Light Sensor Market Size, Trends & Forecast Report Until 2024Posted by kishore on February 5th, 2020 Light Sensor Market Analysis Report:A light sensor is a device that is used to detect the light. In general, light sensors convert the energy of light into an electric signal used in electronic products and applications in the sensing process. Photoresistors, photodiodes, and phototransistors are the types of light sensors available. These light sensors are used to save energy, as well as energy-saving solutions. As per our research report, the size of the Light Sensors Market is expected to be valued at 2.08 billion USD in 2019 and is expected to reach 4.14 billion USD in 2024, with an annualized growth of 9.3% between 2019 - 2024. The growth of the light sensor market is anticipated to the applications of light sensors in various fields and industries. An increase in the demand for the development and infrastructure of smart cities, townships, buildings, and homes is propelling the growth of this market. Also, the adoption of the light sensor is continually increasing in portable smart devices, expansion of the automotive sector, energy-saving, the requirement of gesture recognition, ambient light sensing, proximity detection in the electronic market. These are some of the many reasons for the growth of the light sensor market. Recent developments
Market drivers and restraints The escalation of demand for the infrastructure and development of smart cities, townships, buildings, homes and also in the automotive sector, are the main aspects accelerating the need for the global light sensors market. The adoption of smart screens in various consumer electronics is also an essential reason for the growth of using these light sensors to save energy. Moreover, advanced features like ambient light sensing, gesture recognition, proximity detection which are based on these light sensors are increasing, thus attributing the rise of the global light sensor market. Report Segmented as By Function
By Integration
By Production
By End-User
Geographical Analysis
In the regional segmentation, North America is dominating the major market share and it is followed by Asia-Pacific, attributing to the technological advancements and automotive standards in emerging economies like China and India. The rising demand for light sensors and mobile devices is likely to fuel the growth of the global light sensors market in the Middle-East and Latin America. Key market players
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