Light Sensors Market Report, Growth, Development Factors and Forecast 2023-2028

As per the latest report by IMARC Group, titled “Light Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on light sensors market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global light sensors market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2028, exhibiting a growth rate (CAGR) of 10% during 2023-2028.

Light sensors represent devices used to measure radiant energy that ranges in frequency from infrared (IR) to ultraviolet (UV) light spectrum and converts it into electrical signals. These sensors can be connected to a sprinkler system to help farmers in keeping crops hydrated. They can also be utilized with weather-monitoring equipment to optimize the watering schedule. In line with this, light sensors are versatile and economical. Consequently, they are extensively used in freight shipping to detect the change in light exposure whenever a container is opened. As such, light sensors find wide-ranging applications in computers, television (TV) remotes, modern smartphones, automobiles, streetlamps, etc., to adjust the brightness and turn on the lights automatically.

The light sensors market is a growing industry that is expected to continue expanding in the coming years. Light sensors, also known as photodetectors, are devices that detect and measure light levels in a given environment. These sensors have a wide range of applications, including in the automotive, aerospace, and consumer electronics industries.

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Market Trends:

The growing investments by government bodies in the development of smart cities are primarily driving the light sensors market. Additionally, the emerging trend of home automation, owing to the inflating disposable income levels of individuals, is further catalyzing the market growth. Besides this, the widespread adoption of light sensors in quick response (QR) codes, barcode scanners, intrusion detection systems (IDS), etc., is acting as another significant growth-inducing factor. Moreover, miniaturization and advancements in light sensor technologies provide a wide array of optical sensors that are available in small packages at reasonable prices, which is positively influencing the global market. Apart from this, the increasing integration of the Internet of Things (IoT), Machine Learning (ML), Artificial Intelligence (AI), etc., with light sensors is also augmenting the market growth. Furthermore, the development of components that can measure the virus concentration in the air by using localized surface plasmon resonance (LSPR) technology is anticipated to fuel the light sensors market over the forecasted period.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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