Report Overview

Saudi Arabia Optical Sensors Market is flourishing owing to the growing usage of optical sensors in everyday electronic devices such as smartphones, computers, Xerox machines, and smartwatches along with its wide applications in healthcare as well as the automotive industry...

Saudi Arabia Optical Sensors Market - Industry Trends & Forecast Report 2028

Saudi Arabia Optical Sensors Market is expected to grow at a CAGR of 17.4% during the forecast period (2022-2028). The fast expansion of the market is primarily due to the increasing adoption of consumer electronics products, particularly smartphones and smart tablets, which has an indirect impact on the growing demand for optical sensors. The integration of smartphones with features such as 3D mapping, restore recognition, eye tracking, and so on created opportunities for the use of optical sensors. Moreover, the growing need for enhanced security features in smartphones, such as on-screen fingerprint scans (an optical sensor that scans the fingerprint to give access to the smartphone), is propelling the optical sensors market forward. Furthermore, the expansion of IoT systems is one of the most important factors driving the growth of the optical sensors market.

Optical Sensor - Overview

Optical sensors are electronic devices that convert light or variations in light into electric signals that instruments can then interpret. These sensors are capable of detecting electromagnetic radiation with wavelengths ranging from infrared to ultraviolet. Moreover, they are precisely built to measure variations in light wavelength. The optical sensor, which is linked to a sensor, responds to variations in light within the sensor and displays the result. Furthermore, Optical sensors have gained enormous traction in the electronics industry over the last few decades. They have evolved into ideal contact-less detectors and are increasingly being used in a wide range of industrial and consumer applications such as automatic lamps, smartphones, smartwatches, position sensors, and photoelectric sensors.

Saudi Arabia Optical Sensors Market Forecast and Trends

Growth Drivers

Rising Demand for Optical Sensors in a Variety of End-Use Sectors

Optical sensors are seeing widespread deployment in the aerospace and defense industries, because of their ability to withstand harsh environments. Also, remote sensing is becoming an important factor in the increasing use of optical sensors for temperature measurement in chemical and furnace factories. Meanwhile, optical pressure measurement sensors are widely used in the oil and gas industry, which contributes to the growth of the optical sensor industry. Furthermore, the increased investments in smart cities, smart buildings, and smart home projects in the country are expected to extend the implementation of ambient light and intelligent lighting technologies, providing an opportunity for the optical sensor industry to grow. Optical sensors such as temperature, pressure, image, and motion sensors are expected to be widely used in industries such as healthcare, consumer electronics, and automotive.

Expanding Optical Sensors Applications in Industrial and Automotives

Optical sensors have wide applications in automobiles. These are generally used in advanced driver assistance systems for lane-keeping assistants, parking assistants, and emergency brake assistants. Optical sensors based on infrared lasers are widely used in automated machinery mainly for non-contact detection. This includes monitoring conveyor systems, transport, and assembly lines. Moreover, the optical sensor models such as laser radar, ground speed sensor, and ground view sensor (GVS), which function as a driving support system for a vehicle and detect the road environment. Increasing production and sales of these smart vehicles is therefore anticipated to accelerate the growth of the optical sensors market in the future. Furthermore, an optical sensor has various applications industrially. It can detect liquid levels in process engineering facilities, such as petroleum levels in tank farms and hydrocarbon refineries. All these factors boost the growth of the Saudi Arabia Optical Sensors Market during the forecast period (2022-2028).

Optical Sensors in Biomedical Applications

Optical sensors are widely used in the biomedical field. Some examples of optical heart rate monitoring using breath analysis and a tunable diode laser. An optical heart rate monitor uses light to determine your heart rate. The LED shines through the skin and is detected by the optical sensor. Which is mirrored in the past. More light is absorbed by the blood. As a result, a decrease in light level can be translated into a rise in heart rate. This is referred to as photoplasmography. All these factors boost the growth of the Saudi Arabia Optical Sensors Market during the forecast period (2022-2028).

