Optical position sensor is used to detect the position of the targeted object. These sensors are widely used in the semiconductor modules and chips embedded in various consumer electronics, medical devices, aircrafts, and others.
The factors that drive the optical position sensor market are growth in demand for embedding smart functionality in consumer electronics, such as televisions, smartphones, medical devices, wearable devices, and others. moreover, rise in adoption of remote monitoring systems with the emerging concept of wearable medical devices and increase in use of optical position sensors to ensure passengers’ safety are the factors that fuel the market growth. However, reduced accuracy of sensors in extreme conditions restrains the growth of the market.
The report segments the optical position sensor market on the basis of type, application, and geography. Based on type, the market is segmented into one-dimensional optical sensor, two-dimensional optical sensor, and multiaxis optical sensor. According to application, the market is categorized into healthcare, automotive, consumer electronics, aerospace & defense, and others. Geographic breakdown and deep analysis of each of the segments is included for North America, Europe, Asia-pacific, and LAMEA.
The major players included in this report are first Sensors Ag, Siemens Ag, Panasonic Corporation, Opto Diode Corporation, Sharp Corporation, Micro-Epsilon, Balluff Gmbh, Sensata Technologies, Hamamastu Photonics K.K., And Melexis N.V
Potential benefits for stakeholders
Comprehensive analysis of the current trends and future estimations of the global optical position sensor market is provided.
The report presents a competitive scenario of the market along with growth trends, structure, drivers, scope, opportunities, and challenges.
The report includes a detailed analysis of the key segments to provide insights on the market dynamics.
Porter’s five forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages.
Optical Position Sensor Market Key Segmentation
One-Dimensional Optical Position Sensor
Two-Dimensional Optical Position Sensor
Multiaxial Optical Position Sensor
Aerospace & Defense
Rest Of Europe
Rest Of Asia-Pacific
1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology
1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools And Models
Chapter 2 Executive Summary
2.2 Market Snapshot
2.3 CXO Perspective
Chapter 3 Market Overview
3.1 Market Definition And Scope
3.2 Key Findings
3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets
3.3 Porters Five Forces Analysis
3.3.1 Low Bargaining Power Of Suppliers Due To High Number Of Suppliers And Moderate Switching Cost
3.3.2 Moderate Bargaining Power Of Buyer Due To High Demand, Moderate Availability Of Internal Substitutes And Moderate Players That Provide Quality Product
3.3.3 Internal Availability Of Substitutes And Moderate Cost Decreases Threat Of Internal Substitutes
3.3.4 Moderate Threat Of New Entrants Due To Presence Of Dominant Players, Moderate Initial Investment Cost And High Technological Requirement
3.3.5 Presence Of Numerous Players, Moderate Brand Loyalty, Low Switching Cost Decreases The Competition Among Rivalries
3.4 Market Share Analysis, 2015
3.5.1 It Is Used In Automobiles Safety And Assistance
3.5.2 It Is Incorporated In The Consumer Electronics
3.5.3 It Is Being Used For Virtual Assistance And Training
3.6.1 The Accuracy Should Be At The Atomic Level
3.6.2 No Standard Rules To Determine The Performance Of The Optical Position Sensor
3.7.1 Growing Use Of Wearable Technology In Medical Devices
Chapter 4 Global Optical Position Sensor By Type
4.2.1 Key Market Trends
4.2.2 Key Growth Factors And Opportunities
4.2.3 Market Size And Forecast
4.3.1 Key Market Trends
4.3.2 Key Growth Factors And Opportunities
4.3.3 Market Size And Forecast
4.4.1 Key Market Trends
4.4.2 Key Growth Factors And Opportunities
4.4.3 Market Size And Forecast
Chapter 5 Global Optical Position Sensor By Applications
5.2 Aerospace & Defence
5.2.1 Key Market Trends
5.2.2 Key Growth Factors And Opportunities
5.2.3 Market Size And Forecast
5.3.1 Key Market Trends
5.3.2 Key Growth Factors And Opportunities
5.3.3 Market Size And Forecast
5.4 Consumer Electronics
5.4.1 Key Market Trends
5.4.2 Key Growth Factors And Opportunities
5.4.3 Market Size And Forecast
5.5.1 Key Market Trends
5.5.2 Key Growth Factors And Opportunities
5.5.3 Market Size And Forecast
5.6.1 Key Market Trends
5.6.2 Key Growth Factors And Opportunities
5.6.3 Market Size And Forecast
Chapter 6 Global Optical Position Sensors Market By Geography
6.2 North America
6.2.1 Key Market Trends
6.2.2 Key Growth Factors And Opportunities
6.2.3 Market Size And Forecast
