Optical Sensor Market Size By Product (Photoelectric Sensors {Through Beam, Retro-Reflective, Diffuse}, Ambient & Proximity Light Sensors, Image Sensors{Complementary Metal–Oxide–Semiconductor (CMOS), Charge-Coupled Device (CCD)}, Fibre Optic Sensors{Extrinsic, Intrinsic}), By Application (Consumer Electronics, Industrial, Automotive & Transportation, Food & Beverage, Medical), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Nov 2019  |  Report ID: GMI755  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 260   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Optical Sensor Market size surpassed USD 17 billion in 2018 and is expected to grow at a CAGR of over 9% from 2019 to 2026.
 

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Optical sensors are devices, which are used to process light or infrared rays into electronic signals. These sensors are lightweight and offer various benefits, such as compactness and flexibility, which boost their adoption in various end-use industries.  Optical sensors are used in a wide range of applications such as gesture recognition, occupancy sensing, smart heating, etc. The rising adoption of automation in various sectors, such as aerospace & defense, manufacturing, oil & gas, etc., is accelerating optical sensor market growth.
 

Major players in the market are investing in advancements in optical sensor technology to cater to high demand in end-use applications such as military & aerospace, medical, etc. In June 2019, Hamamatsu Photonics K.K launched an InGaAs area image sensor used to detect short wavelength infrared light. These sensors are installed in hyperspectral cameras, which will be used for plastic recycling. In addition, with the adoption of smart devices, the companies are focusing on developing miniature sensor components to increase the market share. For instance, in July 2019, Vishay Intertechnology, Inc. launched a new ambient light sensor for sports bands and smartwatches. With the growing prominence of industry 4.0, the adoption of optical sensors has increased in manufacturing applications for various end-use industries, which is likely to increase market share in coming years.
 

The difference in image quality and high cost of optical sensors are the major factors that may hinder the market growth. Manufacturers are highly concerned regarding the prices of optical sensors, which are mainly observed in the consumer electronics market due to optimal pricing by major players. Moreover, several small players in the market are facing difficulty in product differentiation, resulting as a potential barrier to enter high-volume applications. To overcome this challenge, companies are focusing on efficient and advanced technologies that will support in the miniaturization of optical sensor with superior performance.
 

Optical Sensor Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: Over USD 17 Billion
Historical Data for: 2015 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 9% 2026 Value Projection: Over USD 36 Billion
Pages: 260 Tables, Charts & Figures: 529
Geographies covered (21): U.S., Canada, UK, Germany, France, Italy, Russia, Spain, Switzerland, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, Argentina, Chile, GCC, South Africa
Segments covered: Product, Application and Region
Companies covered (15): ams AG, Broadcom Limited, HTM Sensors , Keyence Lite-On , Omron, ON Semiconductor , Panasonic Corporation ,Rockwell, ROHM Semiconductor, Sensopart Industriesensorik, SICK AG, Texas Instruments, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION , Vishay
Growth Drivers:
  • Industry 4.0 to drive demand for image and photoelectric sensor
  • Rising demand for ADAS system in vehicles
  • Flourishing consumer electronics industry in Asia Pacific
  • Increasing use of optical sensors in medical applications
  • Deployment of fibre optic sensors in aerospace and defense applications
Pitfalls & Challenges:
  • Rising substitutes for optical sensors

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Rising integration of high-resolution image sensors as an opportunity for the market

On the basis of product, the optical sensor market is segmented into photoelectric sensors, ambient & proximity light sensors, image sensors, and fiber optic sensors. The image sensors provide a high-quality resolution and compact camera module, increasing their implementation by major industry OEMs. Major market players are focusing on developing and launching new products for tablets and smartphones, which are projected to boost the market opportunity for image sensors. For instance, in October 2017, Samsung Electronics launched two new image sensors “ISOCELL Bright GD1 and ISOCELL Bright GM1” for smartphone applications. These sensors offer reduced pixel size, smaller camera module, and high flexibility and aid smartphone manufacturers to build slim and bezel-less smartphones. Moreover, in the optical sensor market, image sensors are sub-segmented by technology into CMOS and CCD. Most of the cameras used in smartphones or tablets use CMOS technology as it has less power consumption, small size, and faster frame rate in comparison with CCD cameras (charge coupled device). For example, in August 2019, Xiaomi announced to launch Samsung's 108MP ISOCELL CMOS sensor in its smartphone “Xiaomi Mi Mix 4”. The company offers users with a standard size camera and pictures of 12032 x 9024 resolutions.
 