Restraints

High Cost of Product Hinders the Market Growth

The disparity between image quality and price has increased competition, especially in the consumer electronics segment, where some of the most established players are facing peer pressure over optimal pricing. Several small players are also struggling with product differentiation, which could be a barrier to their entry into high-volume applications. In this case, successful product differentiation can shift a product's focus away from pure pricing and toward non-pricing factors. Therefore, the disparity between image quality, high cost, and product acceptability due to a lack of awareness tend to limit the growth of the optical sensor market.

Impact of COVID-19 on Saudi Arabia Optical Sensors Market

The COVID-19 outbreak has posed a significant challenge to national resources and the entire race to adapt to existing technologies and deploy new, innovative ones. As a result of the country shutdown scenario, the production of electronic components has been temporarily halted, disrupting the overall supply chain. In this time of crisis, the market is primarily driven by the applications of optical sensors in healthcare and emergency services to combat COVID through temperature and heartbeat monitoring, among other things. Manufacturing halts, disrupting the already unbalanced demand-supply scenario. Despite a demand shortfall due to the operations lockdown, the optical sensors market is expected to rebound quickly since the restrictions are lifted.

Saudi Arabia Optical Sensors Market - By Type

Based on the type, the Saudi Arabia Optical Sensors Market is segmented into Wired and Wireless. Among these, Wireless accounts for the largest market share owing to the ease of incorporating wireless optical sensors into devices. These are suitable for remote sensing and have a wide dynamic range, which is why they are preferred in various applications. Moreover, optical wireless sensors play a crucial role in collecting data in environmental, home security, industrial, and agricultural applications. All these factors propel the growth of the Saudi Arabia Optical Sensors Market during a forecast period (2022-2028).

Saudi Arabia Optical Sensors Market – By Technology

Based on material, the Saudi Arabia Optical Sensors Market is segmented into Hyperspectral imaging, Near IR Spectroscopy, Photo-Acoustic Tomography, and Optical Coherence Tomography. Among these.  

Saudi Arabia Optical Sensors Pad  Market - By Application

Based on application, the Saudi Arabia Optical Sensors Market is segmented into Commercial, Consumer Electronics, Medical, Automotive, Industrial, and Others. Consumer Electronics segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is because optical sensors are widely used in consumer electronics such as smartphones, computers, and so on. In consumer electronics, optical sensors have advantages such as extending battery life and optimizing screen brightness to match the amount of lighting in the environment. Moreover, the Automotive segment is expected to dominate the market owing to the rising focus on autonomous vehicles. Since the optical sensor is the important component used in autonomous cars. It helps to perceive the surroundings of the vehicle and convey them to the other systems efficiently. Thus, Increasing research and development of these smart vehicles is therefore accelerating the growth of the Saudi Arabia Optical Sensors Market during the forecast period (2022-2028).

Competitive Landscape

The leading market players in the Saudi Arabia Optical Sensors Market are SICK AG, Mouser Electronics, Inc., Eaton, Honeywell Turki Arabia Ltd, Rockwell Automation, Inc., ABB Electrical Industries Co. Ltd., Analog Devices Inc., Texas Instruments Inc., STMicroelectronics, and Silixa Ltd.

The Saudi Arabia Optical Sensors Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• Saudi Arabia had 34.84 million internet users in January 2022. At the start of 2022, Saudi Arabia's internet penetration rate was 97.9 percent of the total population. It is a region that is growing in terms of both the number of customers opting for smartphones and the number of ex-pats coming from various countries to invest in this region. This expansion of the Internet industry will aid the growth of the Optical Sensor market in this region.

Scope of the Report

By Type

• Wired
• Wireless

By Technology

• Hyperspectral imaging
• Near IR Spectroscopy
• Photo-Acoustic Tomography
• Optical Coherence Tomography

By Sensor Type

• Fiber Optic
• Image
• Position
• Ambient Light and Proximity
• Infrared
• Others

By Application

• Commercial
• Consumer Electronics
• Medical
• Automotive
• Industrial
• Others