Optical Sensors Market Size

Optical Sensing Market size was valued at USD 2.71 billion in 2024 and is anticipated to cross USD 19.74 billion by the end of 2037, registering more than 16.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of optical sensing is estimated at USD 3.07 billion.

The reason behind the growth is impelled by the growing electronics sector. This would significantly increase the demand for optical sensing technologies since optical sensors can be easily miniaturized which makes them suitable for miniaturized electronics. The global consumer electronics industry is anticipated to increase by more than 2% between 2023 and 2028, reaching a market size of over USD 1150 billion.

The growing adoption of minimally invasive procedures are believed to fuel the optical sensing market. As a safe and efficient procedure and owing to several technical developments, minimally invasive surgery first gained popularity among surgeons and patients. Moreover, the major advantages of minimally invasive surgery include smaller and fewer incisions, a less painful recovery, and more accuracy than open surgery.

Optical sensing technologies assist doctors in reducing patient recovery time and performing procedures accurately by providing real-time visualization of internal structures.