light sensors market is estimated to reach USD 2.14 Billion by 2022, growing at a CAGR of 9.3% between 2016 and 2022. The factors driving the light sensors market include the growing implementation of light sensor functions in the consumer electronics such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the light sensors market.
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Light Sensors Market worth 2.14 Billion USD by 2022
1. MarketsandMarkets
Presents
Light Sensors Market worth 2.14 Billion USD by 2022
According to the new market research report "Light Sensors Marketby Function
(Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture
Recognition, UV/Infrared Light (IR) Detection), by Output, by Integration (Discrete,
Combination), by Application and Region - Global Forecast to 2022" , the light sensors
market is estimated to reach USD 2.14 Billion by 2022, growing at a CAGR of 9.3%
between 2016 and 2022. The factors driving the light sensors market include the
growing implementation of light sensor functions in the consumer electronics such as
smartphones and tablets. Also, advancements in the automotive sector, smart homes,
and outdoor lighting are expected to boost the growth of the light sensors market.
2. Browse 77 market data Tables and 81 Figures spread through 156 Pages and in-depth TOC
on "Light Sensors Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/light-sensors-market-122682928.html
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The consumer electronics sector expected to lead the light sensors market
Consumer electronics accounted for a large share of the light sensors market in 2015. The
implementation of light sensor functions in mobile devices and tablets is driving the light
sensors market for the consumer electronics sector. The increasing demand from OEMs to
implement light sensor function such as ambient light sensing, proximity detection, RGB color
sensing, and gesture recognition in mobile devices and tablets has supported the growth of this
market.
3. The automotive sector expected to grow at a high CAGR between 2016 and 2022
The market for light sensors for the automotive sector is expected to grow at a high CAGR
between 2016 and 2022. The growing awareness about user-friendly interface with in-built
light sensors for driver assistance and driver safety is propelling the growth of the
automotive sector of the light sensors market. Light sensors in the automotive sector offer
higher safety and vehicle reliability. These sensors are helping the driver from getting
distracted while driving. All these factors are expected to drive the automotive sector
supporting the growth of the light sensors market.
APAC expected to hold the largest market share by 2022
Asia-Pacific is expected to dominate the light sensors market by 2022 accounting for a large
market share; it is expected to grow at a high CAGR between 2016 and 2022. The high
adoption of handheld devices with in-built light sensors in the APAC region is supporting the
growth of the light sensors market.
4. Companies involved in the development of light sensors include ams AG (Germany), Avago
Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co.
(Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (U.S.), ROHM Co., Ltd.
(Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics
NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Vishay Intertechnology,
Inc. (U.S.).
This research report categorizes the global light sensors market on the basis of function,
output, integration, application, and region. This report describes the drivers, restraints,
opportunities, and challenges with respect to the light sensors market. The Porter’s five
forces analysis has been included in the report with a description of each of its forces and
their respective impact on the light sensors market.
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