How Are Smart City Projects Steering Light Sensor Demand?

In recent years, light sensor manufacturers have launched a plethora of products to improve their portfolio and lure more customers. For example, in October 2019, ams AG introduced the TCS3408 color sensor, which can detect photometric flicker and measure the brightness and identify the color of ambient light.

Other manufacturers engaging in such strategic measures include Panasonic Corporation, Maxim Integrated Products Inc., STMicroelectronics N.V., ROHM Co. Ltd., Everlight Electronics Co. Ltd., Vishay Intertechnology Inc., Broadcom Inc., Sharp Corporation, and Texas Instruments Incorporated.

Globally, the Asia-Pacific (APAC) region accounted for the largest share in the light sensor market during the historical period (2014–2019) due to the expanding automotive sector, mounting demand for consumer electronics, and increasing population of the regional countries, such as India and China.

The automobile industry of the region is primarily driven by the burgeoning sales of electric vehicles (EVs) in China and Japan, owing to the strong government support being provided toward the EV sector. Light sensors are deployed in light control and parking assistance systems of EVs as light-sensing is essential for them.

Thus, the increasing construction of smart cities and the rising penetration of consumer electronics will augment the global production of light sensors in the near future. This market research report provides a comprehensive overview of the market
  • The 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
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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