IndustryARC

Global Optical Sensors Market Analysis and Forecast (2013 – 2018)

By Type (Position, Ambient Light, Motion, Proximity, Image); Verticals (Industrial, Automotive, Defense, Commercial)

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TABLE OF CONTENTS

1. Global Optical Sensors – Market Overview

2. Executive Summary

3. Global Optical Sensors – Market Landscape

3.1. Market Share Analysis

3.2. Comparative Analysis

3.2.1. Product Benchmarking

3.2.2. End user profiling

3.2.3. Patent Analysis

3.2.4. Top 5 Financials Analysis

4. Global Optical Sensors – Market Forces

4.1. Market Drivers

4.2. Market Constraints

4.3. Market Challenges

4.4. Attractiveness of the Optical Sensors Industry

4.4.1. Power of Suppliers

4.4.2. Power of Customers

4.4.3. Threat of New entrants

4.4.4. Threat of Substitution

4.4.5. Degree of Competition

5. Global Optical Sensors – Strategic Analysis

5.1. Value Chain Analysis

5.2. Pricing Analysis

5.3. Opportunities Analysis

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5.4. Product/Market Life Cycle Analysis

5.5. Suppliers and Distributors

6. Global Optical Sensors Market – Product Types Analysis

6.1. Introduction

6.2. Position Sensor

6.3. Ambient Light Sensor

6.4. Photodiodes

6.5. Photoresistors

6.6. Image Sensor

6.6.1. CCD

6.6.2. CMOS

6.7. Proximity Sensor

6.8. Color Detection Sensors

6.8.1. Color Sensor

6.8.2. Luminescence Sensor

6.8.3. Brightness Sensor

6.8.4. Contrast Sensor

6.8.5. Color Mark Sensor

6.9. Motion Detector

6.10. Presence or Occupancy Sensor

6.11. IR Sensor

7. Global Optical Sensors Market – End Use Verticals Analysis

7.1. Food and Beverage

7.2. Automotive

7.3. Textiles

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7.4. Chemical

7.5. Pharmaceutical

7.6. Water Treatment

7.7. Packaging

7.8. Paper and Pulp

7.9. Factory Automation

7.10. Aerospace & Defense

7.11. Others

8. Global Optical Sensors Market – Geographic Analysis

8.1. Introduction

8.2. Americas

8.2.1. North America

8.2.2. Brazil

8.2.3. Argentina

8.2.4. Mexico

8.3. Europe

8.3.1. UK

8.3.2. France

8.3.3. Germany

8.4. APAC

8.4.1. China

8.4.2. South Korea

8.4.3. Japan

8.4.4. Australia

8.5. ROW

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9. Market Entropy

9.1. New Product Launches

9.2. M&As, Collaborations, JVs and Partnerships

10. Investment Opportunities – Analysis by Target companies/customers, Capital Investments, ROI, Payback Period and Source of Funds.

11. Company Reports (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)

11.1. Steinel

11.2. B.E.G Luxomat

11.3. Wattstopper

11.4. Honeywell

11.5. Busch Jaeger

11.6. Omron

11.7. Eaton

11.8. Rockwell Automation

11.9. Sick AG

11.10. Turck

11.11. Pepperl+Fuchs

11.12. Bosch Sensortech GmbH

11.13. Hamamatsu Photonics K.K.

11.14. EMX Industries Inc

11.15. SICK AG

11.16. Banner Engineering

11.17. Atlas Scientific LLC

11.18. Cypress

11.19. Analog Devices

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11.20. Atmel Corp

11.21. STMicroelectronics

11.22. Aptina Imaging

11.23. Hitachi

11.24. Omnivision

11.25. Teledyne Dalsa

11.26. Banpil Photonics

11.27. Alps Electric Co Ltd

11.28. Invensense

11.29. Maxim IC

12. Appendix

12.1. Abbreviations

12.2. Sources

12.3. Research Methodology

12.4. Bibliography

12.5. Compilation of Expert Insights

12.6. Disclaimer

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LIST OF TABLES

Table 1 Optical Sensors Market, List of Companies Covered

Table 2 Position Sensor Market Competitive Share Analysis, 2013 (%)

Table 3 Global Ambient Light Sensor Market Competitive Share Analysis, 2013 (%)

