Market Overview:
The global photo resistor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for photo resistors in various applications such as astronomical exploration, defense, and others. Additionally, the growing demand for miniaturization and high-resolution imaging is also propelling the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market to some extent during the forecast period. On basis of type, cadmium sulfide material held a major share of the global photo resistor market in 2017 and is projected to maintain its dominance duringthe forecast period owingtoits properties such as low dark current and long storage life.
Product Definition:
A photo resistor is a type of resistor that varies its resistance in response to light. It is made of a material that exhibits photoconductivity, such as cadmium sulfide (CdS), selenium (Se), or mercury cadmium telluride (HgCdTe). When no light falls on the resistor, its resistance is high; when light falls on it, the resistance drops. This makes it useful in devices such as automatic streetlights, which turn off during the daytime when there is enough sunlight and turn back on at night.
Cadmium Sulfide Material:
Cadmium sulfide (CdS) is a chemical compound of cadmium, sulfur and selenium. It is produced by the reaction between sulfur and selenium dioxide in the presence of calcium sulfate or calcium carbonate as a catalyst. Cadmium Sulfide has applications in semiconductors, electronic components such as transistors & resistors, infrared radiation filters for optical fibers & windows, etc.
Lead sulfide material:
Lead sulfide material is used in photoresistive devices as it exhibits high resistance to photo-oxidation. It also has low dark current and good uniformity of response. The product finds application in a wide range of semiconductor devices such as transistors, diodes, integrated circuits (IC), and solar cells.
The global lead sulfide material market size was valued at USD 382 million in 2015.
Application Insights:
The defense application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. Photo resistors are used in military applications, such as missile defense systems, radars, communication devices and night-vision goggles. The others segment includes applications such as medical equipment and consumer electronics. photo resistors are used across a wide range of consumer products from smartphones to refrigerators that need high accuracy for performance or safety reasons.
Astronomical exploration is expected to be one of the fastest-growing segments owing to increasing probes sent into space by countries including China, India & Australia; U.S.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from end-use industries such as aerospace, defense, medical, industrial and others. In addition, rising investments by governments in developing countries are anticipated to drive industry growth.
Europe also held a significant share of global photo resistor market owing to high demand from automotive industry coupled with stringent government regulations regarding vehicular emission levels in countries like Germany and France among other nations within Europe region have been experiencing stiff competition between automobile manufacturers resulting into high demand for innovative solutions that would help reduce harmful emissions thus boosting product sales across this region.
Growth Factors:
- Increasing demand for photo resistor in automotive and consumer electronics applications
- Growing adoption of photo resistor in smart lighting and displays
- Rising demand for miniaturized photo resistors
- Proliferation of LED lighting technology
- Growing popularity of Internet of Things (IoT)
Scope Of The Report
Report Attributes
Report Details
Report Title
Photo Resistor Market Research Report
By Type
Cadmium Sulfide Material, Lead sulfide material, other
By Application
Astronomical Exploration, Defense, Others
By Companies
OKYSTAR, Clairex, Hamaysu, OKYSTAR
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Photo Resistor Market Report Segments:
The global Photo Resistor market is segmented on the basis of:
Types
Cadmium Sulfide Material, Lead sulfide material, other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Astronomical Exploration, Defense, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OKYSTAR
- Clairex
- Hamaysu
- OKYSTAR
Highlights of The Photo Resistor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cadmium Sulfide Material
- Lead sulfide material
- other
- By Application:
- Astronomical Exploration
- Defense
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photo Resistor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photo resistor is a component that helps to reduce the amount of light that enters an electronic device. This can be helpful in cases where the device needs to be used in low-light conditions, or when it is being used as part of a photography workflow.
Some of the major companies in the photo resistor market are OKYSTAR, Clairex, Hamaysu, OKYSTAR.
The photo resistor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photo Resistor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photo Resistor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photo Resistor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photo Resistor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photo Resistor Market Size & Forecast, 2018-2028
4.5.1 Photo Resistor Market Size and Y-o-Y Growth
4.5.2 Photo Resistor Market Absolute $ Opportunity
Chapter 5 Global Photo Resistor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photo Resistor Market Size Forecast by Type
5.2.1 Cadmium Sulfide Material
5.2.2 Lead sulfide material
5.2.3 other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photo Resistor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photo Resistor Market Size Forecast by Applications
6.2.1 Astronomical Exploration
6.2.2 Defense
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photo Resistor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photo Resistor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photo Resistor Analysis and Forecast
9.1 Introduction
9.2 North America Photo Resistor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photo Resistor Market Size Forecast by Type
9.6.1 Cadmium Sulfide Material
9.6.2 Lead sulfide material
9.6.3 other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photo Resistor Market Size Forecast by Applications
9.10.1 Astronomical Exploration
9.10.2 Defense
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photo Resistor Analysis and Forecast
10.1 Introduction
10.2 Europe Photo Resistor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photo Resistor Market Size Forecast by Type
10.6.1 Cadmium Sulfide Material
10.6.2 Lead sulfide material
10.6.3 other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photo Resistor Market Size Forecast by Applications
10.10.1 Astronomical Exploration
10.10.2 Defense
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photo Resistor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photo Resistor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photo Resistor Market Size Forecast by Type
11.6.1 Cadmium Sulfide Material
11.6.2 Lead sulfide material
11.6.3 other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photo Resistor Market Size Forecast by Applications
11.10.1 Astronomical Exploration
11.10.2 Defense
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photo Resistor Analysis and Forecast
12.1 Introduction
12.2 Latin America Photo Resistor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photo Resistor Market Size Forecast by Type
12.6.1 Cadmium Sulfide Material
12.6.2 Lead sulfide material
12.6.3 other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photo Resistor Market Size Forecast by Applications
12.10.1 Astronomical Exploration
12.10.2 Defense
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photo Resistor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photo Resistor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photo Resistor Market Size Forecast by Type
13.6.1 Cadmium Sulfide Material
13.6.2 Lead sulfide material
13.6.3 other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photo Resistor Market Size Forecast by Applications
13.10.1 Astronomical Exploration
13.10.2 Defense
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photo Resistor Market: Competitive Dashboard
14.2 Global Photo Resistor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OKYSTAR
14.3.2 Clairex
14.3.3 Hamaysu
14.3.4 OKYSTAR
