Press release
By 2024, Optical Sensors Market in Asia Pacific Region is Expected to Cross USD 10 Billion
Optical Sensors Market
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.
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Amenability to multiplexing, immunity against electromagnetic interference, and superior sensitivity make optical sensors the most preferred sensor technology in several fields, which include healthcare & aerospace and defense industries, as well as residential and commercial surveillance. Optical sensors market is set to witness massive growth from the medical fraternity, having held 12% of the market share in 2015. With the technological advancements in the healthcare sector, biomedical imaging optical sensors are extensively used in different medical application such as gastroenterology, cardiovascular & intensive care, angiology, ophthalmology, oncology, and even in dentistry.
Optical sensors market from aerospace & defense sector applications will also exhibit an upward growth trajectory, with a projected annual rate of 8.2% over 2016 -2024. These upgraded sensor systems are expected to bring about a revolution in the military sector, as optoelectronics technology provides better communications, sensing, and even weaponry.
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Based on the product trends, image optical sensors market accounted for a considerably larger share (more than half of the total revenue) in 2015 and is poised to grow lucratively with a CAGR estimation of more than 7.3% over the period 2016-2024. Image sensors or photo detectors are widely used in various wearable electronics equipment both in the commercial as well as the personal front. The upsurge in consumer demand for electronic devices that will be able to provide proximity detection, ambient light sensing, and gesture recognition is fueling the ambient light sensors demand. It is estimated that ambient light optical sensors market will grow massively in the years ahead with an annual growth rate of 7.9% over 2016-2024.
Fiber optic sensors, position sensors, image sensors, and ambient light sensors are the four prime product segmentations of optical sensor industry. Owing to the remarkable benefits of fiber optic devices, such as electromagnetic immunity and flexibility and the high demand wearable electronics, fiber optical sensor market will observe a lucrative growth over the next few years. The integration of this technology in belts, garments, and other textiles for monitoring the flow of blood, cardiac output, blood pressure, and heart rate will also positively influence fiber optical sensor market.
Table of Contents:
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)
4.2.3.1 Market estimates and forecast, 2013 - 2024
4.2.4 Silicon (Si)
4.2.4.1 Market estimates and forecast, 2013 - 2024
4.2.5 InGaAs Sensors
4.2.5.1 Market estimates and forecast, 2013 - 2024
4.2.6 Extended InGaAs Sensors
4.2.6.1 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
Chapter 5 Optical Sensors Market Insights, By Application
5.1 Global optical sensors market share by application, 2015 & 2024
5.2 Aerospace & Defense
5.2.1 Market estimates and forecast, 2013 - 2024
5.2.2 Market estimates and forecast, by region, 2013 - 2024
5.3 Automotive
5.3.1 Market estimates and forecast, 2013 - 2024
5.3.2 Market estimates and forecast, by region, 2013 - 2024
5.4 Consumer Electronics
5.4.1 Market estimates and forecast, 2013 - 2024
5.4.2 Market estimates and forecast, by region, 2013 - 2024
5.5 Healthcare
5.5.1 Market estimates and forecast, 2013 - 2024
5.5.2 Market estimates and forecast, by region, 2013 - 2024
5.6 Industrial
5.6.1 Market estimates and forecast, 2013 - 2024
5.6.2 Market estimates and forecast, by region, 2013 - 2024
5.7 Others
5.7.1 Market estimates and forecast, 2013 - 2024
5.7.2 Market estimates and forecast, by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/optical-sensor-market
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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