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Global Optical Position Sensors Market Share, Size, Trends, Growth, Report, Forecast: By Type: One Dimensional, Two-Dimensional, Multi Axial; By Application: Automotive, Aerospace and Defence, Healthcare, Consumer Electronics, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Optical Position Sensors Market Outlook
The global optical position sensors market size reached a value of around USD 1.9 billion in 2022. The market is expected to grow at a CAGR of 9.10% between 2023 and 2028, reaching a value of around USD 3.2 billion by 2028.
Key Trends in the Market
Optical position sensors refer to sensors that utilise changes in light characteristic such as polarisation, wavelength, phase, and intensity, to identify information regarding the position of an object. They are used for locating desired objects with the sensor tracking how light moves when it interacts with the target object. These sensors are frequently utilised in semiconductor chips and modules, vehicles, consumer electronics, medical equipment, and aircraft, among other products.
- The key optical position sensors market trends propelling the growth of the market include the increasing applications of optical position sensors in the automotive industry. Optical position sensors are used in the automotive industry to determine the position of pedals, steering wheels, different valves, actuators, and seats.
- The leading players in the market for optical position sensors can anticipate a plethora of growth prospects as virtual reality and wearable medical technology continue to advance. The optical position sensors market is further anticipated to develop as the demand for smart devices in the consumer electronics sector increases.
- As per the optical position sensors market analysis, the growing use of handheld devices like smartphones and tablets as well as gesture recognition have increased the interest of consumers and manufacturers of mobile devices in optical position sensor technology. This trend is expected to positively impact the growth of the market for optical position sensors.
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Market Analysis
Based on type, the market is divided into one dimensional, two-dimensional, and multi axial. The optical position sensors market, on the basis of application, is segmented into automotive, aerospace and defence, healthcare, and consumer electronics, among others. The regional markets for optical position sensors are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global optical position sensors market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Siemens AG
- First Sensor AG
- Sensata Technologies, Inc.
- Melexis NV
- Mouser Electronics, Inc.
- Opto Diode Corp
- Zygo Corporation
- Panasonic Corporation
- Exxelia Group
- Bourns, Inc.
- Others
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Market Share by Application
Automotive applications account for a growing portion of the optical position sensors market share, bolstered by increased automotive production and demand for automotives with improved technology. The requirements for automotive applications is expected to grow due to the increasing need for optical position sensing in steering wheel position, throttle control, automatic gear selection, and maintaining vehicle stability. These sensors assist with parking by detecting changes in a vehicle's position as well as enhancing the security of the driver by releasing the airbag in accordance with the driver's position.
Meanwhile, consumer electronics is a growing application sector due to the rising demand for smart gadgets like smartphones and tablets with advanced capabilities which is propelling the optical position sensors market value. The applications of optical position sensors in consumer electronics is anticipated to increase dramatically in the upcoming years as the utilisation of optical position sensors rises for enhancing the power management of smart gadgets. These sensors are also commonly used in consumer electrical applications due to their feature support, small size, dependability, and low power consumption.
Market Share by Region
The Asia Pacific currently holds a leading position in the market for optical position sensors due to the region's continually rising demand for smart electronic gadgets, which is being driven by the growing middle-class population with rising spending power. Moreover, the Asia Pacific region's heightening demand for and manufacturing of automobiles is anticipated to fuel the growth of the optical position sensor market. The expanding industrial sector in countries such as China and India, and established manufacturing base are further increasing the production and usage of optical position sensors in the region. In North America, ongoing technological developments in the semiconductor industry and the expansion of the automotive industry have aided the growth of the market for optical position sensors in the region.
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Competitive Landscape
Sensata Technologies, Inc., a major provider of sensing, electrical protection, control, and power management systems, is headquartered in Massachusetts, United States and was established in 2006. Millions of individuals benefit daily from Sensata's products in the automotive, military, appliance, heavy vehicle, telecommunications, aerospace, industrial, heating, air conditioning and ventilation, data, recreational vehicle, and marine industries.
Melexis NV, founded in 1989 and headquartered in Ypres, Belgium, is one of the leaders in the automotive sensors industry that creates, produces, and distributes cutting-edge microelectronic solutions. Next-generation devices and systems incorporate sensing, driving, and communication using the company's sophisticated mixed-signal semiconductor sensors and actuators. They encourage sustainability, raise efficiency, and enhance comfort.
Mouser Electronics, Inc., founded in 1964, is a leading authorised distributor of semiconductors and electronic components with local sales and service centres spread out over the world. The company, which has its headquarters in Texas, United States, specialises in bringing new products and technology to the market quickly for buyers and design engineers. Among the wide range of products the company offers are semiconductors, interconnects, passives, and electromechanical components.
Other market players include Siemens AG, First Sensor AG, Opto Diode Corp, Zygo Corporation, Panasonic Corporation, Exxelia Group, and Bourns, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Optical Position Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Optical Position Sensors Historical Market (2018-2022)
8.3 Global Optical Position Sensors Market Forecast (2023-2028)
8.4 Global Optical Position Sensors Market by Type
8.4.1 One Dimensional
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Two-Dimensional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Multi Axial
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Optical Position Sensors Market by Application
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aerospace and Defence
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Healthcare
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Consumer Electronics
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Optical Position Sensors Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Optical Position Sensors Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Optical Position Sensors Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Optical Position Sensors Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 South Korea
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Australia
11.6.1 Market Share
11.6.2 Historical Trend (2018-2022)
11.6.3 Forecast Trend (2023-2028)
11.7 Others
12 Latin America Optical Position Sensors Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Optical Position Sensors Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Siemens AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 First Sensor AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Sensata Technologies, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Melexis NV
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mouser Electronics, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Opto Diode Corp
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zygo Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Panasonic Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Exxelia Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Bourns, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Optical Position Sensors Market: Key Industry Highlights, 2018 and 2028
2. Global Optical Position Sensors Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Optical Position Sensors Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Optical Position Sensors Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Optical Position Sensors Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Optical Position Sensors Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Optical Position Sensors Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Optical Position Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Optical Position Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Optical Position Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Optical Position Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Optical Position Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Optical Position Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Optical Position Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Optical Position Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Optical Position Sensors Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Optical Position Sensors Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Optical Position Sensors Market Structure
Key Questions Answered in the Report
In 2022, the global market for optical position sensors attained a value of USD 1.9 billion.
The market is projected to grow at a CAGR of 9.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 3.2 billion by 2028.
The major drivers of the market include the rising demand for handheld devices such as smartphones and tablets, increasing usage of optical position sensors in the automotive industry, and ongoing technological innovations.
Increasing focus on safety and reliability, prominence of gesture recognition, advancements in virtual reality, and widespread usage of wearable medical devices are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of optical position sensors include one dimensional, two- dimensional, and multi axial.
The various applications of optical position sensors include automotive, aerospace and defence, healthcare, and consumer electronics, among others.
The general structure of an optical fiber sensor system composes of four components namely source, fibre optic, transducer, and detector.
The major players in the optical position sensors market are Siemens AG, First Sensor AG, Sensata Technologies, Inc., Melexis NV, Mouser Electronics, Inc., Opto Diode Corp, Zygo Corporation, Panasonic Corporation, Exxelia Group, and Bourns, Inc., among others.
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