Image Sensor Market AnalysisAccording to a new report by Market Research Future (MRFR), the global image sensor market is expected to touch a revenue of USD 19,615 million by 2023.
The market is anticipated to witness 14 % CAGR during the assessment period (2017-2023) owing to the growing demand for camera-enabled cell phones.
Image sensor being one of the most lucrative businesses is the company’s primary focus area.Drivers and Restraints Affecting the MarketThe emerging trend in image sensor market is its application in several industries.
For instance, Sony Corporation has come up as a separate company for profitable image sensor division.
Samsung has also developed an advanced pixel technology in CMOS image sensor called ISOCELL.
In order to meet the growing demand of image sensor in high-end photography, mobile imaging, and security and surveillance application, the company has converted one of its water fabrication lines into CMOS sensors.Owing to the growing demand for low power consumption, camera enabled mobile phone, growing use in biometric applications, and compactness of CMOS image sensor, the global market for image sensor is likely to propel over the forecast period.