The global light sensors market size reached US$ 3.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.
Light sensors measure radiant energy that ranges in frequency from infrared (IR) to ultraviolet (UV) light spectrum and converts it into electrical signals. These sensors can be connected to a sprinkler system to help farmers keep crops hydrated. They can also be used with weather-monitoring equipment to optimize the watering schedule. As they are versatile and economical, they are utilized in freight shipping to track cargos to detect the change in light exposure whenever a container is opened. Other than this, light sensors find application in modern smartphones, computers, television (TV) remotes, automobiles and streetlamps to adjust the brightness and turn on the lights automatically.
Due to inflating disposable incomes, individuals are spending more on domotics or home automation, which represents one of the key factors impelling the market growth. Moreover, governments of various countries are investing in the development of smart cities, which is acting as another major growth-inducing factor. Furthermore, wide applications of light sensors in barcode scanners, Quick Response (QR) codes and intrusion detection systems (IDS) are bolstering the market growth. Besides this, pulse oximeters, which are incorporated with light sensors, are gaining popularity worldwide as they are being used to measure the oxygen saturation level in the coronavirus disease (COVID-19) patients. Recently, a research team from Empa, ETH Zurich and Zurich University Hospital has started working on designing a sensor that can measure the concentration of the new coronavirus (SARS-CoV-2) in the environment. The device can measure the virus concentration in the air by using localized surface plasmon resonance (LSPR) technology, which relies on an optical sensor. These technological advancements and new product developments along-with the increasing industrial automation, and collaborations and partnerships in the industry are expected to drive the market further.
Light sensors measure radiant energy that ranges in frequency from infrared (IR) to ultraviolet (UV) light spectrum and converts it into electrical signals. These sensors can be connected to a sprinkler system to help farmers keep crops hydrated. They can also be used with weather-monitoring equipment to optimize the watering schedule. As they are versatile and economical, they are utilized in freight shipping to track cargos to detect the change in light exposure whenever a container is opened. Other than this, light sensors find application in modern smartphones, computers, television (TV) remotes, automobiles and streetlamps to adjust the brightness and turn on the lights automatically.
Due to inflating disposable incomes, individuals are spending more on domotics or home automation, which represents one of the key factors impelling the market growth. Moreover, governments of various countries are investing in the development of smart cities, which is acting as another major growth-inducing factor. Furthermore, wide applications of light sensors in barcode scanners, Quick Response (QR) codes and intrusion detection systems (IDS) are bolstering the market growth. Besides this, pulse oximeters, which are incorporated with light sensors, are gaining popularity worldwide as they are being used to measure the oxygen saturation level in the coronavirus disease (COVID-19) patients. Recently, a research team from Empa, ETH Zurich and Zurich University Hospital has started working on designing a sensor that can measure the concentration of the new coronavirus (SARS-CoV-2) in the environment. The device can measure the virus concentration in the air by using localized surface plasmon resonance (LSPR) technology, which relies on an optical sensor. These technological advancements and new product developments along-with the increasing industrial automation, and collaborations and partnerships in the industry are expected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global light sensors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on function, output, integration and end use industry.Breakup by Function:
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- UV/Infrared Light (IR) Detection
Breakup by Output:
- Analog
- Digital
Breakup by Integration:
- Discrete
- Combination
Breakup by End Use Industry:
- Consumer Electronics
- Automotive
- Home Automation
- Industrial Automation
- Healthcare
- Entertainment
- Others
Breakup by Region:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ams AG, Apple Inc., Broadcom Inc., Everlight Electronics Co. Ltd., Maxim Integrated Products Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation (Foxconn Group), Sitronix Technology Corp., STMicroelectronics SA, Texas Instruments Incorporated and Vishay Intertechnology Inc.Key Questions Answered in This Report:
- What was the size of the global light sensors market in 2022?
- What is the expected growth rate of the global light sensors market during 2023-2028?
- What are the key factors driving the global light sensors market?
- What has been the impact of COVID-19 on the global light sensors market?
- What is the breakup of the global light sensors market based on the function?
- What is the breakup of the global light sensors market based on the output?
- What is the breakup of the global light sensors market based on integration?
- What is the breakup of the global light sensors market based on the end use industry?
- What are the key regions in the global light sensors market?
- Who are the key players/companies in the global light sensors market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Light Sensors Market
6 Market Breakup by Function
7 Market Breakup by Output
8 Market Breakup by Integration
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ams AG
- Apple Inc.
- Broadcom Inc.
- Everlight Electronics Co. Ltd.
- Maxim Integrated Products Inc.
- ROHM Co. Ltd.
- Samsung Electronics Co. Ltd.
- Sharp Corporation (Foxconn Group)
- Sitronix Technology Corp.
- STMicroelectronics SA, Texas Instruments Incorporated and Vishay Intertechnology Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 3.2 Billion |
| Forecasted Market Value ( USD | $ 5.7 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
