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The growing investment in home automation is rapidly driving the Global Light Sensor Market.
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The growing installation of LCDs in automobiles is boosting the demand for light sensors.
The automotive manufacturers are focusing on increasing the number of features provided within the vehicles in order to improve consumer convenience. It is leading to the growing installation of LCD screens required for the purpose of navigation, entertainment, and comfort system. This is anticipated to supplement the growth of the light sensor market as it enables efficient power consumption within the vehicles.
The Asia Pacific holds a dominant share in the market
The Asia Pacific light sensor market is estimated to hold a significant share in 2017, while the region is further anticipated to grow steadily during the forecast period on account of growing production of different consumer electronic products such as smartphones, tablets, and wearable devices etc. along with the increasing investment in the production of different vehicles –including electric vehicles. Simultaneously, the growing investment in automating different industrial operations is further supplementing the growth of the market in the region.
Some of the major players discussed in the reports are AMS AG, Broadcom, Sharp Corporation, STMicroelectronics, Vishay Intertechnology, and Maxim Integrated among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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