Light Sensors Market

Light Sensors Market Size (2024-2029)

The Light Sensors Market is anticipated to be valued at 3.07 billion USD in 2024, poised to reach 5.15 billion USD in 2029, with an annualized growth rate of 10.9%.

Light Sensors Market overview

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.

Recent Developments

• 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.

REPORT COVERAGE

Light Sensors Market Drivers and Opportunities

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.

Light Sensors Market Segmentation

By Function

• Ambient Light Sensing

• Proximity Detection

• RGB Color Sensing

• Gesture Recognition

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.

By Integration

• Discrete

• Combination

By Production

• Analog Output

• Digital Output

By End-User

• Automotive

• Industry

• Security

• Health

• Entertainment

• Consumer Electronics

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 Regional Analysis

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East & Africa

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.

Light Sensors Market Key Players

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