Optical Sensor Market Overview
The growing consumer electronics industry across the globe creates a lucrative opportunity for the global optical sensor market growth, owing to the rising demand for tablets, smartphones, voice assistant devices, and smartwatches. With the rising integration of building automation systems, biometric authentication in smartphones, as well asimage sensors in driver assistant systems in the automotive industry, the demand for of optical sensors is predicted to soar.
Based on product type, the optical sensor market has been categorized into ambient light and proximity sensor, fiber optic sensor, image sensor, photoelectric sensor, and others. Others include safety sensor, motion sensors, and infrared detectors. Among these, the photoelectric sensor category is expected to grow at the highest rate during the forecast period (2020–2030), on account of the high deployment rate of these instruments in robotics and building automation systems.
On the basis of output, the optical sensor market has been bifurcated into analog and digital variants. Between the two, the digital bifurcation is expected to register faster growth during the forecast period. Digital optical sensors offer higher reliability, energy efficiency, performance, ease of designing, and compactness, anddue to these factors, their demand is expected to increase in the coming years.
By integration, the optical sensor market has been bifurcated into discrete and combination, of which the combination bifurcation held the larger market share in 2019. Moreover, it is expected to register faster growth during the forecast period, which can be attributed to the increasing usage of combination optical sensors in low- and mid-range smartphones.
On the basis of application, the optical sensor market has been categorized into biometric & ambient light sensing, biomedical sensing, fiber optic chemical sensing, temperature sensing, radiation detection, displacement & position sensing, acoustic field & vibration sensing, pressure & strain sensing, geographical survey, and metrology. Among these, the ambient light sensing category held the largest share in 2019. The major factor driving the growth of the market in the ambient light sensing category is the rising demand for energy-efficient solutions in smartphones and other consumer electronics and building automation applications. This can also be attributed to the increasing use of ambient sensors in automobiles, for the automatic dimming of headlamps and increaeing the visibility during adverse conditions.
On the basis of end user, the optical sensor market has been categorized into aerospace and defense, automotive, building automation, chemical, consumer electronics, food and beverage, manufacturing, material handling, healthcare, security and surveillance, and others. Among these, consumer electronics held the largest share in the market in 2019.The demand for optical sensors in the market is expected to be driven by the fast-changing technology and increasing demand for energy-efficient smartphone, tablets, laptops, televisions, and digital displays, especially in the Asia-Pacific (APAC) region, in the near future. Further, the growing user base of smartphones around the globe is one of the major driving factors for the market in the consumer electronics end-user category. The automotive industry is expected to grow at the highest rate during the forecast period, on account of the increasing use of optical sensors in advanced driver assistance systems (ADAS) and other applications.
On the basis of region, North America held the largest share of the overall optical sensor market during the forecast period. The key driving factors for the regional market are the increasing use of fiberoptic sensors in the oil & gas, rising demand for consumer electronics, and expanding manufacturing industry in the region. The APAC region is expected to witness the highest growth rate in the coming years. The surging demand for smartphones and other consumer electronics in countries such as China and Indiais the major contributor to the industry growth in this region.
Optical Sensor Market Dynamics
Growth Drivers
The global optical sensor market is growing with a rapid pace across the globe due to the increasing demand for smartphones, laptops, tablets, and other portable devices. Because of the flexibility, compactness, and low weight of optical sensors, the provision of functions such as automatic brightness control, 3D mapping, restore recognition, and biometric authentication, in smartphones has become possible, which has, in turn, fueled the demand for optical sensors. For instance, the Indian smartphone market registered a growth of 7% YoY in 2019.
The rising deployment of building automation systems in office buildings, shopping complexes, andpublic transport spaces, such as railway stations and airports, because of the increasing need for energy-efficient lighting, is driving the growth of the optical sensor market. This growth is augmented by the high significance of automation inend-use industries, including automotive, consumer electronics, oil and gas, industrial manufacturing, and aerospace and defense.These building automation solutions allow owners to monitor and reduce the energy consumption, in addition to controlling the lighting. Additionally,the autonomous car market is currently growing at an exponential rate, and the industry uses optical sensors to detect the edges of the road, position of curbs, nearby vehicles while parking, large objects, and many such other functions, to reduce the burden on the driver and increase safety.
Optical Sensor Market Competitive Landscape
To harness the full potential of optical sensors, and, in turn, increase their global market share, the key optical sensor market players are now focusing on product launches. For instance, in January 2020 ams AG introduced the CGSS130 image sensor, which enables 3D optical sensing applications, such as face recognition and payment authentication, at a much lower power than alternative instruments.
Some of the key players operating in the globaloptical sensor marketare ams AG, Broadcom Inc, HTM Sensors, Keyence Corporation, Lite-On Technology Corporation, ON Semiconductor Corporation, Panasonic Corporation, Rockwell Automation Inc., ROHM Co. Ltd., SICK AG, Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation, andVishay Intertechnology Inc.
The report also provides a country-wise analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., Germany, France, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Mexico, Brazil, South Africa, Turkey, the U.A.E., and Saudi Arabia.
Optical Sensor Market Size Breakdown by Segment
The optical sensor market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Product Type
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Ambient Light and Proximity Sensor
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Fiber Optic Sensor
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Image Sensor
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Photoelectric Sensor
Based on Output
Based on Integration
Based on Application
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Biometric & Ambient Light Sensing
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Biomedical Sensing
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Fiber Optic Chemical Sensing
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Temperature Sensing
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Radiation Detection
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Displacement & Position Sensing
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Acoustic Field &Vibration sensing
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Pressure & Strain Sensing
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Geographical Survey
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Metrology
Based on End user
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Aerospace and Defense
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Automotive
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Building Automation
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Chemical
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Consumer Electronics
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Food and Beverage
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Manufacturing
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Material Handling
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Healthcare
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Security and Surveillance
Geographical Analysis
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North America
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Europe
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U.K.
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Germany
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France
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Italy
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Spain
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Russia
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Asia-Pacific (APAC)
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China
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Japan
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India
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South Korea
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Australia
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Latin America (LATAM)
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Middle East & Africa (MEA)
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South Africa
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Turkey
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U.A.E.
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Saudi Arabia
