Optical sensors has gained significant amount of capital in R&D considering the advantages they provide as compared to traditional sensors. Considering the advantages of optical fibres, sensor arrays can help in cost reduction and increases flexibility.
The market for Global Optical Sensors was valued at US$14.49 billion in 2014 and is expected to reach US$20.94 billion by 2020, growing at a CAGR of 7.65 percent.
The Global Optical Sensors market will grow at a steady pace during the forecast period. Advancement in mobile technology with new features and models is expected to change the market dynamics for optical sensors, and will further change the scenario for silicon technology. Companies are shifting their focus towards silicon technology to address the demand for power saving technology.
The Asia-pacific holds the major share for sensor penetration due to increase in the growth of the sectors such as manufacturing, retail and automation. It is estimated that emerging economies is expected to be the major market for optical sensors in the near future.
Some of the sectors covered in the report can be described as:
Optical sensor in Healthcare: The market is experiencing high growth in the domain of 3D shape sensing. This application is however relatively new. The age-old application of these optical sensors for in vivo processes in the healthcare sector, have been replaced by placing or inserting these devices in places of the human body which cannot be easily accessed.
Optical Sensors in Oil and Gas: The commercial uses of the Fibercore (Optical fiber) in the femtosecond laser are tremendously benefiting the oil and gas Industry. The femtosecond gratings uses pure silica core fibers that do not react with the hydrogen, thereby increasing the lifespan of the fiber and reducing the need for continuous replacement and repair.
In 2014, the market for Global Optical sensors was dominated by image sensors with 44.89 percent share followed by Position sensors and Fiber-optic sensors with 21.22 percent and 15.21 percent share respectively.
We have conducted an extensive research across the industry. One of the excerpts is mentioned below, which gives the idea of Ambient Light Sensor under Global Optical Sensor Market.
“Cadmium Sulfide sensors holds a share of close 37-39 percent, which is being followed by Silicon sensors accounting for close to 25 percent under Ambient Light Sensors Market. Also, ROHS initiative will impact the market for Light sensors in European countries” – Marketing Manager (One of the leading manufacturers)
What the report contains
The study elucidates the situation of sensors by various types and shows application of sensors in various markets like Commercial, Consumer Electronics, Medical (Opthalmology, Dentistry, Dermatology, Neurology, and among others), Automotive, Industrial, Aerospace and Defense, and Optocouplers (4-pin Optocouplers, 6 Pin Optocouplers, High Speed Optocouplers, IGBT Gate Driver Optocouplers, and Isolation Amplifier Optocouplers) among others, along with market metrics. The market is divided by the various types of Optical sensors and the different technologies being used.
The report is also divided by geography - North Americas, Europe, the Asia-Pacific (APAC), Latin America and Middle East and Africa; where-in country-wise market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of sensors have been discussed in detail in addition to a comprehensive overview of the market.