Growing At A CAGR Of Over 9%, Image Sensor Market Is Expected To Reach USD 24.91 Billion By 2024 | TechSci Research
Global Image Sensor Market is expected to reach USD 24.91 Billion by 2024, growing at a CAGR of over 9% during 2014-2024. The major factors driving the growth of the market are increasing trend of contraction and dual camera in smartphones, increasing penetration of image sensors in automobiles and growing demand for improved medical imaging solutions. Based on processing type, the market is segmented into 2D and 3D image sensors. The 3D image sensor segment is expected to grow at the highest CAGR during 2014-2024 since, 3D image sensors find its application in ADAS, computer vision and many more and the growing trend of artificial intelligence in smartphones will also boost the demand for 3D sensors. Based on region, in 2018, the APAC held the largest share of the image sensor market since APAC is the largest market of consumer electronics application, which includes smartphones, cameras, computers and wearable electronics. The key players of the image sensors mark...