Optical Sensing Market Size & Share, by Application (Military and Law Enforcement, Night Vision Cameras, Biometrics, Biological Sensing, Chemical Sensing); Method (Extrinsic Sensors, Intrinsic Sensors); Operations (Displacement Sensing, Temperature Sensing, Pressure Sensing, Vibration Sensing); Technology (Laser Doppler Velocimetry, Fiber Braggs Grating, Fabry-Perot Interferometers, Spectroscopy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3253
  • Published Date: Aug 21, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Optical Sensing Market size is poised to reach USD 11 Billion by the end of 2035, growing at a CAGR of 16.50% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of optical sensing was USD 2 Billion. The reason behind the growth is impelled by the growing electronics sector. This would significantly increase the demand for optical sensing technologies since optical sensors can be easily miniaturized which makes them suitable for miniaturized electronics. The global consumer electronics industry is anticipated to increase by more than 2% between 2023 and 2028, reaching a market size of over USD 1150 billion.

The growing adoption of minimally invasive procedures are believed to fuel the optical sensing market. As a safe and efficient procedure and owing to several technical developments, minimally invasive surgery first gained popularity among surgeons and patients. Moreover, the major advantages of minimally invasive surgery include smaller and fewer incisions, a less painful recovery, and more accuracy than open surgery.

Optical sensing technologies assist doctors in reducing patient recovery time and performing procedures accurately by providing real-time visualization of internal structures.


Optical Sensing Market
Get more information on this report: Request Free Sample PDF

Optical Sensing Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Industrial Activities – The manufacturing process now heavily relies on optical sensors for various purposes such as process monitoring and quality control in manufacturing processes.Global industrial production in 2023 increased by more than 0.1% from the same month in the previous year, excluding the United States.
  • Growing Demand for Solar Energy – It is expected that the rise in demand for power generation is expected to drive optical sensing market growth. Optical sensing technologies are used for monitoring and controlling solar energy. For instance, fiber Bragg grating (FBG) sensors are a popular and emerging optical sensing technique to track the temperature of solar panels.More than 250 TWh of electricity was generated by solar PV in 2022, an increase of over 25% from 2021.

Challenges

  • High Cost of Manufacturing – Optical sensing technologies may involve complex designs which can be expensive to develop. This may limit their production in areas with limited financial resources.

  • Lack of Standardization
  • Privacy and Security Issues

Optical Sensing Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~16.50%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 11 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Optical Sensing Segmentation

Type (Image Sensors, Fiber Optic Sensors, Ambient Light Sensors, Position Sensors)

The image sensor segment in the optical sensing market is estimated to gain a robust revenue share of 30% in the coming years owing to the growing demand for medical imaging devices. Medical imaging is a very significant part of medical equipment used in hospitals, and sensor technology has an impact on the accuracy of imaging data.

Moreover, image sensor technologies, such as charge-coupled devices (CCD) image sensors, have gained immense popularity in digital medical imaging as they offer unprecedented accuracy in uses ranging from diagnosis to cutting-edge surgical procedures.

Technology (Fiber Braggs Grating, Spectroscopy, Laser Doppler Velocimetry, Fabry-Perot Interferometers)

Optical sensing market from the laser doppler velocimetry segment is set to garner a notable share shortly on the account of growing demand in automotive industry. Laser Doppler Velocimetry (LDV) is a technique that can be used to provide the true velocity over the ground of a vehicle, and can also be used to measure the vehicle's altitude. Besides this, the vehicle velocity is measured using a laser doppler velocimeter (LDV) with an increased signal-to-noise ratio (SNR), and it is laser-based, high-precision technology that can also enhance the performance of vehicle navigation.

Our in-depth analysis of the global optical sensing market includes the following segments:

        Method

  • Extrinsic Sensors
  •  Intrinsic Sensors

         End-User

  • Aerospace and Defense
  •  Utilities
  •  Construction
  •  Chemical
  • Oil and Gas
  • Consumer Electronics

         Application

  • Military and Law Enforcement
  • Night Vision Cameras
  •  Biometrics
  • Partial Discharge Detection
  • Biological Sensing
  •  Chemical Sensing

         Operations

  • Displacement Sensing
  • Temperature Sensing
  •  Pressure Sensing
  • Vibration Sensing

        Type

  • Image Sensors
  •  Fiber Optic Sensors
  •  Ambient Light Sensors
  •  Position Sensors

         Technology

  • Laser Doppler Velocimetry
  •  Fiber Braggs Grating
  •  Fabry-Perot Interferometers
  • Spectroscopy

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Optical Sensing Industry- Regional Synopsis

North American Market Forecast

Optical sensing market in North America is predicted to account for the largest share of 32% by 2035 impelled by growing spending in healthcare. This has created more demand for optical sensing in the region since it is used in various medical applications such as endoscopy, fluorescence spectroscopy, and biomedical optics.

In 2021, the United States spent over 2% more on health care, amounting to roughly USD 4 trillion per person.

European Market Statistics

The Europe optical sensing market is estimated to be the second largest, during the forecast timeframe led by increasing focus on sustainability. One of the fundamental tenets of the Treaty on European Union is sustainable development, and the country has implemented several regulations to achieve its 2030 goal of over 50% reduction in net emissions from 1990 levels. As a result, there is an increase in demand for optical sensing in the region as it supports remote patient monitoring which reduces the need for travel, leading to a more sustainable healthcare system.

Research Nester
Optical Sensing Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Optical Sensing Landscape

top-features-companies
    • ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ROHM Semiconductor
    • TE Connectivity Ltd.
    • Fairchild Semiconductor
    • Hamamatsu Photonics K.K.
    • AMS AG
    • Vishay Intertechnology, Inc.
    • Alphasense
    • Analog Devices, Inc.
    • Texas Instruments Inc.
    • Stmicroelectronics N.V.

In-the-news

In The News

  • TE Connectivity Ltd. acquired First Sensor AG to provide an even broader product range that supports the growth goal of TE's sensors business and TE Connectivity as a whole, including cutting-edge, market-leading sensors, and to deliver superior product innovation and customer service.
  • AMS AG introduced CMOS Global Shutter Sensor (CGSS) Near Infrared (NIR) image sensor CGSS130 which enables 3D optical sensing applications, and also enables manufacturers to extend battery run-time in mobile devices.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 3253
  • Published Date: Aug 21, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing electronics sector and the growing popularity of minimally invasive procedures are the major factors driving the growth of the market.

The market size of Optical Sensing is anticipated to attain a CAGR of 16.50% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Enfucell Oy, STMicroelectronics International N.V., LG Chem, Ltd., Cymbet Corporation, Imprint Energy Inc, Jenax Inc., Samsung SDI Co., Ltd., Excellatron Solid State, LLC, and others.

The image sensor segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Optical Sensors Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying