Optical Sensor Market to reach US$ 3.2 Bn by 2027 - TMR
The optical sensor market is charting an impressive growth, catalyzed by the quest of numerous end-use industries for a future-benign revolution. According to a latest study published by Transparency Market Research (TMR), the optical sensor market will record a value tantamount to ~US$ 1.4 Bn in 2019, and will advance at a CAGR of ~11% during 2019-2027. The need for high Internet speed to facilitate seamless operations of IoT devices is projected to exert a strong influence on the landscape.