Global Light Sensor Market 2016-2020
Our team recognizes the following companies as the key players in the global light sensor market: ams, Maxim Integrated, ROHM Semiconductor, Vishay Intertechnology, Avago Technologies, ELAN Microelectronics, Everlight Electronics, Heptagon, Sharp, and Sitronix Technology.
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Commenting on the report, an analyst from our team said: “Emergence of spectral sensing will be a key trend for market growth. Light sensor vendors have started recognizing opportunities for advanced uses of light sensor technology in spectral sensing. Spectral sensing enables innovative spectral analysis of light for applications such as true color sensing biosensors for critical health data, smart industrial and home lighting, and the IoT. In 2015, ams launched the first-generation biosensor. The company expects to advance functionality in upcoming product generations. Vishay Intertechnology introduced a high-accuracy digital ambient light sensor for consumer and industrial applications, which enables spectral sensitivity. These sensors will be available from Q2 2016. This system operates in a temperature range of -25°C to 85°C. This product, which is part of smart home lighting control systems, analyzes ambient lighting accurately and offer precise control, even during unanticipated situations. The device detects fading natural light and the sun rising in the morning to control light levels.”
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According to the report, one of the key drivers for market growth will be increasing number of mega construction projects globally. Economic growth worldwide has led to new construction projects such as public buildings, private residences, office buildings, shopping complexes, and airports. With technological advances, new features such as automatic doors, escalators, and automatic taps are being installed in construction projects, which increase the ease of accessibility and enhance the aesthetic appeal of buildings. These systems are gaining traction among end-users due to growing urbanization and improving standards of living.
Further, the report states that low profit margins for vendors will be a challenge for the market. Declining light sensor prices have led to low profit margins in the market. This decline is due to accumulation of a large number of small regional vendors, mainly based in China and Taiwan. These vendors compete in terms of pricing, compelling the branded OEMs to reduce their prices. This reduces the overall profit margin of the major vendors, resulting in low capital expenditure by vendors on product differentiation and quality. This creates a highly competitive market landscape, which provides an opportunity to the unorganized market, mainly in China, to offer bulk products at very low prices, thereby affecting the overall market revenues.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit-https://marketreportscenter.com/reports/383373/global-light-sensors-market-2016-2020
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