Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting

 
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
From Technologies to Markets

  Status of the
Camera Module
 Industry 2019
Focus on Wafer Level Optics
             -
 2019 Report Sample

                                                       © 2019
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
REPORT OBJECTIVES

   1. To provide market data on key CCM metrics & dynamics.
       o CCM revenue forecast, volume shipments and component share.
       o Market share with detailed breakdown by player.
       o Application focus on key areas of growth for CCM: Mobile and Automotive.

   2. To provide in-depth understanding of the CCM value chain, infrastructure & players.
       o   Who are the CCM players (CIS manufacturers, CCM manufacturers, Optics manufacturers…) and how they are related?
       o   Who are the key suppliers to watch and more generally how will the Camera Module industry evolve.

   3. To provide key technical insight & analysis about future technology trends and challenges.
       o Manufacturing technologies: design structure.
       o Device technologies: CCM application across markets.
       o Technology focus on game changing areas such as OIS and dual cameras.

                                                                         Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   2
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
METHODOLOGIES & DEFINITIONS
   Yole’s market forecast model is based on matching heterogenous sources:

 Top-to-bottom                                                      Bottom-up                                                          Preexisting
 approach                                                           approach                                                           information

                                   Reconciliation
                                 Market Segmentation
                                 Volume (in Munits),
                                     ASP (in $),
                                  Revenue (in $M)

                                                                                                                                       Information
                                                                                                                                       aggregation

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Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
WHAT IS TAKEN INTO ACCOUNT IN THE ANALYSIS ?
       From sub-components to camera modules

               Camera minimum resolution
               50 pixel x 50 pixel

                                         Optics                     AF&OIS

   Analysis
from the sub
 component                               Module Assy
   point of
    view.
                                                                                              Courtesy of PMDTech
                      Courtesy of Sony

                                         Sensor array     Illuminator                                                                       Courtesy of Apple

                     Wafers &            Sub-components                        Camera                                                      Systems
                     raw material        Sensor, optics                        Modules
                                         & illumination

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Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
TABLE OF CONTENTS (1/2)

   o REPORT OBJECTIVES AND SCOPE                          5      3- COMPANY ECOSYSTEM                               59
   o METHODOLOGY                                          7           o Ecosystem of the CCM industry
   o EXECUTIVE SUMMARY                                   14           o Value chain of CCM industry
                                                                      o Mobile camera supply chain
                                                                      o Automotive camera supply chain
   1 – INTRODUCTION                                      33
                                                                      o 2018 CCM revenue market share
         o Global technology roadmaps
         o Camera module definition                                   o CCM market share analysis
         o Cost breakdown by resolution in $                          o 2018 Sensor for CCM revenue market share
         o Cost breakdown by resolution in %                          o Sensor for CCM market share analysis
                                                                      o 2018 Lens for CCM revenue market share
   2- MARKET FORECAST                                    46           o Lens for CCM market share analysis
        o   Segmentation                                              o 2018 Autofocus & OIS for CCM revenue market share
        o    2012‒2024 volume shipment forecast by market             o Autofocus & OIS for CCM market share analysis
        o    2012‒2024 volume shipment forecast by application        o Analysis of the CCM ecosystem
        o    2012‒2024 ASP forecast by application
        o    2012‒2024 revenue forecast by market
        o    2012‒2024 revenue forecast by application
        o    2012‒2024 revenue forecast by component
        o   Value breakdown of the CCM market
        o   Analysis of the CCM market forecast

                                                                           Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   5
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
TABLE OF CONTENTS (2/2)

   4- WLO INDUSTRY FOCUS                              79          6- TECHNOLOGY TRENDS                                                               186
        o 2012‒2024 WLO volume shipment forecast by market              o Image sensor
        o 2012‒2024 WLO volume shipment forecast by application         o Optics
        o 2012‒2024 WLO ASP forecast by application                     o IR cut filter
        o 2012‒2024 WLO revenue forecast by market                      o Connectors
        o 2012‒2024 WLO revenue forecast by application                 o Packaging
        o Ecosystem of the WLO industry                                 o Autofocus & OIS
        o Value chain of WLO industry                                   o Specific manufacturing equipment
        o WLO Application trend
        o WLO Technology trend

   5- APPLICATION TRENDS                            113
                                                                  Appendix – Yole Développement                                                      223
         o Mobile
         o Other consumer markets
         o Automotive
         o Other high end markets

                                                                            Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   6
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
COMPANIES CITED IN THE REPORT

   AAC Technologies, Ability Opto, AGC, Alps, Apple, Asia Optical, Brigates, BYD Microelectronics, Calin Technology, Cammsys,
      Cha Diostech, Chicony, Continental, Cowell Optics, Cresyn, Crystal-Optech, Ddk, DJI, Foxconn, Fujifilm, Fujinon, Fujitsu,
   Galaxycore, Genius Optical, Google, Gopro, Haesung Optics, Himax, Hirose, Hoya, Huawei, IM, Intel, Jawah, JSR, Kantatsu, Kinko
   Optical, Kolen, Kyocera, Largan, Lenovo, LG Innotek, Liteon, Magna, Materion, Mcnex, Microsoft, Mitsumi, Mobileye, Nalux, New
    Shicoh, Nidec, NTK, O-Film, Omnivision, On Semiconductor, Optis, Panasonic, Parrot, Partron, Pixart, Pixelplus, Powerlogic,
   Primax, Q-Tech, Ricoh, Samsung, Schott, Semco, Sharp, Sekonix, SK Hynix, Softkinetic, Sony, ST Microelectronics, Sunny Optical,
             Sunex, Superpix, Suyin, TDK, Toshiba, Truly, Valeo, Viavi, Volvo, Xiaomi, Xperi, Zeiss , Zeon, Zte and more …

                                                                              Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   7
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
WHAT WE GOT RIGHT, WHAT WE GOT WRONG
  Technology and market forecast challenge

          Global Forecast
          • Good industry dynamics
          • Key technology developments
          • Plateauing Mobile situation 2017-2018
          • Accelerated CCM price war

          Mobile trend
          •   3D sensing: dedicated dual cameras for structured light sensors or time of flight sensors
          •   3D sensing illuminators are benefiting from Wafer Level (WL) approaches
          •   Motion sensor: global shutter sensor (VGA to 1.3Mp; 3µm pixel)
          •   Chinese OEMs genuine approach to imaging is setting the trend

                                                                         Sample | Status of Camera Module Industry
                                                                                                            ©20172019  – Focus on
                                                                                                                   | www.yole.fr    WaferofLevel
                                                                                                                                 | Status        Optic |image
                                                                                                                                            the CMOS     www.yole.fr | ©2019
                                                                                                                                                              sensor industry   8
Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
ABOUT THE AUTHORS OF THIS REPORT
   Biography & contact details

             Pierre Cambou
             Pierre Cambou has been part of the imaging industry since 1999. He first took several positions at Thomson TCS, which became
             Atmel Grenoble in 2001 and e2v Semiconductors in 2006. In 2012 Pierre founded Vence Innovation, later renamed Irlynx, to
             bring to market an infrared sensor technology for smart environments and interactions. He has an Engineering degree from
             Université de Technologie de Compiègne and a Master of Science from Virginia Tech. Pierre also graduated with an MBA from
             Grenoble Ecole de Management. In 2014 he joined Yole Développement as Imaging Activity Leader. Contact: cambou@yole.fr

             Jean-Luc Jaffard
             From 1966 Jean-Luc Jaffard paved the way for imaging activity at STMicroelectronics being at the forefront of the emergence and
             growth of this business. At STMicroelectronics Imaging Division he was appointed as Research Development and Innovation
             Director managing a large multidisciplinary and multicultural team. He was promoted to Deputy General Manager and Advanced
             Technology Director in charge of identifying and developing breakthrough Imaging Technologies and transforming them into
             innovative and profitable products. In 2010 he was appointed STMicroelectronics Intellectual Property Business Unit Director.
             In January 2014 he created the Technology and Innovation branch of Red Belt Conseil.

