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Global Light Sensor Market to reach USD 6.48 billion by 2027.

Global Light Sensor Market Size study, by Function (Ambient Light Sensing, Proximity Detection, RGB Colour Sensing, and IR Detection), Output (Analog and Digital), End Use (Automotive, Consumer Electronics, Industrial, Healthcare, and Others), and Regional Forecasts 2021-2027

Product Code: EESAC_92002306
Publish Date: 24-03-2021
Page: 200

Global Light Sensor Market is valued approximately USD 3.16 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2021-2027. Light sensor is an electrical device used to measure and convert physical measurements into analog signal. Laser sensor works on the basis of the theory of triangulation principle. The increasing use of laser sensors in manufacturing and automation sector, low cost and high speed electronic circuits, innovative signal processing methods and advanced technological manufacturing are some of the factors driving the light sensor market across the world. With the growth in use of electronics, sensor technologies, smart homes, etc. makes light detector a preferred technology as it detects the presence of multiplexing, electromagnetic interference and superior sensitivity in the devices. According to Emerson, the global factory automation market is expected to rise from 3% in 2019 to 3.5 percent by 2021, indicating that market demand is expected to remain stable. Furthermore, future trends in the maritime and offshore industries are expected to include the use of laser sensor technology advancement. LADAR (Laser Detection and Ranging) is primarily a laser-based navigational aid that combines long-distance object detection with high-accuracy measurement to provide users with a complete 2D/3D/4D (3 D plus time) perspective for optimum maritime information. However, restrictions on operating temperature, lack of technological advancement and high sensitivity is hampering the growth of the market over the forecast period of 2021-2027. Also, change in market regulation, new product launches and value chain optimization sensor is likely to boost the market growth during the forecast period.

Globally, Asia Pacific holds the highest market share across the world, as the population is growing the demand for electronic goods is also increasing and the growth of automobile manufacturers in the region is highly influencing the market of laser sensor in the region. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as large number of market players in the region and actively developing and innovating sensor designs will create new opportunities for the light sensor market to grow across North American region.

Major market player included in this report are:
STMicroelectronics NV
Sitronix Technology Corporation
Samsung Electronics Co. Ltd.
Maxim Integrated Products Inc.
Broadcom Inc.
Elan Microelectronics Corp.
Analog Devices, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Function:
Ambient Light Sensing
Proximity Detection
RGB Colour Sensing
IR Detection
By Output:
By End Use:
Consumer Electronics
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Light Sensor Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Light Sensor Market, by Region, 2019-2027 (USD Billion)
1.2.2. Light Sensor Market, by Function, 2019-2027 (USD Billion)
1.2.3. Light Sensor Market, by Output, 2019-2027 (USD Billion)
1.2.4. Light Sensor Market, by End User, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Light Sensor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Light Sensor Market Dynamics
3.1. Light Sensor Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Demand for light sensors are the increasing use of consumer electronics, miniaturization of sensors, and the growing demand for implementing renewable energy.
3.1.2. Market Challenges Rising cost of innovation in sensor design and manufacturing
3.1.3. Market Opportunities Advancements in smart homes, outdoor lighting, and the automotive sector
Chapter 4. Global Light Sensor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Light Sensor Market, by Function
5.1. Market Snapshot
5.2. Global Light Sensor Market by Product Type, Performance – Potential Analysis
5.3. Global Light Sensor Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Light Sensor Market, Sub Segment Analysis
5.4.1. Ambient Light Sensing
5.4.2. Proximity Detection
5.4.3. RGB Colour Sensing
5.4.4. IR Detection
Chapter 6. Global Light Sensor Market, by Output
6.1. Market Snapshot
6.2. Global Light Sensor Market by Industry Verticals, Performance – Potential Analysis
6.3. Global Light Sensor Market Estimates & Forecasts by Industry Verticals 2018-2027 (USD Billion)
6.4. Light Sensor Market, Sub Segment Analysis
6.4.1. Analog
6.4.2. Digital
Chapter 7. Global Light Sensor Market, by End Use
7.1. Market Snapshot
7.2. Global Light Sensor Market by Industry Verticals, Performance – Potential Analysis
7.3. Global Light Sensor Market Estimates & Forecasts by Industry Verticals 2018-2027 (USD Billion)
7.4. Light Sensor Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Consumer Electronics
7.4.3. Industrial
7.4.4. Healthcare
7.4.5. Others

Chapter 8. Global Light Sensor Market, Regional Analysis
8.1. Light Sensor Market, Regional Market Snapshot
8.2. North America Light Sensor Market
8.2.1. U.S. Light Sensor Market Function breakdown estimates & forecasts, 2018-2027 Output breakdown estimates & forecasts, 2018-2027 End Use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Light Sensor Market
8.3. Europe Light Sensor Market Snapshot
8.3.1. U.K. Light Sensor Market
8.3.2. Germany Light Sensor Market
8.3.3. France Light Sensor Market
8.3.4. Spain Light Sensor Market
8.3.5. Italy Light Sensor Market
8.3.6. Rest of Europe Light Sensor Market
8.4. Asia-Pacific Light Sensor Market Snapshot
8.4.1. China Light Sensor Market
8.4.2. India Light Sensor Market
8.4.3. Japan Light Sensor Market
8.4.4. Australia Light Sensor Market
8.4.5. South Korea Light Sensor Market
8.4.6. Rest of Asia Pacific Light Sensor Market
8.5. Latin America Light Sensor Market Snapshot
8.5.1. Brazil Light Sensor Market
8.5.2. Mexico Light Sensor Market
8.6. Rest of The World Light Sensor Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. STMicroelectronics NV Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Cognizant
9.2.3. Sitronix Technology Corporation
9.2.4. AMS AG
9.2.5. Samsung Electronics Co. Ltd.
9.2.6. Maxim Integrated Products Inc.
9.2.7. Broadcom Inc.
9.2.8. Elan Microelectronic Corp.
9.2.9. Analog Devices, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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