Sep 27, 2017   SOURCE: BusinessWire

UV Sensors - Strong from Automotive Sector Drives the Market | Technavio

Technavio market research analysts forecast the global UV sensor market to grow at a CAGR of more than 29% during the forecast period, according to their latest report.

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Technavio has published a new report on the global UV sensor market from 2017-2021. (Graphic: Busine ...

Technavio has published a new report on the global UV sensor market from 2017-2021. (Graphic: Business Wire)

The market study covers the present scenario and growth prospects of the global UV sensor market for 2017-2021. The report also lists industrial, consumer electronics, automotive, and medical as the five major end-user segments. The industrial segment held the largest share of the global market in 2016, and a similar trend is expected to continue during the forecast period.

According to Rohan Joy Thomas, a lead analyst at Technavio for embedded systems research, “The global UV sensor market is expected to exhibit an increasing growth trajectory because of the rising number of applications of sensors in the global market. UV sensors are one of the most important components of many wearables, smartphones, consumer electronics, and medical equipment.”

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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global UV sensor market:

  • Growing efficiency in automotive segment
  • High adoption of smartphones and tablets globally
  • Increasing demand for sensor technology in smart factories

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Growing efficiency in automotive segment

Modern-day cars are equipped with many sensors for various applications, and many more applications are expected to arise during the forecast period. In the automotive segment, consumers are increasingly demanding features that improve safety, stability, handling, comfort, performance, and convenience. UV imaging facilitates the automatic detection of scratches and digs on optical surfaces, such as lenses and windows in vehicles.

One of the important applications of UV is photolithography. It involves the inspection of photomasks with very fine lines and features to detect defects that may be submicron in size. The detection and fixation of defects in the early stages of production greatly improve the yield and reduce the wastage during production processes. These factors are expected to drive the global UV sensor market during the forecast period.

High adoption of smartphones and tablets globally

The shipments of smartphones are likely to reach more than 2.1 billion units by 2021 because of the availability of low-cost smartphones in the emerging markets, such as China and India, and the increasing Internet penetration worldwide. Tablets are poised to grow at a CAGR of more than 6% during the forecast period.

The growing trend of using mobile-based applications for the detection of UV radiation is expected to gain traction during the forecast period. This trend is complemented by the increasing number of smartphones in the market. The growing smartphone market will positively affect the global UV sensor market during the forecast period.

Increasing demand for sensor technology in smart factories

The need for smart factories has increased globally, and this trend will gain considerable traction during the forecast period. Factories in countries like China and Germany have automated the manufacturing processes. The end-to-end processes are automated in the factories using sensors, robots, ultrasonic systems, enterprise software, and automation solutions.

“The key benefits of linking factory processes using technology include less human involvement, minimum defects, reduced machine downtime, low operational costs, enhanced information sharing, operational control, and avoidance of major factory accidents. Companies in various industries are moving toward digitization for better process control, flexibility, and ease of monitoring, which augurs well for the growth of the market,” says Rohan.

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