Table 4 Global Photodiodes Market Competitive Share Analysis, 2013 (%)

Table 5 Global Photoresistors Market Competitive Share Analysis, 2013 (%)

Table 6 Global Image Sensor Market Competitive Share Analysis, 2013 (%)

Table 7 Global Proximity Sensor Market Competitive Share Analysis, 2013 (%)

Table 8 Global Color Detection Sensor Market Competitive Share Analysis, 2013 (%)

Table 9 Global Motion Detectors Market Competitive Share Analysis, 2013 (%)

Table 10 Global Occupancy Sensor Market Competitive Share Analysis, 2013 (%)

Table 11 Global IR Sensor Market Competitive Share Analysis, 2013 (%)

Table 12 Global Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 13 Global Optical Sensors Market Volume, 2012 – 2018 (Million Units)

Table 14 Global Optical Sensors Market Revenue, By Product Type, 2012 – 2018 ($M)

Table 15 Global Optical Sensors Market Volume, By Product Type, 2012 – 2018 (Million Units)

Table 16 Global Optical Sensors Market Share Analysis, By Company Revenue, 2013 (%)

Table 17 Top 5 Financials Analysis, 2011 – 2013

Table 18 Global Optical Sensors Market, Pricing Analysis of Product Types, 2012 – 2018 ($)

Table 19 Average Selling Price Analysis, Position Sensor, 2012 – 2018 ($)

Table 20 Average Selling Price Analysis, Ambient Light Sensor, 2012 – 2018 ($)

Table 21 Average Selling Price Analysis, Photodiodes, 2012 – 2018 ($)

Table 22 Average Selling Price Analysis, Photoresistors, 2012 – 2018 ($)

Table 23 Average Selling Price Analysis, Image Sensor, 2012 – 2018 ($)

Table 24 Average Selling Price Analysis, Proximity Sensor, 2012 – 2018 ($)

Table 25 Average Selling Price Analysis, Color Detection Sensor, 2012 – 2018 ($)

Table 26 Average Selling Price Analysis, Luminescence Sensor, 2012 – 2018 ($)

Table 27 Average Selling Price Analysis, Brightness Sensor, 2012 – 2018 ($)

Table 28 Average Selling Price Analysis, Contrast Sensor, 2012 – 2018 ($)

Table 29 Average Selling Price Analysis, Color Mark Sensor, 2012 – 2018 ($)

Table 30 Average Selling Price Analysis, Motion Detectors, 2012 – 2018 ($)

Table 31 Average Selling Price Analysis, Occupancy Sensor, 2012 – 2018 ($)

Table 32 Average Selling Price Analysis, Infrared Sensor, 2012 – 2018 ($)

Table 33 Position Sensor Market Volumes, 2012 – 2018 (Million Units)

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Table 34 Position Sensor Market Revenue, 2012 – 2018 ($bn)

Table 35 Global Ambient Light Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 36 Global Ambient Light Sensor Market Revenue, 2012 – 2018 ($bn)

Table 37 Global Photodiodes Market Volumes, 2012 – 2018 (Million Units)

Table 38 Global Photodiodes Market Revenue, 2012 – 2018 ($bn)

Table 39 Global Photoresistors Market Volumes, 2012 – 2018 (Million Units)

Table 40 Global Photoresistors Market Revenue, 2012 – 2018 ($bn)

Table 41 Global Image Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 42 Global Image Sensor Market Revenue, 2012 – 2018 ($bn)

Table 43 Global Proximity Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 44 Global Proximity Sensor Market Revenue, 2012 – 2018 ($bn)

Table 45 Global Color Detection Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 46 Global Color Detection Sensor Market Revenue, 2012 – 2018 ($bn)

Table 47 Global Motion Detectors Market Volumes, 2012 – 2018 (Million Units)

Table 48 Global Motion Detectors Market Revenue, 2012 – 2018 ($bn)

Table 49 Global Occupancy Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 50 Global Occupancy Sensor Market Revenue, 2012 – 2018 ($bn)

Table 51 Global IR Sensor Market Volumes, 2012 – 2018 (Million Units)

Table 52 Global IR Sensor Market Revenue, 2012 – 2018 ($bn)

