LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global light sensor market is expected to grow at a CAGR of more than 8% during the forecast period.
This research report titled ‘Global Light Sensor Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The light sensor market is witnessing the emergence of spectral sensing, which is an advanced form of light sensor technology. Spectral sensing enables innovative spectral analysis of light for several applications. “One such example for spectral sensing is true color sensing biosensors for critical health data. Light sensor vendors have started recognizing opportunities for advanced uses of light sensor technology in spectral sensing,” says Navin Rajendra, an industry expert at Technavio for research on sensors.
| In 2015, Samsung was the largest buyer of light sensors, followed by Apple. Samsung dominated the global smartphone market with a share of 21.4%, followed by Apple with 18.7%. |
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Based on application, the report categorizes the global light sensor market into the following segments:
- Consumer electronics
- Building automation
- Automotive
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Global light sensor market by application 2015 (%) |
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Consumer electronics |
84.35% | ||||
| Building automation | 9.48% | ||||
| Automotive | 6.17% | ||||
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Source: Technavio |
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Consumer electronics
The consumer electronics segment was valued at USD 877.2 million in 2015 and is expected to reach USD 1.26 billion in 2020. The market will grow consistently during the forecast period. Technological advances in sensing technology have enabled the adoption of light sensors in consumer electronics. These sensors can be integrated with other components and work in close collaboration with each other to achieve optimized results.
For instance, an ambient light sensor (ALS) and a proximity sensor are integrated in a single chip, which is embedded in smartphones to control the backlighting of the screen by detecting the proximity of the user to the phone. The technology is gradually being used in mobile computing devices such as smartphones, tablets, phablets, and notebooks and is expected to grow with the mobile computing device market.
Building automation
The building automation segment accounted for USD 98.58 million in 2015 and is expected to reach USD 181.6 million in 2020. Light sensors communicate wirelessly with other sensors such as occupancy sensors to form an intelligent lighting network integrating lighting and building automation. These automation systems rely on sensing managed through microcontroller units and software that detect and record data related to occupancy, ambient light, and temperature sensors, as well as energy consumption. These systems are customizable for various settings, such as private offices, conference rooms, and bathrooms.
“The lighting industry is going through changes that involve shifting of the market from dominant fluorescent lighting to more flexible and efficient LED lighting. The market has expanded in terms of a variety of available control systems, and building energy codes has largely driven the adoption of more basic lighting controls such as light sensors and occupancy sensors,” says Navin.
Automotive
The automotive segment was valued at USD 64.18 million in 2015 and is expected to reach USD 102.6 million by 2020. One of the recent technology advances in the automotive segment is the introduction of automatic headlamps. These headlamps are activated through a light sensor which is embedded into the instrument panel. The sensor can be activated by the lighting conditions at dawn or dusk.
The demand for light sensors in the global automotive industry was comparatively low in 2015 due to high capital investments and long product cycles. It was mainly driven by the US market, which accounted for more than 17 million units of automobiles in 2015. However, the automotive market is expected to be flat in the next two years due to saturation. Investments in new auto factories in Mexico will increase during the forecast period, with the installed capacity to grow more than 50%.
Automakers are making massive investments in emerging countries. The annual vehicle shipments in China, the world’s largest auto market, will be more than 30 million by 2020. Joint ventures with Chinese companies, for consistent returns and high production of high-end models, will help automakers take advantage of potential sales growth in the automotive market. This will foster the demand for light sensors in the automotive segment in the coming years.
Some of the top vendors highlighted by Technavio’s research analysts in this report are:
- ams
- Avago Technologies
- ELAN Microelectronics Corporation
- Everlight Electronics
- Heptagon
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