The light sensors market is estimated to grow at a CAGR of 9.3% between 2016 and 2022 and is expected to reach USD 2.14 Billion by 2022. The growth of the light sensors market is driven by the growing implementation of light sensors to perform certain functions in consumer electronics such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the market.
The consumer electronics sector expected to lead the light sensors market
Consumer electronics accounted for a large share of the light sensors market in 2015. The implementation of light sensor functions in mobile devices and tablets is driving the light sensors market for the consumer electronics sector. The increasing demand from OEMs to implement light sensor function such as ambient light sensing, proximity detection, RGB color sensing, and gesture recognition in mobile devices and tablets has supported the growth of this market.
The automotive sector expected to grow at a high CAGR between 2016 and 2022
The market for light sensors for the automotive sector is expected to grow at a high CAGR between 2016 and 2022. The growing awareness about user-friendly interface with in-built light sensors for driver assistance and driver safety is propelling the growth of the automotive sector of the light sensors market. Light sensors in the automotive sector offer higher safety and vehicle reliability. These sensors are helping the driver from getting distracted while driving. All these factors are expected to drive the automotive sector supporting the growth of the light sensors market.
The light sensors market on the basis of function is segmented into ambient light sensing, proximity detection, RGB color sensing, gesture recognition, and UV/IR detection. The growing implementation of light sensors to perform the functions stated above in various applications including automotive, consumer electronics, industrial, and home automation among others is supporting the growth of market. The ambient light sensor in a device provides a benefit of saving the battery power. The automatic adjustment (auto-dimming) of the backlight offers power savings in these devices.
Also, ambient light sensor in the automotive sector supports automatic dimming in automobiles to ensure reliable visibility under all circumstances. The headlamp control in cars improves road safety by automatically turning on the lights in twilight or while entering a tunnel. These factors are driving the growth of the market for light sensors based on the ambient light sensing function.
In 2015, consumer electronics held the largest market in Asia-Pacific, whereas the automotive application is expected to grow at a high CAGR between 2016 and 2022. The major reasons driving the growth of the light sensors market in APAC is the large number of mobile, laptop, and tablet users.
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