Global Optical Sensor Market By Overview
Introduction:
Optical sensors are used in various commercial and research applications, such as quality and process control, imaging, medico technologies remote sensing, and metrology. R&D in the field is driven by the expectation that optical sensors will have important advantages over the conventional sensor types, in terms of their properties. The optical sensor is developed based on the molecularly imprinted nanomaterials at the nanoscale to improvise the performance of the optical sensor.
Drivers and Restraints:
The sensors have application in intelligent lighting, helps to save power and response to manual switch on and off the light in the smartphone which is the major propelling factor for the growth of the global market. The increase in adoption of the smartphone with the more security features drives the growth of the target market. For instance, Synaptics announced, that it has started the mass production of its first optical in-display fingerprint sensors. As companies are adopting the on-screen fingerprint authentication in 2017. However, there is an imbalance between the price and the image quality is another fueling factor for the growth of the target market. Nevertheless, lower the price with the high quality of the optical sensor can create an opportunity for the growth of the global market.
Segmentation:
The optical sensor market is segmented based on type, sensor type, application, and region.
Based on the type, the target market is segmented into the extrinsic optical sensor and an intrinsic optical sensor. Extrinsic optical sensor is the dominating segment because it has more industrial applications. Based on sensor type, the global market is classified into fibre optic, sensor, image sensor, photoelectric sensor, ambient light and proximity sensor, and other sensor types. Based on the application, the target market is bifurcated into industrial, medical, biometrics, automotive, consumer, electronics, and other applications.
Based on the region the optical sensor market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the optical sensor market due to growing demand for optical sensors for the smartphones. Asia Pacific optical sensor market is projected to register a high CAGR over the forecast period due to increasing demand for the light saving and advance security in the mobile.
Key Players:
The key players operating the optical sensor market involves On Semiconductor Corporation, IFM Efector Inc., Keyence Corporation, Honeywell International Inc., Vishay Intertechnology Inc., Pepperl Fuchs GmbH, Sick AG, Rockwell Automation Inc., ROHM Co. Ltd., and STMicroelectronics NV. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in February 2019, The On Semiconductor Corporation has upgraded its image sensor product range, KAI- 29052. This sensor is anticipated to provide up to two times more sensitivity, compared to the previous product.
Detailed Segmentation:
Optical Sensor Market, By Type:
- Extrinsic Optical Sensor
- Intrinsic Optical Sensor
Optical Sensor Market, By Sensor Type:
- Fibre Optic Sensor
- Image Sensor
- Photoelectric Sensor
- Ambient Light and Proximity Sensor
- Other Sensor Types
Optical Sensor Market, By Application:
- Industrial
- Medical
- Biometric
- Automotive
- Consumer Electronics
- Other Applications
Optical Sensor Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Optical Sensor Market, By Type
- Middle East & Africa Optical Sensor Market, By Sensor Type
- Middle East & Africa Optical Sensor Market, By Application
- Middle East & Africa Optical Sensor Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Optical Sensor Market, By Type
- Latin America Optical Sensor Market, By Sensor Type
- Latin America Optical Sensor Market, By Application
- Latin America Optical Sensor Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Optical Sensor Market, By Type
- Asia Pacific Optical Sensor Market, By Sensor Type
- Asia Pacific Optical Sensor Market, By Application
- Asia Pacific Optical Sensor Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Optical Sensor Market, By Type
- Europe Optical Sensor Market, By Sensor Type
- Europe Optical Sensor Market, By Application
- Europe Optical Sensor Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Optical Sensor Market, By Type
- North America Optical Sensor Market, By Sensor Type
- North America Optical Sensor Market, By Application
- North America Optical Sensor Market, By Country
- U.S.
- Canada
- Middle East & Africa
Company Profile:
- On Semiconductor Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategy
- IFM Efector Inc.
- Keyence Corporation
- Honeywell International Inc.
- Vishay Intertechnology Inc.
- Pepperl Fuchs GmbH
- Sick AG
- Rockwell Automation Inc.
- ROHM Co. Ltd
- STMicroelectronics NV
“*” marked represents similar segmentation in other categories in the respective section
Global Optical Sensor Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Optical Sensor Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Sensor Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Extrinsic Optical Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Intrinsic Optical Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Sensor Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Fibre Optical Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Image Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Photoelectric Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ambient Light and Proximity Image Sensor
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Sensor Types
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Industrial
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Biometric
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Applications
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sensor Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sensor Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sensor Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sensor Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Sensor Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- On Semiconductor Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategy
- IFM Efector Inc.
- Keyence Corporation
- Honeywell International Inc.
- Vishay Intertechnology Inc.
- Pepperl Fuchs GmbH
- Sick AG
- Rockwell Automation Inc.
- ROHM Co. Ltd
- STMicroelectronics NV
- On Semiconductor Corporation
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The market report has been segmented based on type, sensor type, application, and region.
The Optical Sensor Market is driven by factors such as the increasing demand for optical sensors in consumer electronics, automotive, healthcare, and industrial applications, technological advancements in sensor technologies, the need for high-performance sensing solutions, and the growth of applications like gesture recognition and 3D sensing.
The competition from other sensor technologies, pricing pressures, the impact of the COVID-19 pandemic on supply chains, and concerns about privacy and security in certain applications, acting as restraints for the Optical Sensor Market globally.
North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific, particularly China and Japan, is expected to dominate the Optical Sensor Market, driven by the presence of major electronics manufacturers, increasing adoption of optical sensors in smartphones and automobiles, and ongoing technological advancements.
The prominent player operating in the global optical sensor market includes On Semiconductor Corporation, IFM Efector Inc., Keyence Corporation, Honeywell International Inc., Vishay Intertechnology Inc., Pepperl Fuchs GmbH, Sick AG, Rockwell Automation Inc., ROHM Co. Ltd., and STMicroelectronics NV.