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Global Optical Sensor Market: By Source: LED, LASER; By Operation: Through-Beam Sensor, Retro-Reflective Sensor, Diffuse Reflection Sensor; By Type; By Products; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Optical Sensor Market Outlook

The global optical sensor market is expected to grow at a CAGR of 11% in the forecast period of 2021-2026.

 

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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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
6    Overview

    6.1    Key Drivers
    6.2    Key Developments
    6.3    Competitive Structure
    6.4    Key Industrial Trends
7    Snapshot
    7.1    Global
    7.2    Regional
8    Industry Opportunities and Challenges
9    Global Optical Sensing Market Analysis

    9.1    Key Industry Highlights
    9.2    Global Optical Sensing Historical Market (2016-2020) 
    9.3    Global Optical Sensing Market Forecast (2021-2026)
    9.4    Global Optical Sensing Market by Source
        9.4.1    LED
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    LASER
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
    9.5    Global Optical Sensing Market by Operation
        9.5.1    Through-Beam Sensor
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2016-2020)
            9.5.1.3    Forecast Trend (2021-2026)
        9.5.2    Retro-Reflective Sensor
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2016-2020)
            9.5.2.3    Forecast Trend (2021-2026)
        9.5.3    Diffuse Reflection Sensor
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2016-2020)
            9.5.3.3    Forecast Trend (2021-2026)
    9.6    Global Optical Sensing Market by Type
        9.6.1    Extrinsic
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2016-2020)
            9.6.1.3    Forecast Trend (2021-2026)
        9.6.2    Intrinsic
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2016-2020)
            9.6.2.3    Forecast Trend (2021-2026)
    9.7    Global Optical Sensing Market by Products
        9.7.1    Fibre Optic Sensors
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2016-2020)
            9.7.1.3    Forecast Trend (2021-2026)
        9.7.2    Image Sensors
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2016-2020)
            9.7.2.3    Forecast Trend (2021-2026)
        9.7.3    Photoelectric Sensors
            9.7.3.1    Market Share
            9.7.3.2    Historical Trend (2016-2020)
            9.7.3.3    Forecast Trend (2021-2026)
        9.7.4    Ambient Light and Proximity Sensors
            9.7.4.1    Market Share
            9.7.4.2    Historical Trend (2016-2020)
            9.7.4.3    Forecast Trend (2021-2026)
        9.7.5    Infrared Detectors
            9.7.5.1    Market Share
            9.7.5.2    Historical Trend (2016-2020)
            9.7.5.3    Forecast Trend (2021-2026)
        9.7.6    Others
    9.8    Global Optical Sensing Market by Application 
        9.8.1    Pressure and Strain Sensing
            9.8.1.1    Market Share
            9.8.1.2    Historical Trend (2016-2020)
            9.8.1.3    Forecast Trend (2021-2026)
        9.8.2    Temperature Sensing
            9.8.2.1    Market Share
            9.8.2.2    Historical Trend (2016-2020)
            9.8.2.3    Forecast Trend (2021-2026)
        9.8.3    Geological Survey
            9.8.3.1    Market Share
            9.8.3.2    Historical Trend (2016-2020)
            9.8.3.3    Forecast Trend (2021-2026)
        9.8.4    Biochemical
            9.8.4.1    Market Share
            9.8.4.2    Historical Trend (2016-2020)
            9.8.4.3    Forecast Trend (2021-2026)
        9.8.5    Biometric and Ambience
            9.8.5.1    Market Share
            9.8.5.2    Historical Trend (2016-2020)
            9.8.5.3    Forecast Trend (2021-2026)
        9.8.6    Others
    9.9    Global Optical Sensing Market by End Use
        9.9.1    Aerospace and Defence
            9.9.1.1    Market Share
            9.9.1.2    Historical Trend (2016-2020)
            9.9.1.3    Forecast Trend (2021-2026)
        9.9.2    Utilities
            9.9.2.1    Market Share
            9.9.2.2    Historical Trend (2016-2020)
            9.9.2.3    Forecast Trend (2021-2026)
        9.9.3    Oil and Gas
            9.9.3.1    Market Share
            9.9.3.2    Historical Trend (2016-2020)
            9.9.3.3    Forecast Trend (2021-2026)
        9.9.4    Medical
            9.9.4.1    Market Share
