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Asia Pacific Optical Sensor Market Forecast 2026 By Product (Photoelectric Sensors {Through Beam, Retro-Reflective, Diffuse}, Ambient & Proximity Light Sensors, Image Sensors {Complementary Metal-Oxide-Semiconductor (CMOS), Charged Coupled Device (CCD)}, Fibre Optic Sensors {Extrinsic, Intrinsic}), By Application (Consumer Electronics, Industrial, Automotive & Transportation, Food & Beverage, Medical), Research Report, Regional Outlook (China, India, Japan, South Korea, Taiwan), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: June 2021 | Publisher: Graphical Research Report ID: GR1857 | Delivery : PDF  Request Free Sample

Asia Pacific Optical Sensor Market size exceeded USD 9 billion in 2019 and is estimated to witness 11.5% growth rate from 2020 to 2026.

The market demand is propelled by the growth of the consumer electronics sector in the region. The consumer electronics devices, such as laptops, tablets, and smartphones, are being extensively integrated with optical sensors for a wide range of applications such as gesture recognition, device security, and advanced biometrics. Adding to this, the increasing demand for on-screen facial recognition systems in smartphones will fuel the adoption of optical sensors in Asia Pacific region.

Asia Pacific Market, By Product

The image sensor segment is projected to witness a growth of 12% till 2026 driven by the rising adoption of image sensors in ADAS and autonomous driving applications. The advanced automotive systems, such as park assist, 360-degree surround-view, and automated emergency braking (AEB), require image sensors for vehicle monitoring and control applications.

The market players are focusing on developing high-definition (HD) image sensors. In June 2020, OmniVision Technologies, Inc. developed an automotive image sensor that offers 140dB high dynamic range (HDR) with 1920x1280p resolution at 60 frames/sec. The new sensor has applications in camera monitoring system (CMS), surround view system (SVS), rearview camera (RVC), and e-mirrors.

Asia Pacific Market, By Application

The medical segment accounted for around 10% market share in 2019 and will expand at more than 7% through 2026. The growth is credited to the rising adoption of optical sensors in structural health monitoring, medical instruments, and biomedical R&D applications. Adding to this, the COVID-19 has increased the demand for various portable medical devices such as pulse-oximeters, optical pyrometers, contactless temperature meters, etc., which require optical sensors.

Asia Pacific Market, By Country

Asia Pacific Optical Sensor Market

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China optical sensor market is poised to grow at a CAGR of 10.5% during the forecast period impelled by the rising adoption of robotics and automation in manufacturing and process industries in the country. For instance, China accounted for the installation of 140,000 industrial robots in 2019, which were 37.6% of the total robot sales across the globe. The industrial robots are integrated with optical sensors for velocity, movement, proximity, and distance measurement applications.

Competitive Industry Landscape

Key players in the Asia Pacific market such as OmniVision Technologies, Inc., Omron Corporation, ams AG, Keyence Corporation, HAMAMATSU PHOTONICS K.K., ON Semiconductor Corporation, and ROHM Co., Ltd., among others.

Companies are focusing on new product launches to gain a competitive edge in the market. For instance, in February 2021, ams AG launched an optical sensor for proximity detection in wireless earbuds. The new sensor offers miniaturized footprint with 0.35mm sensor packaging. It offers reliable in-ear proximity detection to reduce power consumption when the earbuds are now in use.
 

Frequently Asked Question(FAQ) :

The industry size for optical sensor in Asia Pacific had attained close to USD 9 billion in 2019 and is slated to rise at an 11.5% growth rate up to 2026.
The regional market share from image sensor products is expected to see a growth of 12% up to 2026 with increasing demand from ADAS and autonomous driving applications.
Medical applications held nearly 10% of the regional industry share in 2019 and will grow at 7% rate through 2026 due to the higher need for optical sensors in structural health monitoring, medical instruments, and biomedical R&D applications.
The market size for optical sensor in China will rise at a CAGR of 10.5% over the coming years with the growing adoption of robotics and automation across the manufacturing and process verticals in the country.

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