As per the latest report by IMARC Group, titled Light Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, offers a comprehensive analysis of the industry, which comprises insights onlight sensors marketreport. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global light sensors market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects themarket to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.
What are light sensors?
Light sensors represent devices used to measure radiant energy that ranges in frequency from infrared (IR) to ultraviolet (UV) light spectrum and converts it into electrical signals. These sensors can be connected to a sprinkler system to help farmers in keeping crops hydrated. They can also be utilized with weather-monitoring equipment to optimize the watering schedule. In line with this, light sensors are versatile and economical. Consequently, they are extensively used in freight shipping to detect the change in light exposure whenever a container is opened. As such, light sensors find wide-ranging applications in computers, television (TV) remotes, modern smartphones, automobiles, streetlamps, etc., to adjust the brightness and turn on the lights automatically.
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What are the growth prospects and trends in the light sensors industry?
The growing investments by government bodies in the development of smart cities are primarily driving the light sensors market. Additionally, the emerging trend of home automation, owing to the inflating disposable income levels of individuals, is further catalyzing the market growth. Besides this, the widespread adoption of light sensors in quick response (QR) codes, barcode scanners, intrusion detection systems (IDS), etc., is acting as another significant growth-inducing factor. Moreover, miniaturization and advancements in light sensor technologies provide a wide array of optical sensors that are available in small packages at reasonable prices, which is positively influencing the global market. Apart from this, the increasing integration of the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), etc., with light sensors is also augmenting the market growth. Furthermore, the development of components that can measure the virus concentration in the air by using localized surface plasmon resonance (LSPR) technology is anticipated to fuel the light sensors market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- Texas Instruments Incorporated
- Vishay Intertechnology Inc
Light Sensors Market Segmentation:
Our report has categorized the market based on region, function, output, integration and end use industry.
Breakup by Function:
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- UV/Infrared Light (IR) Detection
Breakup by Output:
- Analog
- Digital
Breakup by Integration:
- Discrete
- Combination
Breakup by End Use Industry:
- Consumer Electronics
- Automotive
- Home Automation
- Industrial Automation
- Healthcare
- Entertainment
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porters Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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