Light Sensor Market Provides Detailed Insight by Trends, Challenges, Opportunities, and Competitive Analysis

Countries such as India, China, and Brazil are currently focusing on the establishment of smart cities to preserve energy and improve the living standard of their citizens. As smart cities aim to reduce energy consumption, governments of such countries are increasingly integrating sensors in their lighting systems, which have exceptional energy efficiency. Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity. Thus, the surging construction of smart cities in these developing countries will boost the adoption of light sensors in the foreseeable future.

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Moreover, the increasing use of consumer electronics will also drive the light sensor market at a CAGR of 9.5% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $1,456.2 million in 2019. Automatic screen brightness control and several other features in consumer electronics, such as smartphones and tablets, require light sensors for sensing lights. Thus, the rising uptake of smartphones, primarily on account of the booming youth population, will drive the demand for light sensors in the upcoming years.

As a result of the wide application base of light sensors, manufacturers of these devices are focusing on the introduction of new products, to reach out to a greater number of customers. For instance, in October 2019, ams AG launched the TCS3408 color sensor to measure the color and brightness of ambient light. Additionally, the sensor also helps in reducing the flawed artifacts caused by artificial lighting, by detecting photometric flicker. Similarly, in January 2020, ams AG unveiled the AS7350, an advanced spectral ambient light sensor, for high-end smartphones to efficiently balance the white point in all lighting conditions.

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Globally, the Asia-Pacific (APAC) light sensor market generated the highest revenue during the historical period (2014–2019), and it is expected to continue this trend throughout the forecast period. This can be credited to the flourishing automobile industry, burgeoning demand for consumer electronics, and booming population in the region. Furthermore, the increasing adoption of electric vehicles (EVs), especially in Japan and China, owing to the rising number of government initiatives supporting the production and uptake of EVs, will also contribute to the market growth in the region in the forthcoming years.

Therefore, the booming demand for consumer electronics and the soaring number of smart cities in developing countries will fuel the adoption of light sensors in the coming years.

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This release was published on openPR.