According to IMARC Group latest report titled” Light Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 5% during 2014-2019. The global light sensors market to exhibit moderate growth during the next five years.
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Market Trends and Drivers
Light sensors refer to the devices that convert the light energy ranging in frequency from infrared (IR) to ultraviolet (UV) light spectrum into electrical signals. These sensors can be integrated with sprinkler systems to help farmers in keeping their crops hydrated. As light sensors are economical, they are employed in freight shipping to track cargos and detect light exposure whenever a container is opened. Apart from this, light sensors find diverse applications in smartphones, laptops, automobiles, and streetlamps to adjust the brightness and turn on the lights automatically.
With the rising disposable incomes, individuals are increasingly spending on home automation solutions and advanced consumer electronics, which are primarily propelling the market for light sensors. Furthermore, several government bodies are heavily investing in the development of smart cities, which is acting as a significant growth-inducing factor. Moreover, light sensors are widely utilized in barcode scanners, QR codes and intrusion detection systems (IDS), etc., thereby augmenting the market growth. Besides this, pulse oximeters, incorporated with light sensors, have gained traction worldwide as they are extensively being used to measure the oxygen saturation level in the COVID-19 patients.
Explore full report with table of contents: https://www.imarcgroup.com/light-sensors-market
Light Sensors Market Segmentation:
Our report has categorized the market based on region, function, output, integration and end use industry.
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- UV/Infrared Light (IR) Detection
By End Use Industry:
- Consumer Electronics
- Home Automation
- Industrial Automation
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being ams AG, Apple Inc., Broadcom Inc., Everlight Electronics Co. Ltd., Maxim Integrated Products Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation (Foxconn Group), Sitronix Technology Corp., STMicroelectronics SA and Vishay Intertechnology Inc.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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