- 13 March 2019 21:45
Increasing adoption of miniaturized light sensors in consumer electronics is a key factor driving growth of the global light sensors market
Light sensors operate on the basis of detection of intensity of light. It holds current, increases resistance, or collect current based on levels of light energy. It also creates electrical output proportional to the light illumination strength of certain light source. Light sensor are also used to detect light that is not visible to human eyes such as infrared, ultraviolet, and x-ray. Most commonly used light sensor includes photo resistors and photodiodes. Light sensors also include photo tube, photovoltaic cell, photo transistor, photomultiplier tube, etc. Light sensors are simple and reliable and has wide applications in motion sensor, robotics, automation, and various other technologies.
Increasing use of ambient light sensor in automotive sector is another factor expected to support growth of the global market over the forecast period. Increasing demand for intelligent lighting systems in smart homes among consumers is also anticipated to fuel growth of the Light Sensors Market.
However, operation of light sensors can be affected owing to fluctuation in light source is a factor that could hamper demand for target product and restrain growth of the global light sensors market during the forecast period. Nevertheless, growing integration of light sensor for automation applications can create high revenue opportunities for players in the target market.
The Light Sensors Market is segmented on the Basis of Function Type, Integration and regions. On the basis of Function Type, the global market is segmented into Proximity Detection, Gesture, Recognition, Ambient Light Sensing, UV or IR Detection, RGB Color Sensing. The Gesture segment accounts for highest revenue share and is expected to witness significant growth during the forecast period.
On the basis of Integration, the global market is segmented into Combination, Discrete. The Combination segment is expected to account for highest market share in the global market and expected to witness highest growth in terms of revenue during the forecast period.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The market in Asia Pacific accounts for highest share in terms of revenue in the global market. The Asia Pacific market is expected to witness highest growth in terms of revenue over the forecast period.
Key players in the global market include Northrop Grumman Corporation, Textron Inc., Elbit Systems Ltd., L-3 Communications Corporation, Thales S.A., Lockheed Martin Corporation, Raytheon Company, Leonardo S.p.a., Applied Research Associates, Inc. (ARA), Harris Corporation