Light sensors are installed in consumer electronic devices like smartphones and tablets to control automatic screen brightness and other features, which require the light to be sensed. The adoption of these electronics will escalate, on account of high demand from young population, especially the millennials. With a boom in the world population, the penetration of these devices will increase in the future. Owing to this reason, the light sensor market will accelerate at 9.5% CAGR during 2020–2030. According to P&S Intelligence, the market generated $1,456.2 million revenue in 2019.
Additionally, the establishment of smart cities has amplified the usage of light sensors, globally. These townships have sensor-based lights, primarily for ambient light sensing, as the lights in these cities have to be energy efficient. Due to this reason, the lights will switch on or increase the brightness when it gets dark. Similarly, during the day time, the artificial lights will either switch off automatically or decrease their brightness, thereby conserving electricity. Moreover, construction of new smart cities in India, Brazil, and China will fuel the installation of light-sensing devices in the future.
Browse detailed - Light Sensor Market Revenue Estimation and Growth Forecast Report
Apart from this, light sensors are also consumed in large quantity in the automobile industry. The automakers install these devices in the advanced driver assistance systems (ADAS) for park assist and to sense the light. Moreover, the integration of internet of things (IoT) technology in ADAS devices has led to the increased adoption of light sensors in these devices. Besides, the light sensing systems also find applications in the healthcare, industrial, and entertainment sectors.
In recent years, players in the light sensor market have started engaging in product launches to gain a competitive edge. For instance, ams AG launched a tiny digital proximity sensor module — TMD2635, in September 2019. Installation of this sensor gives freedom to manufacturers of true wireless stereo (TWS) devices, to develop lighter and smaller earbuds of industrial design. Further, the company also introduced an advanced spectral ambient light sensor — AS7350, in January 2020. It is also designed for high-end smartphones as it offers accurate light source identification.
