Global Light Sensors Market Size, Share, Trends, & Growth Forecast Report – Segmented By Function (Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition and UV/Infrared Light (IR) Detection), Production (Analog Output and Digital Output), By Integration (Discrete and Combination), End-User (Automotive, Industry, Security, Health, Entertainment and Consumer Electronics) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 8625
Pages: 170

Global Light Sensors Market Size (2024 to 2029)

The size of the global light sensors market was worth USD 2.77 billion in 2023. The global market is anticipated to grow at a CAGR of 10.9% from 2024 to 2029 and be worth USD 5.15 billion by 2029 from USD 3.07 billion in 2024.

Analysts predict the global light sensors market will attain a value of USD 5.15 billion by 2029

Current Scenario of the Global Light Sensors Market

Light sensors are electronic devices used to detect light. These sensors are available in many forms. A photocell or photoresistor is a sensor when the brightness of the light on it causes a change in its resistance. This change in incident light is used to detect visible light. Light sensors are products used to save energy and energy, as well as energy-saving solutions. In general, light sensors convert the energy of light into an electrical signal used in electronic products and applications. There are several types of light sensors, such as photoresistors, photodiodes and phototransistors. With the development of advanced technology, light sensors are entering into applications in day-to-day life. Penetration of the Internet of Things and artificial intelligence is hugely impacting the growth rate of the light sensors market positively.

MARKET DRIVERS

The growing usage of light sensors in various industries is propelling the global market growth.

Light sensors have applications in various industries like healthcare, aerospace, automotive and others. Light detectors are the most preferred technology in today’s world, and they amplify the tech innovations in smart cities. The expanding scale of the industries, with the growing support from the government and non-government organizations through investments and prominence in adopting smart technological advancements in the varied sectors, can promote the growth rate of the market. The growing urban population and rising affordability to adopt advanced technologies in building smart homes in urban areas are elevating the global market growth.

The easy integration with the lighting system promotes automatic lighting and enhances efficiency in saving energy by automatically working with sensors. The use of light sensors ensures no wastage of electric light as they automatically adjust the light according to the ambient light present that is grabbing attention all around the world. The use of these sensors can expand savings by consuming very little power, which leverages the market’s growth rate. In addition, the growing demand to reduce carbon emissions by adopting new technologies and using energy-efficient devices that help reduce electric consumption and enhance the quality of life around the globe further amplifies the growth rate of the light sensors market.

MARKET RESTRAINTS

Lack of standardization is the primary factor that is impeding the growth rate of the light sensors market.

The cost for installation and maintenance of these technological developments is relatively very high, and common people cannot afford these systems, which can degrade the growth rate of the light sensors market. The performance and accuracy of the light sensor vary according to environmental changes, and they may not always be accurate due to several factors. On the other hand, the complexity of installing the light sensors due to the presence of a high number of photocells is likely to hamper the growth rate of the light sensors market. It is more common for susceptibility to interference that negatively influences the size of the market. In extreme operating duty measurement, the light sensors may affect the overall tracking precision, which is slightly hindering the market’s growth rate.  

MARKET OPPORTUNITIES

Construction of a high number of smart home infrastructures, especially in developed and emerging countries, is anticipated to boost the growth rate of the market to an extent.

According to recent survey reports, it is expected that there will be around 115 million smart buildings only in the USA by 2026, which shows drastic opportunities for the light sensors market to grow eventually in the coming period. The light sensor is the best component in greenhouse lighting systems. Even in agriculture production, light sensors have a specific role in inducing crop yield. Also, light sensors can automatically adjust curtains, blinds, and air-conditioning by sensing the difference between indoor and outdoor light, creating a comfortable living experience. Light sensors work effectively with the connected devices. IoT is the major aspect of light sensors, which connect with the devices and identify sudden changes in the environment to adjust the lights accordingly. Lights can be activated or deactivated when necessary by detecting the changes that save the consumption of electricity, which is attributed to creating new growth opportunities for the market in the coming years. The launch of high-speed internet connectivity like 5G can also induce growth opportunities for light sensors in the foreseen years.

MARKET CHALLENGES

Difficulty integrating the sensor control layout when shifting to other locations due to the lack of proper infrastructure in every area may pose certain challenging factors for the market key players.

The shorter lifespan and failure of the system in real-time operations can also negatively impact the growth rate of the light sensors market. Lack of technical support due to a shortage of professional workers to manufacture highly effective light sensors according to user preference can restrain the growth rate of the market in the coming years.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

10.9%

Segments Covered

By Function, By Integration, By Production, By End-User

Various Analyses Covered

Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (United States), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Vishay Intertechnology, Inc.