            9.9.4.2    Historical Trend (2016-2020)
            9.9.4.3    Forecast Trend (2021-2026)
        9.9.5    Construction
            9.9.5.1    Market Share
            9.9.5.2    Historical Trend (2016-2020)
            9.9.5.3    Forecast Trend (2021-2026)
        9.9.6    Consumer Electronics
            9.9.6.1    Market Share
            9.9.6.2    Historical Trend (2016-2020)
            9.9.6.3    Forecast Trend (2021-2026)
        9.9.7    Others
    9.10    Global Optical Sensing Market by Region
        9.10.1    Market Share
            9.10.1.1    North America
            9.10.1.2    Europe
            9.10.1.3    Asia Pacific
            9.10.1.4    Latin America
            9.10.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2016-2020)
        10.1.2    Forecast Trend (2021-2026)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2016-2020)
        10.2.2    Forecast Trend (2021-2026)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Spain
            10.2.3.5    Belgium
            10.2.3.6    Netherlands
            10.2.3.7    Luxembourg
            10.2.3.8    Ireland
            10.2.3.9    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2016-2020)
        10.3.2    Forecast Trend (2021-2026)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    India
            10.3.3.3    Malaysia
            10.3.3.4    Vietnam
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2016-2020)
        10.4.2    Forecast Trend (2021-2026)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Chile
            10.4.3.3    Colombia
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2016-2020)
        10.5.2    Forecast Trend (2021-2026)
        10.5.3    Breakup by Country
            10.5.3.1    North Africa
            10.5.3.2    Sub-Sahara Africa
            10.5.3.3    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Vishay Intertechnology, Inc.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    ROHM Co., Ltd. 
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Analog Devices, Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    ams AG
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Oxsensis
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    Global Optical Sensing Market: Key Industry Highlights, 2016 and 2026
2.    Global Optical Sensing Historical Market: Breakup by Source (USD Billion), 2016-2020
3.    Global Optical Sensing Market Forecast: Breakup by Source (USD Billion), 2021-2026
4.    Global Optical Sensing Historical Market: Breakup by Operation (USD Billion), 2016-2020
5.    Global Optical Sensing Market Forecast: Breakup by Operation (USD Billion), 2021-2026
6.    Global Optical Sensing Historical Market: Breakup by Type (USD Billion), 2016-2020
7.    Global Optical Sensing Market Forecast: Breakup by Type (USD Billion), 2021-2026
8.    Global Optical Sensing Historical Market: Breakup by Products (USD Billion), 2016-2020
9.    Global Optical Sensing Market Forecast: Breakup by Products (USD Billion), 2021-2026
10.    Global Optical Sensing Historical Market: Breakup by Application (USD Billion), 2016-2020
11.    Global Optical Sensing Market Forecast: Breakup by Application (USD Billion), 2021-2026
12.    Global Optical Sensing Historical Market: Breakup by End Use (USD Billion), 2016-2020
13.    Global Optical Sensing Market Forecast: Breakup by End Use (USD Billion), 2021-2026
14.    Global Optical Sensing Historical Market: Breakup by Region (USD Billion), 2016-2020
15.    Global Optical Sensing Market Forecast: Breakup by Region (USD Billion), 2021-2026
16.    North America Optical Sensing Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    North America Optical Sensing Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Europe Optical Sensing Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Europe Optical Sensing Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Asia Pacific Optical Sensing Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Asia Pacific Optical Sensing Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Latin America Optical Sensing Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Latin America Optical Sensing Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Middle East and Africa Optical Sensing Historical Market: Breakup by Country (USD Billion), 2016-2020
25.    Middle East and Africa Optical Sensing Market Forecast: Breakup by Country (USD Billion), 2021-2026
26.    Global Optical Sensing Market Structure

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