Asia Pacific Optical Sensor Market to Cross USD 16.5 Bn by 2026

1. Asia Pacific Optical Sensor Market to grow at 11.5% CAGR till 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. Asia Pacific Optical Sensor Market will grow at a substantial rate in the coming years, thanks to the rapid rise in demand for consumer electronics in the region. In fact, the regional industry will be worth more than $16.5 billion in valuation during the forecast period of 2020-2026. Several devices like laptops, smartphones and tablets use optical sensors to help them carry out various functions like gesture recognition, motion detection and heightened device security. Advanced technologies like facial recognition are gaining rapid momentum in demand among consumers because it provides additional protection to the smartphone from unauthorized access. This has ultimately increased the demand for optical sensors in Asia Pacific consumer electronics sector. While there are several types of optical sensor market available in industry, the use of image sensors will increase in the future. This segment of optical sensor market in Asia Pacific will witness a CAGR of 12% throughout the forecast timeline. These sensors are being used in various high-end technologies like Advanced Driver Assistance Systems (ADAS) and unmanned driving system. High-tech features like 360-degree surround view, park assist and Automated Emergency Braking (AEB) use image sensors as they are quite effective in monitoring and controlling the overall movement of the vehicle. There are many leading companies that are even introducing the concept of HD image sensors to help drivers get clearer images while parking their cars. The detectors help the owners control their vehicle’s movements. Some of the leading organizations involved in the production of optical sensor market in Asia Pacific are OmniVision Technologies Inc., Keyence Corporation, ON Semiconductor Corporation, ROHM Co.Ltd. among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Get sample copy of this research report @ https://bit.ly/3yFbjEn The healthcare sector will create consistent demand for optical sensors in Asia Pacific region during the mentioned forecast timeframe. This segment alone grabbed nearly 10% of regional optical sensor market share in 2019 and is expected to grow at over 7% CAGR through 2026. Optical sensors have become an important part of different medical devices and are quite helpful in monitoring the health status of a patient. The COVID-19 pandemic has only increased the demand for these sensors as they are used in various instruments like pulse-oximeters, contactless temperature reading meters, optical pyrometers and many others. Optical sensor market in Taiwan will grow at a CAGR of 7% between 2020-2026. One of the major reasons for this is the support received from the Taiwanese government in the form of favorable policies to support the development of consumer electronics and semiconductor industries. The government announced a subsidy scheme worth $334 million in June 2020 to encourage foreign semiconductor manufacturers to set up their chip manufacturing plants in the country. The authorities in Taiwan aim to cut down nearly 50% of the overall costs incurred by foreign companies in conducting their research and development activities, provided they choose to set up their manufacturing plants in the country. The concept of smart factories will expand Asia Pacific optical sensor market size. These factories use advanced technologies like automation and robotics on a large scale in the form of collaborative robots, automated production lines and conveyer monitoring systems. Request for customization @ https://bit.ly/3IjORVJ ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. Optical sensors help in controlling and monitoring the operations of modern factories which has prompted governments across the region to introduce incentives and provide adequate funding in this regard. The government of South Korea announced an investment of nearly $414 million to help establish smart factories in the country. These efforts are being taken with the aim of encouraging domestic manufacturing. • Segmentation of Asia Pacific Optical Sensor Market: • Asia Pacific Market, By Product • Photoelectric sensors • Through beam • Retro-reflective • Diffuse • Ambient and proximity light sensors • Image sensors • CMOS • CCD • Fiber optics sensors • Extrinsic • Intrinsic ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. Asia Pacific Market, By Application • Consumer electronics • Industrial • Automotive & transportation • Food & beverage • Medical • Others • The above information has been provided for the following countries: • Asia Pacific • China • India • Japan • South Korea • Taiwan ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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