Digitization has
disrupted the global market through better scopes and opportunities with
smartphones being ahead of all other digital transformations. Rising number of smartphones
has evolved as a modern necessity gaining huge demand among people of all age groups
globally. This increasing global demand for smart technologies such as the
smartphones and smart wearables have significantly influenced the optical
sensors market growth. According to IndustryARC’s recent report analysis, the
global optical sensors has gained a healthy profit of $25.47 billion as of
2018. The electro-optical sensors effectively convert the light energy into
electric signals; a reason for wide range of application in aerospace, marine,
automotive, and consumer electronics. The optical sensors market is projected
to increase at a CAGR of 8.64% through 2025.
The report is titled
“Optical Sensors Market: By Types (Position, Light, Image, Photoelectric,
Photodetectors, Motion, Others); By Verticals (Material Handling, Building
Automation, Manufacturing, Packaging, Security & Surveillance, Others); By
Application (Ambient Light sensor, Pressure sensor, Temperature, Displacement,
Water level indication); By Geography - Forecast (2019-2025).” It focuses on major
developments in the niche segment with a detailed perspective on market scope,
strategic analysis, and competitive scenario.
Global Optical Sensors
Market: Competitive Landscape:
APAC is the leading
market contributor with a regional share of 32.18% in 2018. This growth is
attributed to several factors such as growing population and its resultant
purchasing power, increasing industrial establishments in China and India, and
technological advancements by several smartphone companies. Additionally, it is
the center for several mobile consumer electronic brands such as Lenovo, Oppo,
OnePlus, Samsung Electronics Co., Ltd., Toshiba Corporation, Sony Corporation,
and so on.
Image sensors in the
product segment of the market will experience a greater market benefit owing to
its diverse usage in digital cameras, tablet PC cameras, and CCTV surveillance
cameras. During the forecast period of 2019-2025, CAGR for image sensors is
expected to register as 9.42%.
Growing competition in
the patent field has led to the formation of several core companies in the
global market. The industry analyst has surveyed leading seven key players
in the optical sensors market which includes Teledyne Dalsa, Aptina Imaging,
Baumer Electric Ag, Vigo System S.A., Hamamatsu Photonics K.K., Sofradir Ec
Inc., and Carlo Gavazzi Automation Spa.
Hamamatsu Photonics
K.K., a Japan based manufacturer of light technology and product, delivers
various devices and systems such as optical sensors, cameras, photometry
systems, semiconductor systems, optical components, and many more. These
products has wide range of application in LiDAR, computed radiography, laser
scanning microscopes and so on.
Global Optical Sensors
Market: Causative Factors:
· Internet of Things
(IoT) is majorly accepted in mainstream industries due to countless benefits
lining up for both the service provider and customers. IoT is a big platform
community connecting the vast global population through devices such as
smartphones, tablets, home appliances, security systems, and other smart tech
services. The rising demand for IoT is considerably propelling the global
optical sensors market.
· Automotive industry is
rapidly growing across the world and according to the statistics of
International Organization of Motor Vehicle Manufacturers (OICA), a total of
95,634,593 units of motor vehicles were manufactured in 2018.[1] This
statistics reflects that optical sensors market will leverage huge benefits
owing to its large scale application in automotives.
Talk to one of our sales
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What can you expect from
the report?
The point-of-use water
treatment system market is prepared with the main agenda to cover the following
20 points:
1. Market Size by
Product Categories & Application 11. Demand Analysis (Revenue
& Volume)
2. Market trends &
Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor Landscape
14. Market Shares Analysis
5. Pricing Analysis 15.
Value Chain Analysis
6. Top 10 End user
Analysis 16. Supply Chain Analysis
7. Product Benchmarking
17. Strategic Analysis
8. Product Developments
18. Current & Future Market Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20.
Revenue and Volume Analysis
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4. Company profiles can
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analysis can be requested for a country or end use segment.
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[1] http://www.oica.net/category/production-statistics/2018-statistics/