A device that senses light and converts it to electric signal is referred to photonic sensors. Photonic sensing technology integrates emission of light, detection, transmission by fiber optics, optical components. Photonic sensors are used in many applications such as Lidar, Ladar, Laser Induced Fluorescence (LIF), calorimetry, scintillation detection, spectroscopy, biological fluorescence detection, and other. The photonic sensors have an ability to provide accurate results, cost effective sensing solution and others.
The study indicates that innovations in the fiber optics field have boosted the photonic sensors market. Apart from it the need for enhanced safety and security solution also drive the Photonic Sensors Market. It has been observed that there has been a considerable rise in wireless sensing technologies which is responsible for the growth in the photonic sensors market. The study indicates that photonic sensors benefits by providing cheaper, lighter, smaller and faster products and components with great functionality with less energy.
The study indicates that photonic industry is focusing on development of efficient products, eco-friendly and energy saving photonic sensors would be introduced to the market. These photonic sensors would help in increasing the green footprint. The global photonic sensors market has been segmented on the basis of type, technology, end-user and region. The type and technology segment of photonic sensors market consist of Fiber optic sensors, Image sensors, Bio photonic sensors and their respective technologies.
The global Photonic Sensors market is expected to grow at USD ~20 Billion by 2022, at ~15% of CAGR between 2016 and 2022.
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The prominent players in the Photonic Sensors Market are – Oxsensis (UK), Intevac, Inc. (U.S.), Prime Photonics (U.S.), Smart Fibres (UK), Mitsubishi Electric Corporation (Japan), Samsung Electronics Co. Ltd.(South Korea), Toshiba Corporation (Japan), General Electric Company (U.S.), Banpil Photonics, Inc (U.S.), NP Photonics, Inc.(U.S.) among others
The global photonic sensors market has been segmented on the basis of type, technology, end-user and region.
Photonic Sensors Market by Type:
- Fiber optic sensors
- Image sensors
- Bio photonic sensors
Photonic Sensors Market by Technology:
- Fiber optic technology
- Imaging technology
- Bio photonic technology
Photonic Sensors Market by End-user:
- Oil & gas
- Industrial Manufacturing
- Consumer electronics
The regional analysis of Photonic Sensors market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid developments in sensors has driven the market of Photonic Sensors in North America. It has been observed that North America region is the leading in Photonic Sensors market it is followed by Europe and Asia-Pacific region. The study reveals that Asia-Pacific and Latin America region is going to grow significantly over the forecast period. Asia-Pacific countries like Japan, Taiwan, and South Korea have a fair share in the Photonic Sensors market.
Study Objective of Photonic Sensors Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Photonic Sensors Market
- To provide insights about factors affecting the market growth
- To analyze the Photonic Sensors market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by technology, by type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Photonic Sensors Market.
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- Technology investors
- System Integrators
- Government Organizations
- Sensors manufacturers
- Research/Consultancy firms
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