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Status of the Camera Module Industry 2019 - Focus on Wafer Level Optics - From Technologies to Markets - System Plus Consulting
Body sample
WHAT WE GOT RIGHT, WHAT WE GOT WRONG
           CCM forecast over the years

                     Yole has lowered its                                                 Historical CCM revenue forecast (in $M)
                     forecast for CMOS                                                                2015 Fcst             2017 Fcst             2019 Fcst
                     camera modules due to
                     slow down of the                            60 000

                     smartphone sales and
                     impact of increased                         50 000
                     Chinese leadership
                     commending competition
Our goal is a +/-    on price.
                                                                 40 000

                                                  Revenue ($M)
  10% market
prediction in five                                               30 000
   years’ time       Growth potential is
                     maintained at a high level                  20 000
                     for the 2019-2024 period,
                     mostly driven by multiple
                                                                 10 000
                     camera approaches and
                     the introduction of
                     advanced camera                                 0
                                                                          2012   2013   2014   2015    2016        2017      2018       2019e     2020e     2021e      2022e      2023e     2024e
                     technologies in
                     smartphones.

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HOW IS A MOBILE CAMERA MODULE MADE ?
           Structure of a mobile camera module

                       Illumination

                       Connector

                       Flex-rigid substrate
     Once a
 relatively basic
  component,           CMOS Image Sensor (CIS)
    CCM has
 evolved into a
complex micro-
                       VCM Driver
     electro-
   mechanical          Metal Shield
      device
                       Voice Coil Motor (VCM)

                       Lenses & Spacers

                       Lens Mount
                                                                                  Courtesy of Oppo

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ECOSYSTEM OF THE CAMERA MODULE INDUSTRY
          2018 state of the industry

                     Combined revenues in the                                                                                                 CCM
                     CCM business have                 VCM                                                                                  Industry
                     reached $27.1B in 2018                        Camera Module
                                                     $2.3B 2018
                                                                     Assembly                                                              $27.1B 2018
                                                     CAGR +11.5%                                                                              CAGR 9.1%
                     Revenues are captured by                        $8.5B 2018
                                                     $4.4B 2024
                     four types of players:                           CAGR +8.9%                                                          $45.7B 2024
                           o CCM Assembly                             $13.9B 2024
   The industry            o CIS Supplier
 does aggregate
different sub-part         o Lens Supplier
manufacturing &            o VCM Suppliers
     assembly                 (AF&OIS)                                                                                                       Illumination
                                                                                     Lens set
                                                 CMOS Image sensors                manufacturing
                                                                                                                                             sub-modules
                     $720M of these revenues         $12.3B 2018                                                                              $0.7B 2018
                     are for illumination sub-        CAGR +9.2%
                                                                                    $4.1B 2018                                                CAGR +42.6%
                                                                                       CAGR +6.7%
                     modules                         $20.8B 2024                                                                              $6.1B 2024
                                                                                       $6.0B 2024

                                                                      Sample | Status of Camera Module Industry 2019 – Focus on Wafer
                                                                                                                          ©2015       Level Optic
                                                                                                                                | www.yole.fr     | www.yole.fr
                                                                                                                                              | Camera          | ©2019
                                                                                                                                                       Module Industry    13
CAMERA MODULE VOLUME SHIPMENT FORECAST 2012–2024
          by market (in Munits)

                    CCM volume                                                               2012-2024 CCM revenue forecast (in $M)
                    shipments have slowed                                                                 by market
                    down in                                                Mobile              Consumer                 Computing                Automotive              Medical

                    synchronization with                                   Security            Industrial               Previous 2017            Previous 2015

                    the smartphone                         60 000
                    market which
5.1 Billion units   represent 82% of                       50 000
shipped in 2018     volume
   Production

                                            Revenue (M$)
                                                           40 000
should reach 8.0
 Billion units in   Medium term volume
       2024         growth rate should                     30 000

                    see renewed traction
                    ~7.8% CAGR2018–2024                    20 000

                    due to multiple
                    camera approaches                      10 000

                                                               0
                                                                    2012    2013      2014     2015         2016      2017       2018      2019e      2020e      2021e      2022e       2023e      2024e

                                                                                                            Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   14
2018 CAMERA MODULE MARKET SHARE (IN %)

                                                2018 Camera module market share (in %)                                                                        Rank       Company         2017 ($M) 2018 ($M)               YoY(%)
                                                             by players
                                                                                                                                                                 1    LG Innotek            $3,068         $3,395            10.7%
                                                                                                              LG Innotek
                                                                                                                 12%                                             2    Semco                 $2,860         $3,390            18.5%
                                                                                                                                                                      Foxconn
                                     Other                                                                                                                       3    (Sharp)               $2,561         $3,035            18.5%
                                      20%
                                                                                                                                                                 4    Sunny Optical         $2,500         $2,400            -4.0%
                                                                                                                                                                 5    O-Film                $2,000         $2,390            19.5%
                                                                                                                                                                      Luxvisions
                                                                                                                                 Semco                           6    (Liteon)              $1,334         $1,094           -18.0%
Fragmented                                                                                                                        12%                            7    Q-Tech                $1,169         $1,040           -11.0%
marketplace
                                                                          2017                                                                                   8    ams                    $186           $724             289%
                     Next 5
                      7%                                                 $25.6B                                                                                  9    Primax                 $615           $707             15.0%
Slowly moving                                                                                                                                                   10    Chicony                $650           $700             7.7%
   towards            Partron                                             2018                                                                                  11    Cowell                 $740           $674             -8.9%
                        1%
consolidation                                                            $27.1B                                                                                 12    Partron                $490           $390            -20.4%
                Cowell                                                                                                           Foxconn (Sharp)
                                                                                                                                                                      Next 5                $1,830         $1,820            -0.5%
                 2%           Chicony                                                                                                 11%
                                                                                                                                                                      Other                 $4,939         $5,369            8.7%
                                3%
                                                                                                                                                                      TOTAL               $25,591         $27,128            6.0%
                       Primax             ams
                         3%                                                                                         Sunny Optical
                                          3%
                                                                                                                         9%
                         Q-Tech                                                                   O-Film
                           4%                Luxvisions (Liteon)                                   9%
                                                     4%
                                                                                                                                                               Yole Développement
                 Other include : Mcnex, Cammsys, Chiconny, Q-Tech, Truly, Haesung Optics, Asia Optical, Powerlogic, Vistapoint                                 © January 2019

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ECOSYSTEM OF THE CAMERA MODULE INDUSTRY
         2018 state of the industry

                                                      Main players of the camera module industry
                                                                        2018   2017

                                         7 000

                                                                                                                                   Image sensor
                                         6 000
                                                                                                                                   Module assy
                                                                                                                                   Lens set
                                         5 000
                                                                                                                                   VCM assy
   The CCM                Revenue ($M)

ecosystem has                            4 000
                                                 12 players
 12 companies                                    beyond $1B
with more than                           3 000

$1B in revenue                                                        Next 12 players between
                                         2 000
                                                                      $250M and $1B                                                Other players
                                         1 000
                                                                                                                                   below $250B

                                            0

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GLOBAL MARKET OUTLOOK
          Smartphone market glitch

                                                                              Historical Smartphones / Laptop PCs / Digital cameras sales (in M units)
                   In 2011 and 2012                                   2 000
                   laptop PCs and
                   digital cameras have                               1 800

                   peaked in the wake                                 1 600                                                                     Smartphones
                   of the great
                   recession, being                                   1 400

                                          Volume Shipment (M units)
    This is the    disrupted by                                       1 200
outlook for end-   smartphones.
devices, not the                                                      1 000

camera modules     In 2018 we have
 of each market    reached                                             800

                   smartphone market                                   600          Dot com burst
                   saturation and the                                                                       Laptop PCs
                                                                       400
                   outlook is now
                   aligned with GDP                                    200
                                                                                                                                                                    Digital Cameras
                   growth outlook.                                       0

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CAMERA MODULE VOLUME FORECAST 2012-2014
          Average number of cameras per end product (in Units/Unit)

                    There are roughly 1,600M
                    smartphones produced                                                        2012-2024 Average number of cameras per end product (in Unit/Unit)
                    every year and 100M light                                                                   Cameras per Smartphones              Cameras per Light Vehicle
                    vehicles.                                                      4,0

                    The main factor governing
                                                                                   3,5
                    the number of cameras
 The horizon is     produced worlwide is the                                       3,0

                                                   Number of cameras (Unit/Unit)
for an average of   average number of cameras
 3 cameras per      per end product, manly in                                      2,5

smartphone and      smartphones and light
  cars by 2024      vehicles                                                       2,0

                    In 2024, it is expected that                                   1,5
                    both markets will have an
                    average number of cameras                                      1,0

                    per end product exeeding
                    3.0                                                            0,5

                                                                                   0,0
                                                                                         2012   2013   2014   2015     2016       2017        2018       2019e       2020e       2021e       2022e       2023e       2024e

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SUPPLY CHAIN OF THE CAMERA MODULE INDUSTRY

                 Silicon    Glass      Polymer         Metal                          Plastics                        Substrates

                 CIS Die   IR Filter   Lens set     AF & OIS                     Connectors
 The supply
chain is quite
  complex

                 KGDs                             Assembly & Test

                                                       Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   19
WHAT IS WAFER LEVEL OPTICS ?
  Collective optical component manufacturing

       Standard approach                             Wafer or panel based
       Polymer injection / Glass turning             UV replication / embossing / etching

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MOBILE PHONE MARKET TREND
          Mobile phone cameras have become multi-sensor optronic interfaces

                       Number of sensors

                                                                                                                           Embedded 3D
                                                                                                                           interactive
                                                                              Embedded 3D                                  The world becomes interactive

                                    Photography                               computational
 The current          3+ sensors                                             New embedded 3D imaging
                                    and video           Courtesy of Sony
market is still
                                    Catching up with
 focused on                         DSLR and video
computational                       cameras
 approaches            3 sensors

Embedded 3D
camera is the                                                       • Main and
                       2 sensors                                                                                               • Dual rear and
  next step                                                           sub-camera                                                 front-camera
                                                                    • Range finder                                             • 3D mapping
                                                                    • LED flash                 • Dual rear or
                                                                                                                               • VR localization
                                                                                                  front-camera
                       1 sensor                                                                 • 3D mapping
                                                  • Main and                                    • LED illuminator
                                                    sub-camera
                                                                                                                                                               Courtesy of
                                                  • LED flash                           Courtesy of Panono                                                     Microsoft

                                     2012              2014                2016          2018                     2020                     2022                     2024
                                                                                         Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   21
CAMERA MODULE INDUSTRY
          2019 Conclusions

                  •   Global camera module industry has reached $27.1B in 2018 and should reach $45.7B in 2024.

                  •   The CCM industry is growing at a pace of 7.8% in volume and 9.1% in revenues. The main drivers is the
                      proliferation of cameras per mobile handsets and a similar trend in automotive.

                  •   Illumination modules for mobile is now a significant sub-market mainly serving 3D sensing cameras. They are
The camera            using wafer level techniques initially developed for cameras.
  module
industry is a     •   Smartphone market maturation is creating a high competition environment in which cameras play a central role
   growth             maintaining the momentum of the CCM industry.
powerhouse

                  •   Automotive has become a truly significant sub-market with 11% of revenues. Most camera module players have
                      both mobile and automotive business.The future of video sensing is in part decided in this segment.

                  •   The camera module industry is a technology driven environment: The role of computing and artificial intelligence
                      (AI) will play a growing role in the future. Two path will guide the future of AI driven cameras, one is using 5G
                      with high bandwidth data gathering, and another will use specific edge computing & sensing technique such as
                      neuromorphic approaches.

                                                                                Sample | Status of Camera Module Industry 2019 – Focus on Wafer Level Optic | www.yole.fr | ©2019   22
LINKED REPORT

                Mobile Camera Module Comparison 2019

                Structural, Process & Costing Report by System Plus
                Consulting – January 2019
                Physical analysis and cost comparison of seven leading flagship
                smartphone cameras: Apple iPhone X/XS/XR, Samsung Galaxy
                S9, Huawei Mate 20 Pro and P20 Pro, Xiaomi Mi8 Explorer
                Edition, Oppo Find X and Vivo X21UD.
                More details here.
                Bundle offer available - Contact us for more information.

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                                                  electronics
                                                                From A to Z…

                                                                      ©2019 | www.yole.fr | About Yole Développement   8
REPORTS COLLECTION
   o Over the course of more than 20 years, Yole Développement has grown to become a group of companies. Together with System Plus Consulting and KnowMade, we now
     provide marketing, technology and strategy consulting, media and corporate finance services, reverse costing, structure, process and cost analysis services and well as
     intellectual property (IP) and patent analysis. Together, our group of companies is collaborating ever closer and therefore will offer, in 2019, a collection of over 125 reports
     and 10 new monitors. Combining respective expertise and methodologies from the three companies, they cover:

          •    MEMS & Sensors                                •    Power electronics
          •    RF devices & technologies                     •    Compound semiconductors
          •    Medical technologies                          •    Solid state lighting
          •    Semiconductor Manufacturing                   •    Displays
          •    Advanced packaging                            •    Software
          •    Memory                                        •    Imaging
          •    Batteries and energy management               •    Photonics

   o If you are looking for:
          • An analysis of your product market and technology
          • A review of how your competitors are evolving
          • An understanding of your manufacturing and production costs
          • An understanding of your industry’s technology roadmap and related IPs
          • A clear view supply chain evolution
          Our reports and monitors are for you!                                                                                                                      www.i-Micronews.com

   o Our team of over 70 analysts, including PhD and MBA qualified industry veterans from Yole Développement, System Plus Consulting and KnowMade, collect information,
     identify trends, challenges, emerging markets, and competitive environments. They turn that information into results and give you a complete picture of your industry’s
     landscape. In the past 20 years, we have worked on more than 2,000 projects, interacting with technology professionals and high-level opinion makers from the main
     players of their industries and realized more than 5,000 interviews per year.
   WHAT TO EXPECT IN 2019?
   In 2019 we will extend our offering with a new ‘monitor’ product which provides more updates on your industry during the year. The Yole Group of Companies is also building
   on and expanding its investigations of the memory industry. Moreover, in parallel, the Yole Group reaffirms its commitment to a new collection of reports mixing software and
   hardware and is increasing its involvement in displays, radio-frequency (RF) technology, advanced substrates, batteries and compound semiconductors. Discover our 2019
   program right now, and ensure you get a true vision of the industry. Stay tuned!

