Market Overview:
The global biophotonic sensor market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for biophotonic sensors in various applications such as military, factory automation, transportation, biomedical and energy. In addition, the growing awareness about the benefits of using biophotonic sensors is also contributing to the growth of this market. Based on type, intrinsic sensors are expected to account for a larger share of the global biophotonic sensor market than extrinsic sensors during the forecast period. Intrinsic sensors are less expensive and easier to fabricate as compared to extrinsic sensors and thus they are more widely used in various applications.
Product Definition:
A biophotonic sensor is a device that uses light to detect and measure biological properties, such as the presence or concentration of a target molecule. Biophotonic sensors are often used in medical diagnostics and research.
Intrinsic Sensor:
Intrinsic sensors are photonic devices that operate according to the laws of nature for biological sensing. They have wide applications in biochemical, physiological and molecular biosensing owing to their inherent advantages such as small size, low cost and high sensitivity.
Extrinsic Sensor:
Extrinsic sensors are used to measure the light or any other electromagnetic radiation and convert it into an electrical signal. These sensors can be used in various applications such as medical, security, automotive and consumer electronics among others. The growing demand for miniaturization of devices has led to the development of extrinsic sensor technology which is leading to new avenues in healthcare, manufacturing & automation industry among others.
Application Insights:
The military application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growing use of biophotonics in defense applications such as night-vision goggles, laser-guided weapons, and sensor pods is expected to drive demand. Furthermore, increasing research & development activities by major players for developing advanced sensors that can detect heartbeats and breathing patterns are further anticipated to propel growth.
The transportation sector is estimated to register a CAGR of XX% from 2018 to 2030 on account of growing adoption across various industries such as automotive manufacturing, aerospace & defense industry etcetera owingto its ability to enhance performance characteristics including range anxiety reduction (in self-driving cars), enhanced vision at night time or in low light conditions (laser headlights), increased safety while driving through constant monitoring of traffic conditions (smart city project implementation) etcetera.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in R&D and technological advancements coupled with high disposable income of consumers and industrial workers.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand for sensors from various end-use industries such as healthcare, military, transportation, energy & utilities, factory automation etc. Rapid urbanization along with growing population has led to increased demand for transport facilities which will further boost regional product demand over the forecast period. Increasing foreign direct investment by leading sensor manufacturers are also expected favorably impact regional market growth during the same period (2016 - 2030). For instance; In 2016, Photonic Technology Inc.
Growth Factors:
- Increasing demand for biophotonic sensors in the medical field for early disease detection and treatment
- Growing popularity of biophotonic sensors in food and beverage industry for quality control and safety purposes
- Rising demand from defense sector for advanced security systems
- Proliferation of nanotechnology that is aiding development of novel biophotonic sensor technologies
- Growing investments by public and private organizations to support research and development of biophotonic sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Biophotonic Sensor Market Research Report
By Type
Intrinsic Sensor, Extrinsic Sensor
By Application
Military, Factory Automation, Transportation, Biomedical, Energy
By Companies
BIOSENSORS INTERNATIONAL, SIEMENS, GE Healthcare, Nova Biomedical, Johnson&Johnson, Honeywell, PHILIPS Healthcare, SMITH Medical, LifeSensors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Biophotonic Sensor Market Report Segments:
The global Biophotonic Sensor market is segmented on the basis of:
Types
Intrinsic Sensor, Extrinsic Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Factory Automation, Transportation, Biomedical, Energy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BIOSENSORS INTERNATIONAL
- SIEMENS
- GE Healthcare
- Nova Biomedical
- Johnson&Johnson
- Honeywell
- PHILIPS Healthcare
- SMITH Medical
- LifeSensors
Highlights of The Biophotonic Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Intrinsic Sensor
- Extrinsic Sensor
- By Application:
- Military
- Factory Automation
- Transportation
- Biomedical
- Energy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biophotonic Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biophotonic sensor is a device that uses light to measure or detect physical or chemical properties.
Some of the major companies in the biophotonic sensor market are BIOSENSORS INTERNATIONAL, SIEMENS, GE Healthcare, Nova Biomedical, Johnson&Johnson, Honeywell, PHILIPS Healthcare, SMITH Medical, LifeSensors.
The biophotonic sensor market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biophotonic Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biophotonic Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biophotonic Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biophotonic Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biophotonic Sensor Market Size & Forecast, 2020-2028
4.5.1 Biophotonic Sensor Market Size and Y-o-Y Growth
4.5.2 Biophotonic Sensor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Intrinsic Sensor
5.2.2 Extrinsic Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Factory Automation
6.2.3 Transportation
6.2.4 Biomedical
6.2.5 Energy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biophotonic Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biophotonic Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Intrinsic Sensor
9.6.2 Extrinsic Sensor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Factory Automation
9.10.3 Transportation
9.10.4 Biomedical
9.10.5 Energy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Intrinsic Sensor
10.6.2 Extrinsic Sensor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Factory Automation
10.10.3 Transportation
10.10.4 Biomedical
10.10.5 Energy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Intrinsic Sensor
11.6.2 Extrinsic Sensor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Factory Automation
11.10.3 Transportation
11.10.4 Biomedical
11.10.5 Energy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Intrinsic Sensor
12.6.2 Extrinsic Sensor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Factory Automation
12.10.3 Transportation
12.10.4 Biomedical
12.10.5 Energy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Intrinsic Sensor
13.6.2 Extrinsic Sensor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Factory Automation
13.10.3 Transportation
13.10.4 Biomedical
13.10.5 Energy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biophotonic Sensor Market: Competitive Dashboard
14.2 Global Biophotonic Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BIOSENSORS INTERNATIONAL
14.3.2 SIEMENS
14.3.3 GE Healthcare
14.3.4 Nova Biomedical
14.3.5 Johnson&Johnson
14.3.6 Honeywell
14.3.7 PHILIPS Healthcare
14.3.8 SMITH Medical
14.3.9 LifeSensors
