Optical Sensors Market Is Likely To Up Demand At A USD 54.83 Billion by 2030
San Francisco, 22 March 2024: The Report Optical Sensors Market Size, Share & Trends Analysis Report By Type (Extrinsic Sensor, Intrinsic Sensor), By Sensor Type (Fiber Optic Sensor, Photoelectric Sensor), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030 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. Industr