Reports
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 (2018-2028); 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 2023-2028.
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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.
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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.
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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.
| 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- 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
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 Sensor Market Analysis
9.1 Key Industry Highlights
9.2 Global Optical Sensor Historical Market (2018-2022)
9.3 Global Optical Sensor Market Forecast (2023-2028)
9.4 Global Optical Sensor Market by Source
9.4.1 LED
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 LASER
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.5 Global Optical Sensor Market by Operation
9.5.1 Through-Beam Sensor
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Retro-Reflective Sensor
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Diffuse Reflection Sensor
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.6 Global Optical Sensor Market by Type
9.6.1 Extrinsic
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Intrinsic
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.7 Global Optical Sensor Market by Products
9.7.1 Fibre Optic Sensors
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Image Sensors
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Photoelectric Sensors
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Ambient Light and Proximity Sensors
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Infrared Detectors
9.7.5.1 Market Share
9.7.5.2 Historical Trend (2018-2022)
9.7.5.3 Forecast Trend (2023-2028)
9.7.6 Others
9.8 Global Optical Sensor Market by Application
9.8.1 Pressure and Strain Sensing
9.8.1.1 Market Share
9.8.1.2 Historical Trend (2018-2022)
9.8.1.3 Forecast Trend (2023-2028)
9.8.2 Temperature Sensing
9.8.2.1 Market Share
9.8.2.2 Historical Trend (2018-2022)
9.8.2.3 Forecast Trend (2023-2028)
9.8.3 Geological Survey
9.8.3.1 Market Share
9.8.3.2 Historical Trend (2018-2022)
9.8.3.3 Forecast Trend (2023-2028)
9.8.4 Biochemical
9.8.4.1 Market Share
9.8.4.2 Historical Trend (2018-2022)
9.8.4.3 Forecast Trend (2023-2028)
9.8.5 Biometric and Ambience
9.8.5.1 Market Share
9.8.5.2 Historical Trend (2018-2022)
9.8.5.3 Forecast Trend (2023-2028)
9.8.6 Others
9.9 Global Optical Sensor Market by End Use
9.9.1 Aerospace and Defence
9.9.1.1 Market Share
9.9.1.2 Historical Trend (2018-2022)
9.9.1.3 Forecast Trend (2023-2028)
9.9.2 Utilities
9.9.2.1 Market Share
9.9.2.2 Historical Trend (2018-2022)
9.9.2.3 Forecast Trend (2023-2028)
9.9.3 Oil and Gas
9.9.3.1 Market Share
9.9.3.2 Historical Trend (2018-2022)
9.9.3.3 Forecast Trend (2023-2028)
9.9.4 Medical
9.9.4.1 Market Share
9.9.4.2 Historical Trend (2018-2022)
9.9.4.3 Forecast Trend (2023-2028)
9.9.5 Construction
9.9.5.1 Market Share
9.9.5.2 Historical Trend (2018-2022)
9.9.5.3 Forecast Trend (2023-2028)
9.9.6 Consumer Electronics
9.9.6.1 Market Share
9.9.6.2 Historical Trend (2018-2022)
9.9.6.3 Forecast Trend (2023-2028)
9.9.7 Others
9.10 Global Optical Sensor 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 (2018-2022)
10.1.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.2.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.4.2 Forecast Trend (2023-2028)
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 (2018-2022)
10.5.2 Forecast Trend (2023-2028)
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 Key Indicators for Demand
11.4 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 Key Figures and Tables
1. Global Optical Sensor Market: Key Industry Highlights, 2018 and 2028
2. Global Optical Sensor Historical Market: Breakup by Source (USD Billion), 2018-2022
3. Global Optical Sensor Market Forecast: Breakup by Source (USD Billion), 2023-2028
4. Global Optical Sensor Historical Market: Breakup by Operation (USD Billion), 2018-2022
5. Global Optical Sensor Market Forecast: Breakup by Operation (USD Billion), 2023-2028
6. Global Optical Sensor Historical Market: Breakup by Type (USD Billion), 2018-2022
7. Global Optical Sensor Market Forecast: Breakup by Type (USD Billion), 2023-2028
8. Global Optical Sensor Historical Market: Breakup by Products (USD Billion), 2018-2022
9. Global Optical Sensor Market Forecast: Breakup by Products (USD Billion), 2023-2028
10. Global Optical Sensor Historical Market: Breakup by Application (USD Billion), 2018-2022
11. Global Optical Sensor Market Forecast: Breakup by Application (USD Billion), 2023-2028
12. Global Optical Sensor Historical Market: Breakup by End Use (USD Billion), 2018-2022
13. Global Optical Sensor Market Forecast: Breakup by End Use (USD Billion), 2023-2028
14. Global Optical Sensor Historical Market: Breakup by Region (USD Billion), 2018-2022
15. Global Optical Sensor Market Forecast: Breakup by Region (USD Billion), 2023-2028
16. North America Optical Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
17. North America Optical Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Europe Optical Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Europe Optical Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Asia Pacific Optical Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Asia Pacific Optical Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Latin America Optical Senor Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Latin America Optical Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Middle East and Africa Optical Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
25. Middle East and Africa Optical Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
26. Global Optical Sensing Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 11% between 2021 and 2026.
The major industry drivers include rising population, increased urbanisation, and the rising demand from the end use sectors.
The key trends in the market are rising adoption of wearable healthcare devices in developed economies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The sources can be divided into LED and LASER.
The operation segments can be divided into through-beam sensor, retro-reflective sensor, and diffuse reflection sensor.
The types of optical sensors can be divided into through-beam sensor, retro-reflective sensor, and diffuse reflection sensor.
Aerospace and defence segment is the dominant end use in the industry.
The products can be divided into fibre optic sensors, image sensors, photoelectric sensors, ambient light and proximity sensors, and infrared detectors, among others.
The application sectors include pressure and strain sensing, temperature sensing, geological survey, biochemical, biometric and ambience, among others.
The major players in the industry are Vishay Intertechnology, Inc, ROHM Co., Ltd, Analog Devices, Inc, ams AG, and Oxsensis, among others.
Analyst Review
The global optical sensor market is driven by the rising demand in various end use sectors. Aided by the rising adoption of wearable healthcare devices in developed economies, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 11%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The sources can be divided into LED and LASER. The operation segments can be divided into through-beam sensor, retro-reflective sensor, and diffuse reflection sensor. The types of optical sensors can be divided into through-beam sensor, retro-reflective sensor, and diffuse reflection sensor. Based on end uses, the optical sensor industry can be segmented into aerospace and defence, utilities, oil and gas, medical, construction, consumer electronics, among others, with aerospace and defence accounting for the largest market share. The products can be divided into fibre optic sensors, image sensors, photoelectric sensors, ambient light and proximity sensors, and infrared detectors, among others. The major regional markets for optical sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Vishay Intertechnology, Inc, ROHM Co., Ltd, Analog Devices, Inc, ams AG, and Oxsensis, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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