Light Sensor Market - Forecasts from 2024 to 2029

The light sensor market is evaluated at US$5.641 billion for the year 2022 growing at a CAGR of 12.09% reaching the market size of US$12.538 billion by the year 2029.

Light sensors are small and inexpensive sensors that have varied applications across industry verticals including healthcare, consumer electronics, energy & power, and entertainment among many others. The major factors driving the demand for these sensors are the rising consumption of consumer electronics and the trend toward renewable energy. The miniaturization of these sensors is anticipated to further boost their demand. North America and Europe are anticipated to hold a significant market share owing to the high adoption of consumer electronics and favorable government policies promoting the use of renewable energy. The Asia Pacific region is also predicted to grow at a substantial rate over the forecast period on account of rising disposable income, improvement in the standard of living, and increasing automotive production over the forecast period.

MARKET DRIVERS:

Growing demand for consumer electronics is predicted to augment market growth.

The expansion consumer electronics sector in the light sensors market has been driven by the growing use of proximity sensors and ambient light sensors in mobile phones. A spike in the use of light sensors by leading OEMs, like Samsung Electronics Co., Ltd., may present prospects for growth. The South Korean company Samsung Electronics Co., Ltd. is a key player in the market for light sensors. It has infused light sensors into various product categories, including mobile devices such as Samsung Galaxy S6 and Samsung Galaxy S6 Edge, that carry out tasks like proximity detection. The proximity detection module and integrated ambient light sensor from AMS AG, TMD2755 was unveiled in July 2020, enabling mobile handset OEMs to create mobile handsets with bezel-less screens. In comparison to other devices on the market, the module is 40% lower in area and 60% smaller in volume. Further, TMD2755 helps mobile phone manufacturers in their efforts to expand the viewable display area by allowing light-sensing and proximity features to be contained in thinner bezels. This has been considered a major contributor to the rising consumer interest in mobile phones, especially in the mid-range market segment. Smartphone manufacturers are proactively integrating new technologies into their devices to enhance their product quality in terms of product quality and vision. For instance, Oppo, in April 2022, announced that its model, Oppo F21 Pro, would feature the flagship Sony IMX709 RGBW selfie sensor that is said to be 60% more sensitive to light and reduces noise by almost 35% when compared to the previous generation IMX615 RGB sensor.

Growing adoption of smartphones and wearables.

The need for ambient light sensors to enable automated display brightness adjustment has risen due to the widespread use of smartphones and wearable technology. In addition to improving user experience, this prolongs battery life. Growing access to technology empowers Indian youth. The nation is seeing a revolution in mobile and data usage. A total of 810 million people have broadband connections, up from 60 million in the previous eight years, and 750 million people use smartphones. The internet is expanding more quickly in rural than in urban regions.

Asia Pacific is anticipated to be the major regional market.

The Asia Pacific region is expected to dominate the light sensors market, due to its larger population size and soaring demand and production of smartphones and other consumer electronics. A rise in the adoption rate of handheld devices with inbuilt light sensors is also expected to be one of the primary factors contributing to the growth of the light sensors market in this region. With an increase in safety concerns among consumers in developing economies, such as India and the ASEAN countries, automobile manufacturers are integrating more sensors in low-cost vehicles. This is predicted to drive the demand for light sensors in the future. Furthermore, the growing focus on the adoption of the latest technologies, such as the IoT, facial recognition, and government regulations in emerging economies to enhance security across various industry verticals are expected to increase the deployment of light sensors, which is consequently going to accelerate the growth of the industry. Additionally, the broad usage of light sensors in scanners, QR codes, and intrusion detection systems is expected to further drive market expansion.

Key Developments:

• In October 2023, Sony Semiconductor Solutions Corporation (SSS) announced the impending availability of the IMX900, the highest resolution*2 in its class 1/3-type lens compatible 3.2 effective megapixel*1 stacked CMOS image sensor with global shutter for industrial usage.
• In June 2023, Kyoto Semiconductor Co., Ltd., a pioneer in optical device solutions with world-class technology and Japanese quality production at its headquarters in Shimotsuke-shi, Tochigi, Japan, unveiled 14 items in its "KPR series" of SWIR*1 type reflecting sensors.

Segmentation:

By Output

• Digital
• Analog
• Others

By Industry Vertical

• Consumer Electronics
• Automotive
• Energy and Power
• Healthcare
• Entertainment
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa (MEA)
• Saudi Arabia
• UAE
• Isreal
• Others
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others