Ambient Light Sensor Market Expected to Reach $2.02 Billion, Globally, By 2032 at 10.4% CAGR: Allied Market Research
The ambient light sensor market is driven by several factors, including an increase in the demand for smartphones and consumer electronics, the surge in adoption of these sensors in automotive displays, and the development of new sensor technologies.
WILMINGTON, Del., Dec. 4, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Ambient Light Sensor Market By Output Type, and Application: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global ambient light sensor industry generated $761.04 million in 2022, and is projected to reach $2.02 billion by 2032, registering a CAGR of 10.4 % from 2023 to 2032.
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Prime Determinants of Growth
The market for ambient light sensors is expected to witness substantial expansion during the forecast period. This growth is primarily driven by factors such as an increase in the demand for smartphones and consumer electronics, as well as the growing adoption of these sensors in automotive displays. Additionally, the development of new sensor technologies is expected to further benefit the ambient light sensor market. However, low current output presents a significant restraint to the growth of the ambient light sensor market during this forecast period.
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The Digital segment is anticipated to dominate in terms of revenue during the forecast period
By output type, the digital segment accounted for nearly three-fifths of the total revenue in the global ambient light sensor industry in 2022, and it is expected to continue its dominant position throughout the forecast period. It is expected to experience the fastest CAGR of 11.49% from 2023 to 2032. The segment's remarkable growth is primarily attributed to the increasing integration of these sensors in advanced technologies. Digital ambient light sensors are essential in a wide range of applications due to their high precision, compatibility with digital systems, and adaptability in smart devices and automotive systems. This widespread applicability and technological alignment drive their significant market growth.
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The Automotive segment is projected to have the highest share by 2032
By application, the automotive segment emerged as the market leader in the global ambient light sensor market in 2022, holding one-third of the market share. Simultaneously, the same segment is projected to witness the fastest CAGR of 11.34% from 2023 to 2032. This dominance can be attributed to the increasing integration of these sensors in advanced vehicle technologies. This growth is driven by the rising demand for adaptive lighting systems, advanced driver-assistance systems (ADAS), and the progression towards autonomous vehicles. Ambient light sensors enhance safety and comfort by improving visibility and reducing glare, making them indispensable in modern automotive designs and fueling their rapid market growth.
North America garnered the major share in 2022
By region, North America dominated the ambient light sensor market revenue in 2022, representing over one-third of the global market share. This dominance is driven by its advanced technological infrastructure, robust presence of major tech & automotive companies, and rapid adoption of innovative technologies. However, the Asia-Pacific region is projected to experience the fastest CAGR of 13.16% from 2023 to 2032, due to its strong electronics manufacturing sector, significant investments in smart city projects, and rapid technological advancements in countries like China, Japan, and India.
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Leading Market Players:
The report provides a detailed analysis of these key players in the global ambient light sensor market. These players have adopted various strategies, such as product launches, new product development, and collaboration, to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
Key Industry Developments:
January 2022 - Panasonic launched a flagship OLED TV, the LZ2000. The TV is available in 55-inch, 65-inch, and 77-inch sizes. It features a new ambient light sensor that adjusts the picture quality based on the time of day. The TV also has a new Auto AI mode that detects the type of content being watched and optimizes the picture and sound quality accordingly.
October 2021 - Vishay Intertechnology launched a new AEC-Q100 qualified ambient light sensor, the VEML6031X00, designed for automotive and consumer applications requiring high sensitivity in dark environments. It offers exceptional light detection from 0 lx to 228 klux without needing correction formulas, making it ideal for applications like display backlight control, infotainment systems, and interior lighting. The VEML6031X00 caters to a wide range of markets, from automotive to telecommunications and medical industries.
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