                                                                                                                                              ©2019 | www.yole.fr | About Yole Développement   9
OUR 2019 REPORTS COLLECTION (1/4)
  18 fields of excellence combined with six markets to provide a complete picture of your industry landscape

  Market – Technology – Strategy – by Yole Développement
  Yole Développement (Yole) offers market reports including quantitative market forecasts,
  technology trends, company strategy evaluation and indepth application analyses. Yole will   The markets targeted are :
  publish more than 55 reports in 2019, with our partner PISEO contributing to some of
  the lighting reports.                                                                        • Mobile & Consumer
  Reverse Costing® – Structure, Process and Cost Analysis – by                                 • Automotive & Transportation
  System Plus Consulting
  The Reverse Costing® report developed by System Plus Consulting provides full                • Medical
  teardowns, including detailed photos, precise measurements, material analyses,
  manufacturing process flows, supply chain evaluations, manufacturing cost analyses and       • Industrial
  selling price estimations. The reports listed below are comparisons of several analyzed
  components from System Plus Consulting. More reports are however available, and over
  60 reports will be released in 2019.The complete list is available at www.systemplus.fr.
                                                                                               • Telecom & Infrastructure

  Patent Reports – by KnowMade                                                                 • Defense & Aerospace
  More than describing the status of the IP situation, these analyses provide a missing link
  between patented technologies and market, technological and business trends. They offer
                                                                                               • Linked reports are dealing with the same topic to provide
  an understanding of the competitive landscape and technology developments from a
  patent perspective. They include key insights into key IP players, key patents and future
                                                                                               • a more detailed analysis.
  technology trends. For 2019 KnowMade will release over 15 reports.

                                                                                                                             ©2019 | www.yole.fr | About Yole Développement   10
OUR 2019 REPORTS COLLECTION (1/5)
      18 fields of excellence combined with six markets to provide a complete picture of your industry landscape
 MEMS & SENSORS                                                                             RF DEVICES AND TECHNOLOGIES
 o MARKET AND TECHNOLOGY REPORT                                                             o MARKET AND TECHNOLOGY REPORT
      • Status of the MEMS Industry 2019 - Update                                                • RF GaN Market: Applications, Players, Technology,
      • Status of the Audio Industry 2019 - New                                                    and Substrates 2019 - Update
      • Uncooled Infrared Imagers and Detectors 2019 – Update                                    • 5G’s Impact on RF Front-End Module and Connectivity
      • Consumer Biometrics:Technologies and Market Trends 2018                                    for Cell Phones 2019 – Update
      • MEMS Pressure Sensor Market and Technologies 2018                                        • 5G impact on Wireless Infrastructure 2019
      • Gas & Particle Sensors 2018                                                              • Radar and V2X Market & Technology for Automotive 2019 - Update
 o STRUCTURE, PROCESS & COST REPORT                                                              • Advanced RF Antenna Market & Technology 2019 - New
      • MEMS & Sensors Comparison 2019                                                           • RF Standards and Technologies for Connected Objects 2018
      • MEMS Pressure Sensor Comparison 2018                                                o STRUCTURE, PROCESS & COST REPORT
      • Particle Sensors Comparison 2019                                                         • RF Front-End Module Comparison 2019 - Update
      • Miniaturized Gas Sensors Comparison 2018                                                 • Automotive Radar RF Chipset Comparison 2018
 o PATENT REPORT                                                                            o PATENT REPORT
      • MEMS Foundry Business Portfolio 2019 - New                                               • Antenna for 5G Wireless Communications 2019 - New
      • Miniaturized Gas Sensors 2019 - New                                                      • RF Front End Modules for Cellphones 2018
                                                                                                 • RF Filter for 5G Wireless Communications: Materials and Technologies 2019
 PHOTONIC AND OPTOELECTRONICS                                                                    • RF GaN : Materials, Devices and Modules 2018
 o MARKET AND TECHNOLOGY REPORT
      • Photonic Integrated Circuit 2019 - New
      • LiDARs for Automotive and Industrial Applications 2019 - Update
      • Silicon Photonics 2018
 o PATENT REPORT
      • Silicon Photonics for Data Centers: Optical Transceiver 2019 - New
      • LiDAR for Automotive 2018

                                                                             Update : 2018 version still available                         ©2019 | www.yole.fr | About Yole Développement   11
OUR 2019 REPORTS COLLECTION (2/5)
      18 fields of excellence combined with six markets to provide a complete picture of your industry landscape

 IMAGING                                                                                       MICROFLUIDICS
 o MARKET AND TECHNOLOGY REPORT                                                                o MARKET AND TECHNOLOGY REPORT
      • Status of the CIS Industry 2019: Technology                                                 • Status of the Microfluidics Industry 2019 - Update
        and Foundry Business - Update                                                               • Next Generation Sequencing & DNA Synthesis - Technology,
      • Imaging for Automotive 2019 - Update                                                          Consumables Manufacturing and Market Trends 2019 - New
      • Neuromorphic Technologies for Sensing 2019 - Update                                         • Organ-on-a-Chip Market & Technology Landscape 2019 - Update
      • Status of the CCM and WLO Industry 2019 - Update                                            • Point-of-Need Testing Application of Microfluidic Technologies 2018
      • Machine Vision for Industry and Automation 2018                                             • Liquid Biopsy: from Isolation to Downstream Applications 2018
      • Sensors for Robotic Vehicles 2018                                                           • Chinese Microfluidics Industry 2018
 o STRUCTURE, PROCESS & COST REPORT                                                            o PATENT REPORT
      • Compact Camera Modules Comparison 2019                                                      • Microfluidic Manufacturing Technologies 2019 – New
      • CMOS Image Sensors Comparison 2019
 o PATENT REPORT                                                                               INKJET AND ACCURATE DISPENSING
      • Facial & Gesture Recognition Technlogies in Mobile Devices 2019 - New                  o MARKET AND TECHNOLOGY REPORT
      • Apple iPhone X Proximity Sensor & Flood Illuminator 2018                                    • Inkjet Printheads - Dispensing Technologies
                                                                                                      & Market Landscape 2019 - Update
 MEDICAL IMAGING AND BIOPHOTONICS                                                                   • Emerging Printing Technologies
 o MARKET AND TECHNOLOGY REPORT                                                                       for Microsystem Manufacturing 2019 - New
      • X-Ray Flat Panel Detectors for Military, Industrial                                         • Piezoelectric Materials from Bulk to Thin Film 2019 - New
        and Medical Applications 2019 - New                                                         • Inkjet Functional and Additive Manufacturing for Electronics 2018
      • Microscopy Life Science Cameras: Market and Technology Analysis 2019                   o STRUCTURE, PROCESS & COST REPORT
      • Ultrasound technologies for Medical, Industrial                                             • Piezoelectric Materials from Bulk to Thin Film Comparison 2019
        and Consumer Applications 2018
 o PATENT REPORT
      • Optical Coherence Tomography Medical Imaging 2018

