Optical Sensor Market Is Expected To Reach $20.3 Billion By 2028- An Exclusive Market Research Report By Lucintel

By Author: Lucintel LLC
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Lucintel's latest market report analyzed that optical sensor provides attractive opportunities in the aerospace and defense, automotive, building automation, chemical, consumer electronics, food and beverage, manufacturing, material handling, healthcare, and security and surveillance sectors. The optical sensor market is expected to reach $20.3 billion by 2028 with a CAGR of 8.7%. In this market, photoelectric sensor is the largest segment by product type, whereas Consumer electronic is largest by end use industry.
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Based on product type, the optical sensor market is segmented into ambient light and proximity sensor, fiber optic sensor, image sensor, and photoelectric sensor. The photoelectric sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for photoelectric sensors for the industrial automation product type as it helps in high precision object detection.
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The Optical Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering optical sensor include ROHM, Rockwell Automation, SICK AG, Vishay Intertechnology, and Honeywell.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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