The Global Light Sensor Market was valued at $2.54 Billion in 2020. Growing at a high CAGR of more than 10.5% between 2021 and 2031, it is estimated to reach $7.8 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased use of consumer electronics, miniaturization of the sensors, and the increased demand for implementing renewable energy will help to accelerate the growth of this market during the forecasted period.
Global Light Sensor Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Light Sensor Market has been segmented into function, output, end-use. On the basis of function, it has been segmented into Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition, IR Detection. On the basis of output, it has been segmented into Analog, Digital. On the basis of end-use, it has been segmented into Automotive, Consumer Electronics, Industrial, Healthcare, Others.
By Region, Asia Pacific Is Holding The Major Market Share
The Global Light Sensor Market has been geographically segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In addition to this, Asia Pacific Global Light Sensor Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. The increase in population and the increased demand for smartphones and consumer electronics along with an increased number of handheld devices with integral light sensors has led this region to dominate the market. Besides this North America is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Light Sensor Market
Some of the major players in the Global Light Sensor Market include AMS AG, Analog Devices, Inc., Broadcom Inc., Elan Microelectronic Corp., Everlight Electronics Co. Ltd., Maxim Integrated Products Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, Sitronix Technology Corporation, STMicroelectronics NV, Vishay Intertechnology Inc.
Scope of the Report:
Report Coverage |
Details |
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Base Year: |
2020 |
Market Size in 2020: |
US$ 2.54 Billion |
Historical Data for: |
2018 to 2020 |
Forecast Period: |
2021 to 2031 |
Forecast Period 2021 to 2031 CAGR: |
10.5% |
2031 Value Projection: |
US$ 7.8 Billion |
Segments covered: |
By Function - Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition, IR Detection. By Output – Analog, Digital. By End-Use – Automotive, Consumer Electronics, Industrial, Healthcare, Others. |
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Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
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Companies covered: |
AMS AG, Analog Devices, Inc., Broadcom Inc., Elan Microelectronic Corp., Everlight Electronics Co. Ltd., Maxim Integrated Products Inc., ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corporation, Sitronix Technology Corporation, STMicroelectronics NV, Vishay Intertechnology Inc. |
The Global Light Sensor Market Has Been Segmented Into:
Global Light Sensor Market, By Function Type
Global Light Sensor Market, By Outlook
Global Light Sensor Market, By End-Use
Global Light Sensor Market, By Region
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