Light sensors are installed in consumer electronic devices like smartphones and tablets to control automatic screen brightness and other features, which require the light to be sensed. The adoption of these electronics will escalate, on account of high demand from young population, especially the millennials. With a boom in the world population, the penetration of these devices will increase in the future. Owing to this reason, the light sensor market will accelerate at 9.5% CAGR during 2020–2030. According to P&S Intelligence, the market generated $1,456.2 million revenue in 2019.
Additionally, the establishment of smart cities has amplified the usage of light sensors, globally. These townships have sensor-based lights, primarily for ambient light sensing, as the lights in these cities have to be energy efficient. Due to this reason, the lights will switch on or increase the brightness when it gets dark. Similarly, during the day time, the artificial lights will either switch off automatically or decrease their brightness, thereby conserving electricity. Moreover, construction of new smart cities in India, Brazil, and China will fuel the installation of light-sensing devices in the future.
Read Full Report: Light Sensor Market Revenue Estimation and Growth Forecast Report
Apart from this, light sensors are also consumed in large quantity in the automobile industry. The automakers install these devices in the advanced driver assistance systems (ADAS) for park assist and to sense the light. Moreover, the integration of internet of things (IoT) technology in ADAS devices has led to the increased adoption of light sensors in these devices. Besides, the light sensing systems also find applications in the healthcare, industrial, and entertainment sectors.
In recent years, players in the light sensor market have started engaging in product launches to gain a competitive edge. For instance, ams AG launched a tiny digital proximity sensor module — TMD2635, in September 2019. Installation of this sensor gives freedom to manufacturers of true wireless stereo (TWS) devices, to develop lighter and smaller earbuds of industrial design. Further, the company also introduced an advanced spectral ambient light sensor — AS7350, in January 2020. It is also designed for high-end smartphones as it offers accurate light source identification.
What Does Light Sensor Add to ADAS Devices?
Likewise, in January 2020, Vishay Intertechnology Inc. launched a line of integrated RGBC-IR color sensors that contain amplifiers, photodiodes, and analog/digital circuits. These devices can sense blue, green, red, and infrared (IR) light. Further, these color sensors can be used for color cast correction and automatic white point balancing in digital cameras, automatic liquid crystal display (LCD) backlight adjustment, and active monitoring of light-emitting diode (LED) color output in smart lighting and IoT devices. Other companies producing advanced light sensors include Sharp Corporation, Maxim Integrated Products Inc., Broadcom Inc., and STMicroelectronics N.V.
Geographically, the Asia-Pacific (APAC) region is expected to use the highest quantity of light sensors in the foreseeable future. This can be owed to the increasing adoption of vehicles and consumer electronics and the booming population in the region. Moreover, the escalating demand for electric vehicles (EVs) in countries, such as Japan and China, will fuel the utilization of light sensors in the automobile industry. Light sensing is vital for EVs, as it is incorporated in parking assistance systems and interior lighting control systems of these vehicles.
Thus, the expansion of consumer electronics and automotive sectors and the technological advancements in these sectors will propel the integration of light sensors in the coming years.
What Does Light Sensor Add to ADAS Devices?
Countries such as India, China, and Brazil are currently focusing on the establishment of smart cities to preserve energy and improve the living standard of their citizens. As smart cities aim to reduce energy consumption, governments of such countries are increasingly integrating sensors in their lighting systems, which have exceptional energy efficiency. Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity. Thus, the surging construction of smart cities in these developing countries will boost the adoption of light sensors in the foreseeable future.
Moreover, the increasing use of consumer electronics will also drive the light sensor market at a CAGR of 9.5% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $1,456.2 million in 2019. Automatic screen brightness control and several other features in consumer electronics, such as smartphones and tablets, require light sensors for sensing lights. Thus, the rising uptake of smartphones, primarily on account of the booming youth population, will drive the demand for light sensors in the upcoming years.
Light Sensor Market Revenue Estimation and Growth Forecast Report
In addition to the consumer electronics sector, the automotive, healthcare, entertainment, agriculture, aerospace and defense, and manufacturing industries are also creating a huge requirement for light sensors worldwide. Companies operating in these industries are using light sensors being manufactured by ams AG, Broadcom Inc., Panasonic Corporation, Vishay Intertechnology Inc., Everlight Electronics Co. Ltd., STMicroelectronics N.V., Maxim Integrated Products Inc., Sharp Corporation, ROHM Co. Ltd., and Texas Instruments Incorporated. Manufacturing facilities of these end-use industries either use a combination of light sensors or a discrete light sensor in their end products.
