Optical Sensor Market to Reach $18.7bn by 2018 on Strong Industrial and Consumer Demand - Optical sensors are electronic detectors which work on the presence or absence of light or infrared rays and convert the same into an electronic signal. Usually they are part of a much larger system where this electronic signal is interpreted or analyzed in different ways to produce a result – like presence of a person, capturing an image, movement of an object or position of an object and so on. This report gives an in-depth segmentation of the market by product types like IR sensor, proximity sensor, image sensor, position sensor, RGB sensor and so on.
Optical Sensor Market to Reach $18.7bn by 2018 on Strong Industrial and Consumer Demand
By sanjay matthew
Sep 5, 2014 - 8:26:24 AM
The global optical sensor market is slated to grow at the compound annual rate of about 5-6 % for the next 5 years, and it is estimated to reach around $18.7bn by 2018. As per the current reports, the global optical sensor market is rapidly growing across the globe due to the increase in demand for handheld devices like tablets and smart phones that uses the same. Smartphones and tablets are very rapidly growing and they are definitely here to stay. As long as the market’s demand for smartphones and tablets remain, there will be a steady increase in the demand for optical sensors like light and proximity sensors. Light and proximity sensors that are based on this estimation are expected to grow to around $1.5bn by 2018 for the same reason.
Essentially, optical sensors are those electronic detectors which work on the presence or absence of light or infrared rays and convert the same into an electronic signal. Usually, they are part of a much larger system where this electronic signal is interpreted or analyzed in different ways to produce a suitable result, like to identify the presence of a person, to capture an image, identify the movement of an object or position of an object and other such results.
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The growing demand for optical sensors in the Asia Pacific due to the growth of innovations, the presence of cheaper technologies available, and the growth of urban population using the same in these regions are expected to open new opportunities for the market.
At present, the light and proximity sensor market is at around $850m in 2013, from which it is supposed to grow to $1.5bn, thanks to the additional number of shipments of tablet PCs and smartphones. Also, the market for global image sensor market is expected to reach around $10.5bn by 2018, from around $8.75bn in 2013, with CMOS sensors occupying more than 90% share of the total market.
IndustryARC believes that the key players in the market for optical sensors dealing chiefly with CMOS, like OmniVision Technologies, Ltd. (U.S.A), Aptina Imaging Corporation (U.S.A), and Samsung Electronics Co., Ltd. (South Korea) will be significantly affected in the future. As Omnivision and Aptina are CMOS oriented, their presence is considerable, because CMOS sensors occupy a huge stake in the market and tend to control most of the market trends.
The companies producing non-CMOS based sensors will also be significantly affected where SICK AG, Banner Engineering, SensoPart and Rockwell Automation are the top four companies in the market and they together occupy around 61% market share. These companies have their products in RGB/Color sensor, luminescence, print mark sensor and contrast sensor segment types, and they are supposed to be considerably affected in the near future.
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