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Global Optical Sensors Market 2016-2020

  • Published: Apr 2016
  • Pages: 68
  • SKU: IRTNTR8968
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This market research report presents a detailed segmentation of the global optical sensor market by end-user application (consumer electronics, industrial manufacturing, medical, public infrastructure, aerospace and defense, and automotive), by type (image, position, fiber-optic, infrared, and ambient light and proximity), and by geography (Americas, APAC, and EMEA). Leading vendors in the market are Baumer, First Sensor, Honeywell, Omron, Robert Bosch, and Rockwell Automation.

Overview of the optical sensor market

Extensive research carried out by the analysts at Technavio has shown that the global optical sensor market to grow at an impressive CAGR of nearly 10% over the forecast period. One of the critical factors driving the growth of this market is the increasing proliferation of smartphones and tablets. The global smartphone market has seen a massive upsurge in shipments in the last decade which is expected to directly impact the optical sensor market in a positive manner. With the increasing adoption of smartphones, manufacturers are focussing on adding new features and applications to differentiate their products from other manufacturers. Furthermore, the 4G rollout in leading countries like India, China, Germany, Japan, Singapore, the US, and the UK has resulted in the deployment of LTE technology in the market. This technology enables mobile devices to deliver premium-quality services, such as high-speed data traffic supporting Internet browsing, voice, and video, to smartphone users. With an increasing number of devices being integrated with additional features like gesture control, fingerprint scanners, image scanners, and GPS, the market for optical sensors is expected to witness profound growth in the coming years.

In this market study report, the analysts have estimated factors such as the increasing adoption of wearable technology to impel the growth prospects for this market over the predicted period. Wearable technology is primarily used to monitor daily activities and access smartphone functionalities. This category includes smart watches, smart fabrics, and heart rate monitors that are integrated with optical sensors to monitor daily physical activities. This technology is expected to gain significant momentum during the forecast period, thereby bolstering the growth prospects of the optical sensor until the end of 2020.

Segmentation by type and analysis of the optical sensors market

  • Image
  • Position
  • Fiber-optic
  • Infrared
  • Ambient light and proximity

During 2015, the image sensors segment dominated the market and accounted for a market share of more than 44% in terms of revenue. Factors such as the augmented applications of CMOS image sensors in the automotive, healthcare, and consumer electronics segment to contribute to the growth prospects for this segment over the predicted period.

Geographical segmentation and analysis of the optical sensors market

  • Americas
  • APAC
  • EMEA

The Americas dominated this market and is expected to reach more than USD 14 billion by the end of 2020. The high-rate of industrial automation in the US is one the key factors driving this market’s growth in the Americas. Moreover, the increasing use of optical sensors such as fiber-optic sensors in the oil and gas industry is aiding in the growth of this market in the region. Also, governments in South America are increasingly focussing on urbanization and looking to improve healthcare sector with the integration of optical sensors, thereby spurring this market’s growth.

Competitive landscape and key vendors

The global optical sensors market is highly fragmented because of the presence of well-diversified vendors that offer different types of sensors. These vendors compete on the basis of technical advances and innovate to capture the market of a particular customer segment. This competition will also bring about significant technological changes, as all the big vendors are investing in R&D to differentiate their products.

Top vendors in the market are –

  • Baumer
  • First Sensor
  • Honeywell
  • Omron
  • Robert Bosch
  • Rockwell Automation

Other prominent vendors in the market include Eaton, General Dynamics, Micron Optics, Samsung Semiconductor, Sick, Smart Fibres, and STMicroelectronics.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global optical sensors market?
  • What are the key market trends impacting the growth of the global optical sensors market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global optical sensors market?
  • What are the market opportunities and threats faced by the vendors in the global optical sensors market?
  • Trending factors influencing the market shares of the Americas, EMEA, and APAC.
  • What are the key outcomes of the five forces analysis of the global optical sensors market?

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

Related reports

A fiber optic sensor uses optical fibers either as the sensing element or as the medium of relaying signals from a remote sensor to the electronic devices that process such signals. Since these sensors are immune to electromagnetic interference, they can be used in places that are characterized by the presence of high voltage electricity or flammable materials like jet fuel. Fiber optic sensors can also be designed to withstand high temperatures.

The report, global optical sensors market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Source year and forecast period
  • Market reportage
  • Market size computation
  • Geographical segmentation
  • Vendor segmentation
  • Vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Industry overview

  • Global semiconductor market overview

PART 05: Introduction

  • Key market highlights

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Market segmentation by end-user application 

  • Global optical sensor market by end-user application 2015
  • Global optical sensor market by end-user application 2020
  • Consumer electronics
  • Industrial manufacturing
  • Medical
  • Public infrastructure
  • Aerospace and defense sector
  • Automotive

PART 08: Market segmentation by type

  • Global optical sensor market by type 2015
  • Global optical sensor market by type 2020
  • Image sensors
  • Position sensors
  • Fiber-optic sensors
  • Infrared sensors
  • Ambient light and proximity sensors

PART 09: Geographical segmentation

  • Global optical sensor market by region 2015
  • Global optical sensor market by region 2020
  • Optical sensor market in Americas
  • Optical sensor market in APAC
  • Optical sensor market in EMEA

PART 10: Key leading countries

  • US
  • Japan
  • Germany

PART 11: Market drivers

  • Proliferation of smartphones and tablets
  • Demand for highly sensitive sensors in industrial automation
  • Growth of smart factories
  • Growing use of structural health monitoring systems
  • Advent of wireless sensing technology

PART 12: Impact of drivers

PART 13: Market challenges

  • High initial and upgrading costs of sensors
  • Limited sensing capability in adverse environmental conditions
  • Lack of industry standards
  • Lack of consumer awareness about optical sensor technology
  • Shortage of skilled and trained personnel in sensor manufacturing units

PART 14: Impact of drivers and challenges

PART 15: Market trends

  • Wearable technology
  • Growth of Internet of Things
  • Miniaturization of optical sensors

PART 16: Vendor landscape

  • Competitive scenario
  • Baumer
  • First Sensor
  • Honeywell
  • Omron
  • Robert Bosch
  • Rockwell Automation
  • Other prominent vendors

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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