A recent report published by Infinium Global Research on light sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional light sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional light sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global light sensor market. According to the report, the global light sensor market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Light sensors are also used in energy conservation solutions as well as power and energy saving. Light sensors are projected to witness an increase in demand supported by growing implementation in sectors such as consumer electronics, automotive, building automation, etc. Moreover, the light sensors market for the automotive sector is expected to grow at a high CAGR during the forecast period. This is attributed to the increasing awareness about an accessible interface with in-built light sensors for driver help and driver safety that in turn is driving the growth of the automotive division of the light sensors market.
Growing technological advancements, increasing advancements in transportation, and automotive applications, different types of electronic products are the key factors driving the growth of the global light sensor market. Also, increasing the implementation of light sensors in various consumer electronics such as smartphones, tablets, and the rising adoption of portable smart devices are some of the key factors that are driving the growth of light sensor market growth across the globe. However, high cost and low capabilities of light sensors are the major factors that may hinder the light sensor market over the forecast period. Moreover, an increase in population along with rising commercialization is driving the adoption of smart electronic devices, which is anticipated to boost the global light sensor market in the next few years.
Geographically, the global Light Sensor market has been fragmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Among all, Asia-Pacific is likely to witness the highest growth rate during the forecast period owing to the growing usage of advanced electronics equipment in medical devices, availability of a wide range of numerous electronic products, manufacturing, and other applications, and ongoing technological advancements. Moreover, North America is also expected to show extensive growth over the forecast period due to the presence of a large number of market players and continuous technological innovations.
The report on global light sensor market covers segments such as integration, function, output, and application. On the basis of integration, the sub-markets include discrete, and combination. On the basis of function, the sub-markets include gesture recognition, proximity detection, ambient light sensing, and uv/ir detection. On the basis of output, the sub-markets include analog output, and digital output. On the basis of application, the sub-markets include industrial, automotive, security, entertainment, health, and consumer electronics.
The report provides profiles of the companies in the market such as ELAN Microelectronic Corp., Everlight Electronics Co., Ltd., ROHM Semiconductor, Maxim Integrated, Vishay Intertechnology, ams AG, Heptagon, Samsung Electronics Co., Ltd., Texas Instruments, Sitronix Technology Corp., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of light sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.