Table 53 Global Optical Sensors Market Unit Shipments, By End Use Verticals, 2012 – 2018 (Million Units)

Table 54 Global Optical Sensors Market Revenue, By End Use Verticals, 2012 – 2018 ($M)

Table 55 Food and Beverage Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 56 Food and Beverage Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 57 Automotive Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 58 Automotive Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 59 Textiles Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 60 Textiles Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 61 Chemical Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 62 Chemical Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 63 Pharmaceutical Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 64 Pharmaceutical Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 65 Water Treatment Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 66 Water Treatment Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 67 Packaging Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 68 Packaging Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

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Table 69 Paper and Pulp Industry, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 70 Paper and Pulp Industry, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 71 Factory Automation, Optical Sensors Market Revenue, 2012 – 2018 ($M)

Table 72 Factory Automation, Optical Sensors Unit Shipments, 2012 – 2018 ($M)

Table 73 North America Optical Sensors Market Revenue, 2012 – 2018($M)

Table 74 South America Optical Sensors Market Revenue, 2012 – 2018($M)

Table 75 Europe Optical Sensors Market Revenue, 2012 – 2018($M)

Table 76 Asia Pacific Optical Sensors Market Revenue, 2012 – 2018($M)

Table 77 Middle East and Africa Optical Sensors Market Revenue, 2012 – 2018($M)

Table 78 Recent Product Developments, Optical Sensors Industry

Table 79 M&A, JV, Agreements, Optical Sensors Industry

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LIST OF FIGURES Figure 1 Segmentation of Optical Sensors Market by Product Type

Figure 2 Segmentation of Optical Sensors Market by End Use Verticals

Figure 3 Optical Sensors Market, List of Companies Covered

Figure 4 Position Sensor Market Competitive Share Analysis, 2013 (%)

Figure 5 Global Ambient Light Sensor Market Competitive Share Analysis, 2013 (%)

Figure 6 Global Photodiodes Market Competitive Share Analysis, 2013 (%)

Figure 7 Global Photoresistors Market Competitive Share Analysis, 2013 (%)

Figure 8 Global Image Sensor Market Competitive Share Analysis, 2013 (%)

Figure 9 Global Proximity Sensor Market Competitive Share Analysis, 2013 (%)

Figure 10 Global Color Detection Sensor Market Competitive Share Analysis, 2013 (%)

Figure 11 Global Motion Detectors Market Competitive Share Analysis, 2013 (%)

Figure 12 Global Occupancy Sensor Market Competitive Share Analysis, 2013 (%)

Figure 13 Global IR Sensor Market Competitive Share Analysis, 2013 (%)

Figure 14 Global Process Automation and Instrumentation Market Revenue, 2012 - 2018 ($bn)

Figure 15 Average Selling Price Analysis of Optical Sensors ($), 2012 – 2018

Figure 16 Global Optical Sensors Market Revenue, By End Use Application, 2012 – 2018($M)

Figure 17 Global Optical Sensors Market Revenue, By Geographic Region, 2012 – 2018($M)

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REPORT SCOPE & STAKEHOLDERS SCOPE The Optical Sensor Market has been segmented on the basis of products and regional markets. Detailed analysis is given for each of its product types along with its drivers, restraints and challenges in terms of revenue from 2013 to 2018. This report is also segmented in terms of region and gives sales of optical sensors with respect to each region. Therefore, regional data on a detailed level has been provided for the U.S. market. This segment discusses the demand of optical sensors for various products in this region, with respect to revenue. The optical sensor market has some key players who hold major stakes in the market. ABB, Eaton, Sick AG, Analog Devices, Atmel are some of the leading manufacturers present in the market. ABB was the largest company leading the optical sensor market in 2013.The report contains the most detailed and in-depth segmentation of the global optical sensor market STAKEHOLDERS The following are the key stakeholders in the optical sensor market. Sensor Manufacturers

