Optical Sensors Market to Reach $78.28 Billion by 2035 Driven by Demand for Autonomous Systems, Precision Healthcare, and Industrial Automation

The global optical sensors market is projected to reach $78.28 billion by 2035, driven by the increasing demand for autonomous systems, precision healthcare, and industrial automation. The market is expected to grow at a CAGR of 10.36% during the forecast period 2026-2035. The market is undergoing a transformation with the commoditization of high-performance hardware and rapid cross-sector diversification. The automotive sector remains the primary volume catalyst, with RoboSense and Hesai collectively shipping nearly 400,000 LiDAR units in H1 2024.