Light Sensor Market Recent Trends, Developments, Challenges and Opportunities

Countries such as India, China, and Brazil are currently focusing on the establishment of smart cities to preserve energy and improve the living standard of their citizens. As smart cities aim to reduce energy consumption, governments of such countries are increasingly integrating sensors in their lighting systems, which have exceptional energy efficiency.

Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity. Thus, the surging construction of smart cities in these developing countries will boost the adoption of light sensors in the foreseeable future. Moreover, the increasing use of consumer electronics will also drive the light sensor market at a CAGR of 9.5% during the forecast period (2020–2030).

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According to PS Intelligence, the market generated a revenue of $1,456.2 million in 2019. Automatic screen brightness control and several other features in consumer electronics, such as smartphones and tablets, require light sensors for sensing lights. Thus, the rising uptake of smartphones, primarily on account of the booming youth population, will drive the demand for light sensors in the upcoming years.

Companies operating in these industries are using light sensors being manufactured by ams AG, Broadcom Inc., Panasonic Corporation, Vishay Intertechnology Inc., Everlight Electronics Co. Ltd., STMicroelectronics N.V., Maxim Integrated Products Inc., Sharp Corporation, ROHM Co. Ltd., and Texas Instruments Incorporated. Manufacturing facilities of these end-use industries either use a combination of light sensors or a discrete light sensor in their end products.

In addition to the consumer electronics sector, the automotive, healthcare, entertainment, agriculture, aerospace and defense, and manufacturing industries are also creating a huge requirement for light sensors worldwide. This market research report provides a comprehensive overview of the market

Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential
Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings