What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global Optical Sensors Market 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-sensors-optical-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-sensors-optical-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-sensors-optical-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-sensors-optical-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-sensors-optical-market'>Read More</a>

Published: Apr 2016
Pages: 68
SKU: IRTNTR8968

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Overview of the optical sensor market

Extensive research carried out by the analysts at Technavio has shown that the global optical sensor market to grow at an impressive CAGR of nearly 10% over the forecast period. One of the critical factors driving the growth of this market is the increasing proliferation of smartphones and tablets. The global smartphone market has seen a massive upsurge in shipments in the last decade which is expected to directly impact the optical sensor market in a positive manner. With the increasing adoption of smartphones, manufacturers are focussing on adding new features and applications to differentiate their products from other manufacturers. Furthermore, the 4G rollout in leading countries like India, China, Germany, Japan, Singapore, the US, and the UK has resulted in the deployment of LTE technology in the market. This technology enables mobile devices to deliver premium-quality services, such as high-speed data traffic supporting Internet browsing, voice, and video, to smartphone users. With an increasing number of devices being integrated with additional features like gesture control, fingerprint scanners, image scanners, and GPS, the market for optical sensors is expected to witness profound growth in the coming years.

In this market study report, the analysts have estimated factors such as the increasing adoption of wearable technology to impel the growth prospects for this market over the predicted period. Wearable technology is primarily used to monitor daily activities and access smartphone functionalities. This category includes smart watches, smart fabrics, and heart rate monitors that are integrated with optical sensors to monitor daily physical activities. This technology is expected to gain significant momentum during the forecast period, thereby bolstering the growth prospects of the optical sensor until the end of 2020.