Optical Sensors Market Size, Share & Trends Analysis Report By Type (Extrinsic Sensor, Intrinsic Sensor), By Sensor Type (Fiber Optic Sensor, Photoelectric Sensor), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030

Optical Sensors Market Size, Share & Trends Analysis Report By Type (Extrinsic Sensor, Intrinsic Sensor), By Sensor Type (Fiber Optic Sensor, Photoelectric Sensor), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030


Optical Sensors Market Growth & Trends

The global optical sensors market size is anticipated to reach USD 54.83 billion by 2030, registering a CAGR of 11.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Factors such as the rising adoption of automation in various industries and growing demand for consumer electronics products such as smartphones, laptops, & wearable smart devices are driving market growth. Moreover, the increasing demand for optical sensors in consumer electronics, healthcare, automotive, and aerospace & defense industries presents significant growth opportunities for the market.

Robots now perform various duties in electronics, industrial, and automobile manufacturing industries. Industrial robots use many sensors for excellent manipulation and control in industrial automation manufacturing techniques. The sensors enable it to respond to its surroundings flexibly, and cutting-edge sensor technology raises its IQ to new heights. Sensor technology is a critical applied science for industrial robots.

The growing use of industrial robots is expected to drive the optical sensors industry. For instance, India set a new installation record for industrial robots, reaching 4,945 units, marking a 54% surge compared to the prior year (3,215 units in 2020). It places India at the tenth position globally for annual installations, as the International Federation of Robotics (IFR) reported in their World Robotics report.

