Image Sensor Market Size

Image Sensor Market size is poised to reach USD 76 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of image sensor was USD 22 Billion. The market growth is driven by the emerging use of image sensors in healthcare. In healthcare, image sensors are being used for medical imaging, including X-rays, CT scans, and ultrasounds. For instance, the handheld X-ray system from United Imaging Healthcare provides accurate 3D breast imaging while offering high breast biopsy efficiency. These sensors enable high-quality imaging with a low radiation dose, making them a safer and more effective alternative to traditional imaging methods.

In addition, as the demand for higher resolution in electronic devices increases, image sensor manufacturers are working to develop image sensors with smaller sizes but higher resolution, which is more cost-effective. This is expected to drive the growth of the image sensor market over the forecast period.