Global Light Sensor Market – Snapshot
Light sensing technology is undergoing advancements at a rapid pace and it is being largely used in different applications worldwide. Light sensors detect light and convert light energy to an electric signal output. The global light sensor market is estimated to expand at a sluggish pace during the forecast period. Growth of the market is primarily attributable to increasing demand from consumer electronics, transportation, smart homes, and automotive applications. Different types of electronic products are available in the marketplace and they are accessible for consumers. Light sensors have become a crucial element of these products due to a variety of design needs. In addition to this, light sensors are gaining significance, owing to their growing adoption in smart electronics. This is primarily because light sensors help adjust the intensity of LCD screens as per the amount of ambient light. They can conserve energy and deliver an appropriate amount of screen brightness to users. The global light sensor market is estimated to reach value of US$ 2,435.9 Mn by 2027 from US$ 1,210.6 Mn in 2018, registering a CAGR of 8.2% during the forecast period.
Light sensors are witnessing increase in the demand due to the rising demand for consumer electronics as well as smart electronics and wearable applications. Increasing demand for the smart home technology is expected to drive the global light sensor market during the forecast period. Additionally, manufacturers of smart home appliances can use different types of light sensors to reduce the power consumption of smart home devices. Demand for smart home appliances is likely to increase in the near future, as consumers are realizing the importance as well as benefits of installing energy-efficient products in homes. In order to raise the safety level of passengers and minimize the number of road accidents, different automotive manufacturers are incorporating light sensors in their vehicles for driver safety and driver assistance. This is expected to propel the global light sensor market in the next few years. Furthermore, these sensors have become one of the most important items of focus for electronics scientists and researchers. Light sensors are increasingly being adopted in the LCD backlight control application. Rising adoption of LCD-based devices would boost the demand for light sensors during the forecast period. These factors would offer immense opportunities to the global light sensor market in the next few years. Moreover, light sensors are being adopted largely by end–user industries such as healthcare, energy & power, and agriculture. Growing population along with rising commercialization is driving the adoption of smart electronic devices, which is anticipated to boost the global light sensor market in the next few years. Essential properties of light sensors make them a highly suitable choice for OEM manufacturers. On the flip side, low capabilities of light sensors and price-based competition are major factors expected to hinder the light sensor market during the forecast period.
The global light sensor market is fragmented in nature, with a large number of companies operating at the global level. Leading players are currently focusing on providing technologically advanced products to their customers. Increasing demand for light sensor-based applications and decreasing costs in the long run are expected to prompt investors to invest in this new technology in the near future. Maintaining quality standards is essential for light sensor manufacturers to comply with stringent government regulations that are set for different end-use industries in different countries across the world. Moreover, as a part of this strategy, companies are engaging in various acquisitions, and focusing on expanding their business and entering into strategic partnerships through new service additions and expansion of geographical presence.
Some of the major players operating in the global light sensor market and profiled in the study are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor.
Global Light Sensor Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the light sensor market at the global and regional levels. The report provides analysis for the period from 2017 to 2027, wherein 2019–2027 is the forecast period and 2018 is the base year. An in-depth and unbiased market assessment has been made to provide readers with comprehensive and accurate analysis. The report highlights all major trends anticipated to be witnessed in the global light sensor market from 2019 to 2027. It also focuses on market drivers, restraining factors, and opportunities for the global light sensor market during the forecast period. The study provides a complete perspective about growth of the light sensor market, in terms of value (in US$ Mn) and volume (Million Units), across various geographies including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes detailed value chain analysis that is focused on providing an extensive view of the global light sensor market. Porter’s five forces analysis has also been provided to help understand the competition scenario in the global light sensor market. The study incorporates market attractiveness analysis, wherein type, application, and end-use industry segments have been benchmarked based on their market size, growth rate, and attractiveness. In order to offer complete analysis of the overall competition scenario in the global light sensor market, every geographical region mentioned in the report is provided with attractiveness analysis.
The market overview chapter in the report explains market trends and dynamics which include market drivers, restraining factors, and the current and future opportunities for the global light sensor market. Market outlook analysis has also been provided in the report. Additionally, the report provides analysis of different business strategies being adopted by leading players operating in the global light sensor market. Market introduction chapter assists in getting an idea of different trends in the global light sensor market along with type, application, and end-use industry segments of the market.
Global Light Sensor Market: Scope of Report
The study provides a decisive view of the global light sensor market, by segmenting the market, based on type, into photo conductive cells, photo voltaic cells, and photo junction diodes. Based on application, the market has been classified into placement detection, brightness control, security, planning & agriculture, and others. In terms of end-use industry, the global light sensor market has been segregated into consumer electronics, automotive, aerospace & defense, energy & power, healthcare, transportation, and others. The report provides detailed region-wise segmentation of the global light sensor market and categorizes it at various levels, thereby providing valuable insights at micro and macro levels.
The report highlights the competition scenario in the global light sensor market, by ranking all major players according to their geographical presence and key recent developments. Insights for the light sensor market is a result of TMR’s extensive primary interviews, secondary research, and in-house expert panel reviews. Market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
Based on country/sub-region, the North America market has been segmented into the U.S., Canada, and Rest of North America. The Europe market has been categorized into France, Germany, the U.K., and Rest of Europe. At country level, the APAC light sensor market has been segmented into China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East & Africa comprises GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America includes Brazil and Rest of South America. This report provides all strategic information required to understand the global light sensor market along with type, application, and end-use industry segments of the market. The report provides insights into type, application, and end-use industry segments according to various geographical regions mentioned above.
Global Light Sensor Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings, investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and market white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the light sensor market across geographies. Primary interviews are usually conducted on an ongoing basis with market experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer new information on important factors such as market trends, market size, competition landscape, and growth trends. These factors help validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by TMR’s expert panel.
Global Light Sensor Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global light sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investments in and spending on light sensors and developments by major players are tracked. Some of the key players operating in the global light sensor market are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor.
The global light sensor market has been segmented as follows:
Global Light Sensor Market, by Type
- Photo Conductive Cells
- Photo Voltaic Cells
- Photo Junction Diodes
Global Light Sensor Market, by Application
- Placement Detection
- Brightness Control
- Planning & Agriculture
Global Light Sensor Market, by End-use Industry
- Consumer Electronics
- Aerospace & Defense
- Energy & Power
Global Light Sensor Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America