Light Sensors Market 2021 Strategic Assessments and Business Scenario – AMS AG, Sharp Corporation, STMicroelectronics NV, Broadcom Inc

MarketInsightsReports has published a report entitled Global Light Sensors Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The light sensors market is expected to reach a CAGR of 9.2% over the forecast period, 2020-2025

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Key Market Players: AMS AG, Sharp Corporation, STMicroelectronics NV, Broadcom Inc., Vishay Intertechnology Inc., Apple Inc., Elan Microelectronic Corp., Everlight Electronics Co. Ltd, Maxim Integrated Products Inc., Samsung Electronics Co. Ltd, Sitronix Technology Corporation, ROHM Co. Ltd  and Other

Industry News and Updates:

- September 2019 - the Austrian sensor specialist, AMS, announced a 2-in-1 IR proximity sensor module. The ultra-small package of the new AMS TMD2635 module measures just 1MM3 and enables ear detection triggers for wireless earbud in-and-out movements, helping extend the battery life between charges.
- July 2019 - STMicroelectronics announced its user presence detection solution, where the output from STs FlightSense Time-of-Flight (ToF) ranging sensor is used by Intel Context Sensing to offer a breakthrough approach to PC data security while reducing power consumption and improving the user experience. STs ToF FlightSense technology revolutionizes ranging and proximity sensing by providing accurate distance measurements using miniature and low-cost sensors.

Key Market Trends

Consumer Electronics is Expected to Hold a Major Share

- The consumer electronics sector is a rapidly changing and dynamic industry with increasing competition among the market players. Currently, manufacturers of consumer electronics are under enormous pressure to bring unique and differentiated products to the market. Major mobile manufacturing companies, such as Samsung, are partnering with light sensor manufacturers to integrate both technologies.
- Light sensor devices are witnessing an increase in application in electronic devices, such as mobiles, LCDs, and LEDs, which perform the function of automatically adjusting the screen brightness in response to the amount of light these devices receive and help in power saving for these devices.
- The increased emphasis on the use of facial recognition in consumer electronics, such as mobile phones and tablets, for the purpose of security/identity fraud prevention; access and authentication; and accessibility to accounts and services is also boosting the growth of light sensors in this industry.
- The surge in the adoption of wearable devices and innovative applications in the biomedical sector may boost the growth of the market. However, the extra costs incurred due to the incorporation of sensors in devices and reduction in the life of the device are expected to hinder the market growth.

Asia-Pacific is Expected to Register a Significant Growth Rate

- Asia-Pacific is expected to dominate the light sensors market, owing to its larger population size and increasing demand for smartphones and other consumer electronics. An increase in the adoption rate of handheld devices with inbuilt light sensors is also one of the key factors contributing to the growth of the light sensors market in the region.
- With an increase in the safety concerns among the consumers in the developing economies, such as India and the ASEAN countries, the automobile manufacturers are incorporating more sensors in low-cost vehicles. This is expected to drive the demand for light sensors in the foreseeable future.
- The growing emphasis on the adoption of the latest technologies, such as the Internet of Things (IoT) and facial recognition, and government regulations in the emerging economies to enhance security across various industry verticals are leading to increased deployment of light sensors, which is, in turn, boosting the growth of the industry in the region.
- For instance, in December 2019, China put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move aimed at cracking down on fraud, as stated by the government. Such regulations are creating growth opportunities for the light sensors market.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Light Sensors market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Light Sensors market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Light Sensors market.

Market Segments: This part of the report discusses product type and application segments of the global Light Sensors market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Light Sensors used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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