According to a new market report by Lucintel, the future of the light sensor market looks promising with opportunities in the home automation, automotive, consumer electronics, industrial, entertainment, and healthcare industries. The light sensor market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are the increasing use of light sensors in smartphones and tablets and advancements in the automotive electronics and outdoor lighting.
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In this market, ambient light sensing, proximity detection, RGB color sensing, gesture recognition, and UV/IR detection are used in light sensors for various end use industries. Lucintel forecasts that ambient light sensing will remain the largest segment over the forecast period due to growth in home automation systems.
Within the light sensor market, home automation will remain the largest segment over the forecast period due the growth in smart lighting and IoT devices.
APAC will remain the largest region over the forecast period due to growing demand for consumer electronics products and increasing internet penetration in emerging nations.
AMS, Avago Technologies, Broadcom, STMicroelectronics, Vishay Intertechnology, Apple, Sitronix Technology, Everlight Electronics, Heptagon, Maxim Integrated Products are among the major manufacturers of light sensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the light sensors market by sensor type, application, and region. Lucintel has prepared a comprehensive research report entitled "Light Sensors Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the light sensors market by sensor type, application, and region as follows:
By Sensor Type [$M shipment analysis for 2019 – 2024]:
Ambient Light Sensing
Proximity Detector
RGB Color Sensing
Gesture Recognition
UV/IR detection
By Application [$M shipment analysis for 2019 – 2024]:
Consumer electronics
Automotive
Health care
Military and defense
Entertainment
Home automation
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/light-sensor-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.