The Report “Optical Sensors Market Analysis: By Types (Position, Light, Image, Photoelectric, Photo-detectors, Motion); Verticals (Material Handling, Building Automation, Manufacturing, Packaging, Security & Surveillance) – With Forecast (2015-2020)”, published by IndustryArc, the market is growing at a CAGR of 10.6% & to reach $35.2 Billion by 2020
Browse 64 Market Tables & 48 Figures spread through 170 Pages and an in-depth TOC on “Optical Sensors Market”:
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Optical Sensors are an eminent category of transducers that detect any change in either of the optical properties of light: intensity, spectral distribution, wavelength, phase and polarization. These changes are correspondingly converted to electrical signals. IndustryARC estimates the global optical sensors market to advance from $19.3 billion in 2014 to $35.2 billion by 2020 with a CAGR of 10.6%.
The Key Driver for Optical Sensors in the near future is the inter-connection of devices to create a smart environment, also attributed as “Internet of things (IoT)”. The technology has been quick in integrating sensor technologies for evolving Machine-to Machine (M2M) and Machine-to-People (M2P) interactions. Optical Sensors, augmented by their wide range of characteristics including compactness, wide sensing range, electromagnetic immunity, non-contact measurement, point and distributed sensing abilities, will be a supplementing factor for the advancement of Optical Sensors Market.
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Due to wide scale utilization of Image Sensors in consumer and commercial electronic devices ranging from smartphones, tablets, gaming devices, digital cameras to machine vision in industries and identification equipment in commercial locations has made them to be the leading type in optical sensors market in 2014. This was followed by Photoelectric Sensors that have high penetration rate in automation sector. As the automation technology incessantly keeps invading multitude of end-user industries, the photoelectric sensors market will have ample opportunities for growth.
Each of the Optical Sensors has different set of Manufacturers across the globe. Therefore, the Leading Players in the Optical Sensors Market depend on its type.
In 2014, following were the Top Five Players in Photo Detectors Market:
- Excelitas Technologies Corporation
- Hamamatsu Photonics K.K.
- ROHM Semiconductor
- Vishay Intertechnology Inc.
- Honeywell Sensing & Control
- Asia-Pacific (APAC) led the optical sensors market with 40% share across the globe. The region will continue to exhibit high growth rates for the market till 2019 followed by Americas and RoW.
- Key Drivers for the growth in APAC Region will be high growth in the sales of consumer electronic devices and industrial automation technologies supplemented by accelerating Gross Domestic Product (GDP) and economic industrialization, respectively.
The power of suppliers is considerably low in the optical sensors industry primarily due to the presence of both international and domestic competitors. Many semiconductor and electrical companies operate in the field of optoelectronic solutions providing a variety of customized solutions to the end-user industries. Each product type of optical sensors have presence of sufficient providers that makes the market really competitive facilitated further by the ceaseless development of products thus creating an additional attribute of volatility in the global market.
This in-depth 6 month global research study on Optical Sensors covers the market based on several parameters including product type, end-user verticals and geographical regions.
The Product Type comprises of Various Optical Sensors such as:
- Photo detectors
- IR Detectors
- Motion sensors.
These sensors have been further categorized depending on type. Aerospace & Defense, Automotive, Chemical, Food and Beverage, Medical, Building Automation, Manufacturing, Material Handling, Packaging and Paper & Pulp are some of the notable industries covered under the end-user scope for optical sensors while the market for all the product types has also been provided for geographic regions: Americas, Europe, Asia-Pacific and Rest of the World (RoW) that has been further sub-segmented into prominent countries.
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