Global Light Sensor Market – Industry Trends and Forecast to 2029

Light Sensor Market Analysis and Size

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.

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 Sensor Market Scope and Segmentation

Market Definition

Light sensors function by detecting the intensity of light. Based on light energy levels, it holds current, increases resistance, or collects current. It also generates electrical output proportional to the brightness of a specific light source. Light sensors are also used to detect light that human eyes cannot see, such as infrared, ultraviolet, and x-ray. Photo resistors and photodiodes are two of the most common types of light sensors. Photo tubes, photovoltaic cells, photo transistors, photomultiplier tubes, and other light sensors are also examples of light sensors. Light sensors are simple and dependable, and they have numerous applications in motion sensors, robotics, automation, and other technologies.

Global Light Sensor Market Dynamics

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.

Opportunity

Adoption of the internet of things and artificial intelligence, as well as technological advancement, will create enormous opportunities for the growth of the light sensor market during the forecast period.

Restraints

Light source fluctuations, as well as stringent government regulations, are acting as market restraints for light sensors during the forecasted period.

This light sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Light Sensor Market

The world is currently dealing with a pandemic, which has had an impact on the development and growth of the Ambient Light Sensor Market. Many businesses are shifting their operations to remote working, while production facilities are operating at reduced capacity. Countries are imposing indefinite lockdowns, which has impacted supply chains. Besides, the light sensor market has been severely impacted as funding from various sources is dwindling. Organizations are struggling to generate revenues which have further undermined the capabilities of attracting funds. Hence light sensor market growth has almost come to a standstill. It is being expected that the ambient light sensor market share will increase after the pandemic is over.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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.

Global Light Sensor Market Scope

The light sensor market is segmented on the basis of function, output, integration, type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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 light sensor market is analysed and market size insights and trends are provided by country, function, output, integration, type, application and end user as referenced above.

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 North American region dominates the light sensor market. This is due to the country's much faster adoption of new technologies than other regions. Furthermore, North America has rapidly growing consumer electronics and automobile markets, which has accelerated the growth rate of the light sensor market in this region.

Asia-Pacific will be discovering highest growth rate. As major manufactures are present in this region along with increasing demand for consumer electronics. Besides, a good growth rate is expected in the European region due to high involvement in the automobile sectors and consumer electronics.

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.   

Competitive Landscape and Light Sensor Market Share Analysis

The light sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light sensor market.

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.)

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