Light Sensor Market is segmented By Function (Ambient Light Sensing, Proximity Detection, RGB Color Sensing, Gesture Recognition, IR Detection), By Ap....
Market Size in USD
CAGR11.9%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 11.9% |
Market Concentration | Medium |
Major Players | ams-OSRAM AG, Analog Devices, Inc., Broadcom Inc., ELAN Microelectronics Corp., Everlight Electronics Co., Ltd. |
The light sensor market is estimated to be valued at USD 4.67 Bn in 2024 and is expected to reach USD 10.24 Bn by 2031. It is estimated to grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031. With rapid advancements in consumer electronics and automation in various industries, the light sensor market is witnessing significant growth.