Photonic Sensors Market 2018: Global Opportunities, Analytical Overview, Development Strategy, Key Players Analysis, Regional Trends and Industry Growth with 15% of CAGR by Forecast 2022

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Market Research Future published a research report on “Photonic Sensors Market Research Report – Global Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Global Photonics Sensors Market   – Overview

A photonic sensor produces electrical signals by converting the light imposed on it. Photo sensors make use of optical components, light source, and transmission. Photonic sensors are being deployed in many applications such as temperature and humidity measurements, spectroscopy, biological fluorescence and many more. Instead of using batteries, photonic sensors make use of light which is delivered through fibres. The light through photonic crystal fiber is varied by using structural parameters, resulting improving of temporary field which is used in gas and chemical sensors. In general, photonic sensors are classified according to the principle of light, they are reflective model, thrubeam model, retro reflective model, diffuse and many more.

The increase in usage of wireless sensors in industries demand improved safety devices and adoption of fibre optic sensors in oil and gas industries are the major driving factors for global photonics sensors market. The increasing investments in research and development from major market players and substitute for existing conventional technology are fuelling the market growth.  Lack of awareness and high initial investments are hindering the market growth.

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Industry News

January, 2018 – BRIDG, a technological start-up for manufacturing processes, is about to enter a partnership with Face International Corporation which is specialized in piezoelectric composite technology for developing evercell power cell. This technology is designed for reaping thermal energy using photonic cells which helps in generating power for wireless IoT devices without need for batteries.

February, 2018 – German-based research association Fraunhofer Institute for Photonic Microsystem is developing wireless radio-frequency identification (RFID) sensor using blockchain technology primarily for transportation and logistics sector. By using blockchain technology, the in supply chain and logistics help in reducing errors and frauds and helps in speedy deliveries.

Key Players

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

Segments:

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
  • Others

Photonic Sensors Market by Technology:

  • Fiber optic technology
  • Imaging technology
  • Bio photonic technology
  • Others

Photonic Sensors Market by End-user:

  • Oil & gas
  • Defense
  • Transport
  • Energy
  • Healthcare
  • Industrial Manufacturing
  • Consumer electronics
  • Others

Regional Analysis:

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.

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Intended Audience

  • Technology investors
  • System Integrators
  • Government Organizations
  • Sensors manufacturers
  • Research/Consultancy firms

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