According to a new market report by Lucintel, the future of the light sensor market looks promising with opportunities in the home automation, automotive, consumer electronics, industrial, entertainment, and healthcare industries. The light sensor market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are the increasing use of light sensors in smartphones and tablets and advancements in the automotive electronics and outdoor lighting.

In this market, ambient light sensing, proximity detection, RGB color sensing, gesture recognition, and UV/IR detection are used in light sensors for various end use industries. Lucintel forecasts that ambient light sensing will remain the largest segment over the forecast period due to growth in home automation systems.
Within the light sensor market, home automation will remain the largest segment over the forecast period due the growth in smart lighting and IoT devices. APAC will remain the largest region over the forecast period due to growing demand for consumer electronics products and increasing internet penetration in emerging nations.

AMS, Avago Technologies, Broadcom, STMicroelectronics, Vishay Intertechnology, Apple, Sitronix Technology, Everlight Electronics, Heptagon, Maxim Integrated Products are among the major manufacturers of light sensors.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the light sensors market by sensor type, application, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunity in the Light Sensors Market 2019-2024: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the light sensors market by sensor type, application, and region as follows:
By Sensor Type [$M shipment analysis for 2019 – 2024]:

• Ambient Light Sensing
• Proximity Detector
• RGB Color Sensing
• Gesture Recognition
• UV/IR detection

By Application [$M shipment analysis for 2019 – 2024]:

• Consumer electronics
• Automotive
• Health care
• Military and defense
• Entertainment
• Home automation

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the light sensor market by sensor type (ambient light sensing, proximity detection, RGB color sensing, gesture recognition and UV/IR detection), application (automotive, consumer electronics, healthcare, industrial, entertainment, home automation and security), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?