6.2.4 U.S. Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.2.5 Canada Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.2.6 Mexico Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.3.1 Key Market Trends
6.3.2 Key Growth Factors And Opportunities
6.3.3 Market Size And Forecast
6.3.4 United Kingdom Optical Position Sensors Market, ($Million), Growth By Revenue And Volume (%) 2014-2022
6.3.5 Germany Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.3.6 France Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.3.7 Italy Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.3.8 Rest Of Europe Optical Position Sensors Market By Revenue And Volume, ($Million), Growth (%) 2014-2022
6.4.1 Key Market Trends
6.4.2 Key Growth Factors And Opportunities
6.4.3 Market Size And Forecast
6.4.4 China Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.4.5 India Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.4.6 Japan Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.4.7 South Korea Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.4.8 Rest Of Asia Pacific Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.5.1 Key Market Trends
6.5.2 Key Growth Factors And Opportunities
6.5.3 Market Size And Forecast
6.5.4 Latin America Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.5.5 Africa Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
6.5.6 Middle East Optical Position Sensors Market, ($Million), Growth (%) 2014-2022
Chapter 7 Company Profile
7.1 First Sensors Ag
7.1.1 Company Overview
7.1.2 Company Snapshot
7.2 Siemens Ag
7.2.1 Company Overview
7.2.2 Company Snapshot
7.3 Panasonic Corporation.
7.3.1 Company Overview
7.3.2 Company Snapshot
7.4 Opto Diode Corporation.
7.4.1 Company Overview
7.4.2 Company Snapshot
7.5 Sharp Corporation
7.5.1 Company Overview
7.5.2 Company Snapshot
7.6.1 Company Overview
7.6.2 Company Snapshot
7.7 Balluff Gmbh.
7.7.1 Company Overview
7.7.2 Company Snapshot
7.8 Sensata Technologies
7.8.1 Company Overview
7.8.2 Company Snapshot
7.9 Hamamastu Photonics K.K.
7.9.1 Company Overview
7.9.2 Company Snapshot
7.10 Melexis N.V.
7.10.1 Company Overview
7.10.2 Company Snapshot
Optical position sensors are widely used in consumer electronics such as televisions, smart phones, medical devices, wearable devices, and others. Growth in demand for consumer electronic goods and increase in adoption of sensors in remote monitoring medical devices drive the market growth. Moreover, increase in demand for automated vehicles is expected to provide lucrative opportunities to market players.
Consumer electronics dominated the global optical position sensor market in 2015, accounting for about 50% of the global optical sensor market size. However, healthcare is expected to grow at the highest CAGR of 10.3% from 2016 - 2022, owing to increase in demand for durable devices with enhanced efficiency.
Multiaxial led the optical position sensor market in 2015, and is expected to maintain this trend throughout the forecast period. One-dimensional sensor segment is expected to witness significant growth, owing to their compact size and low power consumption.
Asia-Pacific was the major revenue contributor in 2015, and is expected to maintain its dominance in the future, owing to increase in number of electronic applications. The ongoing technological developments in consumer electronics and healthcare sectors are expected to boost the optical position sensor market growth, especially in the Asian countries, such as China, Japan, South Korea, and India.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to increase in portable appliances and rise in the adoption of sensors in automotive applications. Moreover, technological advancements to overcome dispersion issues in extreme conditions are projected to offer lucrative opportunities for market players.
KEY FINDINGS OF THE OPTICAL POSITION SENSOR MARKET STUDY
In 2015, multiaxial sensor dominated the global optical position sensor market, in terms of revenue, and is projected to grow at a CAGR of 9.2% from 2016 - 2022.
Consumer electronics led the market, accounting for about 50% revenue share in 2015.
China was the major shareholder in the Asia-Pacific optical position sensor market, constituting about 27% of the optical position sensor revenue in 2014.
Key players operating in the optical position sensor market have adopted product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include First Sensors AG, Siemens AG, Panasonic Corporation, Opto Diode Corporation, Sharp Corporation, Micro-Epsilon, Balluff GmbH, Sensata Technologies, Hamamastu Photonics K.K., and Melexis N.V.
- First Sensors Ag
- Siemens Ag
- Panasonic Corporation
- Opto Diode Corporation
- Sharp Corporation
- Balluff Gmbh
- Sensata Technologies
- Hamamastu Photonics K.K.
- Melexis N.V.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.