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Latin America Light Sensor Market - Industry Analysis on Size, Share, Trends, Growth & Forecast Report | 2022 to 2027

Published: March, 2023
ID: 9383
Pages: 110
Formats: report pdf report excel report power bi report ppt

Latin America Light Sensor Market Analysis Report (2021 - 2026)

The insights and size of the Latin America Light Sensors Market are expected to grow at a considerable way during the forecast period of 2021 - 2026.

Light Sensors, also known as Photodetectors, photosensors, and sensors of light or other electromagnetic radiation, is a photodetector that converts the light photons into the current. These absorbed light photons make electron-hole pairs in the region of depletion. Photodiodes and phototransistors are a few models of the photodetectors. Also, the solar cells convert some of the light energy, that was absorbed, into electrical energy. While after conversion of this light it into the electrical energy, radiant heat which is present within the frequency spectrum source of infrared to ultraviolet light that is again can be measured by these devices.

In the global light sensors market, there are numerous types of light sensors that are available, which include photomultiplier tubes, photoresistors, photovoltaic cells, phototransistors, phototubes, photodiodes or the other charge-coupled devices. The Light Dependent Resistors are commonly known as photoresistors that are used as a light sensor within a circuit. The growth of the light sensors market in Latin Market is attributed to the rising integration of these light sensors in various electronic devices.

Recent Developments

  • NEC Corporation and Sharp Corporation, leading players 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.

  • STMicroelectronics, a global semiconductor leader that is offering services to customers across the spectrum of electronics applications, has announced that it has signed an agreement for acquiring the majority stake in French Gallium Nitride (GaN) innovator Exagan.  

Drivers and Restraints of Latin America Light Sensor Market

The increase in the applications of digital devices that get connected through the IoE networks that enhances the experience of citizens and businesses while enhancing city-wide sustainability and also the performance initiatives making way for newer applications of light sensors are the major drivers for the growth of the Latin America Light Sensors Market.

Also, the growth of the light sensors market in Latin America in the forecast period is due to the availability of cheap labor along with growing investments in foreign, progression in the technological aspects coupled with the organizational advancements which are boosting the demand for the light sensors.

Market Segmentation of Latin America 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: Latin America Light Sensor Market is segmented into Discrete and Combination.

  • By Application: Automotive, Consumer Electronics, Healthcare, Industrial, Entertainment, Home automation, and Security.

  • By Region: Brazil, Mexico, Argentina, Chile & Rest of LATAM

In the regional analysis of the Latin America Light Sensor Market, Brazil's market held a significant share in the revenue aspects. The growth of the target market in this region is attributed to the occurrence of more than 90% penetration of smartphones where the growing number of smartphone shipments further boosting the growth and the applications of light sensors. Argentina and Mexico are the other prominent areas in this regional market, after Brazil.

The key players of the Latin America 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.

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