Global Optical Position Sensor Market 2018-2022

This market research report presents a comprehensive analysis of the global optical position sensor market based on product (one-dimensional, two-dimensional, and multi-axial) and end-user (consumer electronics, healthcare, aerospace and defense, automobiles, and others). The report also provides an analysis of the market's growth across regions such as the Americas, APAC, and EMEA.

Overview of the global optical position sensor market

According to Technavio’s market research report, the growing application of optical position sensor in the automotive industry will be one of the major factors that will have a positive impact on the global optical position sensor market during the forecast period. The increasing usage of optical sensors in the automobile industry improves the vehicle safety while driving and aid during emergencies such as accidents. These sensors are presently used in automatic headlamp dipswitch and steering wheel rotation sensor in automobiles. Also, the rise in safety concerns in the automotive industry has further driven the optical sensors market. The government laws and regulations in Europe and the Americas emphasize on the requirement for enhanced safety in automobiles. Our market research analysts predict that this optical position sensor market will grow at a CAGR of more than 10% by 2022.

The rising concept of autonomous cars is one of the key trends that will contribute to the market’s growth in the forthcoming years. The increasing integration of optical position sensors due to its advantages in self-driving cars is rising in the market. They are used in parking assistance, collision avoidance, lane keeping assistance, and passenger airbags systems that are major safety necessities for self-driving cars. These sensors are increasingly being used in individual driver safety and assistance systems.

Companies covered

Characterized by the presence of several players, the optical position sensor market appears to be fragmented. This industry research report offers information about the competitive environment among the players in the linear position sensor market and offers an analysis of key companies and their products. Additionally, the report also offers information about key areas the players currently focus on and the strategies they follow to sustain the competition.

This research report provides an analysis of the various companies in this market including

• First Sensor       
• Hamamatsu Photonics  
• Sensata Technologies    
• SHARP 

Segmentation by product and analysis of the optical position sensor market

• One-dimensional
• Two-dimensional
• Multi-axial

The multi-axial product segment accounted for the major share of the optical position sensor market during 2017. Our industry research experts have predicted that this segment will continue to contribute to the major growth of the market till 2022. 

Geographical segmentation and analysis of the optical position sensor market

• Americas
• APAC
• EMEA

Our market research analysts have predicted that in terms of geographic regions, APAC will be the major revenue contributor to the optical position sensor market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global optical position sensor market?
• What are the key market trends impacting the growth of the global optical position sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global optical position sensor market?
• What are the market opportunities and threats faced by the vendors in the global optical position sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global optical position sensor market?

Technavio also offers customization on reports based on specific client requirement.