Global Optical Sensors Market Analysis and Forecast (2013 – 2018): Types (Position, Ambient Light, Motion, Proximity, Image); Verticals (Industrial, Automotive, Defense, Commercial)
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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 ...
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.
The Global Optical sensor market is rapidly growing across the globe due to the increase in demand for the handheld devices like tablets and smart phones. Smart phones and tablets are very rapidly growing and are here to stay and as long as the market persists there will be increase in demand for optical sensors like light and proximity sensors. Light and proximity sensors based on the estimation are expected to grow to a $1.5bn industry by 2018 due to steady rise in the market for handheld devices.
The Global Optical sensor market is slated to grow at 5-6 % CAGR year on year for next 5 years. The market is estimated to reach $18.7bn by 2018.
The Light/proximity sensor market is also expected to grow very rapidly due to their extensive use in mobiles and tablets. Due to urbanization and affordability the market for those devices is increasing and so is the growth for these sensors. On the other hand image sensor market is skyrocketing compared to other sensors as it’s very widely used. The market for image sensors goes from cameras to medical applications. The wide market for image sensors is making it the largest segment in the optical sensor industry. The segment with least market size is IR sensors according to analysis. It is due to the gradual decrease in the use of infrared sensors as advanced sensors are with much accuracy and more sensitivity are coming into the market. The infrared sensors were very widely used in their inception but now the usage of infrared sensors is gradually decreasing and is expected to be limited to scientific researches in the future.
Innovative products are gradually capturing the global optical sensor market. Companies such as SICK are offering new products with better functionality and efficiency. ABB and Eaton are trying to make the product cheaper without reducing the efficiency to increase the market range.
This report on the Global Optical Sensor Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the different segments in Optical sensor market.
For more information:http://industryarc.com/Report/58/global-optical-sensors-market.html
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