Product OEMs

Contract manufacturer

Service providers

Distributors

Component suppliers

System integrators

Maintenance companies

IT and Automation Software Providers

Engineering and Designing companies

Project Testing and Commissioning Companies

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EXECUTIVE SUMMARY

Optical sensors are electronic detectors which work on the presence or absence of light or infrared rays and convert the same into an electronic signal. Usually they are part of a much larger system where this electronic signal is interpreted or analyzed in different ways to produce a result like presence of a person, capturing an image, movement of an object or position of an object and so on. The Global Optical sensor market is rapidly growing across the globe due to the increase in demand for the handheld devices like tablets and smart phones. Smart phones and tablets are very rapidly growing and are here to stay and as long as the market persists there will be increase in demand for optical sensors like light and proximity sensors. Light and proximity sensors based on the estimation are expected to grow to a $1.5bn industry by 2018 due to steady rise in the market for handheld devices. The Global Optical sensor market is slated to grow at 5-6 % CAGR year on year for next 5 years. The market is estimated to reach $18.7bn by 2018. .

SAMPLE TABLE 1: GLOBAL OPTICAL SENSORS DEMAND ANALYSIS - BY TYPE (2013-2018) ($BN)

SENSOR TYPE 2013 $Bn

2014 2015 2018 $Bn

Position sensor XX XX XX XX ALS Sensor 0.85 XX XX 1.5 Image Sensor 8.75 XX XX XX Color Sensor XX XX XX XX Photodiodes XX XX XX XX Photo Resistors XX XX XX XX Presence Sensor XX XX XX XX Motion Detector XX XX XX XX IR sensor 0.18 XX XX 0.41 Source: IndustryARC Analysis The Light/proximity sensor market is also expected to grow very rapidly due to their extensive

use in mobiles and tablets. Due to urbanization and affordability the market for those devices is

increasing and so is the growth for these sensors. On the other hand image sensor market is

skyrocketing compared to other sensors as it’s very widely used. The market for image sensors

goes from cameras to medical applications. The wide market for image sensors is making it the

largest segment in the optical sensor industry. The segment with least market size is IR sensors

according to analysis. It is due to the gradual decrease in the use of infrared sensors as advanced

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sensors are with much accuracy and more sensitivity are coming into the market. The infrared

sensors were very widely used in their inception but now the usage of infrared sensors is

gradually decreasing and is expected to be limited to scientific researches in the future.

Innovative products are gradually capturing the global optical sensor market. Companies such as

SICK are offering new products with better functionality and efficiency. ABB and Eaton are

trying to make the product cheaper without reducing the efficiency to increase the market range.

This report on the Global Optical Sensor Market identifies many such insights and M&A

opportunities, besides providing a detailed analysis of the different segments in Optical sensor

market.

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KEY MARKET INSIGHTS

Growing demand for Optical sensors from Asia Pacific on account of growing innovations,

cheaper technology and growing urban population in these regions are expected to open new

opportunities for the market.

The light and proximity sensor market will increase from around $850m in 2013 to reach

$xx bn in 2018 due to increasing shipments of tablet PCs and smart phones.

IR sensors market is expected to increase from around $180m in 2013 to around $xx m

by 2018.

The global Image sensor market is expected to reach $10.5bn by 2018 from around

$8.75bn in 2013 with CMOS sensors occupying more than 90% share.

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3. GLOBAL OPTICAL SENSORS – MARKET LANDSCAPE

3.1 MARKET SHARE ANALYSIS Market share of all the major companies operating the individual sensor market type of the

overall optical sensors market are analyzed in this section.

TABLE 6: GLOBAL IMAGE SENSORS MARKET, COMPETITIVE SHARE ANALYSIS, 2013 (%)

Company Market Share OmniVision Technologies 33% Aptina Imaging Corporation 20% Samsung Electronics 18% xx xx xx xx Others xx Source: IndustryARC Analysis, Annual Reports The major companies considered for the analysis are OmniVision Technologies, Ltd. (U.S.),

Aptina Imaging Corporation (U.S.), Samsung Electronics Co., Ltd. (South Korea), Sony

Corporation (Japan), and Toshiba Corporation (Japan). The table above gives the revenue share

of top five companies in the image sensor market. Currently, the market leader is OmniVision

with 33% of the total share. It is followed by Aptina with 20% share.

FIGURE 8: GLOBAL IMAGE SENSORS MARKET, COMPETITIVE SHARE ANALYSIS, 2013 (%)

Source: IndustryARC Analysis, Annual Reports

33%

20% 18%

10%

19%

OmniVision Technologies Aptina Imaging Corporation Samsung Electronics Sony Corporation Others

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The product portfolio affects the market share of the company. Since CMOS holds the major

share, players such as OmniVision and Aptina are the top companies in the market currently.

