[August 27, 2018]

Global Optical Sensors Market to Reach $26.88 Billion by 2023 - ResearchAndMarkets.com

The "Global Optical Sensors Market - Segmented by Technology, Sensor Type, Optocouplers, Application (Commercial, Consumer Electronics, Medical, Automotive, Industrial, and Aerospace & Defense), and Region - Growth, Trends, And Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global optical sensor market was worth USD 17.42 billion in 2017 and is projected it to grow to USD 26.88 billion by 2023 at a CAGR of 7.5% over the forecast period (2018-2023).

The global optical sensors market is expected to grow at a steady pace over the forecast period. This growth is due to the advancements in mobile technology resulting in new features and models. These advancements are expected to change the scenario for silicon technology as well.

Moreover, the need for power-saving technologies is also changing the market, with companies shifting their focus toward the silicon technology.

The optical sensors market is also witnessing the development of sensors for niche, yet specific applicatins, including diffused device with intensity difference to detect the presence of filters in coffee capsules, and laser distance sensors for measuring the thickness of medicinal capsules.

Key Highlights

• Increasing Penetration of Automation Techniques across Industries
• Advancements in Hyper Spectral Imaging to Augment the Growth
• Growth in Fiber Optic Sensors Segment to Drive the Market

Notable Developments in the Market

• ROHM (News - Alert) announced the market availability of an optical sensor for heart rate monitoring optimized for wearable devices, such as sports bands and smart watches.
• AOMS Technologies Inc. announced the deployment of its patented fiber optic sensing technology (AOMS-FOS) for monitoring of soil and groundwater during In-Situ Thermal Remediation (ISTR) projects in Europe.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Optical Sensors Market Segmentation

6. Competitive Intelligence - Company Profiles

• ON Semiconductor
• Microchip Technology Inc.
• Eaton (News - Alert) Corporation PLC
• Honeywell International Inc.
• Omnivision Technologies Inc.
• Pepperl+Fuchs International
• Rockwell Automation Inc.
• Sick AG
• STEINEL
• STMicroelectronics (News - Alert)
• Texas Instruments Inc.

7. Investment Analysis

8. Future Outlook of Optical Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/6bgn6f/global_optical?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180827005321/en/

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