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.
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.
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.
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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.
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.