Other sensor types’ (CCD and contact image sensor) manufacturers have lesser share in the total

market since the addressable market for these types is very less.

TABLE 8: GLOBAL COLOR DETECTION SENSORS MARKET, COMPETITIVE SHARE ANALYSIS, 2013 (%)

Company Market Share (%) SICK AG 21% Banner Engineering 15% SensoPart Industriesensorik GmbH 13% Rockwell Automation 12% Ifm Electronic GmbH 3% Others 8% Source: IndustryARC Analysis, Annual Reports SICK AG, Banner Engineering, SensoPart and Rockwell Automation are the top four

companies in the market and they together occupy around 61% market share. These companies

have their products in RGB/Color sensor, Luminescence, Print mark sensor and Contrast

sensor segment types. The above table shows the percentage breakdowns of these companies in

the global color detection sensors market landscape.

FIGURE 10: GLOBAL COLOR DETECTION SENSORS MARKET, COMPETITIVE SHARE ANALYSIS, 2013 (%)

Source: IndustryARC Analysis, Annual Reports

21%

15%

13% 12%

9%

8%

6%

5% 3%

8%

SICK Banner Engineering SensoPart Rockwell Automation Pepperl+Fuchs

Hamamatsu EMX Industries Sensormation ifm Others

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Most of the companies produce and distribute RGB type color sensor models but very few are

producing brightness sensors currently. EMX Industries and Sensormation are the key

brightness sensor OEMs in the industry. Pepperl+Fuchs, SICK, Baluff and Banner are key

companies in the Luminescence sensor market. Hamamatsu Photonics, SICK, Pepperl+Fuchs,

SensoPart, Keyence are the major players in the color/RGB Sensor market. SensoPart,

Panasonic, Omron, Rockwell Automation are the top players in the Print mark sensor market

for 2013.

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4. Global Optical Sensors – Market Forces 4.1. MARKET DRIVERS 4.1.1. Demand from Automation Industry Driving Growth of Optical Sensors The global automation industry, particularly the process automation and industry is growing at

around 6.3% and they are the primary growth drivers for the global optical sensors market.

Increasing use of automation in different industry verticals like food and beverage, chemicals,

petrochemicals, paper and pulp, packaging drives the need for installation of products or

hardware which uses optical sensors on a larger scale. Image sensors are used in machine vision

based products for assembly line monitoring and other automation purposes. Color sensors for

example are used in the packaging, food and beverage industry for accuracy purposes. Compared

to image sensors they are cheaper, faster and can be replaced easily.

FIGURE 14: GLOBAL PROCESS AUTOMATION AND INSTRUMENTATION MARKET REVENUE, 2012 - 2018 ($BN)

Source: IndustryARC Analysis, Expert Interviews, Secondary Sources, Trade Bodies and Associations The global process automation market revenue is expected to grow from $87.67 billion in 2013,

to $119.29 billion in 2018, at an estimated CAGR of 6.4% from 2013 to 2018. Also, the process

instrumentation market is expected to grow from $23.67 billion in 2013, to $31.71 billion in

2018, with a CAGR of 6%.The instrumentation market is governed by the major players like

Emerson Electric Co. (U.S.), Yokogawa Electric Corporation, Inc. (Japan) and Endress+Hauser

(Switzerland), among others. The APAC region is expected to rejuvenate the process automation

0

20

40

60

80

100

120

140

2012 2013 2014 2015 2016 2017 2018

Process Automation Process Instrumentation

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market owing to the escalated demands from the oil and gas extraction, wastewater treatment,

and pharmaceutical verticals.

6.8. COLOR SENSORS The Color Detection sensor market is a key to successful industry automation. This market has

been witnessing tremendous growth due to increasing industries and new technological

advancements. Advanced Economies also maintain a stable growth mainly due to

reimbursements offered for specific equipment and health policies of government and private

entities. Portability, customization, ease of use, and automation are the key factors that Color

Detection sensors market players use to differentiate their products and services.

