Global Light Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Light Sensors Market is expected to reach a CAGR of 9.1% over the forecast period. The factors driving the light sensors market include the growing implementation of light sensor functions in consumer electronics, such as smartphones and tablets. Also, advancements in the automotive sector, smart homes, and outdoor lighting are expected to boost the growth of the light sensors market. An increase in demand for sensors in the development of smart cities and a surge in IoT technology is also expected to fuel the growth of the light sensors market.
Key HighlightsThe light sensors market is fragmented, due to many large and small players churning the competition in the market. Through product and technology launches, strategic partnerships, acquisitions, expansions, and collaborations, these players are trying to gain a competitive edge in the market.
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