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Photonic Sensors Market Opportunities, Challenges and Growth Factors 2022
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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.
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.
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The global Photonic Sensors market is expected to grow at USD ~20 Billion by 2022, at ~15% of CAGR between 2016 and 2022.
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
The global photonic sensors market has been segmented on the basis of type, technology, end-user and region.
Photonic Sensors Market by Type:
- Fiber optic sensors
- Image sensors
- Bio photonic sensors
Photonic Sensors Market by Technology:
- Fiber optic technology
- Imaging technology
- Bio photonic technology
Photonic Sensors Market by End-user:
- Oil & gas
- Industrial Manufacturing
- Consumer electronics
The regional analysis of Photonic Sensors market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid developments in sensors has driven the market of Photonic Sensors in North America. It has been observed that North America region is the leading in Photonic Sensors market it is followed by Europe and Asia-Pacific region. The study reveals that Asia-Pacific and Latin America region is going to grow significantly over the forecast period. Asia-Pacific countries like Japan, Taiwan, and South Korea have a fair share in the Photonic Sensors market.
- Technology investors
- System Integrators
- Government Organizations
- Sensors manufacturers
- Research/Consultancy firms
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Table of Contents:
LIST OF TABLES
Table 1 Photonic Sensors Market, By Type
Table 2 Photonic Sensors Market, By Technology
Table 3 Photonic Sensors Market, By End-User
Table 4 Photonic Sensors Market, By Regions
Table 5 North America Photonic Sensors Market, By Type
Table 6 North America Photonic Sensors Market, By Technology
Table 7 North America Photonic Sensors Market, By End-User
Table 8 U.S. Photonic Sensors Market, By Type
Table 9 U.S. Photonic Sensors Market, By Technology
Table 10 U.S. Photonic Sensors Market, By End-User
Table 11 Canada Photonic Sensors Market, By Type
Table 12 Canada Photonic Sensors Market, By Technology
Table 13 Canada Photonic Sensors Market, By End-User
Table 14 Europe Photonic Sensors Market, By Type
Table 15 Europe Photonic Sensors Market, By Technology
Table 16 Europe Photonic Sensors Market, By End-User
Table 17 Germany Photonic Sensors Market, By Type
Table 18 Germany Photonic Sensors Market, By Technology
Table 19 Germany Photonic Sensors Market, By End-User
Table 20 France Photonic Sensors Market, By Type
Table 21 France Photonic Sensors Market, By Technology
Table 22 France Photonic Sensors Market, By End-User
Table 23 U.K. Photonic Sensors Market, By Type
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