Market Overview:
The global photonic sensors market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for photonic sensors in various applications, such as homeland security, factory automation, transportation, military and defence, industrial process and others. In addition, the growing demand for miniaturized and low-power photonic sensors is also contributing to the growth of this market.
Product Definition:
A photonic sensor is a device that uses light to measure or detect a physical quantity. Photonic sensors are important because they can be used to measure things that are difficult or impossible to measure with other types of sensors. For example, photonic sensors can be used to measure the temperature of objects without touching them, which is important for applications like medical diagnostics and food safety.
Image Sensors:
The image sensors market is expected to witness significant growth over the forecast period owing to increasing demand for digital cameras and their accessories. Image sensors are used in digital cameras, mobile phones, surveillance systems, etc.
Fibre Optic Sensors:
Fibre optic sensors are used in photonic sensors market owing to their properties such as high bandwidth, low noise, and high sensitivity. Fibre optic sensor is a transducer that converts optical signals into electrical signals. It has wide application areas including security systems, telecommunication systems, medical instruments & equipment and automotive safety devices among others.
Application Insights:
The homeland security segment dominated the global photonic sensors market in terms of revenue in 2017. Photonic sensors are used for a variety of applications such as airport security, access control, and monitoring environmental conditions. The increasing adoption of bi-directional optical fibres for data communication and sensing has led to the development of innovative solutions that enhance overall efficiency across various application areas.
The industrial automation segment is anticipated to witness significant growth over the forecast period owing to rising demand from manufacturing sectors such as automotive, aerospace and defense among others. Photonic sensor technology helps improve plant safety by reducing human errors through advanced process control while enhancing asset utilization through more efficient plant operations & maintenance tasks. These factors are projected to drive product demand over the forecast period thus contributing toward market growth in North America and Europe regions respectively.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industry players and increased adoption of technologies across various industrial sectors. The region is expected to maintain its dominance over the forecast period due to increasing investments in research & development activities for developing advanced sensors.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing to rapid developments taking place in end-use industries such as healthcare, manufacturing, oil & gas, and others. Increasing demand for photonic sensors from these sectors is driving growth across this region. Moreover, rising government initiatives towards deploying innovative solutions for better security are expected drive growth across this region.
Growth Factors:
- Increasing demand for miniaturization in sensing devices
- Rising demand from the medical sector for early disease diagnosis and treatment
- Growing popularity of photonic sensors in automobiles for safety and security applications
- Proliferation of Internet of Things (IoT) and increasing demand for smart sensors
- Technological advancements leading to development of novel photonic sensor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Photonic Sensors Market Research Report
By Type
Image Sensors, Fibre Optic Sensors, Bio Photonic Sensors, Others
By Application
Homeland Security, Factory Automation, Transportation, Military and Defence, Industrial Process, Others
By Companies
Honeywell International, Samsung, Toshiba, Mitsubishi Electric, Fujifilm, Hamamatsu Photonics, Banner Engineering, Baumer Holding, Truesense Imaging, Omron Corporation, Pointsoure
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photonic Sensors Market Report Segments:
The global Photonic Sensors market is segmented on the basis of:
Types
Image Sensors, Fibre Optic Sensors, Bio Photonic Sensors, Others
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
Homeland Security, Factory Automation, Transportation, Military and Defence, Industrial Process, Others
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:
- Honeywell International
- Samsung
- Toshiba
- Mitsubishi Electric
- Fujifilm
- Hamamatsu Photonics
- Banner Engineering
- Baumer Holding
- Truesense Imaging
- Omron Corporation
- Pointsoure
Highlights of The Photonic Sensors 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:
- Image Sensors
- Fibre Optic Sensors
- Bio Photonic Sensors
- Others
- By Application:
- Homeland Security
- Factory Automation
- Transportation
- Military and Defence
- Industrial Process
- Others
- 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 Photonic Sensors 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Photonic sensors are devices that use light to detect and measure physical or chemical properties. They can be used in a variety of applications, including security, environmental monitoring, and medical diagnostics.
