New product launches, mergers and acquisitions, and increased R&D activities are the major strategies adopted by vendors in the ambient light sensor market. Identify major revenue-generating segments, regions, and key countries in the ambient light sensor market.Īmbient light sensor Market: Featured Companies In addition, the ongoing extension of model lines to luxury sport-utility vehicles (SUVs) and luxury compact cars will further increase the market growth in the digital segment.Įxplore intelligence tailored to your business needs.
Increasing applications for ambient lighting in projector displays, smartphones, tablets, and automotive displays will be crucial in driving the growth of the segment. The digital segment accounted for the highest revenue generation in the market in 2021. With the rising penetration of smartphones, the market is expected to witness an increase in the demand for ambient light sensors during the forecast period.Ĭhina and Japan are expected to emerge as prominent markets for ambient light sensors in APAC.Īmbient Light Sensor Market: Digital segment to generate maximum revenue These manufacturers have well-established production facilities in the region. (HTC), Guangdong OPPO Mobile Telecommunications, Samsung Electronics Co., Ltd., Xiaomi Inc., and ZTE Corp. The region is home to a large number of smartphone OEMs such as Huawei Technologies, Lenovo Group, HTC Corp.
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Request for a Free Sample of this research report for additional highlights on other factors impacting the market growth.Īmbient Light Sensor Market: APAC to Dominate with 39% Global Market ShareĪPAC holds 39% of the global market share and is estimated to be the largest revenue contributor during the forecast period. "Although the cyclical nature of semiconductor industry and poor temperature stability will further boost the market growth, the growing adoption of bezel-less screens will reduce the growth opportunities for market players", says an analyst at Technavio. Such innovative offerings by market players are positively influencing the growth of the global ambient light sensor market.
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The product helps the driver read the satnav screen or the speedometer in bright sunlight or any other weather condition. For instance, Osram offers SFH 5701 A01 ambient light sensor. This is encouraging market vendors to offer a wide range of products to cater the growing demand from the automotive industry. Many automakers are starting to introduce ambient lighting systems along with enhanced aesthetics in entry-level vehicles to enhance consumer appeal. Increasing adoption of ambient light sensors in automotive displaysĪmbient lighting is a common and necessary feature in luxury vehicles. The parent market is driven by the growing adoption of automation in the manufacturing sector, increasing number of smart grid projects, and the shift from conventional sources of energy generation to renewable sources. The parent market, global electrical components and equipment market covers companies involved in the manufacture of electric cables and wires, electrical components, and electrical equipment. Technavio categorizes the global ambient light sensor market as a part of the global electrical components and equipment market within the global electrical equipment market. Also, the rising demand for passenger cars in developing countries such as China and India has increased the demand for luxury interiors, premium audio systems, smart lighting systems, and automotive displays, which is creating several growth opportunities for players operating in the market. For instance, in 2021, Xiaomi India opened two new smartphone manufacturing plants in India. OEMs in the electronics industry are focusing on setting up new manufacturing plants in developing countries due to the easy availability of raw materials and low cost of labor.
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