Market Size of Colour Detection Sensor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Colour Detection Sensor Market Analysis
The color detection sensor market was valued at USD 1.77 billion in 2020 and is expected to reach USD 2.91 billion by 2026 and work at a CAGR of 8.68% over the forecast period (2021-2026). The need to measure the lighting environment beyond just ALS (or broad spectrum light) has driven the adoption of color sensors for use in display-based products.
- Color sensing technology along with the ability to accurately measure the ambient light CCT and intensity enables smartphones to increase its user's experience. The color sensors distinguish between natural and artificial light which is helping smartphone manufacturers to extensively use them in the optical lenses of smartphones.
- As the penetration of smartphones is set to increase from 57% in 2017 to globally to 77% in 2025 according to GSMA, the market for color detection sensors is also expected to increase.
- Furthermore, there has been an increase in automation across several industries, globally. This has further increased the demand for optical sensors across industry verticals, and color sense is one of the important subjects of optical sensors. Color sensors have a variety of applications, including detection of environmental, biological, and chemical parameters.
- Future advances in electronics, optics, and software are expected to lead to the development of color sensors that output the reading intensity and color value. This information will enable the controller or operator to see not only what color is detected, but also how much color is present.
