The global optical detector market is anticipated to grow at a significant CAGR during the forecast period. The increasing use of optical detectors in consumer electrical gadgets globally is propelling the market forward. Optical detectors are being integrated into consumer electronic devices such as smartphones, tablets, and laptops for a variety of applications including device security, gesture recognition, and facial identification, among others. Furthermore, the increased demand for on-screen fingerprint sensor technology in smartphones will bring further market growth.
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The global optical detector market is expected to grow as the usage of wearable healthcare devices increases in developed nations. Fitbits, pulse oximeters, smartwatches, and other wearable healthcare devices have optical detectors built-in, allowing for real-time patient health monitoring. These sensors have several advantages, including excellent precision, small size, and no response to electromagnetic radiation, which makes them perfect for medical-grade wearable devices. According to a Pew Research Center report from January 2020, about 21% of U.S. adults wear smartwatches or wearable fitness trackers regularly. As a result, market players are introducing technically advanced products with optical detector technology to meet the growing demand for wearable healthcare devices.
When compared to other detectors on the market, the fibre optic detector has various intuitive qualities, such as reduced transmission losses, electromagnetic field resistance, higher sensitivity, and energy efficiency. Its ability to measure a variety of parameters such as pressure, displacement, temperature, vibration, and others in a seamless manner has increased its use in industrial asset health monitoring applications. Due to their compact size and lack of electrical power, these optical detectors are mostly used in the field of distant sensing. These sensors are well-suited to microwave and harsh settings, and they can function better under extreme pressure circumstances, boosting their use in the oil and gas, mining, and petrochemical industries.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia Pacific
o Rest of the World
- Competitive Landscape: Keyence Corp., ON Semiconductors, Omron Corp., ROHM Co., Ltd., Sick AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Optical Detector Market by Segments
By Type
- Photoelectric sensors
- Ambient & proximity light sensors
- Fibre optic sensors
By Application
- Consumer Electronics
- Industrial
- Automotive & Transportation
- Food & Beverage
- Medical
- Others
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