Light Sensors Market is expected to grow from USD 1.25 Billion in 2017 to USD 2.56 Billion by 2024, at a CAGR of 9.38% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report)
Light Sensors MarketLight sensors market is segmented on the basis of Function, Output, Integration, Application, and Geography. Growing implementation of light sensors in consumer electronics such as smartphones and tablets, advancements in the automotive sector, smart homes, and outdoor lighting, and increasing usage of IoT sensor in the automotive sector and booming industrial IoT sensor are the major driving factors for the growth of light sensor market.
However, low light sensing capability of light sensors, threat to scale down the quality in low-cost sensors, and stringent government regulation and policies are the key restraining factors for the market growth.
Further key findings from the report:
• From the application segment, consumer electronics application accounted for the largest share of the light sensors market and is expected to dominate the light sensors market in near future owing to increasing deployment of light and proximity sensors in mobile devices and rising focus of manufacturers on energy saving by light sensors. Consumer electronics segment accounted for over 40% share of light sensors market in APAC region
• Light sensor market for automotive segment is anticipated to witness highest CAGR by 2024. Light sensor market in an automotive segment are helping driver from getting distracted and is mainly driven by rising awareness about a user-friendly interface with inbuilt light sensors for driver assistance and driver safety
• Among geographical regions, APAC is anticipated to account for the largest share of the overall light sensors market. Increase in the adoption rate of handheld devices with inbuilt light sensors is the key factor contributing to the growth of light sensors market in this region
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Key Highlights:
• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Light Sensors Market
• The objective of the report is to provide a detailed analysis of the Light Sensors Market on the basis of function, output, integration, application, and geography
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Light Sensors Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Light Sensors Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2024
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research Methodology:
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Light Sensors Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Light Sensors Market globally.
Key Players in the Light Sensors Market Are:
• AMS AG
• Sharp Corporation
• Avago Technologies Inc.
• Apple, Inc.
• Stmicroelectronics NV.
• Elan Microelectronic Corp.
• Vishay Intertechnology, Inc.
• Heptagon
• Everlight Electronics Co., Ltd.
• Sitronix Technology Corporation
• Maxim Integrated Products, Inc.
• ROHM Co., Ltd.
• Samsung Electronics Co., Ltd.
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Key Target Audience:
• ODM and OEM technology solution providers
• Light sensor developers
• Technology standards organizations
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
The scope of the Light Sensors Market:
Research report categorizes the Light Sensors Market based on function, output, integration, application, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Light Sensors Market with key developments in companies and market trends.
Light Sensors Market, By Function:
• Proximity Detection
• Gesture Recognition
• Ambient Light Sensing
• Rgb Color Sensing
• UV/Infrared Light (IR) Detection
Light Sensors Market, By Output:
• Digital
• Analog
Light Sensors Market, by Integration:
• Combination
• Discrete
Light Sensors Market, By Application:
• Industrial
• Healthcare
• Consumer Electronics
• Home Automation
• Automotive
• Security
• Entertainment
Light Sensors Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
MAJOR TOC OF THE REPORT
Chapter One: Light Sensors Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Light Sensors Market Competition, by Players
Chapter Four: Global Light Sensors Market Size by Regions
Chapter Five: North America Light Sensors Revenue by Countries
Chapter Six: Europe Light Sensors Revenue by Countries
Chapter Seven: Asia-Pacific Light Sensors Revenue by Countries
Chapter Eight: South America Light Sensors Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Light Sensors by Countries
Chapter Ten: Global Light Sensors Market Segment by Type
Chapter Eleven: Global Light Sensors Market Segment by Application
Chapter Twelve: Global Light Sensors Market Size Forecast (2019-2026)
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