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Contact usGlobal Optical Sensors Market, Sales Analysis, Mar...
RD Code : 53432Global Optical Sensors Market, Sales Analysis, Market Revenue, Industry Drivers & Opportunities, Recent Trends & Developments, COVID-19 Impact, Regional Outlook, and Forecast 2022 - 2030, By Product Type (Ambient Light and Proximity Sensor, Fiber Optic Sensor, Image Sensor, Infrared Detector, Photoelectric Sensor, Other Products); By Output (Analog, Digital); By Integration (Discrete, Combination); By Application (Biometric & Ambient Light Sensing, Biomedical Sensing, Fiber Optic Chemical Sensing, Temperature Sensing, Radiation Detection, Displacement & Position Sensing, Acoustic Field &Vibration sensing, Pressure & Strain Sensing, Geographical Survey, Metrology); By End user (Aerospace and Defense, Automotive, Building Automation, Chemical, Consumer Electronics, Food and Beverage, Manufacturing, Material Handling, Healthcare, Security and Surveillance); and Region (North America, Europe, Asia Pacific, South America, and Middle East and Africa)
Categories: Electronics & Semiconductor
Format : 
Market Outlook
According to Future Market Consulting analysis, Global Optical Sensors Market size was valued at USD 23.81 Billion in 2021 and is projected to reach USD 52.39 Billion by 2030, growing at a CAGR of 8.37 % from 2022 to 2030.
The growing popularity of wearable healthcare gadgets in developed nations is likely to boost revenue in the optical sensor business. Pulse oximeters, smartwatches, Fit bits and other wearable healthcare equipment are coupled with optical sensors to provide real-time patient's medical monitoring solutions. These sensors are suited to be utilized in healthcare wearable devices due to their high precision, small size, and inability to respond to an electromagnetic wave. According to our estimations, around 21% of U.S. consumers frequently use a wristwatch or wearable fitness tracker; thus, market participants are launching technically advanced products using optical sensor technology to meet the rising market for wearable healthcare devices.
The COVID 19 epidemic has had a significant impact on crucial production and manufacturing processes in a wide range of industrial sectors. Conversely, the COVID 19 has raised demand in the healthcare sector for diagnosis and prevention measures. Potential characteristics in optical sensing devices like energy monitoring and other optimization features are fueling the overall expansion of the Optical sensor market. In contrast hand, the need for biosensors and biomarkers has surged throughout the epidemic, creating a larger opportunity for the optical sensor industry to grow.
The expansion of a IoT system is an essential element in the growing need for optical sensors. The increased consumption of consumer electronics, primarily smartphones and smart devices, is driving up consumption for optical sensors indirectly. The emergence of mobile phones with capabilities such as 3D imagery, facial identification, iris recognition, and so on facilitated the development of optical sensors. The advantages of optical sensors, like its compact, cheap, active architecture, and flexible sensing range, aid in maintaining the industry's rate of growth.
Market Dynamics
Drivers
- Prevalence of nanotechnology in manufacturing
- Rising demand for biosensors & biomarkers in pharmaceutical industry
- Technological developments such as autonomous vehicle
Challenges
- With the increasing the functionality increases the manufacturing & production cost
Opportunities
- Increasing deployment of Industry 4.0 in developed & developing nations
Key Players
- Oxsensis Ltd (U.K.)
- TE Connectivity Ltd. (Switzerland)
- AMS AG. (Austria)
- ABB Ltd. (Switzerland)
- Texas Instrument Incorporated (U.S.)
- Infineon Technologies AG. (Germany)
- Sony Corporation (Japan)
- ROHM Company Ltd (Japan)
- Hamamatsu Photonics K.K. (Japan)
- Analog Devices Inc. (U.S.)
- STMicroelectronics N.V. (Switzerland)
- Teledyne Technologies Incorporated (U.S.)
