Global Optical Sensor Market – Size, Outlook, Trends and Forecast (2024

Global Optical Sensor Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

An optical sensor is a measuring device which is often connected to an electrical trigger. It measures the physical quantity of light and converts light from which can be interpreted by instrument and reacts to change the signal within the light sensor. These sensors integrate a photodetector and infrared emitter in a single package.

Global Optical Sensor Market Size & Growth:

Global Optical Sensor market size is projected to reach 2.39 Billion by the end of 2024 with a CAGR of 8.59% during the forecast period. Key Parameters promoting the market growth include increase in demand of optical sensors for wide range of applications, use of optical sensors in various applications such as oil & gas, border security and smart home applications, high accuracy and ability to withstand harsh environments, increasing research activities owing to increased investments, especially in the medical industry, high-end smartphones coupled with newer applications such as 3D mapping, restore recognition, and eye tracking, increase in demand for the handheld devices like smart phone and tablets, continuous evolution of technology, finger print recognition and mobile payment authentication, growing demand high-speed internet, and the development of innovative applications for technologies that help in building electric circuits.

The commercial use of the fibre core in the femtosecond laser is extremely benefiting the oil and gas industry.

Global Optical Sensor Market Share:

Global Optical Sensor Market is

Global Optical Sensor Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

classified by Type, by Technology, by sensor type, by application, by End-User, by geography. By Type, the Global Optical Sensor market is classified as wired and wireless. Based on technology, these are classified as Hyperspectral imaging, Near IR Spectroscopy, Photo-Acoustic Tomography, and Optical Coherence Tomography.

Based on Sensor type, these are classified as Fibre Optic sensors, Image Sensors, Position Sensors, Infrared Sensors, and Ambient light and proximity sensors. Among these, image sensors are accounted for more than 50% of the overall optical sensors due to their extensive usage across the consumer/personal electronics sector, high-performance cameras in high-end smartphones coupled with newer applications such as 3D mapping, restore recognition, and eye tracking.

By Application, these are classified as Pressure and Strain Sensing, Geological Survey, Temperature Sensing, Biometric and Ambience, Biochemical, and Optocouplers. Among these, pressure and strain sensing application are witnessed to dominate the optical sensing market during the forecast period due to core industries depend on these robust sensors and ability to deploy these sensors in point based or distributed network to achieve better visibility across vast infrastructure in these industries.

By End-User, these are classified as Commercial, Automotive, Consumer Electronics, Medical, Industrial, and Aerospace & Defense. Among these, aerospace & defence is expected to have the largest market share during the forecast period due to these sensors can withstand harsh environments.

North America holds the largest market share during the forecast period owing to increased investments to upgrade infrastructure across various industries. Asia-Pacific is expected to be the fastest growing region due to improved sensing technologies to detect the infrastructure in industries such as utilities and oil & gas manufacturing.

Global Optical Sensor Market Trends:

Randomly disordered silica-air optical fibre featuring a 28.5% air filling fraction in the structured region, and low attenuation below 1 dB per meter at visible wavelengths.
A new optical method is proposed to decrease the RME by adding a suppressing section fibre (SSF) in Depolarized interference fibre optic gyroscope.

Global Optical Sensor Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Elbit Systems Limited
QinetiQ Group Plc.
Touch Bionics
Bosch
Liquid Robotics
Rethink Robotics

environments. North America holds

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Global Optical Sensor Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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