Global Light Sensor Market size is expected to reach $5.5 billion by 2026

The Global Light Sensor Market size is expected to reach $5.5 billion by 2026, rising at a market growth of 12.6% CAGR during the forecast period.

Light sensors are an integral element used in rising smart city applications and tech innovations. These new technologies are often supported by Artificial Intelligence (AI) and Machine Learning.

Development in industrial automation advances in the telecommunication industry and a rise in IoT and connected devices are some of the factors that boost the growth of the light sensors market. There is a high impact of photonics applications in smart city infrastructure with respect to communication technologies, sensing, and smart lighting. At the same time, a few other rising technologies like nanoscale photonics are also seeing huge demand in smart city infrastructure, hence driving the demand for light sensors.

Factors such as the miniaturization of sensors, the growing use of consumer electronics, and the rising demand for implementing renewable energy are boosting the demand for light sensors. In addition, advances in the automotive sector, smart homes, and outdoor lighting are anticipated to propel the market growth. Factors such as advanced manufacturing technologies, low-cost and high-speed electronic circuits, and innovative signal processing methods fueled the recent development in sensor technologies. Robust technical solutions are offered by these new advancements in the field, hence increasing economic efficiency, reliability, and quality of technical products.