The biggest rage currently being observed in the light sensor market is the development of smart cities in several countries all around the world. The lighting systems installed in these cities must be energy-efficient and so, these systems are being increasingly integrated with light sensors. The light sensors provide ambient light sensing which help the systems to conserve energy during the times when light is available in abundance.
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The rising development of smart cities in India, Brazil, and China are expected to create huge demand for light sensors in these countries in the coming years. The global light sensor market attained a valuation of ,456.2 million in 2019 and is predicted to advance at a CAGR of 9.5% during the forecast period (2020–2030). Light sensors are extensively used for proximity detection, ambient light sensing, RGB (red, green, and blue) color sensing, infrared radiation (IR) detection, and gesture recognition.
Geographically, Asia-Pacific (APAC) is expected to observe the most rapid growth in the adoption of light sensors in the coming years. This is credited to the booming urban population and the increasing sales of consumer electronics devices and automobiles in the region. Moreover, the increasing adoption of electric vehicles in India and China will significantly boost the demand for light sensors in the region as these sensors are used in electric vehicles for interior lighting control and parking assistance functions.
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This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings