Optical Sensors Market Forecast (2015 - 2020)
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Optical Sensors Market Forecast (2015 - 2020)
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Optical Sensors Market Analysis: By Types (Position, Light, Image,
Photoelectric, Photodetectors, Motion); Verticals (Material Handling, Building Automation, Manufacturing, Packaging, Security & Surveillance) - With Forecast (2015-2020)
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Optical Sensors Market Forecast (2015 - 2020)
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Optical Sensors Market Overview Optical sensors are electronic detectors which work on the presence or absence of light or infrared rays and convert the same into an electronic signal. Usually they are part of a much larger system where this electronic signal is interpreted or analyzed in different ways to produce a result like presence of a person, capturing an image, movement of an object or position of an object and so on.
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Optical Sensors Market Forecast (2015 - 2020)
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Optical Sensors Market Estimations The Global Optical Sensors Market is predicted to grow at 9.81% CAGR and reach a Market Size of $34 Billion by 2020 in the forecast period of 2015-2020 according to the Market Report by IndustryARC. The Image Sensors Market alone is estimated to grow at 11% CAGR with CMOS sensors occupying more than 90% share.
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Optical Sensors Market Forecast (2015 - 2020)
Optical Sensors Market Driving Factors The Global Optical Sensor Market is rapidly growing across the globe due to the increase in demand for the handheld devices like tablets and smart phones. Smart phones and Tablets are the key growth contributors and as long as the market persists there will be increase in demand for optical sensors like light and proximity sensors. On the other hand image sensor market is skyrocketing compared to other sensors as it’s very widely used.
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Optical Sensors Market Forecast (2015 - 2020)
Optical Sensors Market Driving Factors ď ś The global automation industry, particularly the process automation and industry is growing at around 6.3% and they are the primary growth drivers for the global optical sensors market. Increasing use of automation in different industry verticals like food and beverage, chemicals, petrochemicals, paper and pulp, packaging drives the need for installation of products or hardware which uses optical sensors on a larger scale. ď ś The major trend driving the global Optical sensor market is miniaturization and improved communication capabilities, which enables their integration into various devices and machines without compromising other functionalities.
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Optical Sensors Market Forecast (2015 - 2020)
Optical Sensors Market Growth and Trends The Global Optical Sensor Market is slated to grow at 9.81% CAGR year on year for next 5 years to reach $34billion by 2020. According to IndustryARC research, Image Sensors has been successful in going viral from cameras to medical applications. This wide and growing demand for image sensors is making it the largest segment in the optical sensor industry. North America is the leading market for sensors globally, with the U.S. being the major market in the region. Asia Pacific region is one of the fastest growing regions for sensor market, on account of increasing adoption of smartphones.
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Optical Sensors Market Forecast (2015 - 2020)
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Optical Sensors Market Segmentation Optical Sensors Market is broadly segmented into 3 broad types based on few factors: By Product Type: Position Sensors, Light Sensors, Image Sensors, Photoelectric Sensors, Photo detectors, Safety Sensors, Motion Sensors and IR Detectors. By End Use Verticals: Automotive, Aerospace, Chemical, Building, F&B, Packaging, Paper & Print, Security & Surveillance, Manufacturing and Others.
By Geography: Americas, Europe, APAC and ROW.
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Optical Sensors Market Forecast (2015 - 2020)
Key Market Players of Optical Sensors Market The Key Players in the Optical Sensors Market are: OmniVision Technologies, Ltd., Aptina Imaging Corporation, Samsung Electronics Co., Ltd., Sony Corporation Toshiba Corporation.
The report on the Optical Sensors Market by IndustryARC provides a complete list of Key Players with their Product Portfolios, Financials and SWOT Analysis.
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1. Get a top down Estimate of the market
2. Validating all factors in terms of their present impact on the market.
2. Follow it up with a bottom up estimate of the market.
3. Assigning weights to these factors in terms or their relevance & impact on the market. 4. Build the
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3. Check for consistency and new growth factors that that are relevant over the next 10 Years 4. Build the
Base model
Delphi Verification
1. Verify the findings of the model with experts from across the value chain.
1. Granular breakdown of drivers into factors 2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms of their relevance & impact on the market. 4. Build the
Consolidated Model
ARC Model
1.Granular breakdown of the drivers into factors
Consolidation ConsolidatedMethod Model
Consolidated Model
Base BaseMethod Model
Base Model
Analytical Model
Analytical Method
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ARC Model
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