Light Sensor Market Analysis, Share, Growth & Forecast [2030]

Report Description

The global light sensor market size was valued at 3.0 billion in 2020 and is estimated to expand at a considerable CAGR over the forecast period, 2021-2028. The growth of the market is attributed to the rising urge for renewable energy implementation, sensor miniaturization, and the growing usage of consumer electronics.

Get Free Sample Report

Light sensors detect the various levels of light present in various machines, switches, and appliances and then react to these lights. Different light sensors perform different actions depending on the levels of light. These actions include voltage holding, current collection, and respond to change. These sensors are also used for robot intelligence and motion lights. Light sensors have the capability to detect light that is invisible to the human eye such as ultraviolet light, infrared light, and x-rays. The quality, reliability, and economic efficiency of technical products have increased due to the development of new technologies in the field that provides a promising result. Light detectors are considered to be one of the preferred technology among several industries as it provides exceptional sensitivity, resilience to electromagnetic interference, and better multiplexing. Photonics have high demand and are widely applicable in smart city applications such as communication technology, smart lighting, and sensing.

The COVID-19 pandemic had a significant impact on various industries; however, the pandemic had a negative impact on the light sensors market as the global supply chains were disrupted due to emergency lockdown in order to stop the spread of the virus. However, there is a high demand for applications of light-sensing as a result of which the suppliers and vendors are needed to come up with innovative solutions and approaches to tackle the situation.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing implementation of light sensor components in smart phones, LED televisions, and other devices is expected to fuel the growth of the market over the forecast period.
• Advancements in the automotive sector, outdoor lighting, and smart homes are anticipated to boost the market expansion in the coming years.
• Incapability of light sensors to sense low light and increasing cost of sensor design innovation are estimated to act as restraining factors hampering the market growth.
• Usage of low-cost light sensors in products imposes a threat to the quality of the product which can be a key challenge that can restrain the market expansion.
• Advancement of technology by the implementation of other supportive technology including information of technology (IoT), artificial intelligence (AI), and machine learning (ML) is anticipated to create key opportunities for the market growth.

Scope of the Report

The report on the global light sensor includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Market Segment Insights

Ambient light segment is anticipated to expand at a substantial rate

On the basis of functions, the global light sensor market is divided into RGB color sensing, ambient light sensing, gesture recognition, proximity detection, and IR detection. The proximity detection segment held a key share of the market in 2020 due to the wide usage of light sensors in the manufacturing and automotive industries. Proximity detectors are majorly used in vehicles to alert drivers by sensing the motion of other vehicles using variations occurring in infrared light. These detectors are majorly used for security purposes. On the other hand, the ambient light segment is anticipated to expand at a substantial rate owing to the increasing adoption of these lights in smart electronics.

Get Free Sample Report

Digital segment is expected to grow at a significant rate

Based on outputs, the market is bifurcated into digital and analog. The digital segment led the market in 2019 and is expected to grow at a significant rate owing to the growing urge for devices with power conservation. Digital light detectors have various applications including temperature controlling systems, lighting controls, and others. The growth of the segment is also attributed to the wide usage of screen-based devices such as television sets, cell phones, laptops, and others.

Get Free Sample Report

Healthcare segment is estimated to exhibit a robust growth

On the basis of end-users, the global light sensor market is segmented into industrial, automotive, healthcare, consumer electronics, and others. The electronics segment held a major share of the market in 2019 attributed to the rising demand for electronic products among the population base. However, the healthcare segment is estimated to exhibit a robust growth attributed to the increasing usage of advanced equipment with light sensors. Lights sensors are commonly used in the medical industry to monitor the level of oxygen, pathogen detection, and diagnostic of blood.

Get Free Sample Report

North America market is expected to grow at a considerable rate

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific led the market in 2019 due to the rising population and rising demand for consumer electronics and for smart phones. The further growth of the market is attributed to the rising demand for light sensor integrated handheld devices and the manufacturing of mid-segment vehicles with more detectors incorporated in them. On the other hand, the market in North America is expected to grow at a considerable rate attributed to the adoption of light detection solutions at a very early stage.

Get Free Sample Report