According to Cognitive Market Research, The Global Photoresistor market size will be USD 4 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030.
The demand for Photoresistors is rising due to the rise in automation and robotics sectors and a surge in demand for medical equipment and healthcare devices.
Demand for visible light-dependent resistors remains higher in the Photoresistor market.
The automatic switch control segment held the highest Photoresistor market revenue share in 2023.
Asia Pacific will continue to lead and will experience the strongest growth until 2030.
