According to Frost & Sullivan, the total sensors market in security and surveillance applications, which includes such sensors as image, LiDAR, RFID, motion, gesture, biometric, sound, flame detection, smoke detection, biosensor, gas, and explosion detection, was worth just north of $6.2 million in 2016, with image sensors holding the largest market share at 23 percent. By 2023, the market is expected to be nearly double that at just over $12 million.
Frost & Sullivan predicts the market will reach just over $12M by 2023
