Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Optical Sensor Market Outlook

The global optical sensor market is expected to grow at a CAGR of 11% in the forecast period of 2024-2032.

Global Optical Sensor Market

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Rising Demand in Various End Use Sectors to Augment the Optical Sensor Industry Growth

On the basis of end use, the aerospace and defence industry is witnessing a significant deployment of optical sensors due to their capability to stand-in harsh environment. Further, remote sensing is becoming a major factor for the growing adoption of optical sensors in chemical and furnace factories for the measurement of temperature. Meanwhile, in the oil and gas industry, optical pressure measurement sensors are widely adopted, which is further contributing to the expansion of the optical sensor industry.

In addition to this, feasible approach of the communication industry towards the usage of glass fibre cable is offering opportunities for the market growth. The increasing investments in smart city, smart buildings, and smart home projects are estimated to extend the implementation of ambient light and intelligent lighting technologies, thereby offering a chance for the expansion of the optical sensor industry. The industries like healthcare, consumer electronics, and automotive are expected to witness a massive adoption of optical sensors like temperature, pressure, image, and motion sensors.

North America to Provide Enhanced Growth Opportunities to the Optical Sensor Industry

Region-wise, North America has always been one of the most important markets for consumer electronics, and, therefore, the demand for optical sensors in the region is also high. In the United States, smartphone household penetration is at 74%, suggesting a high potential for household penetration in the region. The new product developments in the industry are mainly pushing the US market. For ambient light and other uses, optical sensors are widely used in smartphones, mobile wearables, and smartwatches. The Internet of Things (IoT), wearable devices, and health and fitness technology have all revolutionised the US market.

Europe is welcoming robotics in the factory automation phase and the government's funding for the introduction of Advanced Driver Assistant Systems (ADAS) in vehicles is expected to fuel demand for optical sensors in the region. Meanwhile, in the Middle East and Africa, the increased internet penetration and the increasing number of mobile users are projected to fuel business growth in the coming years.

Optical Sensor: Market Segmentation

The light is transformed into electric signals by an optical sensor. It transforms light into a shape that can be perceived by an instrument and calculates the physical quantity of light. The optical sensor is attached to an electrical stimulus that responds to changes in the signal. The optical sensor can sense differences in light wavelength. Optical sensors use either a single point or a distribution point mode of operation. To trigger the sensor in the single point process, a single-phase shift is needed. The sensor is reactive along with a set of sensors in the distribution point system.

Global Optical Sensor Market By End Use

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By source, the market is divided into:

  • LED
  • LASER

Based on operation, the market is categorised into:

  • Through-Beam Sensor 
  • Retro-Reflective Sensor 
  • Diffuse Reflection Sensor 

By type, the market is bifurcated into:

  • Extrinsic
  • Intrinsic

On the basis of product, the market is segmented into:

  • Fibre Optic Sensors
  • Image Sensors
  • Photoelectric Sensors
  • Ambient Light and Proximity Sensors
  • Infrared Detectors
  • Others

Based on application, the market is divided into:

  • Pressure and Strain Sensing
  • Temperature Sensing
  • Geological Survey
  • Biochemical
  • Biometric and Ambience
  • Others

By end use, the market is divided into:

  • Aerospace and Defence
  • Utilities
  • Oil and Gas
  • Medical
  • Construction
  • Consumer Electronics
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Optical Sensor Market By Region

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Increasing Demand for Wearable Devices to Bolster the Growth of the Optical Sensor Industry

The rising adoption of wearable healthcare devices in developed economies is probably going to spice up the optical sensor industry revenue. Wearable healthcare devices, like fit bits, pulse oximeters, smartwatches, and others are integrated with optical sensors, providing real-time patient health monitoring solutions. These sensors offer several features like high accuracy, compact size, and no response to an electromagnetic wave, making them ideal for applications in medical-grade wearable devices. As per estimates, about 21% of U.S. adults regularly wear a smartwatch or wearable fitness trackers; therefore, to deal with the growing demand for wearable healthcare devices, market players are introducing technically advanced products with optical sensor technology.

The extension of the IoT system is a key factor in the optical sensor industry's growing demand. The rising demand for optical sensors is being driven indirectly by the increasing adoption of consumer electronics devices, especially smartphones and smart tablets. The adoption of optical sensors was made possible by the introduction of smartphones with features such as 3D imaging, restore recognition, eye tracking, and so on. Optical sensors' advantages, such as their lightweight, compact size, passive design, and dynamic sensing range, are also responsible for balancing the market's growth rate.

Key Industry Players in the Global Optical Sensor Market

The report gives a detailed analysis of the following key players in the global optical sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Vishay Intertechnology, Inc
  • ROHM Co., Ltd
  • Analog Devices, Inc
  • ams AG 
  • Oxsensis 
  • Others

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Operation
  • Type
  • Products
  • Application
  • End Use
  • Region
Breakup by Source
  • LED
  • LASER
Breakup by Operation
  • Through-Beam Sensor
  • Retro-Reflective Sensor
  • Diffuse Reflection Sensor
Breakup by Type
  • Extrinsic
  • Intrinsic
Breakup by Products
  • Fibre Optic Sensors
  • Image Sensors
  • Photoelectric Sensors
  • Ambient Light and Proximity Sensors
  • Infrared Detectors
  • Others
Breakup by Application
  • Pressure and Strain Sensing
  • Temperature Sensing
  • Geological Survey
  • Biochemical
  • Biometric and Ambience
  • Others
Breakup by End Use
  • Aerospace and Defence
  • Utilities
  • Oil and Gas
  • Medical
  • Construction
  • Consumer Electronics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Vishay Intertechnology, Inc.
  • ROHM Co., Ltd. 
  • Analog Devices, Inc.
  • ams AG
  • Oxsensis
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 11% between 2024 and 2032.

The robust growth of the aerospace and defence sector, the growing adoption of optical sensors in furnace and chemical factories, and the surging utilisation of optical sensors in the oil and gas sector are the major drivers of the market.

The key trends guiding the market include the growing adoption of wearable healthcare devices, rising sales of consumer electronics devices, and the surging popularity of smartphones with features like eye tracking and 3D imaging, among others.

The major regions in the optical sensor market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

LED and LASER are the major sources of optical sensor.

The significant segments based on operation of the product considered in the market report are through-beam sensor, retro-reflective sensor, and diffuse reflection sensor.

The major types of optical sensors include extrinsic and intrinsic. 

The various products considered in the market report are fibre optic sensors, image sensors, photoelectric sensors, ambient light and proximity sensors, and infrared detectors, among others.

The several applications of optical sensor are pressure and strain sensing, temperature sensing, geological survey, biochemical, and biometric and ambience, among others.

The different end uses of optical sensor are aerospace and defence, utilities, oil and gas, medical, construction, and consumer electronics, among others.

The major players in the market are Vishay Intertechnology, Inc, ROHM Co., Ltd, Analog Devices, Inc, ams AG, and Oxsensis, among others.

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