PUBLISHER: Grand View Research | PRODUCT CODE: 1433573
PUBLISHER: Grand View Research | PRODUCT CODE: 1433573
The global optical sensors market size is anticipated to reach USD 54.83 billion by 2030, registering a CAGR of 11.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Factors such as the rising adoption of automation in various industries and growing demand for consumer electronics products such as smartphones, laptops, & wearable smart devices are driving market growth. Moreover, the increasing demand for optical sensors in consumer electronics, healthcare, automotive, and aerospace & defense industries presents significant growth opportunities for the market.
Robots now perform various duties in electronics, industrial, and automobile manufacturing industries. Industrial robots use many sensors for excellent manipulation and control in industrial automation manufacturing techniques. The sensors enable it to respond to its surroundings flexibly, and cutting-edge sensor technology raises its IQ to new heights. Sensor technology is a critical applied science for industrial robots.
The growing use of industrial robots is expected to drive the optical sensors industry. For instance, India set a new installation record for industrial robots, reaching 4,945 units, marking a 54% surge compared to the prior year (3,215 units in 2020). It places India at the tenth position globally for annual installations, as the International Federation of Robotics (IFR) reported in their World Robotics report.