Some of the major companies in the photonic sensors market are Honeywell International, Samsung, Toshiba, Mitsubishi Electric, Fujifilm, Hamamatsu Photonics, Banner Engineering, Baumer Holding, Truesense Imaging, Omron Corporation, Pointsoure.
The photonic sensors market is expected to register a CAGR of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photonic Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photonic Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photonic Sensors Market - Supply Chain
4.5. Global Photonic Sensors Market Forecast
4.5.1. Photonic Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photonic Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photonic Sensors Market Absolute $ Opportunity
5. Global Photonic Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photonic Sensors Market Size and Volume Forecast by Type
5.3.1. Image Sensors
5.3.2. Fibre Optic Sensors
5.3.3. Bio Photonic Sensors
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photonic Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photonic Sensors Market Size and Volume Forecast by Application
6.3.1. Homeland Security
6.3.2. Factory Automation
6.3.3. Transportation
6.3.4. Military and Defence
6.3.5. Industrial Process
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photonic Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photonic Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photonic Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photonic Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photonic Sensors Demand Share Forecast, 2019-2026
9. North America Photonic Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photonic Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photonic Sensors Market Size and Volume Forecast by Application
9.4.1. Homeland Security
9.4.2. Factory Automation
9.4.3. Transportation
9.4.4. Military and Defence
9.4.5. Industrial Process
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photonic Sensors Market Size and Volume Forecast by Type
9.7.1. Image Sensors
9.7.2. Fibre Optic Sensors
9.7.3. Bio Photonic Sensors
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photonic Sensors Demand Share Forecast, 2019-2026
10. Latin America Photonic Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photonic Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photonic Sensors Market Size and Volume Forecast by Application
10.4.1. Homeland Security
10.4.2. Factory Automation
10.4.3. Transportation
10.4.4. Military and Defence
10.4.5. Industrial Process
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photonic Sensors Market Size and Volume Forecast by Type
10.7.1. Image Sensors
10.7.2. Fibre Optic Sensors
10.7.3. Bio Photonic Sensors
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photonic Sensors Demand Share Forecast, 2019-2026
11. Europe Photonic Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photonic Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photonic Sensors Market Size and Volume Forecast by Application
11.4.1. Homeland Security
11.4.2. Factory Automation
11.4.3. Transportation
11.4.4. Military and Defence
11.4.5. Industrial Process
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photonic Sensors Market Size and Volume Forecast by Type
11.7.1. Image Sensors
11.7.2. Fibre Optic Sensors
11.7.3. Bio Photonic Sensors
11.7.4 Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photonic Sensors Demand Share, 2019-2026
12. Asia Pacific Photonic Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photonic Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photonic Sensors Market Size and Volume Forecast by Application
12.4.1. Homeland Security
12.4.2. Factory Automation
12.4.3. Transportation
12.4.4. Military and Defence
12.4.5. Industrial Process
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photonic Sensors Market Size and Volume Forecast by Type
12.7.1. Image Sensors
12.7.2. Fibre Optic Sensors
12.7.3. Bio Photonic Sensors
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photonic Sensors Demand Share, 2019-2026
13. Middle East & Africa Photonic Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photonic Sensors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photonic Sensors Market Size and Volume Forecast by Application
13.4.1. Homeland Security
13.4.2. Factory Automation
13.4.3. Transportation
13.4.4. Military and Defence
13.4.5. Industrial Process
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photonic Sensors Market Size and Volume Forecast by Type
13.7.1. Image Sensors
13.7.2. Fibre Optic Sensors
13.7.3. Bio Photonic Sensors
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photonic Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photonic Sensors Market: Market Share Analysis
14.2. Photonic Sensors Distributors and Customers
14.3. Photonic Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fujifilm
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hamamatsu Photonics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Banner Engineering
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baumer Holding
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Truesense Imaging
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Omron Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pointsoure
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
