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Optical Sensor Market Share

  • Report ID: GMI755
  • Published Date: Dec 2020
  • Report Format: PDF

Optical Sensor Market Share

Key players operating in the optical sensor industry are

  • ams AG
  • Keyence Corporation
  • ON Semiconductors
  • Omron Corporation
  • ROHM Co., Ltd.
  • Sick AG
  • Texas Instruments Incorporated
  • Vishay Intertechnology
  • Panasonic Corporation
  • TE Connectivity

Companies are leveraging various strategies, such as mergers, collaborations, and acquisitions, to increase their market share and profitability. For instance, in March 2020, TE Connectivity acquired majority market shares of First Sensor AG. The company has in-house manufacturing capabilities of high-precision optical sensors.

In addition, the industry players focus on new product development to stay competitive in the market. For instance, in October 2020, Omron Corporation announced the launch of a CMOS-based photoelectric sensor for optical sensing applications. The new optical sensor uses image array technology, which helps industrial automation equipment to detect the object’s opacity, color, or pattern changes.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

In 2019, industry size of optical sensors was valued over USD 19 billion, and it may exhibit a CAGR of 10% through 2026.

The fiber optic sensor held around 8% market share in 2019 and may depict 7.5% CAGR through 2026, driven by the fact that fiber products boast of electromagnetic field resistance, energy efficiency, and higher sensitivity.

The automotive & transportation segment held 10% industry share in 2019 and may grow at 11% CAGR through 2026, as the product is used majorly in numerous camera-enabled systems in automobiles.

The North America market accounted for 20% revenue share in 2019 and may expand at 9.5% CAGR through 2026, given the rise in the number of smart home connected devices in the U.S.

Optical Sensor Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 21
  • Tables & Figures: 524
  • Countries covered: 19
  • Pages: 360
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