The increasing usage of consumer electronic devices is one of the major factors propelling the demand for light sensors across the world. In various consumer electronic devices such as smartphones and tablets, several features like automatic screen brightness control require the sensing of light. 1.4 billion smartphones were sold throughout the globe in 2019 and this number is expected to increase to 1.6 billion by 2040.
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Owing to the mushrooming demand for these devices from the younger population, especially the millennials. Moreover, Due to these factors, the global light sensor market achieved a valuation of $ 1,456.2 million in 2019 and is predicted to advance at a CAGR of 9.5% during the soaring population in several countries will further boost the demand for customer electronic devices across the world. forecast period (2020–2030).
Light sensors are extensively used for proximity detection, ambient light sensing, RGB (red, green, and blue) color sensing, infrared radiation (IR) detection, and gesture recognition. Amongst these, the ambient light sensing applications are expected to record the highest This would because of the rising utility of this function in the healthcare and infrared sectors around the world.
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This market research report provides a comprehensive overview of the light sensor market
- Historical and the present size of the light sensor market
- Future potential of the market through its forecast for the period 2020–2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential