Semiconductor

  Market Overview The Image Sensor market is expected to grow at a significant rate with a CAGR of 10% during the forecast period. Rising demand for camera-enabled mobile phones, low power consumption and compactness of CMOS image sensors, and increased use of image sensors in biometric applications are among the primary growth drivers of the image sensor market. However, among other things, excessive power consumption in CCD image sensors and a declining market for digital still cameras are limiting the growth of the image sensor market. COVID-19's recent outbreak is predicted to have a substantial influence on the market this year. It is expected to continue to harm the first two quarters of next year, as global supply chains have been severely disrupted, owing to limitations on the movement of goods and employees. Employees are also seeing compensation cuts as a result of companies' significant economic downturn across industries. This could have a direct influence on the bu...