The global optical sensor market is predicted at USD 1.92 billion in 2024 and is anticipated to reach the valuation of USD 4.21 billion by 2029 and is predicted to register a CAGR of 17% during the forecast period.
The Optical Sensor Market is being driven by the growing need for enhanced security features in smartphones, such as on-screen fingerprint scan, an optical sensor that detects and validates fingerprints. Synaptics stated that mass production of their first optical in-display fingerprint sensor has begun. The demand for these sensors is projected to rise as more organizations employ on-screen fingerprint authentication.
Because of the speedy and exact measurements, they give, optical sensors are becoming a vital tool for manufacturers to save power, time, and money. Furthermore, because these sensors are used in intelligent lighting, they assist save energy by not relying on a manual on-off switch and instead turning on lights based on the amount of natural light in the space.
On the other hand, a rise in smart home automation, a rise in the use of wearable devices for medical purposes, emerging semiconductor technologies, an increase in the use of 3D optical sensing technology in mobile devices, and an increase in the use of biomedical applications IOT adoptions are all expected to drive the growth of the primary optical sensors market between 2024 to 2029. Furthermore, increasing IoT use in the Oil & Gas industry, expanding importance of health monitoring devices, and improving semiconductor standards will all contribute to the Optical Sensor Market growth in the next years.
Optical sensors are important in the construction sector because they help to improve building site safety. Optical sensors are important in the robotics industry because they modify the way robotic vacuums work. BAUMER's Optical Miniature Sensors are utilized to correctly detect the items, and these applications will aid the global expansion of the optical sensor market. The ability to identify objects accurately allows the development of portable optical sensors prototypes for the detection of gas compounds. Longer operating distances for optical sensors will be highly suggested by all types of sectors, resulting in market growth. Researchers have created fibre optic sensing technology to detect magnetic fields from the heart and brain, demonstrating the necessity for optical sensors in the medical business and assisting Optical Sensor Market share in the near future.
The Optical Sensor Market volume will be hampered by a lack of suitable manufacturing standards. The high cost also limits the market's development. Furthermore, environmental changes will have an impact on optical sensors, limiting their market potential. Physical damage is a major concern for optical sensors, which poses a significant barrier to their commercial expansion.
Due to a boom in global demand, consumer electronics businesses are rapidly developing consumer electronics gadgets, which is supporting Optical Sensor Market expansion for optical sensors. Optical sensors are used in consumer electronic devices such as smartphones, tablets, and other portable devices to control the display backlight automatically. These sensors have also been shown to extend battery life. These sensors have also been shown to extend battery life. It's also employed in various applications such as pressure, proximity, touch, temperature, motion, and so on.
Optical sensors are more expensive than other types of sensors, raising the overall cost of the electronic gadget. As a result, gadget makers are increasingly exploring for alternatives in order to maintain their prices competitive. Magnetic rotating position sensors, for example, are gaining traction as a potential replacement for optical sensors. These sensors are also less expensive than optical sensors and provide superior precision. These limitations could hinder the global Optical Sensor Market growth in the approaching years.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
17% |
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Segments Covered |
By Type, Industrial Vertical, Application, and Region. |
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Various Analyses Covered |
Global, Regional, & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Keyence Corporation, Omron Corporation, Sick AG, ROHM Co. Ltd, Texas Instruments Incorporated, Vishay Inter-technology, Panasonic Corporation, ON Semiconductors, TE Connectivity and Others. |
Depending on the type, the extrinsic segment will hold the largest global optical sensor market share in the upcoming years. Since extrinsic optical sensors are utilized in various applications like temperature, pressure, etc. moreover, these are less expensive and sensitive. Therefore, owing to these factors extrinsic segment further propels the global optical sensors market growth.
Based on industrial vertical, industrial and automation dominate the global optical sensors market growth in the upcoming years. For example, optical sensors are commonly employed in lane-keeping assistants, parking assistants, and emergency brake helper systems in driver assistance systems. In addition, these infrared laser-based optical sensors are increasingly being integrated into a wide range of automated machinery, primarily for non-contact detection applications such as monitoring conveyor systems, transport systems, and assembly lines.
Based on application, biochemical sensing holds the largest global optical sensors market share during 2024 to 2029. A biochemical sensor is a device that can transform chemical (or biological) quantities into electrical signals. The sensor's primary components are the analyte molecule, chemically sensitive layer, and transducer. Biochemical sensors, such as EIS and ISFET, are microelectronic devices that have sparked interest in the fast burgeoning subject of bioelectronics, which spans a wide range of applications.
The optical sensor market in North America conquered more than 20% revenue share and was estimated over 9.5% market growth during the forecast timeline. In the U.S. market, the growth is attributed to the rate of smart home connected devices. More than 69% of the total households in the U.S. have at least one smart home technology product, and 18% of the households have at least two smart home technology products, according to press notes release by Consumer Technology Association. In addition, optical Sensors are integrated with smart home devices such as service robots, smart door locks, smart security systems, and robotic cleaners. In addition to that, the proliferation of IoT (Internet of Things) connected devices will further boost the market revenue growth in North America. According to GSM Association, 2.8 billion IoT-connected devices are projected to cross the 5.4 billion mark by 2025 by amplifying the adoption of the optical sensor in the North American region.
The Asia-Pacific region dominated the global optical sensors market during 2024 to 2029, contributing $9.50 billion, and is predicted to rise at a CAGR of 10.46 percent over the forecast period, owing to an increase in the number of manufacturing and processing industries, as well as an increase in automation rates, especially in countries including India, China, Japan, and South Korea.
The optical sensors market is predicted to grow to USD 6.67 billion at a CAGR of 8.04% during the forecast period in the European region. As a result, Europe is expected as the second-largest country in the global optical sensors market and is predicted to maintain its position during 2024 to 2029.
Major key Players in the Global Optical Sensor Market are
OpSens Inc., a Canadian medical device firm, announced a four-year extension of its Sensor Technology supply deal with Abiomed, Inc. in February 2022.
Xiaomi, the Chinese consumer electronics behemoth, announced the debut of the Gaming Mouse Lite, a new gaming mouse featuring a Pixart 3327 optical sensor that supports up to 6,200 DPI, in China in January 2022.
By Type
By Industrial Vertical
By Application
By Region
Frequently Asked Questions
The growth of the optical sensor market is driven by the increasing demand for consumer electronics, advancements in automation and robotics, the rise of smart home technologies, and the growing need for advanced healthcare monitoring systems.
Optical sensors are widely used in several industries, including consumer electronics (e.g., smartphones and wearable devices), automotive (e.g., driver assistance systems), healthcare (e.g., medical imaging and diagnostics), and industrial automation (e.g., process control and safety systems).
Technological advancements such as miniaturization, improved sensitivity and accuracy, the integration of artificial intelligence (AI) for enhanced data processing, and the development of flexible and wearable optical sensors are shaping the future of the optical sensor market.
The main challenges include high costs associated with advanced optical sensor technologies, technical complexities in integrating optical sensors with existing systems, and the need for standardization across different applications and industries.
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