Press release
Photonic Sensors Market is Expected to Reach USD 20 Billion by 2022
Photonic Sensors Market
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Photonic Sensors Market Research Report - Forecast to 2022”.
Market Highlights:
The study reveals that photonic sensors is trending the electronics market. Innovation is the key driver for photonic sensors. Photonic Sensors has many benefits as, lightweight, cost effective, portable, power saving and many more. Investments and technological developments in fiber optics is the key factor driving the Photonic Sensors market.
The study indicates that needs for enhanced safety and security solution is also boosting the photonic sensors market. The study indicates that the ongoing trend of factory automation is also boosting the photonic sensors market. It has been observed that the high initial investments required for the photonic sensors is a major challenge for the photonic sensors market. Apart from it the study indicates that the lack of technological and industrial standards is also a restraining factor for the photonic sensors market.
As per a recent news U.S. Department of Defense (DoD) says that they are investing for developing photonic sensors for applications such as environmental monitoring, disease diagnosis, chemical and biological weapons detection, and food safety. The news says that this $900,000 project will be supported by $1.41 million in funds from the American Institute for Manufacturing Integrated Photonics (AIM Photonics) industrial members led by the University of Rochester.
The Photonic Sensors Market is growing rapidly over 15% of CAGR and is expected to reach at USD ~20 billion by the end of forecast period.
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Key Players of Photonic Sensors Market:
• 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.)
Photonic Sensors Market Segmentation:
The Photonic Sensors Market has been segmented on the basis of type, technology, end-user and region. Looking through the type segment it has been observed that bio photonic sensors are expected to show substantial increase in Photonic Sensors market. It has been observed that recently the Bio photonic sensors are widely used for military and homeland security applications. By the end-users segment, defense sector would dominate the Photonic Sensors market. The study reveals that healthcare segment is expected to show a positive growth during the forecast period 2016-2022.
Brief TOC:
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
Continue…
Market Research Analysis:
On geographic basis, Photonic Sensors market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the Photonic Sensors market owing to the high developments in fiber optics. Study shows that European region has a positive growth in the Photonic Sensors market. Whereas the Asia-pacific region is expected to show a significant growth in the photonic sensors market by the end of forecast period.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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