The Report “Optical Sensors Market Analysis: By Types (Position, Light, Image,
Photoelectric, Photodetectors, Motion); Verticals (Material Handling, Building
Automation, Manufacturing, Packaging, Security & Surveillance) - With
Forecast (2015-2020)”, according to a recent study from IndustryARC, the
market to reach $34 billion by 2020
To
Browse 64 Market Tables, 48 Figures spread through 170 Pages and an in-depth
TOC on “Optical Sensors Market”
Visit: http://industryarc.com/Report/58/Global-Optical-Sensors-Market.html
Optical sensors are
electronic detectors which work on the presence or absence of light or infrared
rays and convert the same into an electronic signal. Usually they are part of a
much larger system where this electronic
signal is interpreted or analyzed in different ways to produce a result
like presence of a person, capturing an image, movement of an object or
position of an object and so on.
The proliferation of advanced electronic
control systems has made sensors more accurate, reliable, and reliable while
increasing the response time, robustness, communications capabilities and
efficiency. The continuous innovations and investments in research and
development to meet the changing consumer preferences has led to improved
fabrication techniques and enhanced sensing abilities at lower costs driving
market growth.
Driving
factors:
- The Global Optical Sensor Market is rapidly growing across the globe due to the increase in demand for the handheld devices like tablets and smart phones. Smart phones and Tablets are the key growth contributors and as long as the market persists there will be increase in demand for optical sensors like light and proximity sensors.
- On the other hand image sensor market is skyrocketing compared to other sensors as it’s very widely used.
- The global automation industry, particularly the process automation and industry is growing at around 6.3% and they are the primary growth drivers for the global optical sensors market. Increasing use of automation in different industry verticals like food and beverage, chemicals, petrochemicals, paper and pulp, packaging drives the need for installation of products or hardware which uses optical sensors on a larger scale.
- The major trend driving the global Optical sensor market is miniaturization and improved communication capabilities, which enables their integration into various devices and machines without compromising other functionalities.
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Market
Growth and Trends:
- The Global Optical Sensor Market is slated to grow at 9.81% CAGR year on year for next 5 years to reach $34billion by 2020.
- According to IndustryARC research, Image Sensors has been successful in going viral from cameras to medical applications. This wide and growing demand for image sensors is making it the largest segment in the optical sensor industry.
- North America is the leading market for sensors globally, with the U.S. being the major market in the region. Asia Pacific region is one of the fastest growing regions for sensor market, on account of increasing adoption of smartphones.
- Image sensors are used in machine vision based products for assembly line monitoring and other automation purposes. Color sensors for example are used in the packaging, food and beverage industry for accuracy purposes. Compared to image sensors they are cheaper, faster and can be replaced easily.
REPORT SCOPE: Market Segmentation:
Optical
Sensors Market is broadly segmented into 3 broad types
based on few factors:
- By Product Type: Position Sensors, Light Sensors, Image Sensors, Photoelectric Sensors, Photo detectors, Safety Sensors, Motion Sensors and IR Detectors.
- By End Use Verticals: Automotive, Aerospace, Chemical, Building, F&B, Packaging, Paper & Print, Security & Surveillance, Manufacturing and Others.
- By Geography: Americas, Europe, APAC and ROW.
Key
Players:
Few notable market players studied and
mentioned in this report are:
- Baumer Electric Ag
- Vigo System S.A.
- Pepperl + Fuchs Gmbh
- ST Microelectronics
- Omnivision Technologies
- Panasonic Corporation
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About
IndustryARC:
IndustryARC
is a research and consulting firm that publishes more than 500 reports annually
in various industries, such as Agriculture, Automotive, Automation &
Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food
& Beverages, Information Technology, Life sciences & Healthcare.
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Market. Our Custom Research Services are designed to provide insights on the
constant flux in the global demand-supply gap of markets. Our strong analyst
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variety of options for your business.
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