NEW YORK, Nov. 18, 2021 /PRNewswire/ -- The ultraviolet (UV) sensor market is set to grow by USD 2.14 billion, progressing at a CAGR of almost 21% from 2020 to 2025. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Broadcom Inc., Davis Instruments Corp., LAPIS Semiconductor Co. Ltd., Panasonic Corp., Silicon Laboratories Inc., Skye Instruments Ltd., Solar Light Co. Inc., STMicroelectronics NV., and Vishay Intertechnology Inc. are some of the major market participants. Although the increasing investments in the global smartphone market and improved efficiency in the automotive segment will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market witnessed maximum demand for UV sensors from the industrial end-user segment in 2020. The market growth in this segment will be significant during the forecast period. In terms of geography, APAC is expected to offer maximum growth opportunities for market players. The region currently holds 38% of the global market share and is expected to dominate the market growth over the forecast period. China and Japan are the key markets for ultraviolet (UV) sensors in APAC.
Ultraviolet (UV) Sensor Market 2021-2025: Vendor Analysis and Scope To help businesses improve their market position, the ultraviolet (UV) sensor market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Broadcom Inc., Davis Instruments Corp., LAPIS Semiconductor Co. Ltd., Panasonic Corp., Silicon Laboratories Inc., Skye Instruments Ltd., Solar Light Co. Inc., STMicroelectronics NV., and Vishay Intertechnology Inc.
The growing popularity of sensing technology is likely to emerge as one of the primary drivers of the market. However, technical challenges with UV sensors may threaten the growth of the market.
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 38%
Key consumer countries
US, China, Germany, Japan, and UK
Leading companies, competitive strategies, consumer engagement scope
Broadcom Inc., Davis Instruments Corp., LAPIS Semiconductor Co. Ltd., Panasonic Corp., Silicon Laboratories Inc., Skye Instruments Ltd., Solar Light Co. Inc., STMicroelectronics NV., and Vishay Intertechnology Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.