Press release
Ambient Light Sensor Market Forecast to 2023 and Top Players: ams AG, Texas Instruments, Broadcom Limited, Rohm Semiconductor, Intersil, Maxim Integrated, Panasonic, Vishay Semiconductor
Market Highlights
In this rapidly changing world of technology, ambient light sensor market is projected to show major growth prospects during the forecast period. Major factor driving the ambient light sensor market is the increasing adoption of smart homes and increasing implementation of ambient light sensors in smartphones and laptops. Growing demand from automotive sector is another major factor driving the growth of ambient light sensor market.
The global Ambient Light Sensor Market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the ambient light sensor market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of ambient light sensor market. This is owing to the presence of large number of established key players like Texas Instruments, ON Semiconductor and Broadcom Limited in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing demand for ambient light sensors in consumer electronics segment is expected to be one major factor for the growth of ambient light sensor market. Growing popularity of smart home appliances is another major factor driving the growth of ambient light sensor market in the region.
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In the global ambient light sensor market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, ambient light sensor market is projected to contribute faster to the growth of revenue backed by increasing demand for consumer electronics and growing popularity of smart home applications in countries such as Japan, China, South Korea and India. This is owning to the presence of key players like ams AG and Panasonic Corporation in the region.
The ambient light sensor market is growing rapidly over 10% of CAGR and is expected to reach at approx. USD 822 Million by the end of forecast period.
Key Players:
The prominent players in ambient light sensor market are – ams AG (Germany), Texas Instruments (U.S.), ON Semiconductor (U.S.), Broadcom Limited (U.S.), Rohm Semiconductor (Germany), OSRAM Opto Semiconductor (U.S.), Intersil (U.S.), Maxim Integrated (U.S.), Panasonic Corporation (Japan), Vishay Semiconductor (U.S.) among others.
Ambient Light Sensor Market Segmentation
The ambient light sensor market has been segmented on the basis of sensor type, output type, mounting style and application. The mounting style segment is bifurcated into SMD/SMT and through hole. In surface mount technology, the components are mounted directly under the screen and these help in adjusting the display brightness according to the outside surroundings.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in Ambient Light Sensor market in North America is attributed to technical advancements and increasing demand for ambient light sensors in consumer electronics in that region.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Original equipment manufacturers (OEMs)
• Technology Providers
• Government Bodies
• Automobile Companies
• Consumers
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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