Image Sensors Market To Advance at CAGR of 6.2%
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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. ADAS also includes the lane departure warning (LDW) system...