PUBLISHER: The Business Research Company | PRODUCT CODE: 1694683
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694683
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 $29.19 billion in 2024 to $32.55 billion in 2025 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to growing electronics sector, increased adoption of minimally invasive procedures, focus on sustainability, healthcare expenditure growth, 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 $48.34 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rapid growth of consumer electronics industry, focus on healthcare technology advancements, expansion of industrial automation, growth of aerospace and defense sector, increasing demand for environmental monitoring. Major trends in the forecast period include shift towards extrinsic optical sensors, increased adoption of fiber optic sensors, expansion into biometric applications, growing application in medical sector.
The growth of robotics and automation is expected to significantly boost the optical sensor market in the future. Robotics and automation involve the use of robotic devices or artificial intelligence to perform tasks autonomously, without human intervention. The increasing demand for robotics and automation is driven by the need for greater efficiency, safety, productivity, flexibility, and customization. Optical sensors play a vital role in robotics and automation by providing essential data for object detection, distance sensing, positioning, quality control, and safety applications, thereby enhancing the performance and efficiency of automated systems. For example, in May 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported a 12% increase in industrial robot installations in manufacturing in 2022, reaching a total of 41,624 units. The automotive industry, mainly consisting of companies from the US, Canada, and Mexico, was the leading adopter, with 20,391 installed units, reflecting a 30% rise compared to 2021. Therefore, the expansion of robotics and automation will drive growth in the optical sensor market.
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 2024. 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.
Optical Sensor Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on optical sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for optical sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The optical sensor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.