Global Optical sensors Market to grow at a CAGR of 9.7% during 2016-2020 - Market Research and Forecast Report

Albany, NY, May 09, 2017: Optical sensors are devices that convert light or infrared rays into electronic signals. They can function in the presence or absence of light or infrared spectrum and form a part of a large electronic system. A signal from an optical sensor is analyzed or interpreted in different ways to detect the presence of a person, capture an image, or determine the position or movement of an object.

The global optical sensor market to grow at a CAGR of 9.7% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global optical sensor market for the period 2016-2020. To calculate the market size, the report considers the sale of optical sensors to global industries, individual customers, and government authorities.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Optical Sensors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Baumer Group
- First Sensor AG
- Honeywell International Inc.
- Omron Corporation
- Robert Bosch GmBH
- Rockwell Automation

Other prominent vendors
- Eaton
- General Dynamics
- Micron Optics
- Samsung Semiconductor
- Sick
- Smart Fibres
- STMicroelectronics

Market driver
- Proliferation of smartphones and tablets
- For a full, detailed list, view our report

Market challenge
- High initial and upgrading costs of sensors
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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