Growing adoption of photoelectric sensors in industrial applications will drive the market growth

Global Photoelectric Sensor Market Share, 2018
Global Photoelectric Sensor Market Share, 2018

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Photoelectric sensor is majorly used in the manufacturing industry such as food & beverages, material handling, medical, and packaging. These sensors offer various features, such as compactness, long range, and high precision, for object detection. Therefore, these sensors are experiencing a growing adoption in automated machinery mainly for measurements such as monitoring, machine tools, counting, conveyor mechanism, transportation system, and non-contact detection. Moreover, the rising inclination to implement automation and robotics through Industry 4.0 will enhance the need for accuracy in operations. This is likely to propel development and opportunity in the optical sensor market.
 

Increasing implementation of ADAS system and night vision systems

Based on application, the market is segmented into consumer electronics, industrial, automotive, food & beverage, and medical.  The increasing implementation of ADAS will boost the demand for the optical sensor market. The optical sensors are mostly used in driver assistance system for lane-keeping assistant, parking assistant, and emergency brake assistant systems. These optical sensors based on infrared lasers and LEDs are used in ADAS system to enhance safety experience. In September 2018, the India Union Ministry for Road and Highway Transport declared that road safety in the country will be increased by the installation of ADAS systems in all cars by 2022.
 

Flourishing consumer electronics industry of Asia Pacific to drive demand

Asia Pacific Optical Sensors Market Size, By Region, 2018 & 2026 (USD Million)
Asia Pacific Optical Sensors Market Size, By Region, 2018 & 2026 (USD Million)

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The Asia Pacific is projected to dominate the market and is growing at a CAGR of 11% owing to major consumer electronics manufacturers in China, India, and Japan. The smartphone manufacturing in China is continuously growing due to easy availability of raw materials and component suppliers. This is one of the major factors enhancing the use of optical sensor in the region. Moreover, manufacturing companies are adopting several business strategies to enhance their business in the region, which is likely to propel the market share for optical sensor in the region. For instance, in December 2018, TCL invested USD 286.16 million to set up a new manufacturing facility in India and is expected to sell approximately 1 million units by 2019.
 

New product development is a major market growth strategy

The optical sensor industry is highly competitive due to the presence of several strong and leading market players worldwide with their large distribution networks. The prominent players present in the market are ROHM Semiconductor, Vishay Intertechnology, Inc., Rockwell Automation, Inc, SICK AG, and Honeywell International Inc. These major players of optical sensors in the market are coming with various strategies to leverage their market share and profitability. Major players in the market are launching innovative products for various industries to enhance their market position. Moreover, in June 2018, Apple Inc. launched a system that implements a motion sensor in the interior of smartphone to identify when the device has been dropped. Also, an inductive proximity sensor is placed on the outside body of the device, which is also used to detect potential impact surface.
 

The optical sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

By Product

  • Photoelectric sensors
    • Through-beam
    • Retro-reflective
    • Diffuse
  • Ambient & proximity light sensors
  • Image sensors
    • CMOS
    • CCD
  • Fiber-optic sensors
    • Extrinsic
    • Intrinsic

By Application

  • Consumer Electronics
  • Industrial
  • Automotive & Transportation
  • Food & Beverage
  • Medical

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
  • Middle East & Africa
    • GCC
    • South Africa
       

Frequently Asked Questions (FAQ) :

Optical sensors are devices, which are used to process light or infrared rays into electronic signals. These sensors are lightweight and offer various benefits, such as compactness and flexibility, which boost their adoption in various end-use industries.
Optical sensors are mostly used in driver assistance system for lane-keeping assistant, parking assistant, and emergency brake assistant systems. These sensors based on infrared lasers and LEDs are used in ADAS system to enhance safety experience.
The Asia Pacific region is projected to dominate the market and will grow at a CAGR of over 11% from 2019 to 2026 owing to major consumer electronics manufacturers in China, India, and Japan.

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