Optical Detector Market
Optical Detector Market Size, Share & Trends Analysis Report by Type (Extrinsic, Intrinsic), by Sensor type (Fiber Optic Sensor, Image sensor, Photoelectric Sensor, Ambient Light & Proximity Sensor), by End-use (Automotive, Medical, Consumer Electronics, Industrial), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Optical Detector Market Forecast Year:||2022 - 2028|
|Optical Detector Market Historical Year:||2016 - 2021|
|Optical Detector Market 2021:||USD 3.61 Billlion|
|Optical Detector Projected Market 2028:||USD 7.01 Billlion|
|Optical Detector Market CAGR:||11.7%|
|Fastest Growing Region:||Asia Pacific|
|Largest Region:||North America|
Global Optical Detector Market:
Optical Detector Market – By Type, Sensor type, End-user, and Region.
The Global Optical Detector Market is valued at USD 3.61 Billlion in the year 2021 and is anticipated to reach a value of USD 7.01 Billlion by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 11.7% over the forecast period.
The global consumer electronics industry's growing demand for tablets, smartphones, voice assistant devices, and smart-watches creates a great market for the Global Optical Detector Market's growth. The growing connectivity of building automation systems, biometric authentication in smartphones, and image sensors in driver assistance systems in the automotive industry is expected to drive up demand for Optical Detectors. The Global Optical Detector Market is expanding at a fast rate due to rising demand for smartphones, laptops, tablets, and other portable devices. It is now possible to include functions such as automatic brightness control, 3D mapping, restore recognition, and biometric authentication in smartphones, which has increased demand for Optical Detectors because of the flexibility, simplicity, and light weight of Optical Detectors.
The Optical Detector Market is seeing an increase in the deployment of building automation systems in office buildings, shopping malls, and public transportation spaces such as railway stations and airports because of the growing demand for energy-efficient lighting. The importance of digitization in end-use industries such as automotive, consumer electronics, oil and gas, industrial manufacturing, and aerospace and defense contributes to this growth. These building automation solutions enable owners to monitor and reduce energy consumption, as well as control lighting. Furthermore, the autonomous car market is expanding at an exponential rate, and the industry employs optical sensors to detect the edges of the road, the position of curbs, nearby vehicles while parking, large objects, and a variety of other functions to reduce the burden on the driver and increase safety.
Market Size Provided for Years
Region & Counties Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
The Optical Detector Market is segmented on the basis of Type, Sensor Type, and End-User. Based on Type the market is segmented as Extrinsic and Intrinsic. Based on Sensor Type the market is segmented as Fiber Optic Sensor, Image Sensor, Photoelectric Sensor, and Ambient Light & Proximity Sensor. Based on End-Use the market is segmented as Automotive, Medical, Consumer Electronics, Industrial, and Others.
Below tree is interactive. You can click the nodes to get more information.
Based on Type:
On the basis of type, the extrinsic segment is the ability of an extrinsic detector to reach places that would otherwise be temporarily unavailable is a key feature that makes it useful in such a wide range of applications. Installing fiber-optic cables into aircraft jet engines to measure temperature by transmitting radiation to a radiation pyrometer located far away from the engine is one example. Similarly, the fiber-optic cable can be used to measure the internal temperature of electrical transformers in environments where extreme electromagnetic fields make other measurement techniques impossible. Extrinsic detectors have a significant advantage in that they protect measurement signals from noise. Unfortunately, many sensors' output is not in a format that can be transmitted via fiber-optic cable, so conversion must take place before transmission. These factors, as well as alliances, may help the segment grow during the forecast period.
Based on Sensor Type:
On the basis of Sensor Type, the Image sensor, the increasing number of cameras used in mobile devices such as smartphones and tablets is one of the primary factors driving image sensor growth. Increased adoption of cameras in artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) applications, as well as independent automobiles, is likely to open up new revenue streams for image sensor manufacturers as camera features and image quality becomes more important smartphones. The image sensor sub-segment is being driven by the increasing use of sensor technology in automobiles. They are found in driver recording systems, driver monitoring systems, blind-spot detection systems, night vision systems, eMirrors, cabin monitoring systems, surrounding view systems, and parking assistance systems.
Asia Pacific is Projected to Grow at the Fastest CAGR During the Forecast Period
The Asia-Pacific Optical Detector Market is the fastest growing, with high revenue expected by the near future, growing at a great Compound Annual Growth Rate (CAGR). Optical Detectors are used in a wide range of applications, including healthcare, metrology, imaging & remote sensing, robotics, and automobiles. Optical Detectors use lasers, imaging systems, and optical fibers to analyze and report data. The Asia-Pacific region produces a large number of consumer electronics, particularly smartphones and tablets, which include restoring recognition and 3D mapping, which are two of the region's major drivers of Optical Detectors market growth. Sensors are being engineered to be extremely tiny, passive, and lightweight to provide large sensor arrays and a wide dynamic sensing range. Various measures are being implemented by governments throughout the region to promote development and growth.
Furthermore, automobile manufacturers in Japan and China are incorporating more sensors in low-cost vehicles in response to rising consumer safety concerns in ASEAN countries. As a result, light sensors are expected to be in high demand shortly. Furthermore, increasing importance in India on the adoption of technologies such as the Internet of Things (IoT) and face recognition, as well as regulatory changes in emerging markets to increase security across multiple industries, are driving up the adoption of light sensors, boosting the region's industrial growth.
The key players in the Global Optical Detector Market include- AMS AG., ROHM Semiconductor, Hamamatsu Photonics K.K., Analog Devices Inc., STMicroelectronics, Vishay Intertechnology Inc., Excelitas Technologies Corp., Leuze electronic GmbH + Co. KG, Semiconductor Types Industries LLC, Fotech Extrinsics Limited and others.
Segmentation of the Global Optical Detector Market:
Research Methodology: Optical Detector Market by Type by Sensor type by End-use by Region - Global Market Assessment, 2021 - 2028
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Optical Detector supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Optical Detector market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Optical Detector supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Optical Detector market.
Frequently Asked Questions
the global demand for Optical Detector
in terms of revenue?
The global Optical Detector valued at USD 3.61 Billlion in 2020 and is expected to reach USD 7.01 Billlion in 2028 growing at a CAGR of 11.7%
are the prominent players
in the market?
The prominent players in the market are AMS AG., ROHM Semiconductor, Hamamatsu Photonics K.K., Analog Devices Inc., STMicroelectronics, Vishay Intertechnology Inc., Excelitas Technologies Corp., Leuze electronic GmbH + Co. KG, Semiconductor Types Industries LLC, Fotech Extrinsics Limited.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 11.7% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Optical Detector include
- Industry 4.0 to drive demand for image and photoelectric sensors
region accounted for the
largest share in the market?
North America was the leading regional segment of the Optical Detector in 2020.