                                                                                Update : 2018 version still available                          ©2019 | www.yole.fr | About Yole Développement   12
OUR 2019 REPORTS COLLECTION (3/5)
      18 fields of excellence combined with six markets to provide a complete picture of your industry landscape
 BIOTECHNOLOGIES                                                                        o MARKET AND TECHNOLOGY REPORT
 o MARKET AND TECHNOLOGY REPORT                                                              • Status of the Memory Business 2019 - New
      • CRISPR-Cas9 Technology: From Lab to Industries 2018                                  • MRAM Technology and Business 2019 - New
 o PATENT REPORT                                                                             • Emerging Non Volatile Memory 2018
      • Personalized Medicine 2019 – New                                                o STRUCTURE, PROCESS & COST REPORT
                                                                                             • Memory Comparison 2019
 BIOMEMS & MEDICAL MICROSYSTEMS                                                         o PATENT REPORT
 o MARKET AND TECHNOLOGY REPORT                                                              • Magnetoresistive Random-Access Memory (MRAM) 2019 - New
      • Medical Wearables: Market & Technology Analysis 2019 - New                           • 3D Non-Volatile Memory 2018
      • Neurotechnologies and Brain Computer Interface 2018
      • BioMEMS & Non-Invasive Sensors: Microsystems for Life Sciences                  ADVANCED PACKAGING
        & Healthcare 2018                                                               o MARKET AND TECHNOLOGY REPORT
 o PATENT REPORT
                                                                                             • Fan Out Packaging Technologies and Market Trends 2019 - Update
      • 3D Cell Printing 2019 - New                                                          • 3D TSV Integration and Monolithic Business Update 2019 - Update
      • Circulating Tumor Cells Isolation 2019 - New                                         • Advanced RF SiP for Cellphones 2019 - Update
      • Nanopore Sequencing 2019 - New                                                       • Status of Advanced Packaging 2019 - Update
                                                                                             • Status of Advanced Substrates 2019 - Update
 SOFTWARE AND COMPUTING                                                                      • Panel Level Packaging Trends 2019 - Update
 o MARKET AND TECHNOLOGY REPORT                                                              • RF System-in-Package & Materials for 5G 2019 - New
     • Artificial Intelligence Computing For Automotive 2019 - New
                                                                                             • System in Package (SiP) Technology and Market Trends 2019 - New
     • Hardware and Software for Artificial Intelligence (AI)
                                                                                             • Trends in Automotive Packaging 2018
       in Consumer Applications 2019 - Update
                                                                                             • Thin-Film Integrated Passive Devices 2018
     • From Image Processing to Deep Learning 2019 - Update
                                                                                        o STRUCTURE, PROCESS & COST REPORT
     • xPU (Processing Units) for Cryptocurrency, Blockchain, HPC
       and Gaming 2019 – New                                                                 • Advanced RF SiP for Cellphones Comparison 2019

 MEMORY                                                                  Update : 2018 version still available                       ©2019 | www.yole.fr | About Yole Développement   13
OUR 2019 REPORTS COLLECTION (4/5)
      18 fields of excellence combined with six markets to provide a complete picture of your industry landscape
 SEMICONDUCTOR MANUFACTURING                                                         SOLID STATE LIGHTING
 o MARKET AND TECHNOLOGY REPORT                                                      o MARKET AND TECHNOLOGY REPORT
      • Nano Imprint Lithography 2019 - New                                               • Status of the Solid State Light Source Industry 2019 - New
      • Equipment and Materials for Fan Out Packaging 2019 - Update                       • Edge Emitting Lasers (EELS) 2019 - New
      • Equipment for More than Moore: Thin Film Deposition                               • Light Shaping Technologies 2019 - New
        & Etching 2019 - New                                                              • Automotive Advanced Front Lighting Systems 2019 - New
      • Wafer Starts for More Than Moore Applications 2018                                • VCSELs - Technology, Industry and Market Trends 2019 - Update
      • Polymeric Materials at Wafer-Level                                                • IR LEDs and Laser Diodes – Technology, Applications,
        for Advanced Packaging 2018                                                         and Industry Trends 2018
      • Bonding and Lithography Equipment Market                                          • Automotive Lighting 2018: Technology, Industry and Market Trends
        for More than Moore Devices 2018                                                  • UV LEDs - Technology, Manufacturing and Application Trends 2018
 o STRUCTURE, PROCESS & COST REPORT                                                       • LiFi: Technology, Industry and Market Trends 2018
      • Wafer Bonding Comparison 2018                                                o STRUCTURE, PROCESS & COST REPORT
 o PATENT REPORT                                                                          • VCSEL Comparison 2019
      • Hybrid Bonding for 3D Stack 2019 – New                                       o PATENT REPORT
                                                                                          • VCSELs 2018

                                                                                     DISPLAY
                                                                                     o MARKET AND TECHNOLOGY REPORT
                                                                                          • Next Generation 3D Display 2019 - New
                                                                                          • Next Generation Human Machine Interaction (HMI)in Displays 2019 - New
                                                                                          • Micro-and Mini-LED Displays 2019 - Update
                                                                                          • QD and Wide Color gamut (WCG)
                                                                                            Display Technologies 2019 - Update
                                                                                          • Displays & Optical Vision Systems for VR,AR & MR 2018
                                                                                     o PATENT REPORT
                                                                                          • MicroLED Displays : Intellectual Property Landscape 2018
                                                                      Update : 2018 version still available                         ©2019 | www.yole.fr | About Yole Développement   14
OUR 2019 REPORTS COLLECTION (5/5)
      18 fields of excellence combined with six markets to provide a complete picture of your industry landscape
 POWER ELECTRONICS                                                                    BATTERY & ENERGY MANAGEMENT
 o MARKET AND TECHNOLOGY REPORT                                                       o MARKET AND TECHNOLOGY REPORT
      • Power SiC: Materials, Devices and Applications 2019 - Update                       • Status of the Rechargeable Li-ion Battery Industry 2019 - New
      • Power Electronics for EV/HEV and e-mobility:                                       • Li-ion Battery Packs for Automotive and Stationary Storage
        Market, Innovations and Trends 2019 - Update                                         Applications 2019 - Update
      • Status of the Power Electronics Industry 2019 - Update                        o PATENT REPORT
      • Discrete Power Packaging : Material Market                                         • Battery Energy Density Increase: Materials
        and Technology Trends 2019 - New                                                     and Emerging Technologies 2019 - New
      • Status of the Power ICs Industry 2019 - Update                                     • Solid-State Batteries 2019 - New
      • Status of the Passive Components for the Power Electronics                         • Status of the Battery Patents 2018
        Industry 2019 - Update
      • Status of the Inverter Industry 2019 - Update                                 COMPOUND SEMI.
      • Status of the Power Module Packaging Industry 2019 - Update                   o MARKET AND TECHNOLOGY REPORT
      • Wireless Charging Market Expectations                                              • Emerging Compound Semiconductor
        and Technology Trends 2018                                                           Market & Technology Trends 2019 - New
      • Power GaN 2018: Epitaxy, Devices, Applications                                     • Status of the Compound Semiconductor Industry 2019 - New
        and Technology Trends                                                              • InP Materials, Devices and Applications 2019 - New
 o STRUCTURE, PROCESS & COST REPORT                                                        • GaAs Wafer and Epiwafer Market: RF, Photonics,
      • Automotive Power Module Packaging Comparison 2018                                    LED and PV Applications 2018
      • GaN-on-Silicon Transistor Comparison 2019                                     o PATENT REPORT
      • SiC Transistor Comparison 2019                                                     • GaN-on-Silicon Substrate: Materials, Devices
 o PATENT REPORT                                                                             and Applications 2019 - Update
      • Power SiC : Materials, Devices and Modules 2019 - New
      • Power GaN : Materials, Devices and Modules 2019 – Update

                                                                       Update : 2018 version still available                         ©2019 | www.yole.fr | About Yole Développement   15
OUR 2019 MONITORS COLLECTION (1/2)
   Get the most updated overview of your market to monitor your strategy
  Yole Développement, System Plus Consulting and KnowMade, all part of the Yole Group of Companies, are launching a collection of 10 monitors in 2019. The monitors aim to
  provide updated market, technology and patent data as well dedicated quarterly analyses of the evolution in your industry over the previous 12 months. Furthermore, you can
  benefit from direct access to the analyst for an on-demand Q&A and discussion session regarding trend analyses, forecasts and breaking news.
  Topics covered will be compact camera modules (CCMs), advanced packaging, compound semiconductors, microfluidics, batteries, RF and memory.

  MARKET MONITOR by Yole Développement                                                          o COMPOUND SEMI. – NEW
                                                                                                  This monitor will describe how the compound semiconductor industry is evolving. It
  A FULL PACKAGE:                                                                                 will offer a close look at GaAs, InP, SiC, GaN and other compounds of interest
  The monitors will provide the evolution of the market in units, wafer area and revenues.        providing wafer volumes, revenues, application breakdowns and momentum.
  They will also offer insights into what is driving the business and a close look at what is     Frequency: Quarterly, starting from Q3 2019
  happening will also be covered in it.
                                                                                                o CAMERA MODULE – NEW
  The following deliverables will be included in the monitors:                                    This monitor will provide the evolution of the imaging industry, with a close look at
          • An Excel database with all historical and forecast data                               image sensor, camera module, lens and VCM. Volumes, revenues and momentum of
                                                                                                  companies like Sony, Samsung, Omnivision and OnSemi will thus be analysed.
          • A PDF slide deck with graphs and comments/analyses covering the expected              Frequency: Quarterly, starting from Q3 2019
            evolutions
                                                                                                o MEMORY – UPDATE
   o ADVANCED PACKAGING – NEW                                                                     For the memory industry you can have access to a quaterly monitor, as well as an
     This monitor will provide the evolution of the advanced packaging platforms. It will         additional service, a monthly pricing. Both services can be bought seprately:
     cover Fan-Out Wafer Level Packaging (WLP), Fan-Out Panel Level Packaging (PLP),
                                                                                                     • DRAM Service: Including a quarterly monitor and monthly pricing.
     Wafer-Level Chip Scale Packaging (WLCSP), Flip Chip packaging platforms, and 2.5D
     and 3D Through Silicon Via (TSV) integration. Frequency: Quarterly, starting from Q3            • NAND Service: Including a quarterly monitor and monthly pricing.
     2019

  REVERSE TECHNOLOGY MONITOR by System Plus Consulting
    o SMARTPHONES – NEW
     To stay updated on the latest components, packaging and silicon chip choices of the smartphone makers, System Plus Consulting has created its first Smartphone Reverse
     Technology monitor. This year, get access to the packaging and silicon content database of at least 20 different flagship smartphones – more than five per quarter. Starting at the
     beginning of 2019, the monitor will include an Excel database report for each phone and a quarterly comparison.

                                                                                                                                             ©2019 | www.yole.fr | About Yole Développement   16
OUR 2019 MONITORS COLLECTION (2/2)
   Get the most updated overview of your market to monitor your strategy
 PATENT MONITOR by KnowMade                                                                   o Li-ion Batteries
                                                                                                Anodes made of lithium metal, silicon, and lithium titanate (LTO); cathodes made of
 A FULL PACKAGE:                                                                                Lithium Iron Phosphate (LFP), Nickel-Manganese-Cobalt (NMC), Lithium Nickel
 Starting at the beginning of the year, the KnowMade monitors include the following             Cobalt Aluminium Oxide (NCA), Lithium Nickel Metal Dioxide (LiNiMO2), Lithium
 deliverables:                                                                                  Metal Phosphate (LiMPO4), and Lithium Metal Tetroxide (LiMO4); electrolytes
                                                                                                including liquid, polymer/gel, and solid inorganics; ceramic and other separators;
 •   An Excel file including the monthly IP database of:                                        battery cells including thin film/microbattery, flexible, cylindrical and prismatic; and
        • New patent applications                                                               battery packs and systems.
        • Newly granted patents                                                               o Post Li-ion Batteries
        • Expired or abandoned patents                                                          Battery technologies including redox-flow batteries, sodium-ion, lithiumsulfur, lithium-
        • Transfer of IP rights through re-assignment and licensing                             air, and magnesium-ion, and their supply chains, including electrodes, electrolytes,
        • Patent litigation and opposition                                                      battery cells and battery packs/systems.

 •   Quarterly report including a PDF slide deck with the key facts & figures of the          o Solid-State Batteries
     quarter: IP trends over the three last months, with a close look to key IP players and     Supply chain including electrodes, battery cells, battery packs/systems and
     key patented technologies.                                                                 electrolytes, including polymer, inorganic and inorganic/polymer, inorganic materials,
                                                                                                including argyrodites, LIthium Super Ionic CONductor, (LISICONs), Thio-LISICONs,
 o GaN for Power & RF Electronics                                                               sulfide glasses, oxide glasses, perovskites, anti-perovskites and garnets.
   Wafers and epiwafers, GaN-on-SiC, silicon, sapphire or diamond, semiconductor
   devices such as transistors, and diodes, devices and applications including converters,    o RF Acoustic Wave Filters
   rectifiers, switches, amplifiers, filters, and Monolothic Microwave Integrated Circuits      Including Surface Acoustic Wave (SAW), Temperature Compensated (TC)- SAW, Bulk
   (MMICs), packaging, modules and systems.                                                     Acoustic Wave- Free-standing Bulk Acoustic Resonator (BAWFBAR), BAW-Solidly-
                                                                                                Mounted Resonator (BAW-SMR), and Packaging.
 o GaN for Optoelectronics & Photonics
   Wafers and epiwafers, GaN-on-sapphire, SiC or silicon; semiconductor devices such          o RF Power Amplifiers
   as LEDs and lasers; and applications including lighting, display, visible communication,     Including Low Noise Amplifiers, Doherty Amplifiers, Packaging, and Millimeter-Wave
   photonics, packaging, modules and systems.                                                   technology.
                                                                                              o RF Front-End Modules
                                                                                              o Microfluidics
                                                                                                From components to chips and systems, including all applications.

                                                                                                                                               ©2019 | www.yole.fr | About Yole Développement   17
MICRONEWS MEDIA

  o   About Micronews Media                                     ONLINE                              ONSITE                               INPERSON
        To meet the growing demand for market,
                                                           @Micronews e-newsletter
        technological and business information,
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        Micronews Media integrates several tools able                                                   Events                                 Webcasts
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        to reach each individual contact within its            FreeFullPDF.com
        network.We will ensure you benefit from this.
                                                                                           Brand visibility, networking
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                                                                                                    opportunities
                                                                                                                                  involvement equals clear,
                                                        Unique, cost-effective ways          Today's technology makes it
                                                                                                                                 concise perception of your
                                                         to reach global audiences.          easy for us to communicate
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                                                            Online display advertising           regularly, quickly, and
                                                                                                                                      Webcasts are a smart,
                                                         campaigns are great strategies       inexpensively – but when
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                                                           are also an efficient way to     for meeting in-person. Events
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                                                         adapt with the demands of the      are the best way to exchange
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                                                          marketing plan and strategy.        partners, prospects while
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                                                                                 Contact: Camille Veyrier (veyrier@yole.fr), Marketing & Communication Director

