The global optical sensors market size reached US$ 19.2 billion in 2021. By 2027, it will reach US$ 36.15 billion, growing at a CAGR of 10.70% (2022-2027).
SHERIDAN, WYOMING, USA, Nov. 10, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Optical Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022 -2027”, offers a comprehensive analysis of the industry, which includes information on global optical sensors market trends. The report also includes competitor and regional analysis, as well as contemporary market advancements.
The global optical sensor market size reached US$19.2 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$36.15 billion by 2027, showing a growth rate (CAGR) of 10.70% over the period 2022-2027.
What is an optical sensor?
Optical sensors represent transducers that convert the physical quantity of light into electrical signals as needed. Some of the commonly available varieties include internal and external optical sensors. Sensors used to collect and transmit a required amount of light are called external, while internal sensors are used to measure or recognize curvatures and variations in direction. They are resistant to high temperatures and chemically reactive environments and can operate in a range of dynamic wavelengths. With this in mind, optical sensors have excellent optical resolution. Therefore, they find wide applications in several industries, such as consumer electronics, automotive, transportation, healthcare, etc., across the world.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Optical Sensors Market Trends and Drivers:
Expanding consumer electronics industry and increasing demand for energy-efficient devices are mainly driving the optical sensor market. Additionally, growing investments in smart cities, buildings and home projects are increasing the use of building automation solutions which typically allow homeowners to monitor and minimize energy consumption and control lighting, which further catalyzes the growth of the market.
In addition, the compactness and versatility of optical sensors allow many electronic equipment to include advanced features, including 3D mapping, restoration recognition, automatic brightness management, biometric identification, etc. Additionally, the widespread adoption of ambient sensors in automobiles for increased visibility in adverse conditions, automatic headlight dimming, position detection of curbs and nearby vehicles while parking, etc., also positively influence the global market.
Apart from this, the introduction of variants based on nanoscale Molecularly Imprinted Materials (MIPs) that exhibit enhanced performance over their conventionally sized counterparts is expected to drive the optical sensor market over the period. forecast.
Analysis and segmentation of the global optical sensors market 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Optical sensor companies:
ams-OSRAM AG, Analog Devices Inc., Broadcom Inc., Hamamatsu Photonics KK, Honeywell International Inc., ifm electronic gmbh, Keyence Corporation, OMRON Corporation, Panasonic Holdings Corporation, Rockwell Automation Inc., Rohm Co. Ltd., STMicroelectronics, Texas Instruments Incorporated and Vishay Intertechnology Inc.
The report has segmented the market on the basis of type, operation, sensor type, application, and industry vertical.
Breakdown by type:
• Intrinsic optical sensors
• Extrinsic optical sensors
Breakdown by operation:
• Diffuse reflection
Breakdown by sensor type:
• Fiber optic sensor
• Image sensors
• Photoelectric sensor
• Ambient light and proximity sensor
Breakdown by application:
• Pressure and strain detection
• Temperature detection
• Geological Survey
Breakdown by vertical industry:
• Consumer electronics
• Aeronautics and Defense
• Oil and Gas
• Health care
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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