The global light sensors market is anticipated to grow at a compound annual growth rate (CAGR) of 12.09% over the forecast period to reach US$12.538 billion by 2029, increasing from US$5.641 billion in 2022.
The global light sensor market is driven by a confluence of factors as it has multipurpose usage in various industries, types, and forms. They convert light energy into other forms of energy, mainly into electrical energy for measurable signals. The most common use of light sensors is in smartphones, where they are used to detect the brightness auto adjust, auto off the device when close to an object, and various camera functions.
The data published by ITU shows the percentage of individuals owning a mobile phone is higher than the percentage of Internet users, the percentage of individuals owning a mobile worldwide was, 78% worldwide, 88%, and 93% as high in regions of the Americas and Europe, respectively.
Another, important factor driving the market is the use of this in the automobile sector as ambient light sensing within the car, which enhances the driving experience and facilitates energy conservation aligning with human vision.
New applications of the product such as, IKEA launched on November 2023, introducing PARASOLL, VALLHORN, and BADRING smart sensors, a smart home product, empowering customers to oversee and control their homes remotely from any location worldwide, also driving the market
Light sensors in automobiles are used for multipurpose, like automatic rain wipers, Automatic headlights, ADAS, etc. Further, innovative products such as the OX08D10 8?megapixel image sensor with TheiaCel™ technology that, enhances automotive safety by providing resolution and image quality in exterior cameras for advanced driver assistance systems (ADAS) and autonomous driving (AD), launched by OmniVision, on September 2023, further driving the market.
The demand for EVs is also playing an important role as the EV sales of BEV cars in 2021 were 4.6 million and increased to 7.3 million in 2022. Modern EVs require sensors to improve the driving experience. The requirement for a light sensor will further go up with the introduction of Auto-pilot mode in cars. Overall, the demand for light sensors will increase in the forecast period.
Optical sensors are incredibly valuable for health monitoring and are widely used in wearable technology. They are non-invasive, compact, and safe to wear on the body for extended periods without irritating it. They detect various biological signs, such as heart rate, oxygen saturation, and, more recently, blood pressure, using light .
One of the biggest concerns for public health is physical inactivity. According to a recent study, 81% of teenagers enrolled in school and roughly 23% of adults do not meet recommended levels of physical activity . Wearables are technological gadgets with smart sensors that are typically online to exchange data. Globally, there will be more than 1.1 billion devices by 2022. Smartwatches and fitness trackers are the most popular wearables, but ear-worn gadgets are expected to overtake other categories shortly
The world leader in optical solutions, AMS OSRAM, will provide an ambient light sensor with exclusive UV-A light detection in October 2021. It has been possible to monitor vital signs like blood oxygen saturation and pulse using smartphones and smartwatches for a number of years. The TSL2585 from Ams OSRAM measures the UV-A radiation in natural sunshine through its matching UV channel. This makes it possible to alert the user when UV-A radiation is too high. The sensor's incredibly small size makes it the perfect choice for wearables and other mobile applications that have limited space .
Additionally, Metalenz selected the ISOCELL Vizion 931, a new high-performance global-shutter NIR image sensor from Samsung, in February 2024 as the light engine for their ground-breaking polarization-sorting imaging system. The innovative capacity of Metalenz to sort light based on its polarization state is combined with the industry-leading image sensor capabilities of the ISOCELL Vizion 931 in this collaboration. Utilizing the distinct polarization characteristic of the human face, Polar ID has developed the most compact, cost-effective, and safe biometric face unlock system for smartphones globally .
The growing demand in India for consumer electronics, coupled with the increasing use of light sensors in appliances such as LED/LCD televisions and laptops, are some of the factors contributing to the market growth of light sensors in India. Additionally, factors such as increased demand for renewable energy and the growing need for sensor miniaturizations are all attributed to the increased demand for light sensors in the projected period.
Moreover, smart homes, advancements in the automotive sector, coupled with low-cost and high-speed electric circuits, manufacturing technologies, and novel signaling processing methods, have all fueled the technological advancements for the sensors.
The Indian government has exceedingly invested in smart city projects, where these light sensors are expected to be highly used, which again can boost the market for light sensors. For instance, according to the Indian Investment Grid, Smart City Mission in India has a total of 1,131 projected and the government has plans to invest a total of US$26.38 billion in this project. With the rising population, the growing demand for consumer electronic products, and rising investment in allied projects India is expected to be one of the major markets for light sensors in the projected period.
With rising private consumption, and increasing per capita income, the Indian electronics market has emerged as one of the largest markets in the world. According to Invest India, the domestic production of electronics in India was valued at US$101 billion in the financial year 2022. The highest share in this was attributed to mobile phones is 43% of the total production in value mobile phones, followed by IT hardware with 5%, consumer electronics having a value share of 12%, and others (wearable headphones, PCBA, LED lighting, among others) contributed to 40% of the value. Hence, such a large electronics market of the country is expected to have a huge demand for light sensors in the projected period.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Light Sensor Market Size in 2022 | US$5.641 billion |
| Light Sensor Market Size in 2029 | US$12.538 billion |
| Growth Rate | CAGR of 12.09% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2023 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Light Sensor Market | |
| Customization Scope | Free report customization with purchase |
The Light Sensor Market is analyzed into the following segments: