According to a new market report by Lucintel, the future of the global optical sensor market looks promising with opportunities in the consumer electronics, industrial, automotive, food & beverage, and healthcare end use industries. The global optical sensor market is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are increasing demand for photoelectric sensor in industrial manufacturing applications and growth of the consumer electronics market.
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In this market, photoelectric sensor, ambient & proximity light sensor, image sensor, and fiber optic sensor are the major products. Lucintel forecasts that photoelectric sensor will witness the highest growth during the forecast period due to their high precision in detecting objects.
Within the optical sensor market, consumer electronics, industrial, automotive, food & beverages, and healthcare are the major end use industries.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by growth of the consumer electronics and industrial automation industries.
ROHM Semiconductor, ABB, Hamamatsu Photonics K.K., AMS AG, On Semiconductor, Analog Devices, Texas Instruments, STMicroelectronics, Vishay, Teledyne, and Oxsensis are among the major manufacturers of the optical sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global optical sensor market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Optical Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global optical sensor market by product type, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Photoelectric Sensor
Through Beam
Retro-Reflective
Diffuse
Ambient & Proximity Light Sensor
Image Sensor
Complementary Metal–Oxide–Semiconductors (CMOS)
Charge-Coupled Devices (CCD)
Fiber Optic Sensor
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Industrial
Automotive
Food & Beverages
Healthcare
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.