Data Bridge Market Research analyses that the Light Sensor Market which was growing at a value of 3.55 billion in 2021 and is expected to reach the value of USD 8.54 billion by 2029, at a CAGR of 11.60% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Light sensing technology is undergoing rapid advancements and is being largely used in different applications worldwide. Light sensors detect light and convert it into an electrical signal. The global light sensor market is expected to expand slowly during the forecast period.
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Global Light Sensor Market Drivers
- Growing development of smart cities
The growing establishment of smart cities is a key trend in the light sensor market. The lights in such cities will need to be energy efficient, which is why they will be equipped with sensors, specifically for ambient light sensing. When it gets dark, the lights will switch on or increase in brightness automatically. Similarly, when there is plenty of natural light, artificial lights will either reduce their brightness or turn off automatically, saving electricity. With the increasing construction of smart cities in developing countries the demand for light sensing devices will also surge.
- Uptake in consumer electronic devices
Factors such as sensor miniaturisation, increased consumer electronics use, and increased demand for renewable energy are driving up demand for light sensors. Furthermore, advancements in the automotive sector, smart homes, and outdoor lighting are expected to drive market growth. Advanced manufacturing technologies, low-cost and high-speed electronic circuits, and novel signal processing methods have fuelled recent advancements in sensor technologies. These new advancements in the field provide robust technical solutions, increasing the economic efficiency, reliability, and quality of technical products.
Some of the major players operating in the light sensor market are:
- Texas Instruments Incorporated (U.S.)
- Panasonic Corporation (Japan)
- Siemens (Germany)
- Honeywell International Inc. (U.S.)
- ABB (Switzerland)
- Analog Devices, Inc. (U.S.)
- General Electric Company (U.S.)
- Kongsberg (Norway)
- Emerson Electric Co. (U.S.)
- STMicroelectronics (Switzerland)
- Microchip Technology Inc. (U.S.)
- NXP Semiconductors (Netherland)
- Maxim Integrated (U.S.)
- Mouser Electronics, Inc. (U.S.)
- Robert Bosch GmbH (Germany)
- T.E. Connectivity (Switzerland)
- OMEGA Engineering Inc. (U.S.)
- Semiconductor Components Industries, LLC (U.S.)
- Endress+Hauser Hauser Group Services AG (Switzerland)
- Amphenol Corporation (U.S.)
Recent Developments
- In November 2020 STMicroelectronics introduced VL53L5. The product expanded the FlightSense Time-of-Flight (ToF) sensor portfolio. It improves laser autofocus, presence detection, touch-to-focus, and gesture interfaces dramatically, allowing developers to create more innovative imaging applications.
- In November 2020 Rohm introduces VCSEL technology. With the introduction of Automated Guided Vehicles (AGVs) and industrial inspection systems that use gesture and shape recognition, demand for VCSEL is expected to rise.
- In November 2020 Vishay introduced a new fully integrated Automotive Grade proximity and ambient light sensor for gesture recognition. The AEC-Q101 certified sensor features an interrupt function and supports the I2C bus communication interface for portable electronics and smart home, industrial, and automotive applications.
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Global Light Sensor Market Scope
Function
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- I.R. Detection
Output
- Analog
- Digital
Integration
- Discrete
- Combination
Type
- Photo Conductive Cells
- Photo Voltaic Cells
- Photo Junction Diodes
Applications
- Placement Detection
- Brightness Control
- Security
- Planning
- Agriculture
End users
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Entertainment
Light Sensor Market Regional Analysis/Insights
The countries covered in the light sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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