Global Photonic Sensor Market to grow at a CAGR of 15.72% during the period 2016 - 2020; Finds New Report

Report forecast the global photonic sensor market to grow at a CAGR of 15.72% during the period 2016-2020.

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.

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

According to the report, technological growth and optimization in the fields of semiconductor, material science, and networking is driving the deployment of wireless sensing technology and networks. Today’s new-generation wireless networks are completely different from those deployed about 5-10 years back. The new wireless networks are rugged and long lasting, and have low deployment and maintenance costs.

Further, the report states that one of the major issues hindering the growth of global photonic sensor market is the high initial costs and upgrading costs from conventional sensors to the different types of photonic sensors.

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 players in the Global Photonic Sensor Market: Banner Engineering Corp., Baumer, Hamamatsu Photonics K.K., OMRON Corporation, and ON Semiconductor.

Other Prominent Vendors in the market are: A2 Photonic Sensors, Avago Technologies, BaySpec, Banpil Photonics, Brandywine Photonics, Fiso Technologies, Honeywell International, Prime Photonics, Samsung Semiconductor, and 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

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?

Spanning over 56 pages and 30 Exhibit “Global Photonic Sensor Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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