Ambient Light Sensor Market Market Trends

  • Report ID: 6779
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Ambient Light Sensor Market Market Trends

Growth Drivers

  • Diverse application of sensors: The versatile usage of these devices has propelled the demand in the ambient light sensor market. Various industries and product categories are contributing to the surge due to multiple applications of these sensors in their businesses. Manufacturing smart appliances such as smartphones and wearables is one of the major fields of users, driving demand in this sector. For instance, in January 2019, Ams-OSRAM launched TCS3701, an RGB light, and IR proximity sensor IC to measure the intensity of ambient light from behind an OLED screen. The optical sensor is built to support the maximized use of smartphone display area by eliminating front-facing bezels.
  • Advancement in technology: The ongoing development in technology is propelling the growth of the ambient light sensor market. Continuous improvements are being made by leaders to deliver more compact and energy-efficient sensors. For instance, in October 2021, Ams-OSRAM launched an ultra-small ambient light sensor, TSL2585 for wearable and mobile devices. The compact model supports UV-A radiation detection and accurate ambient light sensing by utilizing its high-sensitivity photopic and IR channels. Such innovative features in devices due to integrating these sensors are now making them more attractive for a variety of applications. 

Challenges

  • Concern about energy efficiency: High power consumption may become a critical issue in optimum implementation in the ambient light sensor market. Though these devices are made for optimizing energy usage, their operation still consumes power. This further pushes the manufacturers to develop sensors with more energy efficiency to prevent power loss. Designing such tools without compromising their accuracy and performance may become a challenge for companies.
  • Lack of adoption due to cost sensitivity: The cost of deploying these tools may raise difficulty for small-sized industries to invest in the ambient light sensor market. The production of sensors with advanced features is expensive, limiting the adoption in low-cost devices. In addition, the complexity of integrating these devices requires skilled professionals to obtain optimum effectiveness. This may result in additional expenses in the budget for manufacturing in the consumer electronics and automotive sectors.

Ambient Light Sensor Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

10.6%

Base Year Market Size (2024)

USD 846.5 million

Forecast Year Market Size (2037)

USD 2.83 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Abhishek Verma


  • Report ID: 6779
  • Published Date: Dec 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the ambient light sensor market was over USD 846.5 million.

The market size for the ambient light sensor market is projected to reach USD 2.83 billion by the end of 2037 expanding at a CAGR of 10.6% during the forecast period i.e., between 2025-2037.

The major players in the market are Ams-OSRAM AG, Acuity Brands, Inc., Broadcom Ltd., ON Semiconductor Corporation, Panasonic Corporation, Renesas Electronics Corporation, ROHM Co., Ltd., STMicroelectronics N.V., Texas Instruments Incorporated, and Vishay Intertechnology, Inc., and others.

In terms of applications, the automotive segment is anticipated to garner the largest market share of 44.7% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 38.2% by the end of 2037 and provide more business opportunities in the future.
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