Market Dynamics of Optical Sensors Market 2015-2020 | Page 7
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Optical Sensors Market Forecast (2015 - 2020)
Optical Sensors Market Growth and Trends
The Global Optical Sensor Market is slated to grow at 9.81% CAGR year on year for
next 5 years to reach $34billion by 2020.
According to IndustryARC research, Image Sensors has been successful in going viral
from cameras to medical applications. This wide and growing demand for image
sensors is making it the largest segment in the optical sensor industry.
North America is the leading market for sensors globally, with the U.S. being the
major market in the region. Asia Pacific region is one of the fastest growing regions
for sensor market, on account of increasing adoption of smartphones.
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