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Global light sensors market sees the promising opportunities up to the year 2027

A light engine is the LED equivalent of a conventional lamp. Basically, it covers a LED chip mounted on a circuit board that has electrical and mechanical fixings. Actually,a light engine may not have only one chip; it may be an array of 9 or 16, sometimes with a phosphor coating.

According to some market survey reports, the global market for light sensors is estimated to reach the market volume of US$2.7 Billion by the year 2027,growing at a CAGR of 8.1% from the year 2020 to 2027.
The pie graph about the global market forecast for light sensors from the year 2020 to 2027

The Light Sensors market in U.S. is estimated at US$428.7 Million in the year 2020. China is estimated to reach an approximate market size of US$628.5 Million by the year 2027. Japan and Canada are forecast to grow at 4.3% and 7.2% respectively from the year 2020 to 2027. Within Europe, Germany is estimated to grow at approximately 5.2% CAGR.

The booming market attributes to increasing applications of light sensors in smartphones and tablets and developments in automotive electronics and outdoor lighting.

Most of the light sensors are applied in the home automation, automotive, consumer electronics, industrial, entertainment, and healthcare industries.

The major players in this industry of light sensors cover AMS AG, Avago Technologies Inc., Broadcom, Stmicroelectronics NV. , Vishay Intertechnology. Inc, Apple, Inc., Sitronix Technology, Everlight Electronics Co., Ltd. , Heptagon, Maxim Integrated Sensor Types, Inc.
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