Optical Sensors - Global Market Outlook (2018-2027)

According to Stratistics MRC, the Global Optical Sensors Market is accounted for $1,529.79 million in 2018 and is expected to reach $6,785.33 million by 2027 growing at a CAGR of 18.0% during the forecast period. Some of the key factors propelling the market growth are increasing use of smart phones, rising demand for power-saving devices, and technological advancements. However, imbalance between the image quality and price is the restraining factor for the growth of the market.

Optical sensors are devices, which are used to process light or infrared rays into electronic signals. These sensors are lightweight and offer various benefits, such as compactness and flexibility, which boost their adoption in various end-use industries. Optical sensors are used in a wide range of applications such as gesture recognition, occupancy sensing, smart heating, etc.

By product, the photoelectric sensors segment is expected to grow at a significant market share during the forecast period as they are used for a wide range of applications in different industries. On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period because of the growing smart phone industries in countries like China.

Some of the key players in Optical Sensors Market include Fairchild Semiconductor, International Inc, ABB Ltd, Analog Devices Inc, Teledyne DALSA Inc, OptaSense, Texas Instruments Inc, Hamamatsu Photonics KK, Alphasense Ltd, Rohm Semiconductors, Silixa Ltd, Fotech Solutions Ltd, Ams AG, Vishay Intertechnology Inc, Rjc Enterprises LLC, ST Microelectronics, and Oxsensis Ltd. 

Types Covered:
• Intrinsic
• Extrinsic

Light Sources Covered:
• Light Amplification by Stimulated Emission Radiation (LASER)
• Light Emitting Diode (LED)

Products Covered:
• Infrared Detectors
• Safety Sensor
• Photoelectric Sensors
• Position Sensors
• Photo Detectors
• Light Sensors
• Image Sensors
• Motion Sensors
• Optocouplers

Technologies Covered:
• Near Infrared Spectroscopy
• Photo-acoustic Tomography
• Hyper Spectral Imaging 

Applications Covered:
• Force
• Fiber Optical Chemical Sensor
• Acoustic Field
• Partial Discharge Detection
• Photoconductive
• pH Level Indicator
• Radiation Sensor
• Photovoltaic
• Liquid Level Indicator
• Photodiode
• Displacement
• Magnetic Fields
• Ambient Light Sensor
• Humidity
• Vibration
• Velocity

End Users Covered:
• Aerospace and Defense
• Security & Surveillance
• Manufacturing
• Building Automation
• Medical & Scientific Devices
• Packaging
• Consumer Electronics
• Wireless Communications
• Food & Beverage
• Material Handling
• Automotive
• Office Equipment
• Biometric
• Chemical
• Paper & Print

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances