Samsung’s monthly image sensor production capacity will increase to as many as 120,000-130,000 wafers from the current 100,000 units, amounting to annual sales of 4.6 trillion won ($4.26 billion). That compares with Sony’s estimated monthly production of 137,000 wafers in 2021, according to market research firm Omdia.
TSR forecasts the average smartphone will use a 112MP sensor in 2024, up from 59MP this year. Samsung plans to focus on high-end products to increase its market share.
According to KPMG, the global image sensor market is forecast to grow at an average annual rate of 12% to $143B in 2030 from $47B this year.
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