Optical Sensor Global Market Report 2024

The optical sensor market size has grown rapidly in recent years. It will grow from $26.26 billion in 2023 to $29.19 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth experienced in the historical period can be attributed to various factors. These include the expansion of the electronics sector, greater adoption of minimally invasive procedures, an increased emphasis on sustainability initiatives, growth in healthcare expenditure, and heightened demand for advanced sensing technologies.

The optical sensor market size is expected to see rapid growth in the next few years. It will grow to $43.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The projected expansion in the forecast period can be credited to the rapid expansion of the consumer electronics sector, heightened emphasis on advancements in healthcare technology, the broadening scope of industrial automation, growth within the aerospace and defense industries, and rising demands for environmental monitoring solutions. Key trends anticipated in the forecast period encompass a transition towards extrinsic optical sensors, heightened uptake of fiber optic sensor technologies, diversification into biometric applications, and expanding utilization in the medical sector.

The expansion of robotics and automation is anticipated to drive the growth of the optical sensor market in the foreseeable future. Robotics and automation entail the utilization of robotic devices or artificial intelligence to automate tasks, eliminating the need for human intervention. The demand for robotics and automation stems from the pursuit of efficiency, safety, heightened productivity, and the ability to customize and adapt operations. Optical sensors play a pivotal role in robotics and automation by furnishing vital data for tasks such as object detection, distance sensing, positioning, quality control, and safety applications. By enhancing the capabilities and efficiency of automated systems, optical sensors contribute significantly to the advancement of robotics and automation. For instance, the World Robotics Report released by the International Federation of Robotics (IFR) in 2021 revealed a substantial increase in robot installations worldwide, underscoring the growing adoption of robotics and automation across industries.

Prominent players within the optical sensor market are spearheading the development of cutting-edge technologies such as FSM: GO, aimed at streamlining vision system development. FSM: GO represents compact imaging systems designed to integrate specialized vision capabilities into various machines and devices, enabling them to perceive their surroundings. For instance, in January 2024, FRAMOS GmbH, a leading technology provider based in Germany, introduced FSM: GO, a comprehensive suite of deployable optical sensor modules empowering machines with visual cognition capabilities. Serving as a versatile prototyping solution, FSM: GO is readily deployable for large-scale production, offering a meticulously curated selection of pre-configured sensors paired with optimally focused lenses to deliver superior off-the-shelf image quality. With its objective to simplify embedded vision development processes, FSM: GO serves as a versatile prototyping tool poised for immediate deployment in mass production endeavors.

In January 2024, ABB Ltd., a Switzerland-based powerhouse in the power and automation technology sector, finalized the acquisition of Real Tech Inc. for an undisclosed sum. This strategic move is poised to bolster ABB's presence in the water market while augmenting its product portfolio with cutting-edge optical technology essential for smart water management. Real Tech Inc., headquartered in the United States, specializes in providing optical sensor technology for real-time water monitoring and testing, aligning closely with ABB's strategic objectives in expanding its footprint within the water sector.

Major companies operating in the optical sensor market are Sony Corporation, Panasonic Holdings Corporation, Honeywell International Inc., Broadcom Inc., ABB Ltd., Texas Instruments, T.E. Connectivity Ltd., STMicroelectronics, Infineon Technologies AG, NXP Semiconductor Inc., Analog Devices Inc., ON Semiconductor Corporation, Keyence Corporation, OMRON Corporation, Teledyne Technologies Inc., ams AG, ROHM Semiconductor, Sick AG, Hamamatsu Photonics, ifm electronic gmbh, Vishay Intertechnology, Balluff Webshop UK, First Sensor AG, AlphaSense, Oxsensis Ltd., Rockwell Automation.

Asia-Pacific was the largest region in the optical sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the optical sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An optical sensor is a device designed to convert light or changes in light into electronic signals. These sensors serve multiple purposes, including detecting light intensity and providing analyte information from a distance. They are utilized to detect the presence, absence, or position of objects on assembly lines, thereby enhancing manufacturing operations by ensuring greater efficiency and accuracy.

The primary types of optical sensors include fiber optics, position sensors, image sensors, ambient light sensors, proximity sensors, and infrared sensors. Fiber optics utilize glass or plastic fibers to transmit data as pulses of light over long distances. They find applications in pressure and strain sensing, temperature sensing, geological surveying, and biometric applications across various industries such as consumer electronics, industrial, aerospace and defense, oil and gas, automotive, and healthcare verticals.

The optical sensor market research report is one of a series of new reports that provides optical sensor market statistics, including optical sensor industry global market size, regional shares, competitors with an optical sensor market share, detailed optical sensor market segments, market trends and opportunities, and any further data you may need to thrive in the optical sensor industry. This optical sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The optical sensor market consists of sales of light sensors, motion sensors, spectral sensors, and optical encoders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.