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Optical Sensor Markets to 2024 - Featuring ON Semiconductor, Microchip Technology, Omnivision Technologies, Siemens, and More - ResearchAndMarkets.com

September 20, 2018

DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Optical sensor Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.

The report predicts the global optical sensor market to grow with a CAGR of 7.3% over the forecast period of 2018-2024.

The trending sensors technological advancements and development of new innovative optical sensors to measure various parameters such as strain, temperature, pressure, current, voltage, gas, chemical, biomolecules and others drives the growth of optical sensors market across the world.

In addition, increasing fiber optic cable installation for higher bandwidth and about advancements in hyper spectral imaging is constituting in the growth of optical sensors market. Furthermore, optical sensors are used to smartly regulate the mobile phone by detecting the brightness of the environment, to save energy and make the mobile user-friendly so the rising demand of smart phone likely to boost the demand optical sensors market.

Furthermore, increasing adoption of smart automation techniques across various industries are contributes in the growth of optical sensors market. However, availability of other substitute sensors may hamper the market growth. Moreover, growing electronics industries, ongoing advancement in the sensors technology, growing adoption of sensors across various industries are some factors expected to serve many opportunities in upcoming years.

Companies Profiled

ON Semiconductor Microchip Technology Inc. Omnivision Technologies Inc Siemens AG Rockwell Automation Inc. Pepperl+Fuchs GmbH Murata Manufacturing Co. Ltd. OMRON Corporation Honeywell International Inc. Texas Instruments Incorporated

For more information about this report visit https://www.researchandmarkets.com/research/hsrj6x/optical_sensor?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005773/en/

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Related Topics:Optical Sensors

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/20/2018 02:20 PM/DISC: 09/20/2018 02:20 PM

http://www.businesswire.com/news/home/20180920005773/en

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