Image Sensor Market Size, Industry Growth at a CAGR of 8.1%

From GlobeNewswire: 2024-05-08 21:30:00

The Image Sensor Market is expected to grow to USD 38.6 billion by 2027, driven by the increasing demand for ADAS in cars and multiple cameras in mobile devices. Sony, Samsung, and Panasonic are some key players in the industry. The rise in smartphone cameras has boosted image sensor sales, but automobile manufacturers are leaning towards LiDAR technology. Innovations in image sensors offer growth opportunities, but manufacturers face challenges with the fast-paced smartphone market.



Read more at GlobeNewswire: Image Sensor Market Size, Industry Growth at a CAGR of 8.1%