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Optical Sensors Market size worth USD 30 billion by 2024

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Optical Sensors Market size is expected to reach USD 30 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong demand for precise, environmental friendly and safety systems is likely to drive global optical sensors market size from 2016 to 2024. – PowerPoint PPT presentation

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Title: Optical Sensors Market size worth USD 30 billion by 2024


1
Optical Sensors Market size worth USD 30 billion
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Optical Sensors Market
  • Image sensors market share accounted for more
    than 50 of the revenue in 2015. Increasing usage
    in in high-end smartphones coupled with
    applications such as restore recognition, 3D
    mapping, eye tracking etc. will drive growth
    across this segment.
  • Ambient light sensors market was valued at USD
    1.75 billion in 2015. This can be attributed to
    escalating integration of these devices in
    electronic devices such as mobile phones and
    tablets.
  • Aerospace and defense sector is projected to grow
    at 8.2 CAGR from 2016 to 2024 due to rising
    demand for high detection and precision products.

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Continued...
  • Healthcare sector accounted for over 12 of the
    optical sensors market share in 2015. Rising
    acceptance of healthcare platforms for targeting
    obesity, stroke, depression, cardiovascular and
    musculoskeletal disorders will drive the demand
    over the forecast timeline.
  • Asia Pacific optical sensors market size is
    estimated to be valued at over USD 10 billion by
    2024 owing to rising demand of consumer
    electronic devices including smartphones and
    cameras.
  • The industry expects major vendors to focus on
    technological innovation in order to consolidate
    share and gain a robust customer base. Major
    players are Sony, Samsung, Canon, and Omnivision.
    Mergers and acquisitions coupled with new product
    development are the main strategies adopted by
    these participants to gain competitive edge.

4
China Optical Sensor Market size, by application,
2013-2024 (USD Million)

5

Browse Full Market Research Report Optical
Sensors Market _at_ http//goo.gl/exG30X Request
for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/7
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360 Analysis
  • Application Analysis
  • Aerospace defense sector is anticipated to grow
    at 8.2 CAGR from 2016 to 2024, due to rising
    demand for superior detection capability
    products. Rising adoption of personal electronics
    including smartphones and other portable devices
    across emerging economies such as India and China
    may drive the consumer electronics segment.
  • Regional Analysis
  • Asia Pacific, mainly China, South Korea and India
    optical sensors market share accounted for over
    30 of the revenue in 2015. Escalating demand for
    handheld as well as electronic systems is likely
    to drive regional growth through 2024. Untapped
    potential and steady demand in the region may
    contribute towards high growth rate.
  • Competitive Market Share
  • Major industry participants contributing to
    global optical sensors market share include Sony,
    Omnivision, Samsung, and Canon. Other prominent
    players are ABB, Analog Devices, Baumer Group,
    Broadcom, Coherent, Eaton, Emcore, Finisar,
    Omron, Robert Bosch, STMicroelectronics, and Sick
    AG.


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