Light Sensor Market

1
Global Light Sensor market valued USD 1.30
Billion in 2019
2
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. Increasing implementation of light
sensors in electronic consumer products such as
smartphones, tablets, digital displays, and
televisions and continuing technological
advancements in the consumer electronics industry
are contributing factors boosting the market
growth. Light sensors also assist in reducing
power consumption and are cost-efficient.
3
Increasing smartphone adoption and technological
advancement stimulate the market with significant
growth rate during the forecast period 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. Due to the growing
use of smartphones, manufacturers are
incorporating light sensors in their devices to
provide brightness control features, which
further support minimizing the power consumption
and increase the battery run-time. Hence, the
rising adoption of smartphones is driving the
demand for light sensors, globally. Read
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sor-market-bwc20021