Press release
Advanced Technologies : Photonic Sensor Market Globally Grow at a CAGR of 15.72% by 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.
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Technavios analysts forecast the 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.
The market is divided into the following segments based on geography:
Americas
APAC
Europe
Technavio's report, 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
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
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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
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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