Explore The Newest Market Penetrating Strategies Of Light Sensors Market 2022 (2.14 Billion USD Market)

Light Sensors Marketby Function (Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition, UV/Infrared Light (IR) Detection), by Output, by Integration (Discrete, Combination), by Application and Region – Global Forecast to 2022″

The light sensors market is estimated to reach USD 2.14 Billion by 2022, growing at a CAGR of 9.3% between 2016 and 2022. The factors driving the light sensors market include the growing implementation of light sensor functions in the consumer electronics such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the light sensors market.

Consumer electronics accounted for a large share of the light sensors market in 2015. The implementation of light sensor functions in mobile devices and tablets is driving the light sensors market for the consumer electronics sector. The increasing demand from OEMs to implement light sensor function such as ambient light sensing, proximity detection, RGB color sensing, and gesture recognition in mobile devices and tablets has supported the growth of this market.

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The automotive sector expected to grow at a high CAGR between 2016 and 2022

The market for light sensors for the automotive sector is expected to grow at a high CAGR between 2016 and 2022. The growing awareness about user-friendly interface with in-built light sensors for driver assistance and driver safety is propelling the growth of the automotive sector of the light sensors market. Light sensors in the automotive sector offer higher safety and vehicle reliability. These sensors are helping the driver from getting distracted while driving. All these factors are expected to drive the automotive sector supporting the growth of the light sensors market.

The ecosystem of the light sensors market includes the raw material and sensor component suppliers, sensing ICs manufacturers, distributors/OEMs which include manufacturers of electronic devices and industry automation companies. The key players in the market include ams AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (U.S.), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Vishay Intertechnology, Inc. (U.S.) among others.

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Author: Mauli Naikude

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