Market Overview

Global Optical Sensors Market to Reach $26.88 Billion by 2023 - ResearchAndMarkets.com

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The "Global
Optical Sensors Market - Segmented by Technology, Sensor Type,
Optocouplers, Application (Commercial, Consumer Electronics, Medical,
Automotive, Industrial, and Aerospace & Defense), and Region - Growth,
Trends, And Forecast (2018 - 2023)"
report has been added to ResearchAndMarkets.com's
offering.

The global optical sensor market was worth USD 17.42 billion in 2017 and
is projected it to grow to USD 26.88 billion by 2023 at a CAGR of 7.5%
over the forecast period (2018-2023).

The global optical sensors market is expected to grow at a steady pace
over the forecast period. This growth is due to the advancements in
mobile technology resulting in new features and models. These
advancements are expected to change the scenario for silicon technology
as well.

Moreover, the need for power-saving technologies is also changing the
market, with companies shifting their focus toward the silicon
technology.

The optical sensors market is also witnessing the development of sensors
for niche, yet specific applications, including diffused device with
intensity difference to detect the presence of filters in coffee
capsules, and laser distance sensors for measuring the thickness of
medicinal capsules.

Key Highlights

  • Increasing Penetration of Automation Techniques across Industries
  • Advancements in Hyper Spectral Imaging to Augment the Growth
  • Growth in Fiber Optic Sensors Segment to Drive the Market

Notable Developments in the Market

  • ROHM announced the market availability of an optical sensor for heart
    rate monitoring optimized for wearable devices, such as sports bands
    and smart watches.
  • AOMS Technologies Inc. announced the deployment of its patented fiber
    optic sensing technology (AOMS-FOS) for monitoring of soil and
    groundwater during In-Situ Thermal Remediation (ISTR) projects in
    Europe.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Optical Sensors Market Segmentation

6. Competitive Intelligence - Company Profiles

  • ON Semiconductor
  • Microchip Technology Inc.
  • Eaton Corporation PLC
  • Honeywell International Inc.
  • Omnivision Technologies Inc.
  • Pepperl+Fuchs International
  • Rockwell Automation Inc.
  • Sick AG
  • STEINEL
  • STMicroelectronics
  • Texas Instruments Inc.

7. Investment Analysis

8. Future Outlook of Optical Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/6bgn6f/global_optical?w=4

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