The image sensors market stood at $15,934.8 million in 2017, and it is expected to generate more than $23,200.0 million by 2023. The market is advancing at a CAGR of 6.2% during 2018–2023 (forecast period). The growth is driven by the increasing application of image-sensing devices in biometrics, growing demand for dual-camera mobile phones, and advancements in low-power and compact image sensors based on the complementary metal-oxide-semiconductor (CMOS) technology.

The major demand for imaging solutions is generated from the automobile and medical device sectors. The automotive industry is creating a high demand for image sensors for advanced driver-assistance systems (ADAS), to enhance road safety. ADAS encompasses different semiconductor units that include radio detection and ranging (RADAR)- and light detection and ranging (LiDAR)-integrated cameras and sensors, to help drivers in getting images of their surroundings.

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ADAS also includes the lane departure warning (LDW) system to warn the driver while moving out of the lane. This increasing application of image sensors in automobiles will add to the image sensors market growth in the forecast years. The continuous developments in the CMOS imaging design, technology, and fabrication are the current market trends. Consolidation of the circuit design is the common process of maximizing trade-offs between limiters.

By employing this process, CMOS imaging technology developers are manufacturing products that are ideal for machine vision applications. Recent developments in the CMOS technology have notably improved the signal-to-noise ratio (SNR) levels in high-speed machine vision applications, which are better than those of the charge-coupled device (CCD), in terms of cost, performance, and functionality.

This market research report provides a comprehensive overview of the image sensors market

Historical and the present size of the image sensors market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential