Optical Sensors Market Growth and Forecast by 2024 Key Players: Sony Electronics, OMNIvision, Samsung Electronics, Canon USA, Eaton, Robert Bosch
Optical Sensors Market is expected to grow at around 7.5% CAGR with increase in the usage of sophisticated gadgets and devices. Optical sensors are the need of the hour and have a wide-ranging demand. They have a variety of applications and are high precision sensors that are available in component or a module form. They can be customized and arranged according to the needs and requirements of the end users.
With a wide range of applications, the scope for sustainable growth increases. The sensors can be controlled using remote or stationary devices, and act as a perfect aid for security and surveillance systems. Other additional features like LED color detection, sound detection, background lighting help increase the user experience. They use minimal power and have very low carbon emissions. The global smartphone market rise is directly proportional to the demand for the global optical sensors market.
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Top Key Players: -
Major industry participants contributing to global optical sensors market share include Sony, Omnivision, Samsung, and Other prominent players are ABB, Analog Devices, Baumer Group, Broadcom, Coherent, Eaton, Emcore, Finisar, Omron, Robert Bosch, STMicroelectronics, and Sick AG.
Regional Segmentations: -
Asia Pacific, mainly China, South Korea and India optical sensors market share accounted for over 30% of the revenue in 2015. Escalating demand for handheld as well as electronic systems is likely to drive regional growth through 2024.
Untapped potential and steady demand in the region may contribute towards high growth rate. Rapid integration of these devices in smart control systems as well as factory automation may surge demand across the U.S.
Partial Chapter of the Table of Content
Chapter 4 Optical Sensors Market Insights, By Product
4.1 Global optical sensors market share by product, 2015 & 2024
4.2 Ambient Light & Proximity Sensors
4.2.1 Market estimates and forecast, 2013 - 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.2.3 Cadmium Sulfide (CdS)
188.8.131.52 Market estimates and forecast, 2013 - 2024
4.2.4 Silicon (Si)
184.108.40.206 Market estimates and forecast, 2013 - 2024
4.2.5 InGaAs Sensors
220.127.116.11 Market estimates and forecast, 2013 - 2024
4.2.6 Extended InGaAs Sensors
18.104.22.168 Market estimates and forecast, 2013 - 2024
4.3 Fiber Optic Sensors
4.3.1 Market estimates and forecast, 2013 - 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
4.4 Image Sensors
4.4.1 Market estimates and forecast, 2013 - 2024
4.4.2 Market estimates and forecast, by region, 2013 - 2024
4.5 Position Sensors
4.5.1 Market estimates and forecast, 2013 - 2024
4.5.2 Market estimates and forecast, by region, 2013 - 2024
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Technological advancements have resulted in revenue growth over the past few years. he introduction of hi tech cameras, smartphones, voice recognition, 3D mapping, eye tracking, etc. have contributed to the growth.
Hyperspectral imaging collects information from set of images which represents narrow wavelength range of a wide electromagnetic spectrum or spectral band. It identifies the objects on the basis of spectral properties. Increasing application of this technique in satellite based or airborne remote sensing, military target detection, industrial quality control and lab applications in medicine as well as biophysics is forecast to propel optical sensors market demand.
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