Press release
Photonic Sensor Market 2016 to grow at a CAGR of 15.72% during the period to 2020
The use of light as an instrument of precision creates numerous opportunities for sensing technology and analytics. Photonic sensors are devices that have the capability to sense light and release electrical pulses. Since their introduction, the devices have evolved continuously and are being used in several industries. The use of photonic sensing technology has the following benefits:
• Detect and warn of biological hazards
• Detect structural flaws
• Improve homeland security and mitigate security threats by using wireless systems integrated with photonic sensors
Special properties such as distributed sensing and resistance to electromagnetic interference have made photonic sensors popular in commercial applications. These sensors are ideal in numerous application areas such as factory automation, automobiles, and medical devices as they are light, fast, and compact; require low energy; possess superior detection ability; and have a superior resolution compared to traditional sensors.
Global photonic sensor market to grow at a CAGR of 15.72% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global Photonic Sensors for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of different types of photonic sensors.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• Europe
Global Photonic Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Banner Engineering Corp.
• Baumer
• Hamamatsu Photonics K.K.
• OMRON Corporation
• ON Semiconductor
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Other prominent vendors
• A2 Photonic Sensors
• Avago Technologies
• BaySpec
• Banpil Photonics
• Brandywine Photonics
• Fiso Technologies
• Honeywell International
• Prime Photonics
• Samsung Semiconductor
• Smart Fibres
Market driver
• Advent of wireless sensing technology
• For a full, detailed list, view our report
Market challenge
• High initial and upgrading costs
• For a full, detailed list, view our report
Market trend
• Implementation of Internet of Things (IoT)
• For a full, detailed list, view our report
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