Press release
Photonic Sensors Market 2019 Global Leaders: Smart Fibres, Oxsensis, Inteva, Prime Photonics, Samsung Electronics, General Electric Company, Banpil Photonics
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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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 - 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.
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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