Fiber Optic sensor type segment to dominate the Saudi Arabia Optical Sensors market till 2026
Rapid infrastructural
development and supportive government initiatives are expected to drive the demand
for Saudi Arabia Optical Sensors market throughout the forecast period.
According
to TechSci Research report, “Saudi
Arabia Optical Sensors Market 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), By Region,
Company Forecast & Opportunities, 2026”, The Saudi Arabia Optical Sensors market is expected to
grow at a steady rate in the forecast period. Ongoing government initiatives
such as the construction of Neom City and the National Transformation Program
which aims to advance the existing infrastructure and invent and integrate new
technologies are expected to be the driving factor for the optical sensors
market growth in the next five years. The rise in adoption of the internet of
things technology by the prominent industry verticals owing to the Saudi Vision
2030 is fueling the demand for optical sensors. Optical sensors provide
comprehensive information of the physical phenomenon by monitoring optical
properties such as intensity, phase, frequency, polarization, and spectral
distribution. The use of fiber optics in the internet of things offers several
advantages such as high sensitivity, low latency, and long distributed range.
Measurement accuracy of internet of things technology can be increased by using
high-precision optical sensors. The required number of sensors for any
application can be reduced by using distributed optical sensing covering a
wider range with the help of a single sensor device. Remotely powered optical
sensors are cost-effective and are highly reliable.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities of Saudi Arabia imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Manufacturing units were temporarily shut down and the
workers moved back to their native places which led to the shortage of
workforce in the manufacturing industries. Disruption in the supply chain was
observed owing to the import and export and cross-border trade restrictions
which adversely impacted the optical sensors market growth during this period.
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Saudi Arabia Optical Sensors market is
segmented into type, technology, sensor type, application, regional
distribution, and company. Based on sensor type, the market can be divided into
fiber optic, image, position, ambient light and proximity, infrared, and
others. The fiber optic sensor type segment is expected to account for a major
market share in the forecast period, 2022-2026. Fiber optical sensors offer several
advantages over their counterparts such as they are immune to electromagnetic
interference, lightweight in nature, highly sensitive, and have larger
bandwidth. Fiber optic sensors can measure nearly all the physical measurements
such as pressure, temperature, flow, acceleration, force, humidity, magnetic
fields, displacement, rotation, electric fields, amongst others therefore, they
find application in different industrial sectors which in turn is boosting the
optical sensors market growth. Based on application, the market can be divided
into commercial, consumer electronics, medical, automotive, industrial, and
others. The medical application segment is expected to witness growth in the
next five years. Optical sensors can detect deformation, cracking, delamination
as well as can measure the vibrations. Optical sensors are light in weight,
immune to electromagnetic interference, and can be used for remote and
multi-position measurements. Optical Sensors also find application in the
biometric and biomedical sector for measuring the blood flow, obtaining
fingerprint images, find skin irritants, amongst others.
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, Silixa Ltd., among others are some of the leading players
operating in Saudi Arabia Optical Sensors market. Companies operating in the
market are using strategies such as joint ventures, product launches, mergers,
and research collaborations to boost their share and increase their geographic
reach.
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“The
growing youth population coupled with the booming gaming industry uses optical
sensors to provide flexibility and portability to the devices used in the
gaming industry is fostering the growth of the optical sensors market. The
growing demand for optical sensors in the gaming mouse provides higher sensitivity,
cost-effectiveness, consistency, and are highly accurate that is the major
reason for its high demand among gamers is influencing the Optical Sensors high
demand in Saudi Arabia. With the rise in demand for automation technology in
automobiles the optical sensors market is expected to witness significant
growth as it is used in automobiles for ultrasound sensors, vision sensors,
light sensors, pollution, and gas detection sensors. The high demand for
optical sensors from prominent industry verticals and applications is expected
to propel market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Saudi Arabia Optical Sensors Market 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), By Region, Company Forecast & Opportunities, 2026”, has evaluated the future growth potential of Saudi
Arabia Optical Sensors market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia Optical
Sensors market.
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