Optical Sensors Market, Reaching at a CAGR of 10.5% Between the Forecast Period of 2030

United States, New York, 2023-Feb-13 — /EPR Network/ —The global optical sensors market size is expected to grow at a CAGR of 10.5% from 2022 to 2030. Optical sensors act as transducers, by converting physical quantities of light into electrical signals that instruments can interpret, measure, analyze, and manipulate. They are designed specifically to detect changes in light wavelength. The optical sensor, which is connected to a sensor, responds to changes in light within the sensor and displays the result. Basic optical sensors include photoconductive, photodiodes, photovoltaic, and phototransistors.

The increasing demand for advanced security features in smartphones has led to features such as on-screen fingerprint scans. This optical sensor detects and verifies fingerprints, driving the fiber optic sensor market.

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Ambient sensors detect the amount of light in the room and adjust the screen’s brightness accordingly. As a result, rising smartphone demand is expected to fuel demand for these sensors. Countries with low smartphone penetration, such as India, have experienced double-digit growth in recent years. The same pattern is likely to persist in the future. In addition, the current trend of 4G feature phones is expected to boost smartphone demand, boosting optical sensor demand.

Furthermore, promising industrial IoT applications and an increase in healthcare implementations will provide additional opportunities for the optical sensing market to grow in the coming years. However, the demand for low-cost sensors may pose a further challenge to the optical sensing market’s growth in the future.

Scope of the Global Optical Sensors Market

The study categorizes the optical sensors market based on type, sensor type, application at the regional and global levels.

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By Type Outlook

• Extrinsic Optical Sensor
• Intrinsic Optical Sensor

By Sensor Type Outlook

• Fiber Optic Sensor
• Image Sensor
• Photoelectric Sensor
• Ambient Light and Proximity Sensor
• Other Sensor Types

By Application Outlook

• Industrial
• Medical
• Biometric
• Automotive
• Consumer Electronics
• Other Applications

By Region Outlook

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • the Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific

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• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Key Market Players in the Global Optical Sensor Market

Major Players in the Global Optical Sensors Market are:

• ROHM Co. Ltd
• Rockwell Automation Inc.
• Sony Corporation
• ABB
• SAMSUNG ELECTRONICS CO., LTD.
• SICK AG
• Vishay Intertechnology Inc.
• Honeywell International Inc.
• On Semiconductor Corporation
• IFM Efector Inc.
• Keyence Corporation
• Pepperl+Fuchs GmbH
• ROHM Co. Ltd
• STMicroelectronics NV