Optical Sensors Market Size worth $36 Bn by 2026

Optical Sensors Market size is set to exceed USD 36 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Growing consumer electronics industry demand across the globe creates a lucrative opportunity for optical sensors market growth owing to the rising demand for tablets, smartphones, voice assistant devices, smartwatches, etc. With the rising demand in the market for security features, smartphones have implemented scanners with high dimensions with the use of optical sensors to verify and detect fingerprints. For example, in December 2017, Synaptics Incorporated announced the mass production of its first in-display fingerprint sensor designed for smartphones.  Moreover, advanced technologies have introduced capacitive touch screens used in optical sensors, which are feasible to use in mid-range products. Therefore, market players are implementing on-screen fingerprint authentication, which is likely to propel the demand in the optical sensors industry. In addition to this, the increasing demand for biometric technologies to strengthen the tracking and security feature is likely to create an exponential market opportunity for players.

 

Request Sample Buy NowInquiry Before Buying

 

Optical sensors are used in intelligent lighting, aiding in power saving due to their rapid and precise measurement. Intelligent lighting does not depend on manual on/off switch but automates the light correspondence with natural light in the room. In addition to this, several IoT applications, such as office equipment, home appliances, lighting control, thermostats, etc., are also using optical sensor devices owing to their longer detection range and power-saving features, which are likely to enhance their market position.
 

Increasing demand of fibre optic sensors in water and soil treatment industry

Global Optical Sensor Market Size, By Product, 2018 & 2026 (USD Million)
Global Optical Sensor Market Size, By Product, 2018 & 2026 (USD Million)

Get more details on this report - Request Free Sample PDF
 

Fiber optic sensors market trend has experienced significant acceptance from water and soil treatment industries as it offers high sensitivity and resistance to the electromagnetic field. These sensors are capable of transferring large amounts of data with less trouble and a minimum amount of electric power for transmitting signals. In October 2017, AOMS Technologies Inc. declared the implementation of (AOMS-FOS), a patented Fiber Optics Sensing Technology used to monitor soil and groundwater in Europe for In-Situ Thermal Remediation (ISTR) projects.
 

Browse key industry insights spread across 260 pages with 507 market data tables & 22 figures & charts from the report, “Optical Sensors 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 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/optical-sensor-market
 

Ambient & proximity sensor demand rises in consumer electronics

Ambient & proximity sensor market share will witness an upward trend in the consumer electronics sector due to its increasing integration into mobile phones and presence detection for long distance in monitors and computer displays. These sensors measure light in the room and accordingly adjust the brightness of the screen. In January 2019, ams AG launched an invisible in-display ambient light and proximity sensor for smartphones equipped with OLED displays. Adding to this, these sensors are also used to detect the position and presence of metal objects in process automation in factories. Therefore, the growing industrial automation is likely to boost the market opportunity for ambient & proximity light sensors.
 

Growing integration of optical sensors for health monitoring

Optical sensors market position for medical applications is driven by health monitoring, for instance, in glucose meters the optical sensors are embedded with camera-like devices to measure blood sugar levels. Owing to its small size, high accuracy and no response to electromagnetic radiation make these devices widely used in medical instruments. In June 2018, Scientists from Australian National University (ANU) designed an optical sensor that can be used as a wearable medical device to identify various diseases in real time. The device is 50 times slimmer than human hair and can eliminate the need for blood tests and other health approaches in the future. This will create market opportunities for these components in wearable point of care devices.
 

Growing demand for ADAS in Europe

The Europe optical sensors market is growing at the CAGR of 7% owing to rising implementation robotics in factory automation. Moreover, the presence of a massive automotive industry leads to high implementation of ADAS systems in vehicles, driving market growth in the region. Optical sensors in ADAS systems offer high camera resolution for blind spot detection, traffic sign recognition, and 360-degree view. The government is taking initiatives to enhance the adoption of ADAS systems in vehicles, which is likely to propel the optical sensors demand. For instance, in April 2019, the European Parliament passed a law to implement the safety feature system in vehicles by May 2022.
 

Major market players in the optical sensors market are ROHM Semiconductor, Vishay Intertechnology, Inc., Rockwell Automation, Inc, SICK AG, and Honeywell International Inc. The rising demand for optical sensors in industrial applications is creating a market opportunity for players. In December 2017, Rockwell Automation Inc. announced the acquisition of Odos Imaging, engaged in time-of-flight and three-dimensional sensing system to cater to imaging solutions for the industrial sector. This acquisition will enable the company to enhance its market position by using Odos’s imaging technology in sensing & safety products and offer solutions to a wide range of industrial applications such as logistics, packaging & material, automotive, and material handling.
 

Explore More on Related Topics:

Infographics

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X