The global optical sensor market is projected to grow at a CAGR of 8%-10% during 2020-2025. The growth of optical sensor market is driven by increasing demand for photoelectric sensor in industrial manufacturing applications and growth of the consumer electronics market.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the optical sensor by product
type (photoelectric sensor [through beam, retro-reflective, and diffuse],
ambient & proximity light sensor, image sensor [complementary
metal–oxide–semiconductors (CMOS), charge-coupled device (CCD)], fiber optic
sensor (extrinsic, intrinsic)), end use industry (consumer electronics,
industrial, automotive, food & beverages, healthcare, and others), and
region (North America, Europe, Asia Pacific (APAC), and Rest of the World
(ROW))?
Q.2 Which segments will grow
at a faster pace and why?
Q.3 What are the
business risks and threats to the optical sensor market?
Q.4 What are some
changing demands of customers in the optical sensor market?
Q.5 What are the new
developments in the optical sensor market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this optical sensor area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this optical sensor market?
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Market Segmentation:
Based on product type,
the optical sensor market is segmented into photoelectric sensor [through beam,
retro-reflective, and diffuse], ambient & proximity light sensor, image
sensor [complementary metal–oxide–semiconductors (CMOS), charge-coupled device
(CCD)], fiber optic sensor (extrinsic, intrinsic). The photoelectric sensor segment
accounted for the largest share of the market in 2020 due to their high
precision in detecting objects.
Asia Pacific is expected
to witness the highest growth over the forecast period, supported by growth of
the consumer electronics and industrial automation industries.
Key Players in the optical
sensor market are ROHM Semiconductor, ABB, Hamamatsu Photonics K.K., AMS AG, On
Semiconductor, Analog Devices, Texas Instruments, STMicroelectronics, Vishay,
Teledyne, and Oxsensis.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/optical-sensor-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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