Optical Sensor Market on Track to Hit USD 53.2 Billion by 2031, Driven by Rising Demand Across Industries
The optical sensor market is experiencing robust growth, driven by increasing demand for centralized computing, the expansion of remote work environments, and the rising need for cost-effective IT infrastructure solutions. The market is projected to expand at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2031, reaching an estimated value of USD 53.2 billion by the end of the forecast period.
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