With 8.2% CAGR: The Light Sensors Market worth US$ 4.8 Billion by 2032 Globally – Report by Persistence Market Research
Study on Light Sensors Market: Adoption of Digital Appliances for Daily Workflow Solutions to Substantially Push Demand!
New York , April 05, 2023 (GLOBE NEWSWIRE) — The light sensors market revenue was estimated at US$ 2.2 billion in 2022 and is anticipated to grow at a CAGR of 8.2 % from 2022 to 2032. By the end of 2032, the Light Sensor Market is expected to reach a valuation of US$ 4.8 billion.
Historically, between 2017 and 2021, the market expanded at a CAGR of 9.1%. The rise in the adoption of light sensors in consumer electronics and home automation around the world is projected to expand the light sensors market.
They are primarily utilized for measuring the intensity of light. According to the light’s intensity, the light sensor holds current, increases resistance, or collects current. X-rays, ultraviolet light, and infrared light—lights that are invisible to the human eye can all be detected using light sensors.
Consumer electronics like smartphones, tablets, and wearable technology are widely integrating light sensors. These gadgets employ light sensors for features such as regulating screen brightness, determining ambient light, and enabling features like automatic camera focus.
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Light sensors can also be used as proximity sensors to determine how close a user’s face is to the screen. This is crucial for phone calls because it can turn the screen off and stop any unintentional button presses. With the rise in the adoption of light sensors in consumer electronics, the market is projected to expand during the assessment period.
Light sensors are also utilized widely in IoT devices in a number of applications such as smart homes. Light sensors can be employed in smart home automation in managing indoor lighting by adjusting it depending on the outdoor sunlight. This helps to reduce energy costs by allowing more natural lighting to enter the building.
Light sensor manufacturers are holding a pot of gold as light sensors will become a crucial element in manufacturing across several industries. The resultant mass production will lead to high demand and consistency of supply of light sensors, especially for the electronics and healthcare industry.
Key Takeaways from Light Sensors Market (2023 to 2032)
- Japan light sensor market would surpass a valuation of US$ 757.2 million by 2032.
- The USA light sensor market is expected to be worth US$ 701.6 million by 2032.
- The United Kingdom light sensor industry is anticipated to surpass US$ 123.9 million in 2032.
- The light sensor market in South Korea is expected to be worth US$ 295.8 million by 2032.
- Based on function, the ambient light sensing category is set to showcase a CAGR of 8.1% from 2022 to 2032.
“The global light sensor market is set to witness impressive growth, with Japan and the USA leading the way in market valuation. The rising popularity of ambient light sensing technology and its integration into everyday devices like smartphones is also a key trend to look out for in the coming years.” – says a lead analyst.
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Competitive Landscape: Light Sensors Market
The market players are investing heavily in research and development for new and efficient products. The companies are also focusing on product launches to augment their market positions.
For instance,
In February 2021, AMS AG announced the launch of its new spectral ambient light sensor, the AS7350, which offers high accuracy and low power consumption for use in automotive, industrial, and consumer applications.
Get More Exclusive Insights into Light Sensors Market Study
Persistence Market Research (PMR), in its new offering, presents an unbiased analysis of the light sensors market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2023 to 2032.
The study reveals the market segmented in terms of
- Function (proximity detection, gesture recognition, ambient light sensing, RGB color sensing, UV/IR detection),
- Output (digital, and analog), integration (combination, and discrete),
- Application (industrial, healthcare, consumer electronics, home automation, automotive, security, and entertainment) and regions.
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