According to Cognitive Market Research, the global Optical Sensor market size will be USD 25815.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.30% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 10326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7744.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5937.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1290.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 516.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031.
The Extrinsic Sensor held the highest Optical Sensor market revenue share in 2024.
