The size and share of the Asia-Pacific Light Sensors Market is anticipated to grow in a significant way during the forecast period. It is estimated that the light sensor market in this region is going to get valued around USD 27,765 Million by 2026, recording CAGR of around 13.8% during the forecast period of 2021-2026.
A light sensor is an electronic device that is used to detect light, which is also known as photodetectors, photosensors, and others. There are several types of light sensors, whereas a photocell or photoresistor is a small sensor that changes its resistance when light shines upon it. These light sensors detect the light density but do not record images as they absorb it. These absorbed light photons make electron-hole pairs in the region of depletion. Photodiodes and phototransistors are a few models of the photodetectors.
The growth of the target market in this region is attributed to the extensive adoption of light sensors in sectors such as consumer display devices or portable devices comprising tablets, mobiles, and monitors, among others. Also, the establishment of low energy consumption, coupled with easy integration, is together fuelling the growth of the market. On the globe, the Asia Pacific region held for one of the largest manufacturers of these sensors and smartphones or other display devices where there are a number of applications for light sensors.
STMicroelectronics, a global leader in electronics applications, announced that it had signed an agreement for acquiring the majority stake in French Gallium Nitride (GaN) innovator Exagan.
NEC Corporation and Sharp Corporation, a leading player in the light sensors market, are in agreement for creating a joint venture by combining NEC Display Solutions, Ltd. which is a subsidiary of NEC, with Sharp.
Drivers and Restraints of Asia-Pacific Light Sensor Market
The rapid adoption of light sensors in various sectors like consumer display devices or portable devices comprising tablets, mobiles, and monitors, among others is the primary factor that was driving the Asia-Pacific Light Sensors.
Also, the factors such as the growing innovations that are made using light-sensing technologies, companies working on improving night vision using unique lenses that are specially designed for usage in low-light, and the advancements to deliver a solid-state imaging device, which has higher sensitivity are boosting the growth of the light sensors market in Asia-Pacific.
Market Segmentation of Asia-Pacific Light Sensor Market as per the research report
By Function Type: Ambient light sensing, Proximity detection, RGB Color sensing, Gesture recognition, and UV/IR detection.
By Output: Analog and Digital.
By Integration: Discrete and Combination.
By Application: Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, Home automation, and Security.
By Region: India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC. In the regional analysis of the Asia-Pacific Light Sensors Market, China, India, Japan, South Korea, and Australia have garnered a significant share of the market's revenue. The growth of the light sensors market in these countries is attributed to the presence of a large number of sensor manufacturers, along with the rising demand for advanced display features.
The key players of the Asia-Pacific Light Sensor Market include AMS AG, Broadcom Inc., Sharp Corporation, STMicroelectronics N.V., Vishay Intertechnology Inc., ELAN Microelectronic Corp., Everlight Electronics Co. Ltd., Maxim Integrated Products Inc., Sitronix Technology Corporation, and ROHM Co. Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 proximity detection
5.1.3 gesture recognition
5.1.5 Y-o-Y Growth Analysis, By function
5.1.6 Market Attractiveness Analysis, By function
5.1.7 Market Share Analysis, By function
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By function
22.214.171.124 By Application
126.96.36.199 By Indication
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By function
220.127.116.11 By Application
18.104.22.168 By Indication
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By function
188.8.131.52 By Application
184.108.40.206 By Indication
6.3.6 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Avago Technologies Inc.
8.4 Elan Microelectronics Corp
8.5 Everlight Electronics Co
8.7 Maxim Integrated Products Inc
8.8 ROHM Co., Ltd
8.9 Sharp Corporation
8.10 Sitronix Technology Corp
8.11 STMicroelectronics NV
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of by Function by Output, by Integration along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Asia-Pacific Light Sensors Market By Region, From 2021-2026( USD Billion )
Asia-Pacific Light Sensors Market By function, From 2021-2026( USD Billion )
Asia-Pacific proximity detection Market By Region, From 2021-2026( USD Billion )
Asia-Pacific gesture recognition Market By Region, From 2021-2026( USD Billion )
Asia-Pacific others Market By Region, From 2021-2026( USD Billion )
Asia-Pacific Light Sensors Market By Application, From 2021-2026( USD Billion )
Asia-Pacific Automotive Market By Region, From 2021-2026( USD Billion )
Asia-Pacific industry Market By Region, From 2021-2026( USD Billion )
Asia-Pacific others Market By Region, From 2021-2026( USD Billion )