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Global Light Sensor Market 2016 - Industry to grow at a CAGR of 8.25% during the forecast period 2016-2020

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Published on : Sep 27, 2016

ALBANY, New York, September 27, 2016: ResearchMoz.us has announced the addition of a new report to its repository. The report is titled, “Global Light Sensors Market 2016-2020.”  The study presents a detailed analysis of the trends prevalent in the light sensors market at the global and the regional level. It also presents a detailed explanation of the strategies, shares, and products of the key players in the global light sensors market. 

Furthermore, the report also provides information about the volume and revenue growth projected for all the segments and the regions. It presents insights into the historical growth trajectory coupled with the present scenario of the market and the future growth prospects. The competitive landscape in the global light sensors market has been analyzed and the chances for the entry of new players have also been outlined in the report. 

According to the report, the global light sensors market is projected to expand at a CAGR of 8% during the forecast period of 2016-2020. The growth of the global light sensors market can be attributed to the penetration of consumer electronic products such as tablets and smartphones across the world. The high use of electronic devices negatively impacts the battery life of the devices. Light sensors enable power saving in electronic devices. The burgeoning need for saving power in electronic devices has impelled manufacturers to install light sensors in them. Light sensors help in the automatic adjustment of screen brightness depending upon the ambient light and thus help in reducing power consumption. 

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In portable electronic devices such as tablets and mobile phones, the LED and LCD screens consume the maximum amount of light. Light sensors are installed in such portable devices to adjust the brightness of the LED and LCD screens according to the various lighting conditions in the immediate surroundings. Moreover, light sensors can potentially reduce power consumption by approximately 30% when the device is in standby mode. The deployment of fused sensors in smart electronic devices is likely to push the growth of the global light sensors market. 

Features of fused light sensors such as decreased power consumption, better performance, and enhanced efficiency are anticipated to drive the demand for light sensors over the next couple of years. It is also efficient in improving the sound quality of computed data. Manufacturers are continuously investing in research and development projects to develop advanced light sensors to be deployed in portable electronic devices to enable augmented reality and increase context awareness. 

Geographically, the report segments the global light sensors market into Europe, the Middle East and Africa, Asia Pacific, the Americas. The study states that owing to the presence of leading mobile phone manufacturers in Asia Pacific, the region held the leading share of 54% in 2015 in the global light sensors market is further expected to maintain a lead until 2020. The key players operating in the global light sensors market are ams, Avago Technologies, ELAN Microelectronics Corporation, Everlight Electronics, Heptagon, Maxim Integrated, and Sharp, among others.

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