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Report Attributes |
Details |
|
Market Size Value In 2021 |
USD 23.81 billion |
|
Revenue Forecast In 2030 |
USD 52.39 billion |
|
CAGR |
8.37% from 2022 - 2030 |
|
Base Year |
2021 |
|
Historical Data |
2017 - 2020 |
|
Forecast Period |
2022 - 2030 |
|
Segments Covered |
By Product Type (Ambient Light and Proximity Sensor, Fiber Optic Sensor, Image Sensor, Infrared Detector, Photoelectric Sensor, Other Products); By Output (Analog, Digital); By Integration (Discrete, Combination); By Application (Biometric & Ambient Light Sensing, Biomedical Sensing, Fiber Optic Chemical Sensing, Temperature Sensing, Radiation Detection, Displacement & Position Sensing, Acoustic Field &Vibration sensing, Pressure & Strain Sensing, Geographical Survey, Metrology); By End user (Aerospace and Defense, Automotive, Building Automation, Chemical, Consumer Electronics, Food and Beverage, Manufacturing, Material Handling, Healthcare, Security and Surveillance); |
|
Regional Scope |
North America (US, Canada, Mexico); Europe (UK, Germany, France, Italy, Spain, Rest of Europe); Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific); Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa); South America (Brazil, Argentina, Rest of South America); |
|
Key Companies |
Oxsensis Ltd (U.K.), TE Connectivity Ltd. (Switzerland), AMS AG. (Austria), ABB Ltd. (Switzerland), Texas Instrument Incorporated (U.S.), Infineon Technologies AG. (Germany), Sony Corporation (Japan), ROHM Company Ltd (Japan), Hamamatsu Photonics K.K. (Japan), Analog Devices Inc. (U.S.), STMicroelectronics N.V. (Switzerland), Teledyne Technologies Incorporated (U.S.) |
Segment Insights
- Based on Product Type, Photoelectric sensor accounted for largest market share in 2021 owing to the rising demand for robotic automation in manufacturing sector across various industries.
- Based on Output, digital sensor has grown exponentially in 2021. Factors such as ease of functioning, reliability, compactness & performance are the driving the market growth and is expected continue its growth in forecasted period 2022 – 2030.
- Based on Integration, combination sector held the substantial amount of market share in 2021 attributed to the rising demand for smart & compact multifunctioning devices.
|
Parameter |
2018 |
2021 |
2030 |
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Global Revenue (USD MN) |
XX.XX |
XX.XX |
XX.XX |
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Geographic Share (% Revenue Basis) |
North America: XX% Europe: XX.XX% Asia Pacific: XX.XX% Latin America: XX.XX% Middle East & Africa: XX.XX% |
North America: XX% Europe: XX.XX% Asia Pacific: XX.XX% Latin America: XX.XX% Middle East & Africa: XX.XX% |
North America: XX% Europe: XX.XX% Asia Pacific: XX.XX% Latin America: XX.XX% Middle East & Africa: XX.XX% |
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CAGR (%) |
XX.XX% |
XX.XX% |
XX.XX% |
Recent Developments
- March’21 – Sony Corp revealed the imminent arrival of the 'IMMX661' huge size 56.73, diagonally CMOS image sensor for industrial machinery with the worldwide shutter feature and the largest & most efficient pixel density in the industry of 127.68mp.
- Jan’21 – Honeywell introduced an optical caliper sensor to assist in the optimization of lithium-ion battery manufacturing which offers an efficient method for measuring the actual thicknesses of electrocatalyst while coating as well as manufacturing at the pressing station.
Regional Insights
- Due to the boom in autonomous driving systems, Europe is the fastest expanding market for optical sensors. This region is deploying robotics in manufacturing and production industries for automation, and the ministry is supporting the adoption, which is likely to drive optical sensor demand across the region.
- Due to the high demand for electronics products and also the emergence of industrial major stakeholders in India, Japan, and China, Asia Pacific is predicted to grow tremendously during the projection period 2022 - 2030. Increased internet penetration and an increasing prevalence of smartphone users will hold the significant market share in the Middle East and Africa region.
Segmentation
By Product Type
- Ambient Light and Proximity Sensor
- Fiber Optic Sensor
- Image Sensor
- Infrared Detectors
- Photoelectric Sensor
- Other Products
By Output
- Analog
- Digital
By Integration
- Discrete
- Combination
By Application
- Biometric
- Ambient Light Sensing
- Biomedical Sensing
- Fiber Optic Chemical Sensing
- Temperature Sensing
- Radiation Detection
- Displacement & Position Sensing
- Acoustic Field & Vibration Sensing
- Pressure & Strain Sensing
- Geographical Survey
- Metrology
By End User
- Aerospace & Defense
- Automotive
- Building Automation
- Chemical
- Consumer Electronics
- Food & Beverage
- Manufacturing
- Material Handling
- Healthcare
- Security and Surveillance
By Region
- North America (US, Canada, Mexico);
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
- Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);
- South America (Brazil, Argentina, Rest of South America);
Base Year:2021
Historical Data:2018 To 2020
No of Pages:144
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Future Market Consulting is a research-based management consulting company that provides strategic advice to help clients on critical business perspectives: strategy, marketing organization operations and technology transformation.
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