Increasing Demand for Consumer Electronics to Boost the Global Light Sensor Market

The global market for light sensor is expected to experience a strong growth during the forecast period 2017-2027, owing to rising demand for from smart homes, outdoor applications, and automotive sector. Manufacturers of smartphone and tablets are constantly relying on the light sensors to reduce the energy consumption in these devices, which is likely to favor the market growth, notices Market Research.biz. In a report titled, “Light Sensor Market: Global Industry Analysis and Opportunity Assessment 2017-2027”, analysts of the report have provided in-depth analysis of the market which will help readers to comprehend. The report also provides various factors which are associated with market such as trends, drivers, restraints, opportunities, and regional analysis. The reports also caters company profiles of key players in the market.

The major factors driving the market includes implementation of light sensor functions in the consumer electronics products such as tablets and smartphone. Rapid progress in automotive sector, outdoor lighting, and smart homes are predicted to bolster the market growth. Apart from these, increasing implementation of light sensor products in building automation is also anticipated to provide momentum to the market. High demand for proximity detection, gesture recognition, and light sensing in electronic devices are anticipated to play a major role in lifting the market. Though the market is surrounded by several drivers, it is also confronted by restraints which are predicted to deter the market growth. Low profit made by manufacturers in the market is acting as a major restraint in the market. Nonetheless, high demand for light sensor product in developing countries is prognosticated to drive the market. The players in the market are spending hefty amount behind the research and development activities to make an efficient product and widen their product portfolio. These is likely to intense the competition in the market.

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The global light sensor market is classified on the basis of technology, output, application, and region. On the basis of application, the market is segregated into automotive, consumer electronics, building automation, industrial manufacturing, and others. Among these, consumer electronics is foreseen to dominate the market.  On the basis of technology, the market is divided into radio frequency, sound, radio wave, infrared, and others. Based on output, the market is bifurcated into binary and analog. Geographically, the report covers market in Eastern Europe, Western Europe, Latin America, North America, Japan, the Middle East and Africa, and Latin America. Of these Asia Pacific is likely to dominate the market owing to rising demand for consumer electronics along with increasing population in the region. However, on the other hand Europe and North America are likely to hold a significant share in the market. Some of the major players in the market are ROHM Semiconductor, Vishay Intertechnology, Maxim Integrated, ELAN Microelectronics Corporation, and Heptagon.

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