Image Sensors Market - Forecast(2022 - 2027)
Image Sensors market – Overview The Global Image Sensors market size accounted $18 billion in 2020 and is anticipated to witness significant market growth with CAGR of 8% during forecast period 2021 to 2026. An image sensor is a photosensitive electrical device that detects pictures and transmits data to a monitoring system. Better picture quality, superior frame rate, dynamic range, decreased noise, lower dark current, and low power consumption are all potential benefits of these sensors for customers. The evolution of image sensors in the global market has been fuelled by technical developments and the widespread use of pictures in numerous applications. Sensing equipment has grown cheaper, smaller, and more energy-efficient as a result of increased R&D spending, providing possibilities for industry participants. The expanding mobile phone sector, particularly smartphones, is expected to drive segment growth, over the projected period. The growing requirement for better resol