Press release
Light Sensors Market Estimated to Exceed US$ 5.2 Billion Globally By 2027 | CAGR of 10.4%
Light Sensors Market
Light sensors represent devices used to measure radiant energy that ranges in frequency from infrared (IR) to ultraviolet (UV) light spectrum and converts it into electrical signals. These sensors can be connected to a sprinkler system to help farmers in keeping crops hydrated. They can also be utilized with weather-monitoring equipment to optimize the watering schedule. In line with this, light sensors are versatile and economical. Consequently, they are extensively used in freight shipping to detect the change in light exposure whenever a container is opened. As such, light sensors find wide-ranging applications in computers, television (TV) remotes, modern smartphones, automobiles, streetlamps, etc., to adjust the brightness and turn on the lights automatically.
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Market Trends:
The growing investments by government bodies in the development of smart cities are primarily driving the light sensors market. Additionally, the emerging trend of home automation, owing to the inflating disposable income levels of individuals, is further catalyzing the market growth. Besides this, the widespread adoption of light sensors in quick response (QR) codes, barcode scanners, intrusion detection systems (IDS), etc., is acting as another significant growth-inducing factor. Moreover, miniaturization and advancements in light sensor technologies provide a wide array of optical sensors that are available in small packages at reasonable prices, which is positively influencing the global market. Apart from this, the increasing integration of the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), etc., with light sensors is also augmenting the market growth. Furthermore, the development of components that can measure the virus concentration in the air by using localized surface plasmon resonance (LSPR) technology is anticipated to fuel the light sensors market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• AG
• Apple Inc.
• Broadcom Inc.
• Everlight Electronics Co. Ltd.
• Maxim Integrated Products Inc.
• ROHM Co. Ltd.
• Samsung Electronics Co. Ltd.
• Sharp Corporation (Foxconn Group)
• Sitronix Technology Corp.
• STMicroelectronics SA
• Texas Instruments Incorporated
• Vishay Intertechnology Inc
Light Sensors Market Segmentation:
Our report has categorized the market based on region, function, output, integration and end use industry.
Breakup by Function:
• Ambient Light Sensing
• Proximity Detection
• RGB Color Sensing
• Gesture Recognition
• UV/Infrared Light (IR) Detection
Breakup by Output:
• Analog
• Digital
Breakup by Integration:
• Discrete
• Combination
Breakup by End Use Industry:
• Consumer Electronics
• Automotive
• Home Automation
• Industrial Automation
• Healthcare
• Entertainment
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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