As per the latest report by IMARC Group, titled “Light Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global light sensors market reached a value of US$ 3 Billion in 2020. Light sensors refer to devices that detect the ambient light level from the surroundings and convert them into electrical signals. There are various types of light sensors, such as photoresistors, photodiodes and phototransistors, which operate slightly differently and have unique applications. Nowadays, light sensors are gaining popularity as economical and versatile equipment that can be connected to sprinkler systems for watering the crops and weather-monitoring instruments for scheduling the water dispensation.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Light Sensors Market Trends:
The global light sensors market is primarily driven by its increasing applications in various industries. In consumer electronics, light sensors are widely used in television (TV) remotes, smartphones, tablets and computers to allow auto screen brightness adjustments. Light sensors also find applications in smart homes, automobiles and outdoor lightings to adjust the brightness and turn on the lights automatically. Besides this, these sensors are employed in circuits for shipment cargo to detect whenever a container is open due to the change in light exposure, which helps in better processing of lost goods and tracking personnel. Moreover, miniaturization and advancements in light sensor technologies offer a wide variety of optical sensors that are available in small packages at reasonable prices. Furthermore, the integration of the Internet of Things (IoT), Machine Learning (ML), and Artificial Intelligence (AI) with light sensors has increased the utility and range of ambient light detectors, which is positively influencing the market growth. Looking forward, the market value is expected to reach US$ 3.4 Billion by 2026, exhibiting a CAGR of 10.4% during the forecast period (2021-2026).
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/light-sensors-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- AG
- Apple Inc.
- Broadcom Inc.
- Everlight Electronics Co. Ltd.
- Maxim Integrated Products Inc.
- ROHM Co. Ltd.
- Samsung Electronics Co. Ltd.
- Sharp Corporation (Foxconn Group)
- Sitronix Technology Corp.
- STMicroelectronics SA
- Texas Instruments Incorporated
- Vishay Intertechnology Inc
Light Sensors Market Segmentation:
Our report has categorized the market based on region, function, output, integration and end use industry.
Breakup by Function:
- Ambient Light Sensing
- Proximity Detection
- RGB Color Sensing
- Gesture Recognition
- UV/Infrared Light (IR) Detection
Breakup by Output:
- Analog
- Digital
Breakup by Integration:
- Discrete
- Combination
Breakup by End Use Industry:
- Consumer Electronics
- Automotive
- Home Automation
- Industrial Automation
- Healthcare
- Entertainment
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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