According
to a new market report published by Transparency Market Research
“Optical Position Sensors in Semiconductor Modules and Chips Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2012 - 2023,” global optical position sensors in semiconductor
modules and chips market was valued at USD 1,005.4 million in 2012,
growing at a CAGR of 6.6% from 2012 to 2023 to account for USD
2,254.1 million in 2023.
Optical
position sensors are primarily used to detect the position of the
desired target. These sensors are efficient as they can detect the
position without physically touching the object. The optical position
sensors are being actively used in semiconductor modules and chips
such as consumer electronics, automobiles, aircrafts and the medical
devices.
The
major factor driving the growth in the market is the increasing
demand of smart functionalities to be incorporated in consumer
electronics products such as smart phones, televisions and smart
watches among others. Moreover, the emerging concept of wearable
medical devices for remote monitoring of patients is also aiding to
the growth of the market. In addition, the change in government
regulations in Europe and North America is creating the need for
added safety in automobiles. The optical position sensors are being
used to create collision alert systems for the passenger’s safety.
The
optical position sensors are also being used in the concept of
virtual reality tools such as virtual training. Research and
experiments are being conducted over creating a virtual platform
which will be used to train humans in future. The complete virtual
reality system is expected to perform simple tasks such as spinal
reflexes or simple manipulation programs.
The
market has been segmented into three categories: by types,
applications and geography. By types, the multi-axial optical
position sensors held the largest market share accounting to more
that 45% in 2014. The dominance of this segment is attributed to the
growing demand for commercial aircrafts in aerospace and defense
industry.
Geographically,
Asia Pacific held the highest market share. The growth of optical
position sensors in semiconductor modules and chips in Asia Pacific
region is attributed to the rising demand for smart electronics in
developing economies like China and India.
Further,
the key players have been profiled on the basis of their business
segments, financial overview, recent developments and the competitive
strategies used by them with respect to the optical position sensors
in semiconductor modules and chips market.
In
addition, the report also profiles the key players in the market on
the basis of company overview, financial overview, business segments,
key developments and the business strategies adopted by them with
respect to the optical position sensors market. . The major player
profiles in the market include Sharp Corporation (Japan), First
Sensor AG. (Germany), Micro-Epsilon (Germany), Hamamatsu Photonics
K.K. (Japan), Opto Diode Corporation (U.S.), Sensata Technologies
(U.S.), Panasonic Corporation (Japan), Melexis N.V. (Belgium),
Siemens AG (Germany), Balluff GmbH (Germany).
The
report is a study of global optical position sensors market in
semiconductor modules and chips market and provides the data in terms
of revenue (USD Million) and volume (Thousand Units) from 2012-2023.
The market estimates on the basis of technology, application for each
region has been covered in this study. The market segmentations are
as follows:
Optical
Position Sensors in Semiconductor Modules and Chips Market: By Types
One
dimensional optical position sensors
Two
dimensional optical position sensors
Multi-axial
optical position sensors
Optical
Position Sensors in Semiconductor Modules and Chips Market: By
Application
Aerospace
& Defense
Automotive
Consumer
Electronics
Healthcare
Others
The
report provides a cross-sectional analysis of all the above segments
with respect to the following regions:
Optical
Position Sensors in Semiconductor Modules and Chips Market: By
Geography
North
America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Rest
of Europe
Asia
Pacific
China
India
Japan
South
Korea
Rest
of Asia Pacific
Rest
of the World
South
America
Africa
Middle
East
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
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gather and analyze information.
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research techniques in developing distinctive data sets and research
material for business reports.
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