Optical Sensor Global Market Report 2024

Description

An optical sensor is a device designed to convert light or changes in light into electronic signals. These sensors serve multiple purposes, including detecting light intensity and providing analyte information from a distance. They are utilized to detect the presence, absence, or position of objects on assembly lines, thereby enhancing manufacturing operations by ensuring greater efficiency and accuracy.

The primary types of optical sensors include fiber optics, position sensors, image sensors, ambient light sensors, proximity sensors, and infrared sensors. Fiber optics utilize glass or plastic fibers to transmit data as pulses of light over long distances. They find applications in pressure and strain sensing, temperature sensing, geological surveying, and biometric applications across various industries such as consumer electronics, industrial, aerospace and defense, oil and gas, automotive, and healthcare verticals.

The optical sensor market research report is one of a series of new reports from The Business Research Company that provides optical sensor market statistics, including optical sensor industry global market size, regional shares, competitors with an optical sensor market share, detailed optical sensor market segments, market trends and opportunities, and any further data you may need to thrive in the optical sensor industry. This optical sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The optical sensor market size has grown rapidly in recent years. It will grow from $26.26 billion in 2023 to $29.19 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth experienced in the historical period can be attributed to various factors. These include the expansion of the electronics sector, greater adoption of minimally invasive procedures, an increased emphasis on sustainability initiatives, growth in healthcare expenditure, and heightened demand for advanced sensing technologies.

The optical sensor market size is expected to see rapid growth in the next few years. It will grow to $43.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The projected expansion in the forecast period can be credited to the rapid expansion of the consumer electronics sector, heightened emphasis on advancements in healthcare technology, the broadening scope of industrial automation, growth within the aerospace and defense industries, and rising demands for environmental monitoring solutions. Key trends anticipated in the forecast period encompass a transition towards extrinsic optical sensors, heightened uptake of fiber optic sensor technologies, diversification into biometric applications, and expanding utilization in the medical sector.

The expansion of robotics and automation is anticipated to drive the growth of the optical sensor market in the foreseeable future. Robotics and automation entail the utilization of robotic devices or artificial intelligence to automate tasks, eliminating the need for human intervention. The demand for robotics and automation stems from the pursuit of efficiency, safety, heightened productivity, and the ability to customize and adapt operations. Optical sensors play a pivotal role in robotics and automation by furnishing vital data for tasks such as object detection, distance sensing, positioning, quality control, and safety applications. By enhancing the capabilities and efficiency of automated systems, optical sensors contribute significantly to the advancement of robotics and automation. For instance, the World Robotics Report released by the International Federation of Robotics (IFR) in 2021 revealed a substantial increase in robot installations worldwide, underscoring the growing adoption of robotics and automation across industries.

Prominent players within the optical sensor market are spearheading the development of cutting-edge technologies such as FSM: GO, aimed at streamlining vision system development. FSM: GO represents compact imaging systems designed to integrate specialized vision capabilities into various machines and devices, enabling them to perceive their surroundings. For instance, in January 2024, FRAMOS GmbH, a leading technology provider based in Germany, introduced FSM: GO, a comprehensive suite of deployable optical sensor modules empowering machines with visual cognition capabilities. Serving as a versatile prototyping solution, FSM: GO is readily deployable for large-scale production, offering a meticulously curated selection of pre-configured sensors paired with optimally focused lenses to deliver superior off-the-shelf image quality. With its objective to simplify embedded vision development processes, FSM: GO serves as a versatile prototyping tool poised for immediate deployment in mass production endeavors.

In January 2024, ABB Ltd., a Switzerland-based powerhouse in the power and automation technology sector, finalized the acquisition of Real Tech Inc. for an undisclosed sum. This strategic move is poised to bolster ABB's presence in the water market while augmenting its product portfolio with cutting-edge optical technology essential for smart water management. Real Tech Inc., headquartered in the United States, specializes in providing optical sensor technology for real-time water monitoring and testing, aligning closely with ABB's strategic objectives in expanding its footprint within the water sector.

