Light Sensor Market Analysis Report:
A light sensor is a device that is used to detect the light. In general, light sensors convert the ener-gy of light into an electric signal used in electronic products and applications in the sensing pro-cess. Photoresistors, photodiodes, and phototransistors are the types of light sensors available. These light sensors are used to save energy, as well as energy-saving solutions.
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 2024, with an annualized growth of 9.3% between 2019 - 2024.
The growth of the light sensor market is anticipated to the applications of light sensors in various fields and industries. An increase in the demand for the development and infrastructure of smart cities, townships, buildings, and homes is propelling the growth of this market. Also, the adoption of the light sensor is continually increasing in portable smart devices, expansion of the automotive sector, energy-saving, the requirement of gesture recognition, ambient light sensing, proximity detection in the electronic market. These are some of the many reasons for the growth of the light sensor market.
Recent developments
• Sony company has released CMOS image sensors for industrial equipment applications that have a global shutter function. Also, Sony has acquired Transnorm Beteiligungen GmbH.
• Bosh has completed its acquisition of Seeo Inc. and ZF Lenkysysteme.
Market drivers and restraints
The escalation of demand for the infrastructure and development of smart cities, townships, build-ings, homes and also in the automotive sector, are the main aspects accelerating the need for the global light sensors market. The adoption of smart screens in various consumer electronics is also an essential reason for the growth of using these light sensors to save energy. Moreover, ad-vanced features like ambient light sensing, gesture recognition, proximity detection which are based on these light sensors are increasing, thus attributing the rise of the global light sensor mar-ket.
Report Segmented as
By Function
• Ambient Light Sensing
• Proximity Detecting
• RGB Color Sensing
• Gesture Recognition
By Integration
• Discrete
• Combination
By Production
• Analog Output
• Digital Output
By End-User
• Automotive
• Industry
• Security
• Health
• Entertainment
• Consumer Electronics
Geographical Analysis
• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa
In the regional segmentation, North America is dominating the major market share and it is fol-lowed by Asia-Pacific, attributing to the technological advancements and automotive standards in emerging economies like China and India. The rising demand for light sensors and mobile devices is likely to fuel the growth of the global light sensors market in the Middle-East and Latin America.
Key market players
• AG (Germany)
• Avago Technlogies 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 Technologies Corp. (Taiwan)
• STMicroelectronics NV (Switzerland)
• Samsung Electronics Co., Ltd. (South Korea)
• Vishay Intertechnology, Inc