Rapid advancemnents taking place in light sensing technology is driving the global light sensor market.
The Light Sensor Market is expected to reach USD 15.7 Billion during the forecast period at a 10.70 % CAGR.
Covid-19 Impact & Market Status
According to latest studies the global sensor market is likely to get impacted by covid-19 pandemic only in near term. Experts say, the global light sensor market will see two-fold growth in forecast years despite the pandemic impact.
With many players across the value chain, the market is fragmented. The market's consolidation of sensor makers, system integrators, and distributors is a significant trend expected to drive the market's growth. Over the previous few decades, substantial mergers and acquisitions have resulted in massive industrial conglomerates and holdings. New tactics are being taken through technological and marketing synergy within diverse business models to attain critical mass. Furthermore, to fulfill the expanding demand, many firms and startups in the smart lighting market are anticipated to boost rivalry among sensor makers.
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Ambient Light Sensing to be the Most Progressive Segment
Several types of light sensors are available for ambient light sensing, vicinity detection, RGB color sensing, action recognition, and UV/IR detection. The market is rising due to the increasing use of light sensors to accomplish the activities listed above in various applications such as automotive, electronic goods, industrial, and home automation, among others. The ambient light sensor in a gadget has the advantage of conserving battery life. The automated modification (auto-dimming) of the light in these devices saves electricity.
Additionally, ambient light sensors assist automated dimming in autos in the automotive industry to maintain dependable sight in all conditions. Cars with headlamp control increase road safety by turning on the lights automatically at dusk or while approaching a tunnel.
Digital Output to have the largest market share in the forecast period
In 2021, the digital category led the market share to more than 55.0 percent based on output. The control parameters in applications like heating, ventilation, air conditioning, bright lighting, and temperature control systems must be modified depending on the severity of ambient light. In such circumstances, digital light sensors have become crucial. The digital light sensor market is expected to increase significantly in the future years, thanks to the rising usage of screen-based devices such as laptops, mobile phones, and television sets.
A variety of sensing devices are now accessible in tiny packaging at cheap rates thanks to technological improvements. Thanks to digital solutions, ambient light detectors have become more practical and have more comprehensive applications.
Consumer Electroniocs Industry Accounted for Highest Market Share
Because of the growing demand and usability of electronic devices among consumers, the consumer electronics category accounted for the most significant sales in 2021, with over 35.0 percent. Smartphones, LCD/LED televisions, and laptops are among the applications seeing an increase in demand for light detecting devices. The sensors regulate the screen brightness automatically in response to the quantity of ambient light received by these devices, allowing for power savings. The management of lighting using different digital sensing components incorporating illuminance detectors is also a focus of modern IoT lighting systems.
The healthcare industry is rapidly expanding, encouraging the use of modern devices incorporating light sensors. In the medical field, light sensors are commonly used to identify infections and check oxygen levels in patients.
APAC Held the Largest Share in 2020
Due to its rising population and the growing desire for smartphones and electronic goods, Asia Pacific held the largest market share in 2020, with a stake of over 30.0 percent. Furthermore, the rising number of portable devices with built-in light sensors will likely drive market expansion. In emerging nations such as India and ASEAN, strict government rules on consumer safety have prompted automakers to include additional detectors in mid-segment automobiles. Over the projected period, these factors are likely to increase the demand for light sensors in APAC. Because of the early adoption of light detection systems in North America, the market is expected to increase significantly throughout the forecast period.
The need to need for installing protable electronic products that reduce pwer consumption while providing increased battery life taking into consideration today’s critical deisgns is improving the reliance on light sensor furthering the development of global light sensor market.
Owing to benefits such as reduction of power consumption, enhanced performance of in LED-backlighted LCD displays, easy integratin with automatic lightning system, low cost, fast and immediate output, quick response time, light sensor are experiencing rapid adoption thus fostering remarlable progress in global light sensor market.
Miniaturization and advancements in sensor technologies have increased worldwide demand for smart gadgets such as LED TVs, smartphones, and intelligent lighting systems boosting the global light sensor market. The adoption of connected devices and 5G telecommunication technologies is expected to accelerate the usage of various sensors across sectors further resulting in impressive growth of global light sensor market. Moreover, optical sensors are frequently employed in commercial and home wearable electronics devices. Because of advantages like greater comfort, security, and automation, sensor systems are used in a wide range of applications.
Increased market competition has resulted from continuous improvements in the quality and dependability of lighting detecting systems leading to further growth of global light sensor market.
Because of the rise in industrial automation, a spike in IoT and linked devices, and improvements in the telecommunications industry, the market is likely to increase across many industry verticals
The market value of of global light sensor market is predicted to increase at a CAGR of 9.3%, reaching USD 2.14 billion by the tip of 2028. The increasing use of light sensors to perform specific tasks in modern devices such as smartphones and tablets is propelling the development of the global light sensors market. Furthermore, improvements in the automotive industry, home automation, and street lights are projected to fuel the growth of the global light sensor market.
Light sensors have become a prevalent component in developing tech advances and innovative city applications, with Machine Learning (ML) and Artificial Intelligence (AI) technologies frequently supporting them. In a sense, bright lighting, communications technology, photonics applications already influence intelligent city infrastructure. Other developing technologies, such as nanoscale photonics, are in great demand in smart cities, driving up the need for light sensors. .
In 2019, the proximity detection category dominated the market, accounting for about 30.0 percent of worldwide revenue. This industry's rise can be ascribed to its widespread application in automotive manufacturing. Closeness detectors detect motion or range to other objects by responding to fluctuations in infrared light. They're widely employed in automobiles to warn drivers when they're getting too close to anything. They're also commonly utilized in outdoor lighting to detect movement for security reasons.
To suit a range of design objectives, lighting systems have become an essential consumer electronics component. Because of the growing need for electronic devices, the global light sensorn market is likely to rise significantly.
However, the challenges related to cost, size, and energy consumption is hampering the growth pf global light sensor market. Furthermore, the growing appliocations of light sensors in electronic devices such as LCDs and LEDs and other devices is anticipated to be a growth opportunity to the global light sensor market.
The major players in global light sensor market are Maxim Integrated Products, Heptagon, Everlight Electronics, Elan Microelectronics, Avago Technologies, and AG among others.
Latest Innovations in Global Light Sensor Market:
- AMS AG introduced a proximity detection module with an integrated ambient light sensor in July 2020, allowing mobile phone Original Equipment Manufacturers (OEMs) to create handsets with practically bezel-less displays.
Light Sensor Market Scope
|Revenue forecast in 2028
|USD 2.14 billion
|CAGR of 9.3 % during 2021-2028
|Function Type, Output, End-use, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Maxim Integrated Products, Heptagon, Everlight Electronics, Elan Microelectronics, Avago Technologies, and AG among others.
Segments of the Global Light Sensor Market:
Function Type Overview, 2018-2028 (USD Billion)
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- IR Detection
Output Overview, 2018-2028 (USD Billion)
End-use Overview, 2018-2028 (USD Billion)
- Consumer Electronics
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
- Middle East and South Africa