Optical Sensors Market Report Highlights
  • Based on type, intrinsic sensors dominated the market with a 55.0% share in 2023. A rising trend involves combining intrinsic sensors with emerging technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI). This integration aims to facilitate broader and smarter data analysis across various industries for diverse applications
  • Based on sensor type, biomedical sensors are expected to grow at the fastest CAGR over the forecast period. Wearable sensors have been increasingly used in monitoring health indicators like pulse rate, ECG, heart rate, blood pressure, and body temperature. Their application includes personalized medicine and the identification of cancer biomarkers across various diseases
  • Based on application, the temperature sensing segment held a significant market share in 2023. Temperature sensors have applications in different sectors, including healthcare, automotive, food, and industrial. The most common applications for body temperature sensors are measuring skin temperature, forehead temperature, or ear temperature
  • Asia Pacific dominated the market and accounted for a 40.9% share in 2023. Expansion in automotive sales and technological advancement in consumer electronics in the Asia Pacific region is expected to fuel the market growth. The region has a rising demand for products like smartphones, tablets, PCs, and smartwatches. In the first quarter of 2022, India witnessed a surge of 48% in PC shipments, reaching an exceptional 5.8 million units
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Optical Sensors Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.1.1. Surge in the automotive sector
3.4.1.2. Increasing adoption of industrial automation
3.4.2. Market Restraints Analysis
3.4.2.1. Initial high cost of set up
3.4.3. Industry Opportunities
3.4.4. Industry Challenges
3.5. Optical Sensors Market Analysis Tools
3.5.1. Porter’s Analysis
3.5.1.1. Bargaining power of the suppliers
3.5.1.2. Bargaining power of the buyers
3.5.1.3. Threats of substitution
3.5.1.4. Threats from new entrants
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Economic and Social landscape
3.5.2.3. Technological landscape
3.5.2.4. Environmental landscape
3.5.2.5. Legal landscape
Chapter 4. Optical Sensors Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Optical Sensors Market: Type Movement Analysis, 2023 & 2030 (USD Million)
4.3. Extrinsic Sensor
4.3.1. Extrinsic sensor market revenue estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Intrinsic Sensor
4.4.1. Intrinsic sensor market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Optical Sensors Market: Sensor Type Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Optical Sensors Market: Sensor Type Movement Analysis, 2023 & 2030 (USD Million)
5.3. Fiber Optic Sensor
5.3.1. Fiber optic sensor market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Photoelectric Sensor
5.4.1. Photoelectric sensor market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Optical Temperature Sensors
5.5.1. Optical temperature sensors market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.6. Biomedical Sensors
5.6.1. Biomedical sensors market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.7. Displacement & Position Sensors
5.7.1. Displacement & position sensors market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.8. Point Sensors
5.8.1. Point sensors market revenue estimates and forecasts, 2018 - 2030 (USD Million)
5.9. Others
5.9.1. Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Optical Sensors Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Optical Sensors Market: Application Movement Analysis, 2023 & 2030 (USD Million)
6.3. Pressure & Strain Sensing
6.3.1. Pressure & strain sensing market revenue estimates and forecasts, 2018 - 2030 (USD Million)
6.4. Temperature Sensing
6.4.1. Temperature sensing market revenue estimates and forecasts, 2018 - 2030 (USD Million)
6.5. Geological Survey
6.5.1. Geological survey market revenue estimates and forecasts, 2018 - 2030 (USD Million)
6.6. Biometric
6.6.1. Biometric market revenue estimates and forecasts, 2018 - 2030 (USD Million)
6.7. Others
6.7.1. Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Optical Sensors Market: End-use Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Optical Sensors Market: End-use Movement Analysis, 2023 & 2030 (USD Million)
7.3. Healthcare
7.3.1. Healthcare market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.4. Consumer Electronics
7.4.1. Consumer electronics market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.5. Energy & Utility
7.5.1. Energy & utility market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.6. Aerospace & Defense
7.6.1. Aerospace & defense market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.7. Automotive & Transportation
7.7.1. Automotive & transportation market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.8. Manufacturing
7.8.1. Manufacturing market revenue estimates and forecasts, 2018 - 2030 (USD Million)
7.9. Others
7.9.1. Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Optical Sensors Market: Regional Estimates & Trend Analysis
8.1. Optical Sensors Market Share, By Region, 2023 & 2030 (USD Million)
8.2. North America
8.2.1. North America optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. U.S. optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.2.3. Canada
8.2.3.1. Canada optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3. Europe
8.3.1. Europe optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.2. UK
8.3.2.1. UK optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.3. Germany
8.3.3.1. Germany optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.4. France
8.3.4.1. France optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.5. Italy
8.3.5.1. Italy optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.6. Spain
8.3.6.1. Spain optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.3.7. Netherlands
8.3.7.1. Netherlands optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
8.4.1. Asia Pacific optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4.2. China
8.4.2.1. China optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4.3. Japan
8.4.3.1. Japan optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4.4. India
8.4.4.1. India optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4.5. South Korea
8.4.5.1. South Korea optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.4.6. Australia
8.4.6.1. Australia optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
8.5.1. Latin America optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.5.2. Brazil
8.5.2.1. Brazil optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.5.3. Mexico
8.5.3.1. Mexico optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.5.4. Argentina
8.5.4.1. Argentina optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.6.2. Saudi Arabia
8.6.2.1. Saudi Arabia optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.6.3. UAE
8.6.3.1. UAE optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
8.6.4. South Africa
8.6.4.1. South Africa optical sensors market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Market Positioning
9.4. Company Market Share Analysis
9.5. Company Heat Map Analysis
9.6. Strategy Mapping
9.6.1. Expansion
9.6.2. Mergers & acquisition
9.6.3. Partnerships & collaborations
9.6.4. New product launches
9.6.5. Research and development
9.7. Company Profiles
9.7.1. ams-OSRAM AG
9.7.1.1. Participant’s overview
9.7.1.2. Financial performance
9.7.1.3. Product benchmarking
9.7.1.4. Recent developments/ strategic initiatives
9.7.2. Semiconductor Components Industries, LLC
9.7.2.1. Participant’s overview
9.7.2.2. Financial performance
9.7.2.3. Product benchmarking
9.7.2.4. Recent developments/ strategic initiatives
9.7.3. TOSHIBA CORPORATION
9.7.3.1. Participant’s overview
9.7.3.2. Financial performance
9.7.3.3. Product benchmarking
9.7.3.4. Recent developments/ strategic initiatives
9.7.4. Texas Instruments Incorporated
9.7.4.1. Participant’s overview
9.7.4.2. Financial performance
9.7.4.3. Product benchmarking
9.7.4.4. Recent developments/ strategic initiatives
9.7.5. Renesas Electronics Corporation
9.7.5.1. Participant’s overview
9.7.5.2. Financial performance
9.7.5.3. Product benchmarking
9.7.5.4. Recent developments/ strategic initiatives
9.7.6. ROHM CO., LTD
9.7.6.1. Participant’s overview
9.7.6.2. Financial performance
9.7.6.3. Product benchmarking
9.7.6.4. Recent developments/ strategic initiatives
9.7.7. STMicroelectronics
9.7.7.1. Participant’s overview
9.7.7.2. Financial performance
9.7.7.3. Product benchmarking
9.7.7.4. Recent developments/ strategic initiatives
9.7.8. Rockwell Automation
9.7.8.1. Participant’s overview
9.7.8.2. Financial performance
9.7.8.3. Product benchmarking
9.7.8.4. Recent developments/ strategic initiatives
9.7.9. SICK AG
9.7.9.1. Participant’s overview
9.7.9.2. Financial performance
9.7.9.3. Product benchmarking
9.7.9.4. Recent developments/ strategic initiatives
9.7.10. Vishay Intertechnology, Inc
9.7.10.1. Participant’s overview
9.7.10.2. Financial performance
9.7.10.3. Product benchmarking
9.7.10.4. Recent developments/ strategic initiatives
9.7.11. Honeywell International Inc.
9.7.11.1. Participant’s overview
9.7.11.2. Financial performance
9.7.11.3. Product benchmarking
9.7.11.4. Recent developments/ strategic initiatives
9.7.12. ifm electronic gmbh
9.7.12.1. Participant’s overview
9.7.12.2. Financial performance
9.7.12.3. Product benchmarking
9.7.12.4. Recent developments/ strategic initiatives
9.7.13. KEYENCE CORPORATION
9.7.13.1. Participant’s overview
9.7.13.2. Financial performance
9.7.13.3. Product benchmarking
9.7.13.4. Recent developments/ strategic initiatives
9.7.14. Cisco Systems, Inc.
9.7.14.1. Participant’s overview
9.7.14.2. Financial performance
9.7.14.3. Product benchmarking
9.7.14.4. Recent developments/ strategic initiatives
9.7.15. Amphenol Corporation
9.7.15.1. Participant’s overview
9.7.15.2. Financial performance
9.7.15.3. Product benchmarking
9.7.15.4. Recent developments/ strategic initiatives

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