Photonic sensors: Key market research findings
- High demand for fiber-optic sensors from food and packaging industry
- Increasing demand for photonic sensors in defense sector
Technavio has released a new market research report on the global photonic sensor market, which is expected to grow at a CAGR of around 16% between 2016 and 2020. Photonic sensors are devices that have the capability to sense light and release electrical pulses. These sensors have gained immense importance in commercial applications, owing to their distributed sensing and resistance to electromagnetic interference. Due to their non-electrical sensing capability, these devices function efficiently in harsh conditions such as environments with electromagnetic interference and explosion-prone areas. The Americas is the largest revenue-contributing region in the photonic sensors market, accounting for 43% of the overall market share. Much of this region’s growth comes from the high adoption rate of photonic sensors in the manufacturing, industrial automation, and oil and gas industries and the presence of several well-established vendors.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing increased deployment of fiber-optic sensors in the food and packaging industry. The fiber-optic sensors minimise the packaging time for food products due to the ability to count and align products moving on conveyor belts efficiently. For instance, improper alignment along the sealing of bottle caps can be detected with the effective deployment of fiber-optic sensors. Moreover, these sensors are used for labeling and barcode detection for products, which helps in improving packaging and dispatch systems for manufacturers,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
Advances in sensing technology have made it possible to mitigate any security issues. The defense sector is increasingly using this technology to neutralize the possible terrorist attacks. Photonic sensors can be used to counteract against terrorists or militants or even a nation. These sensors have the capability to alert the military or security about any possible attack including biological, chemical, and nuclear. Some photonic sensors, such as ion mobility spectroscopes, light detection and ranging systems, and gas chromatography–mass spectroscopes, are highly reliable and efficient in the detection of weapons and traces of explosives such as RDX, TNT, and SEMTEX deployed by terrorists.
The major players in the global photonic sensor market market are Baumer, Banner Engineering, OMRON, and Hamamatsu Photonics. The market is highly competitive with the presence of a large number of small and big vendors. New vendors are collaborating with major vendors to attain strategic gain in this high growth market
A more detailed analysis is available in the Technavio report, Global Photonic Sensors Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