                                                                                                                        ©2019 | www.yole.fr | About Yole Développement   18
CONTACT INFORMATION
   o CONSULTING AND SPECIFIC ANALYSIS, REPORT                                o FINANCIAL SERVICES (in partnership with Woodside
     BUSINESS                                                                  Capital Partners)
       •   North America:                                                        •   Jean-Christophe Eloy, CEO & President
                                                                                     Email: eloy@yole.fr - +33 4 72 83 01 80
              •   Steve LaFerriere, Senior Sales Director for Western US &
                  Canada                                                         •   Ivan Donaldson,VP of Financial Market Development
                  Email: laferriere@yole.fr – + 1 310 600-8267                       Email: ivan.donaldson@yole.fr - +1 208 850 3914
              •   Troy Blanchette, Senior Sales Director for Eastern US &    o CUSTOM PROJECT SERVICES
                  Canada
                                                                                 •   Jérome Azémar, Technical Project Development Director
                  Email: troy.blanchette@yole.fr – +1 704 859-0453
                                                                                     Email: azemar@yole.fr - +33 6 27 68 69 33
       •   Japan & Rest of Asia:
              •   Takashi Onozawa, General Manager, Asia Business            o GENERAL
                  Development (India & ROA)
                  Email: onozawa@yole.fr - +81 34405-9204                        •   Camille Veyrier, Director, Marketing & Communication
                                                                                     Email: veyrier@yole.fr - +33 472 83 01 01
              •   Miho Othake, Account Manager (Japan)
                                                                                 •   Sandrine Leroy, Director, Public Relations
                  Email: ohtake@yole.fr - +81 3 4405 9204
                                                                                     Email: leroy@yole.fr - +33 4 72 83 01 89 / +33 6 33 11 61 55
              •   Itsuyo Oshiba, Account Manager (Korea & Singapore)
                                                                                 •   Email: info@yole.fr - +33 4 72 83 01 80
                  Email: oshiba@yole.fr - +81-80-3577-3042
       •   Greater China: Mavis Wang, Director of Greater China Business
           Development
           Email: wang@yole.fr - +886 979 336 809
       •   Europe: Lizzie Levenez, EMEA Business Development Manager                                              Follow us on
           Email: levenez@yole.fr - +49 15 123 544 182
       •   RoW: Jean-Christophe Eloy, CEO & President, Yole Développement
           Email eloy@yole.fr - +33 4 72 83 01 80
                                                                                                                      ©2019 | www.yole.fr | About Yole Développement   19
STATUS OF THE CAMERA MODULE INDUSTRY 2019
FOCUS ON WAFER LEVEL OPTICS
Market & Technology report - February 2019
CMOS Camera Modules (CCM) have become a key sensor technology – what are the dynamics and
strategies in this highly competitive market?
                                           DESPITE HEADWINDS THE CMOS CAMERA MODULE (CCM) MARKET
KEY FEATURES
• Updated forecasts
                                           REMAINS HIGHLY ATTRACTIVE
• Ecosystem analysis                       The camera module industry has reached a new                           will expand ninefold within five years, reaching
• Technology update                        stage in its development. With $27.1B of global                        $6.1B by 2024. This is helping compensate for
• New trends and applications              revenues generated in 2018, Yole Développement                         the shipment volume slowdown in smartphones,
• Special focus on Wafer Level Optics     expects it to maintain a 9.1% Compound Annual                          computers, tablet and digital cameras. While the
   (WLO)                                   Growth Rate (CAGR) for the next 5 years. This                          complexity and cost of each individual camera is
                                           industry, which covers image sensors, lenses, voice                    still increasing on average, reaching $5.5 per unit,
WHAT’S NEW                                 coil motors, illuminators and camera assemblies,                       we are now seeing more diversity. In recent years
• Cost erosion analysis                    will therefore reach $45.7B by 2024. The overall                       the distribution of resolution, optical format and
• Resolution of dual cameras               growth is a combination of mega trends. The main                       camera type was only heading towards uniformly
• 3D sensing penetration rate              upward driver is the increasing number of cameras in                   high specifications. But in 2018 the smartphone
• Illumination modules                     products such as smartphones and cars. 3D sensing                      market has evolved quite dramatically. In an
                                           cameras are part of this trend, invading mobile                        attempt to work around the increasing cost of
                                           devices, computing and automotive industries. If                       imaging, mid-range phones have been implementing
                                           the nature of camera module making is unchanged                        2-5Mp formats that were previously fading away.
                                           with 3D sensing, illuminator sub-modules create                        This new equilibrium between volume, cost and
                                           a new market area. This brings new technologies,                       specification is lowering Yole Développement’s
                                           such as wafer level optics (WLO), along with it.                       forecast with respect to the previous 2017 report,
                                           The market for devices involved in illumination                        but overall the direction of the industry remains
                                           for 3D sensing accounted for $720M in 2018 and                         highly attractive.

                                                                           2012-2014 CCM revenue forecast (in $B)

                                                                                                                        CCM Industry 2024
                                                         CCM Industry 2018                       CAGR 9.1%                      $45.7B
                                                                  $27,1B

                                                VCM
                                                 $2.3B                                                   VCM
                                                                                                          $4.4B
                                                                                                                                         Camera
                                                                                                                                         module
                                                                              Camera                CAGR +11.5%                          assembly
 LINKED REPORT                                                                module                                                     $13.9B
                                                                              assembly
 Mobile Camera Module                                                                                                                    CAGR +8.9%
                                                   CMOS Image                 $8.5B
 Comparison 2019                                     sensors
 Structural, Process & Costing Report by                 $12.3B
                                                                                                          CMOS Image sensors                          Lens set
                                                                                                                     $20.8B                           manufacturing
 System Plus Consulting – January 2019                                                                                                                $6.0B
                                                                                                                   CAGR +9.2%
                                                                                                                                                      CAGR +6.7%
                                                                           Lens set
                                                                           manufacturing
                                                                           $4.1B
                                               Illumination                                                                                  Illumination
                                               sub-modules                                                                                  sub-modules
                                               $0.7B                                                                                     $6.1B - CAGR +42.6%

                                                                  (Yole Développement, February 2019)

 Physical analysis and cost comparison
 of seven leading flagship smartphone      WAFER LEVEL OPTICS (WLO) FINALLY FINDS MASS MARKET ADOPTION
 cameras: Apple iPhone X/XS/XR,
                                           This report contains a special focus on the WLO                        for mobile phones before the smartphone
 Samsung Galaxy S9, Huawei Mate
                                           industry. Several types of products are covered,                       era. Due to the high image quality required by
 20 Pro and P20 Pro, Xiaomi Mi8
                                           such as lenses, diffusers, diffractive optical                         smartphones, WLO approaches were left aside
 Explorer Edition, Oppo Find X and
 Vivo X21UD.                               elements (DOEs), autofocus (AF) and optical                            until today. As previously forecasted, the addition
                                           image stabilization (OIS) tunable lenses. Such                         of 3D sensing brought an opportunity for wafer
 Bundle offer available - Contact us for
                                           technologies have received huge investment                             level approaches to enter mass production and
 more information.
                                           between 2005 and 2010, aiming to serve cameras                         companies such as ams, Himax and AAC were able
STATUS OF THE CAMERA MODULE INDUSTRY 2019 – FOCUS ON WAFER LEVEL OPTICS

                         to provide technology to the pioneering smartphone                           industry focus of this report is structured in the
                         makers. While WLO revenues were in the order of                              same way as the full report itself with a forecast, and
                         $190M in 2018 we expect revenues will grow in line                           ecosystem, application and technology trend analyses.
                         with the 3D sensing trend at 55% CAGR to $1.6B in                            Players mastering WLO technologies are challenging
                         2024. Trends on the front and back of smartphones                            CCM players and 2019 is the right time to provide an
                         will require additional WLO components, and the big                          overview and discuss the challenges ahead.
                         expectation is for tunable lens AF&OIS. The WLO

