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Optical Sensors Market size worth USD 30 billion by 2024

Optical Sensors Market size is expected to reach USD 30 billion by 2024; according to a new research report by Global Market Insights, Inc. Strong demand for precise, environmental friendly and safety systems is likely to drive global optical sensors market size from 2016 to 2024. <br><br>Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/755

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Optical Sensors Market size worth USD 30 billion by 2024

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  1. Optical Sensors Market size worth USD 30 billion by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Optical Sensors Market: • Image sensors market share accounted for more than 50% of the revenue in 2015. Increasing usage in in high-end smartphones coupled with applications such as restore recognition, 3D mapping, eye tracking etc. will drive growth across this segment. • Ambient light sensors market was valued at USD 1.75 billion in 2015. This can be attributed to escalating integration of these devices in electronic devices such as mobile phones and tablets. • Aerospace and defense sector is projected to grow at 8.2% CAGR from 2016 to 2024 due to rising demand for high detection and precision products.

  3. Continued... • Healthcare sector accounted for over 12% of the optical sensors market share in 2015. Rising acceptance of healthcare platforms for targeting obesity, stroke, depression, cardiovascular and musculoskeletal disorders will drive the demand over the forecast timeline. • Asia Pacific optical sensors market size is estimated to be valued at over USD 10 billion by 2024 owing to rising demand of consumer electronic devices including smartphones and cameras. • The industry expects major vendors to focus on technological innovation in order to consolidate share and gain a robust customer base. Major players are Sony, Samsung, Canon, and Omnivision. Mergers and acquisitions coupled with new product development are the main strategies adopted by these participants to gain competitive edge.

  4. China Optical Sensor Market size, by application, 2013-2024 (USD Million)

  5. Browse Full Market Research Report Optical Sensors Market @ http://goo.gl/exG30X Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/755

  6. 360° Analysis • Application Analysis • Aerospace & defense sector is anticipated to grow at 8.2% CAGR from 2016 to 2024, due to rising demand for superior detection capability products. Rising adoption of personal electronics including smartphones and other portable devices across emerging economies such as India and China may drive the consumer electronics segment. • Regional Analysis • Asia Pacific, mainly China, South Korea and India optical sensors market share accounted for over 30% of the revenue in 2015. Escalating demand for handheld as well as electronic systems is likely to drive regional growth through 2024. Untapped potential and steady demand in the region may contribute towards high growth rate. • Competitive Market Share • Major industry participants contributing to global optical sensors market share include Sony, Omnivision, Samsung, and Canon. Other prominent players are ABB, Analog Devices, Baumer Group, Broadcom, Coherent, Eaton, Emcore, Finisar, Omron, Robert Bosch, STMicroelectronics, and Sick AG.

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