Light sensors are widely used in consumer electronics, industrial, automotive, healthcare, and entertainment sectors. Out of these sectors, the automotive sector is predicted to observe the highest growth in the usage of light sensors in the coming years. This is mainly attributed to the increasing incorporation of advanced driver assistance systems (ADAS) in automobiles, which require light sensors for park assist, light sensing, and several other applications.
Increasing adoption of light sensors in consumer electronics, growing demand for smart home technology solutions, and increasing use of internet of things (IoT) sensors in the automotive sector are some of the major factors driving the growth of light sensor market across the world. Based on function, the light sensor market has been categorized into ambient light sensing, gesture recognition, RGB color sensing, proximity detection, and infrared radiation (IR) detection.
Owing to the mushrooming demand for these devices from the younger population, especially the millennials. Moreover, the soaring population in several countries will further boost the demand for customer electronic devices across the world. Due to these factors, the global light sensor market attained a valuation of $1,456.2 million in 2019 and is predicted to advance at a CAGR of 9.5% during the forecast period (2020–2030).
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Among these, the ambient light sensing category held the largest share in the market in 2018. This can be attributed to the increasing use of ambient light sensors in automobiles for automatic dimming and visibility maintenance. Moreover, ambient light sensors help save battery power through the automatic adjustment of the backlight. Owing to this, the demand for these sensors is increasing globally.
This market research report provides a comprehensive overview of the light sensor market
- Historical and the present size of the light sensor 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
