Optical Sensors Market Strong demand for precise, environmental friendly and safety system by 2024

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Global Optical Sensors Market to Surpass 30bn by
2024 Fractovia.org
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Key Insights of Optical Sensors Market

• Optical sensors market is poised to register a
  lucrative CAGR of 7.5 over the period of
  2016-2024, with a projected revenue collection of
  more than USD 30 billion by 2024.
• Optical sensors market already a billion-dollar
  business space is slated to almost double its
  industry share in the next seven years.
• Owing to some of its unique features like light
  weight, compactness, passivity, and easy
  accessibility, these sensors offer dynamic
  sensing range, which provides them with a
  competitive edge over other counterparts.
  Continuous upgradation of mobile technology that
  has resulted in an acceleration in consumer
  demand for featured smartphones that support 3D
  mapping, restore recognition, eye tracking etc.,
  is further spurring the industrys rapid
  propulsion.
• Superior sensitivity, amenability to
  multiplexing, and immunity against electronic
  interference are allowing optical sensors
  industry to be the most chosen sensor technology
  in various fields including aerospace and
  defense, healthcare, commercial surveillance, and
  industries. Medical space is actively partaking
  in optical sensors market.

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Continued

• Advancements in healthcare IT have resulted in
  the introduction of biomedical imaging sensors
  that are being extensively used in different
  medical units such as cardiovascular intensive
  care, ophthalmology, gastroenterology, angiology,
  as well as in dentistry. Optical sensors industry
  share from medical applications is expected to
  spectate massive growth in the years ahead,
  having held 12 of the total share in 2015.
• Based on various categories of sensors that are
  available in the market, ambient light sensors
  and image sensors are experiencing large-scale
  adoption across numerous end use industries. A
  noticeable upsurge in consumer demand for
  featured electronic devices that provide various
  unique facilities like ambient light sensing,
  proximity detection, gesture recognition, is
  catalyzing ambient light optical sensors market.
  As per estimation, this industry is poised to
  grow massively at a CAGR of 7.9 over the period
  of 2016-2024.

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Continued

• Image optical sensors industry accounted for a
  major share in 2015, and is slated to grow
  significantly at a projected annual rate of 7.3
  over the coming seven years. These photo
  detectors are extensively in demand in various
  wearable electronics, that are used both in
  personal as well as in commercial applications.
• Geographically, Asia pacific held a major chunk
  of optical sensors market in 2015 by covering
  more than 50 of the total volume. With
  increasing consumer electronics products demand
  across emerging regions such as India, China, and
  South Korea, APAC industry is expected to
  continue its dominance in the global landscape.
• U.S. optical sensors industry is also anticipated
  to have substantial growth in the years ahead
  with the rising adoption of upgraded sensors for
  smart control system management and factory
  automation. Some of the prominent companies that
  are actively operating in optical sensors market
  include Canon, Samsung, Omnivision, and Sony.

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China Optical Sensor Market size, by application,
2013-2024 (USD Million)

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Continued

• Based on the product trends, image optical
  sensors market accounted for a considerably
  larger share (more than half of the total
  revenue) in 2015 and is poised to grow
  lucratively with a CAGR estimation of more than
  7.3 over the period 2016-2024. Image sensors or
  photo detectors are widely used in various
  wearable electronics equipment both in the
  commercial as well as the personal front.
• The upsurge in consumer demand for electronic
  devices that will be able to provide proximity
  detection, ambient light sensing, and gesture
  recognition is fueling the ambient light sensors
  demand. It is estimated that ambient light
  optical sensors market will grow massively in the
  years ahead with an annual growth rate of 7.9
  over 2016-2024.

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Continued

• Geographically, the global market is majorly
  driven by Asia Pacific optical sensors market,
  with prominent revenue contributions being from
  countries such as China, India, and South Korea.
  Accelerating demand for consumer electronics
  along with untapped potential is boosting the
  regional growth. Wide adoption of hi-tech sensors
  in factory automation and smart control systems
  is pushing U.S. optical sensors industry.
• Extensive research is being continuously done by
  key players to enhance the product portfolio
  which would offer better connectivity even in
  harsh environmental conditions. Some of the
  industry participants are also involved in
  mergers to attain a competitive edge.
• For instance, Broadcom Incorporation is taken
  over by Avago Technologies to provide a
  diversified communication platform in
  semiconductors industry. players of the optical
  sensors market include Samsung, Sony, Omnivision,
  and Canon.

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Table Content of Optical Sensors Market
Chapter 1 Methodology Scope 1.1 Research
Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Research scope
assumptions 1.2 Data Sources Chapter 2
Executive Summary 2.1 Optical sensor industry
3600 synopsis, 2013 - 2024 2.1.1 Business
trends 2.1.2 Regional trends 2.1.3 Product
trends 2.1.4 Application trends
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Continued
Chapter 3 Optical Sensor Industry
Insights 3.1 Optical sensor industry
segmentation 3.2 Industry Size and forecast,
2013 - 2024 3.3 Industry ecosystem
analysis 3.3.1 Vendor matrix 3.3.2
Distribution channel analysis 3.4 Technology
innovation landscape 3.4.1 Hyperspectral
Imaging 3.4.2 Near Infrared Spectroscopy
(NIR) 3.4.3 Photo-Acoustic Tomography
(PAT) 3.4.4 Optical Coherence Tomography
(OCT) 3.5 Regulatory Landscape 3.6 Industry
Impact forces 3.6.1 Growth drivers 3.6.1.1
Increasing applications in smart homes and
electronics 3.6.1.2 Growing demand from
healthcare and oil gas sector 3.6.2 Industry
pitfalls and challenges 3.6.2.1 High
installation costs and sensitivity
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