Optical Sensors Market by Industry (Aerospace & Defense, Healthcare, Automobile), By Type (Image, Position, Fibre Optics Sensor), & Region - Market Data Forecast 2017-2025

Global Optical Sensors Market 2017-2025

Optical sensors have wide application across various industries such as healthcare, metrology, imaging and remote sensing. Optical sensors use lasers, imaging systems, and optical fibers to analyze and report the results. Optical sensors are an example of advancing technologies that convert light rays into electronic signals. Research and development in the field of optical sensors and the advantages of optical sensors over non-optical sensors are primarily boosting the growth of the market. Optical sensors are considered one of the advanced sensors used to measure the majority of the units such as temperature, pressure, flow, displacement, vibration, rotation, force and many others. The advanced technologies such as robotics and autonomous vehicles use optical sensors for efficient working of the system. Thus, continuous development in the optical sensors technologies is in trend and it will provide huge application opportunities in the near future. Goldstein Research analyst forecast that the global optical sensors market is set to harness market revenue of USD 5.0 billion by 2025 growing at a CAGR of 14.1% over the forecast period (2017-2025).

Global Optical Sensors Market Segmentation

By Technology

• Hyper Spectral Imaging
• Near IR Spectroscopy
• Photo-acoustic Tomography

By Optical Sensors Type

• Image sensors
• Position sensors
• Fiber-optic sensors
• Infrared sensors
• Ambient light and proximity sensors

Based on optical sensors type, image sensors segment accounted for the largest market share of 40% due to its high use at the hospitals, automobile industry among others that contribute to high revenue generation to the optical sensors market.

By End-User

• Healthcare Industry
• Aerospace and Defense Sector
• Automobile Industry
• Others

By Geography

• North America (U.S. & Canada) Optical Sensors Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America) Optical Sensors Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe) Optical Sensors Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia) Optical Sensors Market {Market Share (%), Market Size (USD Billion)}
• The Middle East & Africa (GCC, South Africa, North Africa, Romea) Optical Sensors Market {Market Share (%), Market Size (USD Billion)}

Based on geography, North America region accounted for the largest revenue share of 38.2% in 2017 of the global optical sensors market on the back of high automation and advancement across the multiple industries. The Asia Pacific is closely followed by North America due to immense growth opportunities in the region in terms of technology and innovation. 

Covered In This Global Optical Sensors Market Report

The report covers the present ground scenario and the future growth prospects of the optical sensors market for 2017-2025 along with the market players’ analysis. The market size and revenue share have been calculated on the basis of revenue generated from major players in the global region.

Global Optical Sensors Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Global optical sensors market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Optical Sensors Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our global optical sensors market report comprises of the following companies as the key players: Honeywell International, Inc., NXP Semiconductors N.V., Qualcomm Technologies, Inc., STMicroelectronics N.V., NXP Semiconductors N.V., Robert Bosch GmbH, Hewlett Packard Enterprise Development LP, Atmel Corporation, Johnson controls international PLC, Taiwan Semiconductor Manufacturing Company Limited, SMIC, Texas Instruments Inc., Sony Corporation, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the optical sensors market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Optical Sensors Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for global optical sensors market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects.