Constant innovations and developments in technology are leading the market for lighting and electrical industry to come up with different and varied applications in consumer electronics, automotive, and industrial machineries. Increasing demand for consumer electronics such as smartphones and tablets and the growing market for in-built proximity sensors and gesture recognition has led to a huge demand for light sensors from the automotive sector, thereby boosting the growth of light sensors market, globally.
Driving Factors and Restraints
The significant growth of the global market for light sensors can be primarily attributed to the following factors:
- Rising implementation of light sensors in consumer electronics such as smartphones and tablets
- Advancing automotive sector
- Increasing adoption of smart home technology and outdoor lighting
Moreover, increasing focus of manufacturers on saving energy by light sensors is anticipated to further boost its adoption rate in the industrial sector. Furthermore, automation in machine vision is expected to open the doors for large number of opportunities for the growth of this market in the near future. However, the market may face some challenges that may slowdown the growth of this market. Low light sensing capabilities and low-cost sensors stand as major deterrents for the market growth. Moreover, growing demand for miniaturization of sensors is another major challenge likely to be faced by the market players.
Market Overview
Projected to grow at a CAGR of 9.3% during the forecast period, the global light sensors market which was valued at USD 1.08 Billion in 2015 is expected to reach USD 2.14 Billion by the end of 2022. Geographically, Asia-Pacific is expected to hold the largest market share, growing at a high CAGR between 2016 and 2022, owing to the increasing adoption of handheld devices with in-built light sensors.
Based on application, the consumer electronics segment is expected to hold the largest market share, whereas the automotive sector is expected to grow at a high CAGR over the forecast period 2016-2022.
The prominent players operating in the global market for light sensors include ams AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (U.S.), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Vishay Intertechnology, Inc. (U.S.) among others.
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Research Scope
The analysis and predictions for the global market for light sensors has been done by splitting it into following segments and sub-segments:
- Function: Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition, UV/IR Detection
- Output: Analog, Digital
- Integration: Discrete, Combination
- Application: Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, Home Automation, Security
- Geography: Americas, Europe, Asia-Pacific, RoW
