As per our research report, the size of the Light Sensors Market is expected to be valued at 2.08 billion USD in 2019 and is expected to reach 4.14 billion USD in 2026, with an annualized growth of 9.3% between 2021 - 2026.
What is a Light Sensor?
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 the change of 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.
In 2019, Sony Company released CMOS image sensors for industrial equipment applications that have a global shutter function. Sony has acquired Transnorm Beteiligungen GmbH in Oct 2018.
Bosch completed the acquisition of seeo inc, and ZF lenkysysteme in 2015.
The factors which are fueling the growth of the light sensor market are an escalation of demand in infrastructure and development of smart cities, townships, buildings and homes, and the automotive sector. Further, the light sensor market is likely to expand owing to amplifying demand for electronic products like Smartphone’s and televisions, tablets, and digital displays, adoption of light sensors is constantly increasing in portable smart devices, expansion of automotive sector, energy saving ability, requirement for gesture recognition, ambient light sensing, proximity detection in electronic market, advancement of technology and increased investments from shareholders and government are prominent contribution factors for growth of the smart light sensor market.
There are certain restraints which are diminishing the growth of light sensor market such as increased costs with integration of sensors due to which it is not considered to integrate light sensors in certain applications to reduce costs, reduced lifetime of devices like laptops, reduction in battery life of devices as sensors operate on batteries resulting in low adoption rate of these sensors.
The durability of Cameras, Smartphone’s, and other devices get reduced when operated continuously for a long time due to overheating as they are sensitive to temperature, and high cost of smart sensors are also likely to restrain the growth of the light sensor market.
The growing adoption rate of light sensors in tablets and smartphones, outdoor lighting, automotive industry, smart TVs, wearable devices, innovative applications in the biomedical sector are boosting growth opportunities for the light sensors market.
Policies and regulations to develop smart cities in different countries, technological advancements, growing investments in R & D for advanced products are the contributing factors likely to offer fruitful opportunities for the growth of the light sensors market during the forecast period.
Market Size Available
2018 – 2024
2019 - 2024
By Function, Integration, Production, End-user & Region.
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities.
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) & 10+ More Companies
This Research Report Includes the Segmentation & Sub-Segmentation of the Light Sensors Market & Evaluated until 2024.
Light sensors Market: By Function
Based on the Function, the ambient light sensors segment is expected to hover a considerable market share. The growth of the ambient light sensor segment in the market is attributed to its applications in automotive and architecture industries due to the rise of an increase in building smart cities and adding luxuriousness to the cars.
Light sensors Market: By Integration
Light sensors Market: By Production
Light sensors Market: By End-User
It is estimated that the home automation segment in the application segmentation of the global light sensor market generates a massive amount of market revenue. The growth of this home automation segment is attributing to the rise in the renovations of homes to add automation and the government's motto to build smart cities. After the home automation, it is followed by the consumer electronics segment with a wide range of applications that these light sensors offer. Increasing the trend of providing more features to gain customers' attention towards their products is making these manufacturers use these light sensors to add some features like proximity detection, gesture control, ambient light detection and to lessen the power consumption.
Light sensors Market: By Region
The Light Sensors Market Report includes the segmentation of Regions with their respective Countries.
North America Light Sensors Market includes U.S, Canada
Europe Light Sensors Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Light Sensors Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Light Sensors Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Light Sensors Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
Geographically, North America is dominating the light sensor market and is followed by the Asia Pacific owing to technological developments and automotive standards in emerging economies of China, and India. Rising demand for light sensors and mobile devices are likely to propel the growth of the light sensor market in the Middle East and Latin America.
Targeted Audience in the Light Sensors Industry are:
Key Players Profiled in the Light Sensors Market as per the Research Report are:
Key Questions Answered by the Report?
What will be the revenue takes for the Light Sensors Market in the next five years?
Who are the Top leading manufacturers of Light Sensors in the global market?
What are the growth predictions of the Light Sensors Market ?
What are the major drivers impacting the Light Sensors Market ?
What are the latest new technological trends in the market?
For any customized requirement feel free to Ask our Analyst @ https://www.marketdataforecast.com/market-reports/light-sensor-market/customization
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
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
6.1.4 Market Attractiveness 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
6.1.5 Market Share 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
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
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