Photonic Sensors Market 2019 Global Analysis by Key Leaders: Oxsensis, Intevac, Smart Fibres, Mitsubishi Electric, Prime Photonics, Samsung Electronics, General Electric Company, NP Photonics

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.

Market Scenario:

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.

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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.

Global Photonics Sensors Market - Segmentation

The Global Photonics Sensors Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by type: Comprises Fiber optic sensors, image sensors, bio photonic sensors among others
• Segmentation by technology: Comprises Fiber optic technology, Imaging technology, Bio photonic technology and others.
• Segmentation by End-User: Comprises oil and gas, Defense, transportation, energy, healthcare, consumer electronics and others.
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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

Global Photonics Sensors Market - Regional Analysis

North America holds the significant market share for global photonic sensors market followed by Europe and the Asia Pacific. The presence of substantial market players and increased adoption of photonic sensors among various industries are driving the market. Asia Pacific region is expected to show steep growth rate during the forecast period. Rising technological developments, low manufacturing costs and high focus in research and developments in developing countries like China, Taiwan and India are the major driving factors in the region.

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.

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Intended Audience

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

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