 

SEGMENTAL ANALYSIS

Global Light Sensors Market Analysis By Function

The ambient light sensing segment dominated the market in 2023 and is anticipated to rule the market with the highest share of the worldwide market during the forecast period. An ambient light sensor is a crucial component of smartphones, notebooks, and other mobile devices. The display screen light will automatically get adjusted to the ambient light with this sensor, which is a crucial thing for mobile display screens. The rising number of smartphone users across the world is hugely contributing to the growth rate of the ambiance light sensing market. Around 1340 million smartphones were sold across the world only in 2023. In today’s world, even adults between the ages of 16 and 24 are using smartphones. In the UK, there are 98% of adults are using smartphones, which drives the demand for ambiance light sensing in the coming years. The proximity detection segment is also likely to have huge growth opportunities for the market in the coming years. This sensor has the ability to detect an object that is nearby without even touching it. Therefore, the proximity detection sensor has varied applications in different fields.

Global Light Sensors Market Analysis By Integration

The discrete segment is leading with the dominant share of the market whereas combination segment is gaining traction over the growth rate during the forecast period. Both the discrete and combination integration has equal features in the application. Combination integration unit is gaining much attention from the manufacturing units due to the prominent features when a product is manufactured with the combo sensors.

Global Light Sensors Market Analysis By Production

The digital output segment holds a prominent share of the global market during the forecast period. The growing knowledge of the use of digital technologies among people, even in rural areas, is greatly influencing the share of the digital output market.

Global Light Sensors Market Analysis By End-User

The automotive industry is positioned at the top, holding a significant share of the light sensors market. The increasing scale of the automotive industries all around the world, with the increasing support from private organizations, is potentially fueling the growth rate of the automotive light sensor market. The launch of innovative features in the newly launched electric cars or other vehicles shall leverage the growth rate of the need for sensors in the automotive industry.

The health segment is anticipated to hit the highest CAGR by the end of 2029.

REGIONAL ANALYSIS

Asia Pacific has been gaining huge traction over the share for the past few years and is expected to continue the same flow in the foreseen years.

Eventually, the growing population and increasing prevalence of smartphones and tablets will be primary attributes for the growth of the market in this region. India and China are major contributors to the market. In India, the high focus on expanding industries like automotive, healthcare, and others with vast development activities in major states is attributed to the leveling up of the growth rate of the market. Ongoing research and development activities in the automotive industry to launch luxurious cars with high efficiency can relate to increasing the market share in the coming years. Also, the trend towards the adoption of light sensor technology in smart homes is likely to increase the opportunities for the market in India and China.

North America is second in holding the light sensor market share owing to the increasing income in developed countries like the US and Canada. The US and Canada are the highly developed countries that are dominant in adopting the most advanced technologies in various sectors. A high number of smartphone users can also surge the growth rate of the market. According to the latest survey reports, more than 94% of adults aged between 18-29 years use smartphones in the US.  The light sensor market is evolving in accordance with the smartphone industry due to its major applications.

Europe is predominantly to hit the highest CGAR by the end of the forecast period. High disposable income and prominence to adopt the new technological developments at ease by most people can lucratively leverage the growth rate of the market in Europe.

KEY PLAYERS IN THE GLOBAL LIGHT SENSORS MARKET

Companies playing a prominent role in the global light sensors market include AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (United States), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea) and Vishay Intertechnology, Inc., and Others.

RECENT HAPPENINGS IN THE GLOBAL LIGHT SENSORS MARKET

  • In 2019, Sony Company released CMOS image sensors for industrial equipment applications that have a global shutter function.
  • Sony acquired Transnorm Beteiligungen GmbH in Oct 2018.
  • Bosch completed the acquisition of seeo inc, and ZF lenkysysteme in 2015.

DETAILED SEGMENTATION OF THE GLOBAL LIGHT SENSORS MARKET INCLUDED IN THIS REPORT

This research report on the global light sensors market has been segmented and sub-segmented based on function, production, integration, end-user, and region.

By Function

  • Ambient Light Sensing
  • Proximity Detection
  • RGB Color Sensing
  • Gesture Recognition
  • UV/Infrared Light (IR) Detection

By Production

  • Analog Output
  • Digital Output

By Integration

  • Discrete
  • Combination

By End-User

  • Automotive
  • Industry
  • Security
  • Health
  • Entertainment
  • Consumer Electronics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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