Optical Sensors Market to cross $34 Billion mark by 2020 Optical Sensors Market Business News | Page 16

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KEY INSIGHTS
 Light and proximity sensors based on the estimation are expected to grow to a
$1.7billion industry by 2017 due to steady rise in the market for handheld devices.
 The segment with least market size is IR sensors according to analysis. It is due to the
gradual decrease in the use of infrared sensors as advanced sensors with higher accuracy
and sensitivity are being launched into the market.
 Global Optical sensor market is slated to grow at 9.8% CAGR year on year for
next 5 years.
 The global Image sensor market is expected to grow at a 11% CAGR with CMOS
sensors occupying more than 90% share
 Optical sensors will play a crucial role in IoT market, to provide better control of devices
thus driving the market for them in the future.