Asia Pacific Optical Sensors Market Size

APAC Optical Sensors Market Analysis

Asia Pacific Optical Sensors Market is expected to grow at a CAGR of 12.6% over the forecast period. The growing demand for advanced security features in smartphones has resulted in the growth of these sensors. One of these features includes on-screen fingerprint scanning, an optical sensor that detects and verifies fingerprints, propelling the optical sensor market.

• Optical sensors are important electronic components that convert optical signal signals (incident light) into electronic signals. Optical sensors have very few commercial applications as stand-alone components. However, when integrated as a system with several measuring devices and electrical components, optical sensors gain a high market value due to the wide range of applications that exist across numerous end-user industries.
• Advancements in self-driving cars and Advanced Driver Assistance Systems have increased demand for these sensors in recent years. Because optical sensing solutions are considered a superior technology for measuring distances, positions, and displacements, they are increasingly used in self-driving automotive applications. Continuous development of light sources for optical sensors is also expected to play a crucial role on the road to automated, self-driving vehicles.
• Optical sensors developed based on molecularly imprinted nanomaterials (MIP) at the nanoscale outperform their conventional-sized counterparts. They are distinguished by their faster response time and ease of integration with other functionalities. In addition, the use of fiber-optic current and voltage sensors in electricity transmission, which offers significant advantages over traditional current and voltage measurement technologies, is expected to drive the market under consideration.
• Japan and India are the other two countries with a large number of electronics and semiconductor manufacturers as well as end-users. These two countries also reported more COVID-19 infected cases and are still fighting the virus's spread. Though the countries have relaxed the lockdown rules and allowed manufacturing plants to operate, the decrease in demand and supply has significantly impacted the optical sensors market players in both countries.
• However, several kinds of research are being conducted to utilize optical sensors for detecting the COVID-19 virus. In line with this, in April 2022, a nanotechnology research group from the University of Georgia announced the development of nanotechnology-based optical sensors for rapid coronavirus detection. Such developments in optical sensors and their increasing applications in the medical industry are expected to bolster market growth.