Global Image Detection Sensors Market to Reach $42 Billion by 2030
The global market for Image Detection Sensors estimated at US$26.6 Billion in the year 2023, is expected to reach US$42 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. CMOS Technology, one of the segments analyzed in the report, is expected to record a 7.5% CAGR and reach US$19.3 Billion by the end of the analysis period. Growth in the CCD Technology segment is estimated at 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 11% CAGR
The Image Detection Sensors market in the U.S. is estimated at US$7.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.8 Billion by the year 2030.
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