Optical Sensor Market Trends 2023 | Research Report, Business Growth and Industry Forecast to 2028

PRESS RELEASE
Published January 28, 2023

According to the latest report by IMARC Group, titled “Optical Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global optical sensor market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global optical sensor market size reached US$ 21.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.0 Billion by 2028, exhibiting a growth rate (CAGR) of 10.3% during 2023-2028.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2022

Historical Period: 2017-2022

Forecast Period: 2023-2028

Optical Sensor Market Overview:

Optical sensors are transducers that convert physical amounts of light into electric signals based on the requirement. Some commonly available product variants include internal and external optical sensors. They resist extreme temperatures and chemically reactive environments and can operate in a dynamic wavelength range. They also have high optical resolution and are quite sensitive. As a result, optical sensors find extensive applications across the consumer electronics, automotive and transportation, healthcare, and industrial sectors across the globe.

Download free sample brochure: https://www.imarcgroup.com/optical-sensor-market/requestsample

Optical Sensor Market Trends:

The global optical sensor market is primarily driven by rising demand for energy-efficient devices. Moreover, the versatility, compactness, and light weight of optical sensors have led to the widespread integration of numerous electronics with advanced features, such as automatic brightness management, 3D mapping, restore recognition, and biometric identification. 

In line with this, the increasing use of ambient sensors in vehicles to detect the position of curbs and nearby vehicles while parking, automatically dim headlights, and improve visibility in adverse weather conditions has catalyzed market growth. Furthermore, the development of molecularly imprinted nanoparticles (MIP)-based optical sensors at the nanoscale that exhibit enhanced performance than their conventional-sized counterparts is contributing to the market growth. 

Other factors, including escalating demand for optical sensors in wearable healthcare devices, rising use of building automation solutions, and rapid expansion in the consumer electronics industry, are also anticipated to create a positive market outlook.

Checkout Now: https://www.imarcgroup.com/checkout?id=6215&method=1


Optical Sensor Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Optical Sensor market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

List of  Major Key Players: 

  • ams-OSRAM AG
  • Analog Devices Inc.
  • Broadcom Inc.
  • Hamamatsu Photonics K.K.
  • Honeywell International Inc.
  • ifm electronic gmbh
  • Keyence Corporation
  • OMRON Corporation
  • Panasonic Holdings Corporation
  • Rockwell Automation Inc.
  • Rohm Co. Ltd.
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Vishay Intertechnology Inc.

The report has segmented the market on the basis of type, operation, sensor type, application and industry vertical.

Breakup by Type:

Intrinsic Optical Sensors

Extrinsic Optical Sensors

Breakup by Operation:

Through-Beam

Retro-Reflective

Diffuse Reflection

Breakup by Sensor Type:

Fiber Optic Sensor

Image Sensor

Photoelectric Sensor

Ambient Light and Proximity Sensor

Others

Breakup by Application:

Pressure and Strain Sensing

Temperature Sensing

Geological Survey

Biometric

Others

Breakup by Industry Vertical:

Consumer Electronics

Industrial

Aerospace and Defense

Oil and Gas

Automotive

Healthcare

Others

Breakup by Region:

North America: (United States, Canada)

Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=6215&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com

WRITTEN BY

IMARC

 
COPYRIGHT © DIGITAL JOURNAL INC. Sitemaps: XML / News. Digital Journal is not responsible for the content of external sites. Read more about our external linking