Rising Automobile and smartphone Sales Propelling Light Sensor Market

The growth in the automobile industry and increase in the requirement for consumer electronic devices are the key factors that will drive the light sensor market at a 9.5% CAGR between 2020 and 2030. At this rate, the revenue accumulated by industry players will rise significantly from $1,456.2 million in 2019. A light sensor detects the infrared (IR) and visible portions of the light spectrum and converts the information received to electrical signals.

The classifications of the market under the function segment are proximity detection, ambient light sensing, gesture recognition, red-green-blue (RGB) color sensing, and IR detection. Among these, the ambient light sensing classification dominated the light sensor market during the historical period (2014-2019) due to the rising integration of light sensors in smartphones for automatic display control. During the forecast period, the fastest growth will be seen in the proximity detection classification because of the increasing demand for this function in the healthcare and automotive sectors.

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Based on end user, the market categories include consumer electronics, automotive, healthcare, industrial, and entertainment. Among these, the highest revenue was generated by the consumer electronics category in 2019 owing to the high sale of smartphones. With the increasing disposable income in emerging economies and decreasing smartphone prices, the demand for such products is burgeoning. The automotive category is predicted to grow the fastest during the forecast period, as light sensors are an important component of advanced driver-assistance systems (ADAS).

An important trend in the light sensor market presently is the construction of smart cities. The lights in these cities must be energy-efficient, which is why they will be integrated with light sensors. This way, as it grows darker, the brightness of the light will increase automatically. Similarly, as it becomes naturally brighter, the sensor will command the light to decrease its luminescence. This will help save energy by keeping the lights on for only as long as required and at only the minimum brightness needed.

The strongest driver for the light sensor market advance is the increasing demand for autonomous vehicles. As most road crashes happen due to human error, governments around the world are implementing rules regarding the integration of vehicle safety features. Among these features, ADAS is one of the most popular, as it helps the driver by maintaining a consistent speed, offering parking and lane changing assistance, providing night vision, detecting blind spots, and avoiding collisions. As ADASs need light sensors to work, their rising adoption will help the market grow.

Players in the market are launching new products to gain a competitive edge. For instance, ams AG introduced an advanced spectral ambient light sensor, named AS7350, in January 2020. The sensor accurately identifies the source of the light and balances the white point in a variety of lighting conditions, thus proving ideal for high-tech smartphones. The same month, RGBC-IR color sensors were launched by Vishay Intertechnology Inc., which are available in low-package profiles. These sensors are integrated with analog/digital circuits, photodiodes, I²C interface, and amplifiers, which allow them to sense RGB and IR light.

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Asia-Pacific (APAC) held the largest share in the light sensor market during the historical period, and its dominance is expected to be maintained till 2030. This is attributed to the increasing sales of consumer electronics and vehicles and growing population of regional countries. The automotive sector, in particular, is booming in the region as a result of the strong government support in India, China, and Japan for electric vehicles, to control the rate of environmental degradation and save fossil fuels.

Thus, the market has a bright future owing to the rapid growth being witnessed in the consumer electronics and automotive industries.

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This release was published on openPR.