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Optical Sensors Market - Forecast (2020 - 2025)

  • ID: 3652152
  • Report
  • March 2020
  • Region: Global
  • 105 pages
  • IndustryARC
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The Global Optical sensors market is growing rapidly across various countries due to the increase in the demand for smart phones and tablets. The market recorded revenue of $25.65billion in 2017 and is estimated to grow at a CAGR of 8.99% throughout the forecast period 2018-2023. The growth is exclusively due to the increasing emphasis on building automation along with rising demand from the automotive, industrial, consumer electronics and defense industries where the government regulations surrounding safety have been increasing the deployment of these sensors thereby augmenting the market growth.

Image sensors segment has dominated the optical sensors market by collecting annual revenue of approximately $14billion in 2017 and is projected to grow at a CAGR of 9.70% throughout the forecast period. Asia-Pacific region dominated the market with the contribution of $9.50billion in 2017 and is estimated to grow steadily at a CAGR of 10.46% during the forecast period owing to the increasing number of manufacturing and processing industries coupled with the increasing automation rate especially in the countries like India, China, Japan and South Korea.

What is Optical Sensor?

Optical sensor refers to a device which converts light or the infrared rays to electronic signals. Optical sensors are widely being used for various advanced applications such as occupancy sensing, gesture recognition, smart heating and lighting. Optical sensors are commonly used as sensing element in order to the process the electronic signals. The different types of optical sensors include light sensors, photoelectric sensors, image sensors, infrared detectors, motion sensors, position sensors and many more.

The increasing adoption of automation across diverse sectors such as manufacturing, aerospace and defense, oil and gas is driving the growth of the global optical sensors market rapidly. Moreover, optical sensors possess various benefits such as flexibility, compactness and lightweight owing to the adoption of these devices in the end user industries.

What are the major applications for Optical Sensors?

The applications for optical sensors include Ambient Light Sensor which is mostly seen on mobile phones. It enhances easy to view display which is optimized by the environment and extends battery life. Other applications include Fiber optic sensor, Opto sensor, Ultrasonic sensor, Temperature sensor, Liquid level indicator, Pressure, Humidity, Rotation, pH level indicator, Displacement (position) and many more. The end users include Aerospace and Defense, Building Automation, Consumer Electronics, Manufacturing, Office Equipment, Security & Surveillance, Wireless Communications and more.

Optical Sensors Market

Market Research and Market Trends of Optical Sensors

Recent study indicates that the US military researchers are working with few companies in developing technologies for future light detection and ranging (LIDAR) electro optical sensor systems. Modular Optical Aperture Building Blocks (MOABB) intend to develop enabling technologies for a small lightweight electro-optical sensor using free space optical technology with ultra-low size, weight and cost with faster beam scanning speeds. These kind of optical sensors are mainly used in Aerospace and Defense. The market growth for Aerospace and Defense depends on economics, politics and government regulations. Due to the dramatic growth of US market in this sector, the optical sensors industry is going to benefit and estimated to generate huge revenue and will have great impact in the future.

The latest development in the industry is the use of optical sensors in autonomous cars, in order to keep an eye on surroundings. The optical sensors based on LEDs and infrared lasers are one of the key technologies for advanced driver assistance systems to gradually reduce the burden on the driver. These sensors are mainly used in the driver assistant systems as the Parking assistant, Lane Keeping assistant, Stop and Go assistant or Emergency brake assistant. The application of optical sensors in automotive industry is considerably growing especially with the usage of image sensors due to the advancement of technology. The image sensors market in automotive industry is estimated to grow rapidly due to its extensive image applications in the automotive sector.

The recent development in chemical industry is the usage of fiber optical chemical sensors for the detection of harmful chemicals. The sensor uses optical fiber as the identifying element or as a means of relaying signals from a remote sensor to the extrinsic sensor. These kind of sensors has numerous applications such as clinical, organic, inorganic, environmental and biomedical analysis, industrial production and bioprocess control, which involves an intrinsic color or fluorescence. Other applications include, measuring petroleum constituents, benzene, xylenes and toluene. The use of fiber optical chemical sensor in the chemical industry can drive the market rapidly in the future, and also due to the availability of low cost, miniature opto electric sources.

Who are the Major Players in Optical Sensors market?

The companies referred to in the market research report includes Hamamatsu Photonics K.K. Baumer Electric Ag, Sofradir Ec Inc., Vigo System S.A., Carlo Gavazzi Automation Spa, Teledyne Dalsa, Aptina Imaging and more than 25 companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Please Note: The report is to be delivered in 1-2 working days after an order is placed.
Note: Product cover images may vary from those shown
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1. Optical Sensors Market - Overview
1.1. Definitions and Scope

2. Optical Sensors Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Optical Sensors Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 8 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 8 companies
3.1.4. Patent Analysis - Top 8 companies
3.1.5. Pricing Analysis

4. Optical Sensors Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. Optical Sensors Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Optical Sensors Market – By Light Source (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Light Emitting Diode (LED)
6.3.2. Light Amplification by Stimulated Emission Radiation (LASER)

7. Optical Sensors Market – By Product type (Market Size -$Million / $Billion)
7.1. Position Sensors
7.2. Light Sensors
7.3. Image Sensors
7.4. Photoelectric Sensors
7.5. Photo Detectors
7.6. Safety Sensor
7.7. Motion Sensors
7.8. Infrared Detectors
7.9. Through-Beam Sensors
7.8. Retro-Reflective Sensors
7.11. Diffuse Reflection Sensors

8. Optical Sensors Market – By Application (Market Size -$Million / $Billion)
8.1. Ambient Light Sensor
8.2. Fiber Optical Chemical sensor
8.3. Liquid Level Indicator
8.4. Temperature Sensor
8.5. Radiation Sensor
8.4. Magnetic fields
8.5. Magnetic fields
8.6. Acoustic field
8.7. Humidity
8.8. Velocity
8.9. Strain
8.10. Force
8.11. Pressure
8.12. Vibration
8.13. Rotation
8.14. Displacement
8.15. pH Level Indicator

9. Optical Sensors – By End Use Industry(Market Size -$Million / $Billion)
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis by Type
9.3.1. Aerospace And Defense
9.3.2. Automotive
9.3.3. Building Automation
9.3.4. Chemical
9.3.5. Consumer Electronics
9.3.4. Food & Beverage
9.3.5. Manufacturing
9.3.6. Material Handling
9.3.7. Medical & Scientific Devices
9.3.8. Office Equipment
9.3.9. Packaging
9.3.10. Paper & Print
9.3.11. Security & Surveillance
9.3.12. Wireless Communications

10. Optical Sensors - By Geography (Market Size -$Million / $Billion)
10.1. Optical Sensors Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Optical Sensors - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Optical Sensors - Europe Segment Research
10.4. Europe Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.5. Optical Sensors – APAC Segment Research
10.6. APAC Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia

11. Optical Sensors Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships

12. Optical Sensors Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Hamamatsu Photonics K.K
12.3. Baumer Electric Ag
12.4. Sofradir Ec Inc.
12.5. Vigo System S.A.
12.4. Carlo Gavazzi Automation Spa
12.5. Teledyne Dalsa
12.6. Aptina Imaging

13. Optical Sensors Market -Appendix
13.1. Abbreviations
13.2. Sources
Note: Product cover images may vary from those shown
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