Light Sensor Market Quantitative Analysis, Current and Future Trends


Posted December 22, 2021 by devanshu

Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity.

 
Countries such as India, China, and Brazil are currently focusing on the establishment of smart cities to preserve energy and improve the living standard of their citizens. As smart cities aim to reduce energy consumption, governments of such countries are increasingly integrating sensors in their lighting systems, which have exceptional energy efficiency.

Lighting systems using sensors can automatically switch off in the presence of sufficient natural light, thereby conserving electricity. Thus, the surging construction of smart cities in these developing countries will boost the adoption of light sensors in the foreseeable future. Moreover, the increasing use of consumer electronics will also drive the light sensor market at a CAGR of 9.5% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $1,456.2 million in 2019.

Automatic screen brightness control and several other features in consumer electronics, such as smartphones and tablets, require light sensors for sensing lights. Thus, the rising uptake of smartphones, primarily on account of the booming youth population, will drive the demand for light sensors in the upcoming years. In addition to the consumer electronics sector, the automotive, healthcare, entertainment, agriculture, aerospace and defense, and manufacturing industries are also creating a huge requirement for light sensors worldwide.

Companies operating in these industries are using light sensors being manufactured by ams AG, Broadcom Inc., Panasonic Corporation, Vishay Intertechnology Inc., Everlight Electronics Co. Ltd., STMicroelectronics N.V., Maxim Integrated Products Inc., Sharp Corporation, ROHM Co. Ltd., and Texas Instruments Incorporated. Manufacturing facilities of these end-use industries either use a combination of light sensors or a discrete light sensor in their end products.

Therefore, the booming demand for consumer electronics and the soaring number of smart cities in developing countries will fuel the adoption of light sensors in the coming years.
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Issued By Devanshu
Country United States
Categories Business
Last Updated December 22, 2021