According to the new market research report by IndustryARC titled "Optical Sensors Market: By Types (Position, Light, Image, Photoelectric, Photo detectors, Motion, Others); By Verticals (Material Handling, Building Automation, Manufacturing, Packaging, Security & Surveillance, Others); By Application (Ambient Light sensor, Pressure sensor, Temperature, Displacement, Water level indication); By Geography – Forecast (2018-2023)", the market is driven by the rising demand from automation industry and rising penetration of smartphones in the global market.