                                            2012-2024 Wafer Level Optics revenue forecast by application (in $B)

                                                          Mobile            Consumer            Automotive          Medical           Industrial
                                           2
                                          1,8
                                          1,6
                                          1,4
                           Revenue ($B)

                                                                                                                        %
                                          1,2

                                                                                                                        55
                                                                                                                 GR
                                           1

                                                                                                               CA
                                          0,8
                                          0,6
                                          0,4
                                          0,2

                                                 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
                                                          (Yole Développement, February 2019)

                         THE CCM ECOSYSTEM IS EXTREMELY DYNAMIC, NEW INNOVATIONS ARE COMING
                         With twelve companies with revenues above a billion                          one hundred million dollars is decreasing, showing
                         dollars per annum and the next twenty companies                              that the ecosystem is getting more concentrated. The
                         above a hundred million dollars, the CCM industry                            cost to enter is high and only breakthroughs such as
                         provides opportunities for numerous players. In the                          3D sensing allow new players and technologies to get
                         last four years we have been monitoring the industry,                        in. The rhythm of mergers and acquisitions (M&A) has
                         and a few major trends have become obvious. First is                         reached a climax in 2017, and now the lack of target
                         the dominance of two heavyweights in image sensors                           companies has momentarily stopped acquisitions.
                         and lenses, Sony and Largan, which cover up to 50%                           The large camera module makers are looking to
                         of the market’s needs. Now, these heavyweight                                increase their margin. As new technologies get ready
                         companies are having their dominance challenged.                             to enter we expect M&A to rise again in years to
                         The number of companies above one billion dollars                            come, fueling the 9.1% CAGR in a virtuous cycle.
                         per annum revenue is rising, while the number above

                                                            2018 supply chain of the camera module industry

                                                Silicon            Glass                 Polymer           Metal           Plastics          Substrates

                                                CIS Die           IR Filter              Lens set        AF & OIS        Connectors

                                                KGDs
                                                                                                    Assembly and Test

                                                          (Yole Développement, February 2019)
MARKET & TECHNOLOGY REPORT

 OBJECTIVES OF THE REPORT
 • To provide market data on key CCM metrics and dynamics:
    - CCM revenue forecast, volume shipments and component share                                            AUTHORS
    - Market share with detailed breakdown by player                                                        Pierre Cambou has
    - To provide in-depth understanding of the CCM value chain, infrastructure and players                  been part of the imaging
    - W ho are the CCM players (CIS manufacturers, CCM manufacturers, Optics manufacturers…)                industry since 1999. He
       and how they are related?                                                                             first took several positions at Thomson
 • To provide key technical insight and analysis about future technology trends and challenges:             TCS, which became Atmel Grenoble in
    - Manufacturing technologies: design structure                                                          2001 and e2v Semiconductors in 2006.
    - Device technologies: CCM application across markets                                                   In 2012 Pierre founded Vence Innovation,
                                                                                                             later renamed Irlynx, to bring to market
    - Technology focus on game changing areas such as OIS and dual cameras
                                                                                                             an infrared sensor technology for smart
COMPANIES CITED IN THE REPORT (non exhaustive list)                                                          environments and interactions. He has an
AAC Technologies, Ability Opto, AGC, Alps, Apple, Asia Optical, Brigates, BYD Microelectronics,              Engineering degree from Université de
Calin Technology, Cammsys, Cha Diostech, Chicony, Continental, Cowell Optics, Cresyn,                        Technologie de Compiègne and a Master
Crystal-Optech, Ddk, DJI, Foxconn, Fujifilm, Fujinon, Fujitsu, Galaxycore, Genius Optical, Google,           of Science from Virginia Tech. Pierre also
Gopro, Haesung Optics, Himax, Hirose, Hoya, Huawei, IM, Intel, Jawah, JSR, Kantatsu, Kinko                   graduated with an MBA from Grenoble
Optical, Kolen, Kyocera, Largan, Lenovo, LG Innotek, Liteon, Magna, Materion, Mcnex, Microsoft,              Ecole de Management. In 2014 he joined
Mitsumi, Mobileye, Nalux, New Shicoh, Nidec, NTK, O-Film, Omnivision, On Semiconductor,                      Yole Développement as Imaging Activity
Optis, Panasonic, Parrot, Partron, Pixart, Pixelplus, Powerlogic, Primax, Q-Tech, Ricoh, Samsung,            Leader.
Schott, Semco, Sharp, Sekonix, SK Hynix, Softkinetic, Sony, ST Microelectronics, Sunny Optical,
Sunex, Superpix, Suyin, TDK, Toshiba, Truly, Valeo, Viavi, Volvo, Xiaomi, Xperi, Zeiss , Zeon, Zte
and more…
 TABLE OF CONTENTS (complete content on i-Micronews.com)
 Report objectives and scope                    5      > Lens for CCM market share analysis                  Since 1966 Jean-Luc
 Methodology                                    7      > 2018 Autofocus and OIS for CCM revenue             Jaffard has made
                                                          market share                                       invaluable contributions
 Executive summary                             14      > Autofocus and OIS for CCM market share             to imaging activity at STMicroelectronics,
 Introduction                                  33         analysis
                                                                                                             working at the forefront of this business’s
                                                       > Analysis of the CCM ecosystem
   > Overall technology roadmaps                                                                             emergence and impressive growth. At
   > Camera module definition                         WLO industry focus                            79       STMicroelectronics’ Imaging Division, Jean-
   > Cost breakdown by resolution in $                 > 2012-2024 WLO volume shipment                      Luc was appointed Research Development
   >C ost breakdown by resolution in %                   forecast by market                                 and Innovation Director, managing a large
 Market forecast                               46      > 2012-2024 WLO revenue forecast                     multidisciplinary/multicultural team. Soon
                                                          by market
   > Segmentation                                                                                            after, he was promoted to Deputy General
                                                       > Ecosystem of the WLO industry
   > 2 012-2024 Volume shipment forecast
                                                       > Value chain of WLO industry                         Manager and Advanced Technology Director,
     by market                                                                                               in charge of identifying and developing
                                                       > WLO Application trend
   > 2 012-2024 Volume shipment forecast                                                                    breakthrough imaging technologies and
                                                       > WLO Technology trend
     by application                                                                                          transforming them into innovative, profitable
   > 2012-2024 ASP forecast by application            Application trends                            113
                                                                                                             products. In 2010 he was appointed
   > 2012-2024 Revenue forecast by market              > Mobile
   > 2012-2024 Revenue forecast by application                                                               STMicroelectronics’ Intellectual Property
                                                       > Other consumer markets
   > 2012-20204 Revenue forecast by component          > Automotive                                          Business Unit Director, and in January 2014
   > Value breakdown of the CCM market                 > Other high end markets                              he created Red Belt Conseil’s Technology
   > Analysis of the CCM market forecast                                                                     and Innovation branch.
                                                      Technology trends                            186
 Company ecosystem                             59      > Image sensor
   > Ecosystem of the CCM industry                     > Optics
   > Value chain of CCM industry                       > IR cut filter
   > Mobile camera supply chain                        > Connectors
   > Automotive camera supply chain                    > Packaging
   > 2018 CCM revenue market share                     > Autofocus and OIS
   > CCM market share analysis                         > Specific manufacturing equipment
   > 2018 Sensor for CCM revenue market share        Conclusions                                 221
   > Sensor for CCM market share analysis
   > 2018 Lens for CCM revenue market share           About Yole Développement                    223

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