Optical Position Sensor Type (One-Dimensional, Two-Dimensional, and Multiaxial) and End User (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare) - Global Opportunity Analysis and Industry Forecast, 2014-2022

Optical position sensors offer numerous benefits such as high efficiency and reduced system maintenance. Multiaxial sensor represents almost 44% of the total market, owing to their low power consumption and high efficiency. In addition, substantial demand for electronics applications and customer shift toward compact size to achieve better efficiency are expected to fuel its adoption in the consumer electronics, automotive, and other applications.

Optical Position Sensor Market Report, published by Allied Market Research, was valued at $1,376 million in 2015, and is expected to reach $2,589 million by 2022, growing at a CAGR of 9.3% from 2016 to 2022. The multiaxial segment held over 40% of the total market share in 2015.

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Optical position sensors are widely used in consumer electronics such as televisions, smart phones, medical devices, wearable devices, and others. Growth in demand for consumer electronic goods and increase in adoption of sensors in remote monitoring medical devices drive the market growth. Moreover, increase in demand for automated vehicles is expected to provide lucrative opportunities to market players.

Consumer electronics dominated the global optical position sensor market in 2015, accounting for about 50% of the global optical sensor market size. However, healthcare is expected to grow at the highest CAGR of 10.3% from 2016 - 2022, owing to increase in demand for durable devices with enhanced efficiency.
Multiaxial led the optical position sensor market in 2015, and is expected to maintain this trend throughout the forecast period. One-dimensional sensor segment is expected to witness significant growth, owing to their compact size and low power consumption.

Asia-Pacific was the major revenue contributor in 2015, and is expected to maintain its dominance in the future, owing to increase in number of electronic applications. The ongoing technological developments in consumer electronics and healthcare sectors are expected to boost the optical position sensor market growth, especially in the Asian countries, such as China, Japan, South Korea, and India.

Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to increase in portable appliances and rise in the adoption of sensors in automotive applications. Moreover, technological advancements to overcome dispersion issues in extreme conditions are projected to offer lucrative opportunities for market players.

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Key players operating in the optical position sensor market have adopted product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include First Sensors AG, Siemens AG, Panasonic Corporation, Opto Diode Corporation, Sharp Corporation, Micro-Epsilon, Balluff GmbH, Sensata Technologies, Hamamastu Photonics K.K., and Melexis N.V.

Key benefits

• The study provides an in-depth analysis of the global optical position sensor market to elucidate the prominent investment pockets.
• Current trends and future estimations from 2016 2022 are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold.
• It presents information about key drivers, restraints, and opportunities along with their impact analyses.
• Value chain analysis enables to understand the roles of intermediaries in the production processes.

Analyst Review:

The global optical position sensor market is expected to witness significant growth in the near future, owing to rise in sales of consumer electronics and automobiles. Optical position sensors are designed to detect the position of the desired object without physical contact using light. The reflection of the light measures the distance of the target object. These sensors are primarily incorporated in smart applications, such as televisions, smartphones, medical devices, wearable devices, and others. However, other industries such as healthcare, aerospace & defense, and automotive have adopted sensors owing to their efficiency, reliability, and increase in awareness about their benefits.

Optical position sensors possess multiple advantages such as lightweight nature, simple structuring, cost-saving, and design freedom that drive the market growth. However, low accuracy in extreme conditions and light dispersion hamper the market growth. Nevertheless, adoption of optical position sensor in semiconductor devices for automation and increase in demand for electronic gadgets provide various growth opportunities to market players. Prominent players have developed low-cost, compact, affordable, and energy-efficient sensors to increase the efficiency of the applications. Asia-Pacific is the major revenue contributor to the global market, followed by North America.

LIST OF FIGURES

FIG.1 TOP IMPACTING FACTORS
FIG.2 TOP WINNING STRATEGIES IN THE OPTICAL POSITION SENSOR (2013-2016)
FIG.3 TOP WINNING STRATEGIES (%) (2013-2016)
FIG.4 TOP INVESTMENT POCKETS
FIG.5 PORTER’S FIVE FORCES ANALYSIS OF LITHIUM-ION BATTERY MARKET
FIG.6 GLOBAL CAR SALES, 2014-2022 (MILLION UNITS)
FIG.7 GLOBAL SMARTPHONE SALES, 2013-2022 (MILLION UNITS)
FIG.8 GLOBAL OPTICAL POSITION SENSOR BY TYPE (REVENUE, VOLUME), 2015
FIG.9 GLOBAL ONE-DIMENSIONAL IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.10 GLOBAL TWO-DIMENSIONAL IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.11 GLOBAL MULTI-AXIAL IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.12 GLOBAL OPTICAL POSITION SENSOR BY APPLICATIONS (REVENUE), 2015
FIG.13 GLOBAL AEROSPACE & DEFENCE IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.14 GLOBAL AUTOMOTIVES IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.15 GLOBAL CONSUMER ELECTRONICS IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.16 GLOBAL HEALTHCARE IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.17 GLOBAL OTHERS IN OPTICAL POSITION SENSOR, Y-O-Y (%)
FIG.18 GLOBAL OPTICAL POSITION SENSORS MARKET BY GEOGRAPHY, 2015
FIG.19 NORTH AMERICA OPTICAL POSITION SENSORS MARKET Y-O-Y GROWTH, 2015-2022(%)
FIG.20 EUROPE OPTICAL POSITION SENSORS MARKET Y-O-Y GROWTH, 2015-2022
FIG.21 ASIA PACIFIC OPTICAL POSITION SENSORS MARKET Y-O-Y GROWTH, 2015-2022
FIG.22 LAMEA OPTICAL POSITION SENSORS MARKET Y-O-Y GROWTH, 2015-2022

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