Color detection sensors: Key market research findings
- Color sensors account for a majority of the market’s revenue
- Key vendors – ams, Banner Engineering, Balluff, Baumer, Hamamatsu Photonics, Omron, Pepperl and Fuchs, Rockwell Automation, SICK, and SensoPart
Technavio’s market research analysts predict the global color detection sensor market to grow at a CAGR of around 9% between 2016 and 2020. The demand for color detection sensors in augmented by the proliferation of color sensors in smartphones. Several manufacturers are integrating smartphones with color sensors that help analyze the RGB components of light to adjust the display image and perform backlight dimming based on the surrounding brightness levels. Apple and Samsung are the largest buyers of sensors for smartphones and will remain dominant throughout the forecast period. During 2015, Europe dominated the global color detection sensors market by accounting for about 32% of the overall market share. The presence of several prominent apparel brands such as Louis Vuitton, Prada, Dior, Dolce and Gabbana, and Jimmy Choo is expected to fuel growth in the color detection sensors market in Europe by 2020.
The new market research report from Technavio presents a breakdown and analysis of the color detection sensors segments based on the product.
“The emergence of true color and spectral sensing technologies is a trend that will have a positive influence on the market’s growth. Such light sensors include biosensing, which captures personal health data along with providing innovative light sensor applications. Biosensors detect chemical compounds by using biochemical reactions or biomolecules as sensing agents,” says Asif Ghani, Lead Analyst, Semiconductor, Technavio Research.
Color sensors held a market share of almost 37% in 2015 to become the key revenue generator in the global color detection sensors market. Color sensors are used to detect the color of an object based on the RGB principle. Color sensors are used in many industries, such as consumer electronics, food and beverage, pharmaceutical, textile, automotive, chemical, and paper and pulp. The rapid growth of these industries will create an increase in the demand for color sensors in the global color detection sensor market during the forecast period.
The key vendors in the market include ams, Banner Engineering, Balluff, Baumer, Hamamatsu Photonics, Omron, Pepperl and Fuchs, Rockwell Automation, SICK, and SensoPart. The color detection sensor market is highly competitive due to the presence of well-established vendors. Most vendors are constantly working to upgrade their systems or adopt new technologies to gain a competitive advantage in the market. The competitive environment in this market is expected to intensify with an increase in product/service extensions, technological innovations, and M&A.
A more detailed analysis is available in the Technavio report, Global Color Detection Sensors Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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