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Light Sensors Market Worth 2.14 Billion USD by 2022


News provided by

MarketsandMarkets

23 Feb, 2016, 13:30 GMT

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PUNE, India, February 23, 2016 /PRNewswire/ --

According to the new market research report "Light Sensors Market by Function (Ambient Light Sensor, Proximity Sensor, and Color Sensor), Output, Integration, Application (Automotive, Consumer Electronics, Industrial, Entertainment, and Security), and Region - Global Forecast to 2022" , published by MarketsandMarkets, the market is estimated to reach USD 2.14 Billion by 2022, growing at a CAGR of 9.3% between 2016 and 2022.

Browse 77 market data Tables and 81 Figures spread through 156 Pages and in-depth TOC on "Light Sensors Market"

http://www.marketsandmarkets.com/Market-Reports/light-sensors-market-122682928.html
Early buyers will receive 10% customization on this report.

The factors driving the light sensors market include the growing implementation of light sensor functions in the consumer electronics such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the light sensors market.

The consumer electronics sector expected to lead the light sensors market 

Consumer electronics accounted for a large share of the Light Sensors Market in 2015. The implementation of light sensor functions in mobile devices and tablets is driving the light sensors market for the consumer electronics sector. The increasing demand from OEMs to implement light sensor function such as ambient light sensing, proximity detection, RGB color sensing, and gesture recognition in mobile devices and tablets has supported the growth of this market.

The automotive sector expected to grow at a high CAGR between 2016 and 2022 

The market for light sensors for the automotive sector is expected to grow at a high CAGR between 2016 and 2022. The growing awareness about user-friendly interface with in-built light sensors for driver assistance and driver safety is propelling the growth of the automotive sector of the light sensors market. Light sensors in the automotive sector offer higher safety and vehicle reliability. These sensors are helping the driver from getting distracted while driving. All these factors are expected to drive the automotive sector supporting the growth of the light sensors market.

APAC expected to hold the largest market share by 2022 

Asia-Pacific is expected to dominate the light sensors market by 2022 accounting for a large market share; it is expected to grow at a high CAGR between 2016 and 2022. The high adoption of handheld devices with in-built light sensors in the APAC region is supporting the growth of the light sensors market.

Companies involved in the development of light sensors include ams AG (Germany), Avago Technologies Inc. (Singapore), Elan Microelectronics Corp. (Taiwan), Everlight Electronics Co. (Taiwan), Heptagon (Singapore), Maxim Integrated Products Inc. (U.S.), ROHM Co., Ltd. (Japan), Sharp Corporation (Japan), Sitronix Technology Corp. (Taiwan), STMicroelectronics NV (Switzerland), Samsung Electronics Co., Ltd. (South Korea), and Vishay Intertechnology, Inc. (U.S.).

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=122682928

This research report categorizes the global light sensors market on the basis of function, output, integration, application, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the light sensors market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the light sensors market.

Browse Related Reports 

Proximity Sensor Market by Technology (Inductive, Capacitive, Magnetic, Photoelectric & Ultrasonic), Product type (Fixed Distance, Adjustable Distance), Sensing Range (0 mm to 20 mm, 20 mm to 40 mm & Greater than 40 mm), Application (Aerospace & Defense, Automotive, Industrial Manufacturing, Food & Beverage, Pharmaceuticals, Consumer Electronics & Building Automation) & Geography - Global trend & forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/proximity-sensor-market-36281914.html

Gesture Recognition For Smart TV Market by Software (2D & 3D Image Sensor), Hardware(Image Sensor, IR Proximity Sensor, IR Temperature Sensor, Light Sensors, & Semiconductor ICS), And Geography (Americas, EMEA, & APAC) - Analysis & Forecast to 2013 - 2018
http://www.marketsandmarkets.com/Market-Reports/gesture-recognition-smart-tv-market-42201508.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
 UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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