The Asia Pacific Light Sensor Market would witness market growth of 13.1% CAGR during the forecast period (2020-2026). Light detectors are used to detect electromagnetic radiation. Commonly, this radiation falls in the spectral range from ultraviolet to infrared. A light sensor is a particular type of photodiode that detects the level of current ambient light. Light sensors are increasingly implemented in consumer electronics like tablets and smartphones, outdoor lighting, the automotive sector, and smart homes. This factor drives the demand for light sensors.
The market for light sensors has been developing in consumer electronics, automotive, and industrial machineries. The increasing implementation of ambient light sensors and proximity sensors in mobile devices has increased the development of the consumer electronics segment in the light sensors market. The technologies in the car with in-built proximity sensors and gesture recognition features have provided the driver with a user-friendly interface. Besides, the growing safety of drivers and assistance is encouraging the development of the market for the automotive sector. Furthermore, the increasing focus of manufacturers on energy saving by light sensors has anticipated to propel the adoption in the industrial sector. The lighting fixtures integrated with light sensors offer cost-saving benefits and long-lasting light.
Due to sensor systems’ features such as superior security, automation, and comfort, they are used extensively in various applications. The market competition is becoming severe with constant advancement in the reliability and quality of light detection products. However, one of the limitations of the market could be the increasing cost of innovation in sensor design and manufacturing. Moreover, global supply chains and the economy have been disrupted due to the outbreak of the COVID-19 pandemic. This could be the potential restraint for market growth and hence cause market uncertainty for a short period. Considering the huge demand for light sensing applications in different industries in the coming future, these limitations should be overcome with the help of innovative methods and solutions.
Based on Function, the market is segmented into Proximity Detection, Ambient Light Sensing, RGB Color Sensing, Gesture Recognition and Others. Based on Output, the market is segmented into Digital and Analog. Based on End User, the market is segmented into Consumer Electronics, Automotive, Healthcare, Industrial and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Light Sensor Market in Asia Pacific is expected to register a CAGR of 13.1% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Broadcom, Inc., Analog Devices, Inc., Cognizant Technology Solutions Corporation, Samsung Electronics Co., Ltd. (Samsung Group), STMicroelectronics N.V., Sharp Corporation, Rohm Semiconductors Co., Ltd., Vishay Intertechnology, Inc., Everlight Electronics Co., Ltd. and AMS AG.
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Companies Profiled
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