An optic position part is like position detectors, which are sensors that find and measure an object’s position by analyzing changes in the characteristics of light such as wavelength, phase, intensity, or polarization. As per the Consegic Business Intelligence report, the Optical Position Sensor Market is projected to experience substantial growth, reaching over USD 6,101.94 million by 2030 from USD 2,791.09 million in 2022, reflecting a robust CAGR of 10.50% from 2023 to 2030.
Optical position sensors are on kind of product that can compute the change in the location of the object by the change of the characteristics of light such as the wavelength, phase, Amplitude, or polarization. Among many positive aspects, these sensors are preferred for being very sensitive, light, inert to many chemicals, and interference immune.
The market has been segmented by type i.e. single, two, and multi-axial optoelectronic sensors. Two-dimensional sensors took the lead in 2022 by being the biggest market player due to their high pixel count and low price. One-axial sensors are likely to increase pretty fast because these sensors show high robustness and resolution in applications like optical proximity switches and camera systems. The segment of the multi-axial sensor is meant for more complicated movement of objects.
One of the advantages of these sensors is that they are widely used because of their high sensitivity, lightweight chemical inertness, and ability to influence electromagnetic interference. They are the perfect choice for use in different sectors such as automotive, consumer electronics, aerospace & defense, and healthcare.
In the aerospace and defense sectors, the position sensors that come under the radar of optical paths are the highly talked about ones used to measure the location of the aircraft and to analyze the condition of the thrust reversers and other similar components. This sector is witnessing a surge in demand caused by the increased number of flights, helicopters, and drones and the setting up of new air defense systems.
Furthermore, the automotive industry is the main market in which Optical position sensor growth is observed. These sensors are on the front line of the LIDAR device and advanced driver-assistance systems (ADAS) such as systems in which they measure the angle of the steering wheel and help the vehicle through the road. The increased production of cars and the development of self-determining driving technologies are driving the demand for optical sensors. Enhanced e-mobility together with the transition to autonomous vehicles has led to a notable increase in the auto-industry’s electrical consumption.
From a geographical perspective, the U.S. is a key driver of the North American market, which dominates the automotive, aerospace, and health sectors, and the U.S. is also responsible for the major share of the market. The development of the area is reinforced by investments in medical imaging and electric vehicles. In contrast, the Indo-Pacific region has the potential to experience the fastest growth due to intense industrialization and the power of computer and mobile phone production of assemblers. It is possible through the rising consumer electronics sector, that developing Asian economies can open up new opportunities for optical position sensors.
On the whole, the optical position sensor market is all set to register powerful growth due to the development of key industries and the appearance of new opportunities centered around electric vehicles, despite competitive pressure from other technologies.
