DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Optical Position Sensor Market by Type and Application - Global Forecast, 2014-2022" report to their offering.
The report was valued at $1,376 million in 2015, and is expected to reach $2,589 million by 2022, growing at a CAGR of 9.3% from 2016 to 2022. The multiaxial segment held over 40% of the total market share in 2015.
Optical position sensors are widely used in consumer electronics such as televisions, smart phones, medical devices, wearable devices, and others. Growth in demand for consumer electronic goods and increase in adoption of sensors in remote monitoring medical devices drive the market growth. Moreover, increase in demand for automated vehicles is expected to provide lucrative opportunities to market players.
Consumer electronics dominated the global optical position sensor market in 2015, accounting for about 50% of the global optical sensor market size. However, healthcare is expected to grow at the highest CAGR of 10.3% from 2016 - 2022, owing to increase in demand for durable devices with enhanced efficiency.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period, owing to increase in portable appliances and rise in the adoption of sensors in automotive applications. Moreover, technological advancements to overcome dispersion issues in extreme conditions are projected to offer lucrative opportunities for market players.
Companies Mentioned
- First Sensors Ag
- Siemens Ag
- Panasonic Corporation
- Opto Diode Corporation
- Sharp Corporation
- Micro-Epsilon
- Balluff Gmbh
- Sensata Technologies
- Hamamastu Photonics K.K.
-
Melexis N.V.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Optical Position Sensor By Type
Chapter 5 Global Optical Position Sensor By Applications
Chapter 6 Global Optical Position Sensors Market By Geography
Chapter 7 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/8hfvqq/optical_position
