CIS Revenues Fall

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.