BANGALORE -- Mordor Intelligence announces publication of the report on Global Optical Sensors Market on October 19, 2015. This report covers the present scenario and the growth prospects of the Global Optical Sensors Market for 2015-2020. In addition, it provides detailed country-wise analysis for Ambient Light Sensors market with Premium Insights.
An optical sensor refers to an aid that helps in the conversion of data/readings of an integrated measuring device to display. These sensors are generally a part of larger system that constitutes a sensor, measuring device and a source of light. Optical sensors has gained significant amount in R&D considering the advantages they provide as compared to traditional sensors.
The market for Global Optical Sensors was valued at US$14.49 billion in 2014 and is expected to reach at US$20.94 billion by 2020, growing at a CAGR of 7.65 percent.
The market dynamics for optical sensors is changing with more companies focusing on technology and innovation in the domain of pixel resolution, pixel count, pixel size for improving the quality of the images and data. The introduction of miniaturized versions, which are easy to use and carry, offer various photoelectric capabilities for more convincing and precise data. The smartphone advancement is expected to spur the need for power saving technology for better battery life, which is expected to drive the demand for optical sensors during the forecast period.
Europe is expected to have highest penetration rate of smartphone, followed by the North American region. This factor is expected to drive the market for optical sensors over the next few years in the developing economies, while slower growth will be observed across African region on account of low LTE deployments.
The market has been divided under Fibre Optic Sensors, Image Sensors, Position Sensors, Ambient Light Sensors, Infrared sensors as main categories. Ambient Light Sensors are further bifurcated into four major technical components such as Cadmium Sulphide (CdS), Silicon (Si), InGaAs and Extended InGaAs.
Major players in the market are Mouser Electronics, SICK AG, Rockwell Automation, Honeywell, Eaton, Turck, Bosch, Atmel, ST Microelectronics, Hitachi, OmniVision, among others.
The growth rate of Cadmium Sulphide Ambient Light Sensors market would not be significant because of certain challenges such as disposability issues and ROHS compliance in the European Region. We believe that efficient inspection process and the efficiency to remodel shipping and printing abilities holds the key for a manufacturer and distributor in this market. Moreover, ROHS compliance is estimated to affect the market growth rate, which includes home appliances and toys. However, compared to EU, Chinese RoHS compliance makes everyone in the supply chain responsible for non-compliance, while only manufacturers, importers and some retailers are subject to penalty in the EU version.