The various types of sensors in the market include color sensors, color mark sensors,

luminescence sensors and contrast sensors. Color sensors monitor color consistency in

applications such as plastics, textiles and other such constant production processes. Color mark

sensors are effective in detecting colors at high speeds. Luminescence sensors are used in paint,

grease and other such adhesives industries. Contrast sensors are used mainly to detect

registration marks and objects in general. These are the various applications of color detection

sensors.

The Color Detection sensors equipment and services market is slated to grow at 5.9% year on

year for the next five years. The market is estimated to reach $2.45bn by 2018

TABLE 46: GLOBAL COLOR DETECTION SENSORS MARKET REVENUE, BY TYPE (2013-18) ($BN)

Type 2013

2015 2017 2018

CAGR (%) (2013-2018)

RGB sensors 0.68 0.72 0.77 0.81 3.6% Color mark sensors 0.16 0.18 0.20 0.22 6.6% Luminescence sensors 0.23 0.27 0.32 0.34 8.1% Contrast sensors 0.34 0.38 0.43 0.46 6.2% Brightness Sensor 0.43 0.49 0.56 0.62 7.6% Total 1.84 2.04 2.28 2.45 5.9% Source: IndustryARC Analysis

The demand for Color Detection sensors services is growing at a steady pace across the globe.

Color detection sensors are used in all industries for detecting and differentiating different

colors, with the demand increasing mainly due to global investment patterns. Other such factors

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include developments in automation market, increasing demand from end users and innovation

in the technology which impact color sensor market.

Color sensors provide some reliable solutions to complex automation challenges. They are used

for various purposes like detecting components, matching color of different components,

verifying steps in manufacturing process, detecting color marks on parts, product packaging, and

monitoring color of adhesive tape and so on. It has a wide range of applications in the industrial

automation segment.

Current lineup of color sensors have significant improvements like higher precision,

detection of more colors and smaller package size. Use of lustrous and metallic paints,

inks in products demands the need for better color sensors, contrast and brightness

sensors for accurate identification purposes.

As the speed of assembly lines have increased tremendously over the years, detection

systems also need to increase their speed, precision as the part has to be identified, error

correction done and communicated to the controlling unit in fractions of a second.

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RESEARCH METHODOLOGY The quantitative and qualitative data collected for the Optical Sensor Market report is from a

combination of secondary and primary sources. Research interviews were conducted with senior

executives and/or managers of leading optical sensor solution providers. These Key Opinion

Leaders (KOLs) were then provided a questionnaire to gather quantitative and qualitative inputs

on their operations, performance, strategies and views on the overall market, including key

developments and technology trends. Data from interviews is consolidated, checked for

consistency and accuracy, and the final market numbers are again validated by experts. The

global market was split by product types and geography based on different factors like primary

and secondary sources, understanding of the number of companies operating in each segment

and also KOL insights.

We have used various secondary sources such as directories, articles, white papers, newsletters,

annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and

collect information for extensive technical and commercial study of the optical sensor market.

The following secondary sources were also used in the production of report and in triangulation

of data points.

Automation Federation

International Society of Automation

Advancing safety in Medical Instrumentation

Shanghai Optoelectronics Trade Association

The Association for Medical Imaging Management

The Optical Society

Association of Medical Imaging Management

MEMS Industry Group

The key players in the market and its value chain were identified through secondary research and

their market opinions were also gathered in a similar way through telephonic interviews and

questionnaires. We have also studied the annual reports of these top market players. Interviews

with key opinion leaders such as directors, managers, marketing personnel were used extensively

in understanding the need and emergence of optical sensor market.

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We also have extensive database of contacts which were used to conduct primary interviews and

also to get their inputs using questionnaires. The following companies were covered during

primary research:

Metso Automation

B-Scada

Siemens

HPCL

Omron

Eaton

Rockwell Automation

Sick AG

Our in-house reports database pertaining to level sensors, distance measurements sensors, image

sensors, proximity sensors and MEMS markets were also used to identify market trends and to

get the historic, base market data for conducting the overall Optical Sensors Market Study.

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THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence.

THE ARC PROCESS

ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL

Analytical Method

Base Method Consolidation Method

Delphi Verification

1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model

1. Get a top-down estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years 4. Build the Base model

1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model

1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model

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