According to a new report, published by KBV research, The Global Optical Sensors Market size is expected to reach $46.8 billion by 2030, rising at a market growth of 9.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,70,306.4 thousand units, experiencing a growth of 10.8% (2019-2022).
The Intrinsic Sensor segment is registering a strong potential in the the Global Optical Sensors Market by Type in 2022 thereby, achieving a market value of $25.6 billion by 2030. Intrinsic optical sensors enable contactless sensing, making them suitable for applications where physical contact might affect the integrity of the monitored material. The non-contact nature of intrinsic sensors facilitates non-destructive testing. Intrinsic optical sensors find extensive use in healthcare applications, including pulse oximetry, glucose monitoring, and medical imaging. Intrinsic optical sensors are integral to biomedical imaging techniques, including optical coherence tomography (OCT) and fluorescence imaging.
The Temperature Sensing segment is anticipated to have a CAGR of 10.2% during (2023 - 2030). Optical temperature sensors are utilized in various medical devices, including thermometers, incubators, and patient monitoring systems. Optical temperature sensors are employed in food processing and storage to monitor and control temperatures, ensuring food safety and quality. Optical temperature sensors are used in electronics and semiconductor manufacturing processes to monitor the temperature of components and equipment. Temperature monitoring in energy systems enhances efficiency, prolongs equipment lifespan, and supports the integration of renewable energy sources.
The Optical Temperature Sensors segment is leading the Global Optical Sensors Market by Sensor Type in 2022 thereby, achieving a market value of $12.3 billion by 2030. Optical temperature sensors typically offer fast response times, providing real-time temperature readings. Rapid temperature fluctuations involving a fast response need applications with an extremely quick response time. This feature is valuable in industrial processes, manufacturing, and research applications. Optical temperature sensors can often measure a wide range of extremely low to high temperatures. The ability to measure a broad temperature range makes optical temperature sensors versatile and suitable for diverse applications across industries, including automotive, aerospace, and materials processing.
The Healthcare segment is experiencing a CAGR of 10.6% during (2023 - 2030). Optical sensors are integral to pulse oximeters, measuring blood oxygen saturation levels by analyzing light absorption through tissues. Pulse oximetry is crucial for assessing respiratory function and oxygenation, aiding in the early detection of respiratory disorders and guiding interventions. Optical sensors contribute to non-invasive or minimally invasive blood glucose monitoring, eliminating the need for traditional fingerstick methods. Improved glucose monitoring enhances diabetes management, promoting better glycemic control and reducing the discomfort associated with frequent blood draws.
Full Report: https://www.kbvresearch.com/optical-sensors-market/
The Asia Pacific region dominated the Global Optical Sensors Market by Region in 2022 thereby, achieving a market value of $18.1 billion by 2030, growing at a CAGR of 9.6 % during the forecast period. The Europe region would witness a CAGR of 9.2% during (2023 - 2030). Additionally, The North America region is experiencing a CAGR of 9% during (2023 - 2030).
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Sensor Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End-use (Volume, Thousand Units, USD Billion, 2019-2030)
By Geography (Volume, Thousand Units, USD Billion, 2019-2030)
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