Optical Sensor Market By Product (Fiber Optics Sensor, Image Sensor, Position Sensors, Proximity & Ambient Light Sensor), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

"Integration of the optical sensors among the smartphones and tablets is driving the optical sensor market growth"

Globally, the optical sensor market is expected to grow with a CAGR of 13.5% during the forecast period from 2019 to 2027, starting from US$ 1.7Bn in 2018. The market is driven by the widespread adoption of the optical sensors into the smartphones and tablets. As the technological advancement is rising and competition among the smartphone manufacturers is fueling, the organizations are looking to integrate more advance features into their product to gain an edge over competitors. This is accelerating the adoption of optical sensors among the smartphones and tablets. Further, the increasing adoption of smart home and solutions is also acting as a major force propelling the market. Additionally, the increasing automation among the industrial sector and the rapid adoption of the industry 4.0 revolution is driving the market.

However, the high cost of the optical sensors along with the lack of standardization across the industries is holding back the growth of the market. Besides, the development activities for the connected cars and autonomous vehicles are presenting a huge opportunity for the growth of the market.

Market Synopsis

Optical Sensor Market

Get a sample copy for more information

"Image sensors are leading the optical sensors market due to large scale adoption in consumer electronics"

Image sensors are leading the optical sensors market with over 40% share due to large scale adoption in cameras, smartphones and other consumer devices. The advancement in the CMOS image sensors has further accelerated the demand for the image sensors across the globe. The CMOS sensors several benefits, such as compact size, low power consumption, speed, accuracy, and cost-effectiveness, that are driving its demand in the market. Moreover, the growing demand for 3D image sensors among the automotive and other industrial application such as computer vision and machine vision is also augmenting their demand in the market. On the other hand, fiber optic sensors are estimated to grow substantially during the projected timeline due to increasing adoption of the wearable device for health and fitness monitoring applications.

Optical Sensor Market

Get a sample copy for more information

"Asia Pacific to Register the Fastest Growth"

Asia Pacific optical sensor market is projected to register the highest CAGR over the forecast period. The market is driven by the growing semiconductor industry in the region. Over the past decade, China, Taiwan, and South Korea have emerged as the top manufacturing hub for the semiconductor industry. All the major consumer electronics companies have the manufacturing facilities in the region due to the ease of availability of the material, low labor cost and skilled workforce. Moreover, supportive government policies along with the increasing investment by the market players in the region are accelerating the market growth.

Optical Sensor Market

Get a sample copy for more information

The key vendors operating in the optical sensors market are ABB Ltd., Sony Corporation, Broadcom Inc., Omnivision Technologies Inc., Coherent Inc., Samsung, Analog Devices Inc., Canon U.S.A. Inc., Baumer Electric AG, Eaton Corporation, Finisar Corporation, EMCORE Corporation, Robert Bosch GMBH, and STMicroelectronics.

Optical Sensor Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The optical sensor market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global optical sensor market based on product, application and geography. Key segments covered in the report are as follows:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion

 Product Segment (2017–2027; US$ Bn)
 • Fiber optic sensors
 • Image sensors
 • Position sensors
 • Proximity & ambient light sensors

 Application Segment (2017–2027; US$ Bn)
 • Aerospace & defense
 • Automotive
 • Consumer electronics
 • Healthcare
 • Industrial
 • Others

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of the optical sensor in 2018 and forecast up to 2027?
  • Which is the largest regional market for optical sensors?
  • What are the major trends followed in the optical sensor market across different regions?
  • Who are the key companies in the optical sensors market?
  • What are the key strategies adopted by the leading optical sensor companies in market?

Unique data points of this report

  • Statistics on optical sensors and spending worldwide
  • Recent trends across different regions in terms of adoption of optical sensor for industries
  • Notable developments going on in semiconductor industry
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Published Date:  Jul 2019
Category:  Semiconductor & Electronics
Report ID:   59777
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support