The function segment of the light sensor market is classified into ambient light sensing, gesture recognition, proximity detection, infrared radiation (IR) detection, and red green blue (RGB) color sensing. Among these, the ambient sensing category is expected to hold the largest market share during the forecast years, due to the rising integration of light sensors in smartphones, especially for the automatic display control feature. Whereas, the proximity detection category is projected to demonstrate the fastest growth in the forecast years, due to the increasing adoption of light sensors in the healthcare and automotive industries.
Market Segmentation by Function
As a result of the wide application base of light sensors, manufacturers of these devices are focusing on the introduction of new products, to reach out to a greater number of customers. For instance, in October 2019, ams AG launched the TCS3408 color sensor to measure the color and brightness of ambient light. Additionally, the sensor also helps in reducing the flawed artifacts caused by artificial lighting, by detecting photometric flicker. Similarly, in January 2020, ams AG unveiled the AS7350, an advanced spectral ambient light sensor, for high-end smartphones to efficiently balance the white point in all lighting conditions.
Globally, the Asia-Pacific (APAC) light sensor market generated the highest revenue during the historical period (2014–2019), and it is expected to continue this trend throughout the forecast period. This can be credited to the flourishing automobile industry, burgeoning demand for consumer electronics, and booming population in the region. Furthermore, the increasing adoption of electric vehicles (EVs), especially in Japan and China, owing to the rising number of government initiatives supporting the production and uptake of EVs, will also contribute to the market growth in the region in the forthcoming years.
Therefore, the booming demand for consumer electronics and the soaring number of smart cities in developing countries will fuel the adoption of light sensors in the coming years.
CHAPTER 01 RESEARCH SCOPE
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Size Breakdown by Segment
1.4.1 Market size breakdown by function
1.4.2 Market size breakdown by output
1.4.3 Market size breakdown by integration
1.4.4 Market size breakdown by end use
1.4.5 Market size breakdown by region
1.5 Market Data Reporting Unit
1.5.1 Value
1.6 Key Stakeholders
CHAPTER 02 RESEARCH METHODOLOGY
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 P&S Intelligence database
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes and Caveats
CHAPTER 03 EXECUTIVE SUMMARY
3.1 Global Market Summary
3.2 North America Market Summary
3.3 Europe Market Summary
3.4 APAC Market Summary
3.5 LATAM Market Summary
3.6 MEA Market Summary
CHAPTER 04 MARKET INDICATORS
CHAPTER 05 INDUSTRY OUTLOOK
5.1 Voice of Industry Experts/KOLs
5.2 Market Dynamics
5.2.1 Trends
5.2.2 Drivers
5.2.3 Restraints/challenges
5.2.4 Impact analysis of drivers/restraints
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Analysis
5.4.1 Bargaining power of buyers
5.4.2 Bargaining power of suppliers
5.4.3 Intensity of rivalry
5.4.4 Threat of new entrants
5.4.5 Threat of substitutes
CHAPTER 06 GLOBAL MARKET
6.1 Overview
6.2 Market Revenue, by Function (2014–2030)
6.3 Market Revenue, by Output (2014–2030)
6.4 Market Revenue, by Integration (2014–2030)
6.5 Market Revenue, by End Use (2014–2030)
6.6 Market Revenue, by Region (2014–2030)
CHAPTER 07 NORTH AMERICA MARKET
7.1 Overview
7.2 Market Revenue, by Function (2014–2030)
7.3 Market Revenue, by Output (2014–2030)
7.4 Market Revenue, by Integration (2014–2030)
7.5 Market Revenue, by End Use (2014–2030)
7.6 Market Revenue, by Country (2014–2030)
7.6.1 U.S. market revenue (2014–2030)
7.6.2 Canada market revenue (2014–2030)
CHAPTER 08 EUROPE MARKET
8.1 Overview
8.2 Market Revenue, by Function (2014–2030)
8.3 Market Revenue, by Output (2014–2030)
8.4 Market Revenue, by Integration (2014–2030)
8.5 Market Revenue, by End Use (2014–2030)
8.6 Market Revenue, by Country (2014–2030)
8.6.1 Germany market revenue (2014–2030)
8.6.2 France market revenue (2014–2030)
8.6.3 U.K. market revenue (2014–2030)
8.6.4 Italy market revenue (2014–2030)
8.6.5 Spain market revenue (2014–2030)
8.6.6 Rest of Europe market revenue (2014–2030)
CHAPTER 09 APAC MARKET
9.1 Overview
9.2 Market Revenue, by Function (2014–2030)
9.3 Market Revenue, by Output (2014–2030)
9.4 Market Revenue, by Integration (2014–2030)
9.5 Market Revenue, by End Use (2014–2030)
9.6 Market Revenue, by Country (2014–2030)
9.6.1 China market revenue (2014–2030)
9.6.2 Japan market revenue (2014–2030)
9.6.3 India market revenue (2014–2030)
9.6.4 South Korea market revenue (2014–2030)
9.6.5 Rest of APAC market revenue (2014–2030)
CHAPTER 10 LATAM MARKET
10.1 Overview
10.2 Market Revenue, by Function (2014–2030)
10.3 Market Revenue, by Output (2014–2030)
10.4 Market Revenue, by Integration (2014–2030)
10.5 Market Revenue, by End Use (2014–2030)
10.6 Market Revenue, by Country (2014–2030)
10.6.1 Brazil market revenue (2014–2030)
10.6.2 Mexico market revenue (2014–2030)
10.6.3 Argentina market revenue (2014–2030)
10.6.4 Rest of LATAM market revenue (2014–2030)
CHAPTER 11 MEA MARKET
11.1 Overview
11.2 Market Revenue, by Function (2014–2030)
11.3 Market Revenue, by Output (2014–2030)
11.4 Market Revenue, by Integration (2014–2030)
11.5 Market Revenue, by End Use (2014–2030)
11.6 Market Revenue, by Country (2014–2030)
11.6.1 Turkey market revenue (2014–2030)
11.6.2 South Africa market revenue (2014–2030)
11.6.3 Saudi Arabia market revenue (2014–2030)
11.6.4 U.A.E. market revenue (2014–2030)
11.6.5 Nigeria market revenue (2014–2030)
11.6.6 Rest of MEA market revenue (2014–2030)
CHAPTER 12 MAJOR MARKETS: SEGMENT ANALYSIS
12.1 Overview
12.2 U.S. Market Revenue, by Function (2014–2030)
12.3 U.S. Market Revenue, by End Use (2014–2030)
12.4 Germany Market Revenue, by Function (2014–2030)
12.5 Germany Market Revenue, by End Use (2014–2030)
12.6 China Market Revenue, by Function (2014–2030)
12.7 China Market Revenue, by End Use (2014–2030)
12.8 Brazil Market Revenue, by Function (2014–2030)
12.9 Brazil Market Revenue, by End Use (2014–2030)
12.10 South Africa Market Revenue, by Function (2014–2030)
12.11 South Africa Market Revenue, by End Use (2014–2030)
CHAPTER 13 COMPETITIVE LANDSCCAPE
13.1 List of Market Players and their Offerings
13.2 Ranking of Key Light Sensor Market Players
13.3 Competitive Benchmarking of Key Players
13.4 Recent Strategic Developments of Key Players
13.4.1 Product Launches
13.4.2 Partnerships
CHAPTER 14 COMPANY PROFILES
14.1 ams AG
14.1.1 Business overview
14.1.2 Product/service offerings
14.1.3 Key financial summary
14.2. Vishay Intertechnology Inc.
14.2.1 Business overview
14.2.2 Product/service offerings
14.2.3 Key financial summary
14.3. STMicroelectronics N.V.
14.3.1 Business overview
14.3.2 Product/service offerings
14.3.3 Key financial summary
14.4. Sharp Corporation
14.4.1 Business overview
14.4.2 Product/service offerings
14.4.3 Key financial summary
14.5. Texas Instruments Incorporated
14.5.1 Business overview
14.5.2 Product/service offerings
14.5.3 Key financial summary
14.6. Broadcom Inc.
14.6.1 Business overview
14.6.2 Product/service offerings
14.6.3 Key financial summary
14.7. Everlight Electronics Co. Ltd.
14.7.1 Business overview
14.7.2 Product/service offerings
14.7.3 Key financial summary
14.8. Maxim Integrated Products Inc.
14.8.1 Business overview
14.8.2 Product/service offerings
14.8.3 Key financial summary
14.9. ROHM Co. Ltd.
14.9.1 Business overview
14.9.2 Product/service offerings
14.9.3 Key financial summary
14.10. Panasonic Corporation
14.10.1 Business overview
14.10.2 Product/service offerings
14.10.3 Key financial summary
CHAPTER 15 APPENDIX
15.1 Abbreviations
15.2 Sources and References
15.3 About the Analyst
15.4 Related Reports