Major companies operating in the optical sensor market are Sony Corporation, Panasonic Holdings Corporation, Honeywell International Inc., Broadcom Inc., ABB Ltd., Texas Instruments, T.E. Connectivity Ltd., STMicroelectronics, Infineon Technologies AG, NXP Semiconductor Inc., Analog Devices Inc., ON Semiconductor Corporation, Keyence Corporation, OMRON Corporation, Teledyne Technologies Inc., ams AG, ROHM Semiconductor, Sick AG, Hamamatsu Photonics, ifm electronic gmbh, Vishay Intertechnology, Balluff Webshop UK, First Sensor AG, AlphaSense, Oxsensis Ltd., Rockwell Automation

Asia-Pacific was the largest region in the optical sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the optical sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The optical sensor market consists of sales of light sensors, motion sensors, spectral sensors, and optical encoders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Type: Fiber Optics; Position Sensors; Image Sensors; Ambient Light Sensors; Proximity Sensors; Infrared Sensors
2) By Application: Pressure And Strain Sensing; Temperature Sensing; Geological Survey; Biometric
3) By Vertical: Consumer Electronics; Industrial; Aerospace And Defense; Oil And Gas; Automotive; Healthcare
Covering: Sony Corporation; Panasonic Holdings Corporation; Honeywell International Inc.; Broadcom Inc.; ABB Ltd

Product Code: r17408

1. Executive Summary

2. Optical Sensor Market Characteristics

3. Optical Sensor Market Trends And Strategies

4. Optical Sensor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Optical Sensor Market Size and Growth

5.1. Global Optical Sensor Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Optical Sensor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Optical Sensor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Optical Sensor Market Segmentation

6.1. Global Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fiber Optics
Position Sensors
Image Sensors
Ambient Light Sensors
Proximity Sensors
Infrared Sensors
6.2. Global Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pressure And Strain Sensing
Temperature Sensing
Geological Survey
Biometric
6.3. Global Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Consumer Electronics
Industrial
Aerospace And Defense
Oil And Gas
Automotive
Healthcare

7. Optical Sensor Market Regional And Country Analysis

7.1. Global Optical Sensor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Optical Sensor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Optical Sensor Market

8.1. Asia-Pacific Optical Sensor Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Optical Sensor Market

9.1. China Optical Sensor Market Overview
9.2. China Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Optical Sensor Market

10.1. India Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Optical Sensor Market

11.1. Japan Optical Sensor Market Overview
11.2. Japan Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Optical Sensor Market

12.1. Australia Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Optical Sensor Market

13.1. Indonesia Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Optical Sensor Market

14.1. South Korea Optical Sensor Market Overview
14.2. South Korea Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Optical Sensor Market

15.1. Western Europe Optical Sensor Market Overview
15.2. Western Europe Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Optical Sensor Market

16.1. UK Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Optical Sensor Market

17.1. Germany Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Optical Sensor Market

18.1. France Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Optical Sensor Market

19.1. Italy Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Optical Sensor Market

20.1. Spain Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Optical Sensor Market

21.1. Eastern Europe Optical Sensor Market Overview
21.2. Eastern Europe Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Optical Sensor Market

22.1. Russia Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Optical Sensor Market

23.1. North America Optical Sensor Market Overview
23.2. North America Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Optical Sensor Market

24.1. USA Optical Sensor Market Overview
24.2. USA Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Optical Sensor Market

25.1. Canada Optical Sensor Market Overview
25.2. Canada Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Optical Sensor Market

26.1. South America Optical Sensor Market Overview
26.2. South America Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Optical Sensor Market

27.1. Brazil Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Optical Sensor Market

28.1. Middle East Optical Sensor Market Overview
28.2. Middle East Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Optical Sensor Market

29.1. Africa Optical Sensor Market Overview
29.2. Africa Optical Sensor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Optical Sensor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Optical Sensor Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Optical Sensor Market Competitive Landscape And Company Profiles

30.1. Optical Sensor Market Competitive Landscape
30.2. Optical Sensor Market Company Profiles
- 30.2.1. Sony Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Panasonic Holdings Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Honeywell International Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Broadcom Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ABB Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Optical Sensor Market Other Major And Innovative Companies

31.1. Texas Instruments
31.2. T.E. Connectivity Ltd.
31.3. STMicroelectronics
31.4. Infineon Technologies AG
31.5. NXP Semiconductor Inc.
31.6. Analog Devices Inc.
31.7. ON Semiconductor Corporation
31.8. Keyence Corporation
31.9. OMRON Corporation
31.10. Teledyne Technologies Inc.
31.11. ams AG
31.12. ROHM Semiconductor
31.13. Sick AG
31.14. Hamamatsu Photonics
31.15. ifm electronic gmbh

32. Global Optical Sensor Market Competitive Benchmarking

33. Global Optical Sensor Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Optical Sensor Market

35. Optical Sensor Market Future Outlook and Potential Analysis

35.1 Optical Sensor Market In 2028 - Countries Offering Most New Opportunities
35.2 Optical Sensor Market In 2028 - Segments Offering Most New Opportunities
35.3 Optical Sensor Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer