Light Sensors Market Estimated to Exceed US$ 5.2 Billion Globally By 2027 | CAGR of 10.4%

As per the latest report by IMARC Group, titled "Light Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on light sensors market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global light sensors market size reached US$ 2.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting a growth rate (CAGR) of 10.4% during 2022-2027.

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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