Light sensor is an electronic device used for the detection of light. These sensors are available in various types. Light sensors are also used in energy conservation solutions as well as power and energy saving. Generally, light sensors convert light energy into an electrical signal, which is used in electronic products. Photodiodes, photoresistors and phototransistors are types of the light sensor. The report provides analysis of global Light Sensor market for the period 2016-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Light Sensor market is expected to grow at noteworthy CAGR around 8% throughout the forecast period and reach around US$ 2 billion by 2026.
Increasing technological advancements, growing advancements in transportation, smart homes, consumer electronics and automotive applications, different types of electronic products, increasing implementation of light sensors in various consumer electronics such as tablets, smartphones and escalating adoption of portable smart devices are some of the key factors that are fueling the Light Sensor market growth across the globe. Growing implementation of light sensors in electronic consumer products such as tablets, smartphone, digital displays and televisions and ongoing technological advancements in the consumer electronics industry are some of the factors boosting the market growth. On the other hand, growing popularity of portable smart devices is boosting the demand for light sensors and also expected to propel the market growth throughout the forecast period. Due to the rapid growth in the demand for smart electronics and wearable applications, the global light sensor market is witnessing huge growth. Additionally, smart home appliances manufacturers are using different types of light sensors in order to minimize the power consumption of smart home devices. Light sensors are rapidly being adopted in the application of LCD backlight control. Increasing adoption of LCD-based devices is anticipated to drive the demand for light sensors throughout the forecast period. These factors are also expected to offer massive opportunities to the global light sensor market in the coming years. Furthermore, light sensors are being adopted mostly by various end user industries such as energy & power, healthcare, and agriculture. Also, growing population with expanding commercialization is boosting the adoption of smart electronic devices, and this is projected to spur the global light sensor market. Light sensors are broadly adopted by automotive sector owing to growing need to reduce road accidents. Growing technological innovations in the automotive industry is also propelling the overall growth of the market. Rising awareness for selecting smart lighting solutions among people is further fueling the growth in global light sensor market.
Light Sensor Market by Type
Light Sensor Market by Application
Light Sensor Market by End Use Industry
Global Light Sensor Market, by Geography
The market research study on “Light Sensor Market (By Type: Photo Conductive Cells, Photo Voltaic Cells, Photo Junction Diodes; By Application [Placement Detection, Brightness Control, Security, Planning, Agriculture; By End Use Industry: Consumer Electronics, Automotive, Aerospace and Defense, Energy and Power, Healthcare, Transportation) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers detailed insights on global light sensor market segments with market dynamics and their impact. The report provides insights on global light sensor market by type, application, end use industry and major geographic regions. The report also covers basic technology development policies.
The global Light Sensor market is characterized by the presence of experienced and established players. Some of the key players include Vishay Inter technology Inc., Texas Instruments, Broadcom, Sharp Corporation, On Semiconductor, STMicroelectronics, AMS AG, Ever light Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Maxim Integrated, and ROHM Semiconductor.