Sensors contain millions of “photosites,” essentially buckets which capture the light coming through the DSLR's lens. The light is converted to an electric signal which gets measured, optimized, and converted to a digital image by the DSLR's processor.
The size of the buckets (photosites) is important to the sensor's sensitivity and its ability to accurately gather light in a variety of lighting conditions. Bigger buckets are better than smaller ones, because more light can be stored in them, without getting over-filled. Bigger buckets have a lesser tendency to impart noise into the image.