The global Light Sensor Market register market size of USD 1.30 Billion in 2019 and anticpated to reach USD 2.26 Billion by 2026 with a significant CAGR of 7.86% during the forecast period 2020-2026. The major factors boosting the demand for these sensors is increasing consumption of consumer electronics and the trend concerning renewable energy. The miniaturization of these sensors will further increase their demand.
Increasing implementation in sectors such as consumer electronics, automotive, building automation, etc., the growing adoption of smart homes and rising implementation of light sensors in smartphones and laptops are some of the factors driving the growth of the market. Escalating demand for light sensors in different applications such as automotive, smart building and homes, and outdoor lighting applications is fueling to the growth of the global light sensor market.
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Increasing implementation of light sensors in several consumer electronics such as smartphones, tablets, and the rising adoption of portable smart devices are fueling the Light Sensor market growth globally. With the increasing population and growing digitization, the demand for smartphones is accelerating across the world, particularly in developing economies such as China and India. For instance, in 2018, the Indian smartphone market witnessed a growth of 14.5% from the previous year.
The Asia Pacific is projected to register the fastest growth in the global Light Sensor market owing to the rising demand for ambient light sensors in the consumer electronics segment. The increasing popularity of smart home appliances is another key factor driving the growth of the ambient light sensor market in the region. The growing usage of advanced electronics equipment in medical devices, availability of wide-ranging electronic products, manufacturing, and other applications, and continuing technological advancements are contributing to the growth of the region. Moreover, the large number of market players and constant technological innovations are expected to drive the light sensor market in upcoming years.
Ambient light sensors react to the outside light and adjust according to the human eye. These sensors firmly rely on the outside environment for adjusting themselves as per the changing lighting conditions. Ambient light sensors are essentially used for backlighting controls for display devices. They are generally used to adjust the display brightness of a specific device based on the brightness of the outside environment.
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The increasing demand for energy-efficient solutions is the key factor driving the growth of ambient light sensor segment. Growing demand for ambient light sensors in smartphones and other consumer electronics is another relevant factor driving the growth of the ambient light sensor market. The rising adoption of ambient light sensors in the automotive sector is also contributing to the growth of the ambient light sensor market.
Ambient light sensors react to the outside light and adjust according to the human eye. These sensors firmly rely on the outside environment for adjusting themselves as per the changing lighting conditions. Ambient light sensors are essentially used for backlighting controls for display devices.
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