The growing investment in home automation is rapidly driving the Global Light Sensor Market.
The recent study on the global light sensor market covers an in-depth analysis of the market on the basis of output, industry vertical, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the global light sensor market by output (digital, analog), by industry vertical (consumer electronics, automotive, energy and power, healthcare, entertainment, others) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, others), Europe (Germany, France, United Kingdom, Spain, others), Middle East and Africa (Saudi Arabia, Israel, others), and Asia Pacific (China, Japan, South Korea, India, others). Light sensors are based on non-mems technology and are used for measuring illuminance. The light sensors are commonly used in smartphones and tablets in order to efficiently utilize the batteries or energy while simultaneously improving consumer convenience. Moreover, the growing focus by the smartphone manufacturers to increase the production of affordable smartphones that are embedded with features of relatively premium smartphone segments such as efficient battery management systems that utilize light sensors is significantly driving the global light sensors market. Furthermore, the rising investment in building energy management and the growing consumption of different home automation products is significantly supplementing the growth of the market.
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The growing installation of LCDs in automobiles is boosting the demand for light sensors.
The automotive manufacturers are focusing on increasing the number of features provided within the vehicles in order to improve consumer convenience. It is leading to the growing installation of LCD screens required for the purpose of navigation, entertainment, and comfort system. This is anticipated to supplement the growth of the light sensor market as it enables efficient power consumption within the vehicles.
The Asia Pacific holds a dominant share in the market
The Asia Pacific light sensor market is estimated to hold a significant share in 2017, while the region is further anticipated to grow steadily during the forecast period on account of growing production of different consumer electronic products such as smartphones, tablets, and wearable devices etc. along with the increasing investment in the production of different vehicles –including electric vehicles. Simultaneously, the growing investment in automating different industrial operations is further supplementing the growth of the market in the region.
Some of the major players discussed in the reports are AMS AG, Broadcom, Sharp Corporation, STMicroelectronics, Vishay Intertechnology, and Maxim Integrated among others.
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