The Global "Optical Sensors Market" is expected to grow at a high CAGR of 15.0% during the forecasting period (2021-2028).
An optical sensor is a device that converts light or infrared rays to electronic signals that are mainly used in various applications for detecting heat, light, temperature, and gestures.
Increasing demand in the healthcare sector with the use of optical sensors in gastroenterology, cardiovascular & intensive care, angiology, ophthalmology, oncology, and others is driving the market growth in recent years.
The rising use of optical sensors technologies in smartphones and consumer applications for restore recognition, eye tracking, and 3D mapping will further drive the market growth in the forecast period to 2025.
Freeform optics and nontraditional surface geometry are the key challenges faced in the manufacturing of optical sensors globally.
The Global Optical Sensors market is segmented by product type, and by application type.
By Product type, the market is segmented as an image sensor, light sensor, motion sensor, fiber optic sensor, and others. The image sensor is accounted for a significant share and is expected to have stronger growth in the forecast period to 2025.
The growth will be mainly due to the increasing use of image sensors in high-end use cell phones that offers compact, passive, and lightweight features.
By application type market is segmented as consumer electronics, industrial, aerospace and defense, healthcare, and others. The aerospace and defense segment is expected to show strong growth in the forecast period to 2025. The increase will be mainly due to improved sensor technologies including optoelectronics that offers enhanced sensing, communication, and weaponry systems.
By Geography the market is segmented into the Americas, Europe, Asia Pacific, and the Rest of the World.
Asia Pacific region is estimated to show strong growth in the market for Optical Sensors in the forecast period and is mainly due to the increasing demand for optical sensors, especially for consumer electronics from Asian countries such as India, China, and South Korea.
Key players in the industry are Canon, Sony, Baumer Electric Ag, ABB Ltd., Sofradir Ec Inc., Analog Devices Inc., and others.
Industry players are undergoing mergers and acquisitions to be competitive in the market. For instance, in November 2018, II-VI Inc is looking to acquire optical technology, and communications firm Finisar for USD 3.2 billion, and the acquisition is expected to be closed by mid of 2019.
Visualize the composition of the global Optical Sensors market across each indication, regarding type and treatment options, highlighting the critical commercial assets and players.
Identify business opportunities in the global Optical Sensors market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the global Optical Sensors market.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the principal products of all major market players.
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1.1. Research Methodology
1.2. Scope of the market
2.1. Key Market trends and Developments
3.3. Porter’s Five Forces Analysis
4.1. By Product Type
4.1.1. Image sensor
4.1.2. Light sensor
4.1.3. Motion sensor
4.1.4. Fiber optic sensor
4.2. By Application
4.2.1. Consumer Electronics
4.2.3. Aerospace and defense
5.1.4. Rest of North America
5.2.4. Rest of Europe
5.3. Asia Pacific
5.3.4. Rest of Asia Pacific
5.4. Rest of the World
6.1. Market Share/ Rank Analysis
6.2. Key strategies adopted by market players
7.1. ROHM Semiconductor
7.2. Baumer Electric Ag
7.3. ABB Ltd.
7.4. Sofradir Ec Inc.
7.5. Analog Devices Inc.
7.6. Vigo System S.A.
7.9. PreSens Precision Sensing GmbH
7.10. ST Microelecronics Inc.
8.2. Contact Us
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