electronics-thumbnail.png

Photonic Sensors Market Size, Share, Trends, COVID-19 Impact and Growth Analysis Report - Industry Forecast (2022 to 2027)

Photonic Sensors Market Size (2022-2027)

 

The global Photonic Sensors Market size is approximately USD 13.45 billion in 2022 and is expected to reach USD 27.75 billion by 2027 with a CAGR of 15.7% during the forecast period.

 

A photonic sensor is a device that senses light and converts it to an electric signal. Photonics acts as a switch between the transmitter and receiver.

 

The photonic sensors market has experienced a radical change based on the research undertaken in the photonic technology sector. The photonic market is focusing on developing systemic products.

 

COVID-19 Impact on Photonic Sensors Market

 

SARS-CoV-2 is the cause for the sudden eruption of the novel coronavirus (COVID-19) pandemic. The World Health Organization (WHO) declared an emergency public health issue. During the pandemic, the production of photonic sensors has halted. The COVID-19 has created a negative impact on the sensors market due to the shortage of workforce. Due to the severe lockdown imposition, manufacturing units stopped their production.

 

MARKET DRIVERS

 

Worldwide brisk industrialization uncommonly over the developing economies, and adopting wireless sensing technology providing essential growth boost the photonic sensors market. Quick developments in sensors drive the photonic sensors market globally. The demand for enhanced safety and security solutions, superior and developed substitutes for conventional technology, and growing wireless sensing solutions influencing positively.

 

Advancements in photonic sensors in technology, the launch of integrated photonic sensors, and the development of 4D fiber optic sensors promote market growth. Development in wireless sensing technology and the demand for upgraded and developed and more efficient substitutes over conventional technologies surge the photonic sensors market growth.

 

MARKET RESTRAINTS

 

However, the absence of technological and industrialization standards hinders the photonic sensors market. Also, low awareness and high initial investments obstruct the market growth globally.

 

Segmentation Analysis

 

The global Photonic Sensors Market is categorized and sub-categorized based on the product type, and end-user.

 

Photonic Sensors Market - By Product Type

 

  • Fiber Optic Sensors
  • Image Sensors
  • Biophotonic Sensors
  • Others

 

The continuous technological advancements in fiber optics have to lead to the high adoption of photonic sensors. Based on the product type, the biophotonic sensors are more to be captivating segment across the photonic sensors market during the timeframe period.

 

Photonic Sensors Market - By End-User

 

  • Aerospace and Defense
  • Transportation
  • Manufacturing
  • Healthcare
  • Energy and Power
  • Others

 

Regional Analysis

 

North America is expected to account for the largest market share in photonic sensors. In the U.S., developments for photonics are increasing which in turn fuels the market growth. As per the latest news, the American Institute for Manufacturing Integrated Photonics (AIM Photonics) formed the central hub for USD 600 million public-private efforts to develop photonics manufacturing facilities.

 

Europe is a prominent revenue pocket in the photonic sensors markets globally. It is believed to gain second place over the next upcoming years.

 

Asia-Pacific region for photonic sensors market is envisioned to have observed the highest during the foreseen period. The growth in the region owes to increasing inclination in industrial automation, and in India and China, the expenditure for defense/military is on a high rise. The APAC countries are demanding more for fiber optic sensors fuels the market growth.

 

The Chinese government provides extensive military capital for the integration of modern technologies due to the reforms by the Community party of China.

 

Korea and China have registered the most growth in photonics and lasers over the recent years.

 

Latin America and the Middle East & African regions are expected to have a notable growth during the forecasted period.

 

Top Key Players of the Photonic Sensors Market

 

  1. A2 Photonic Sensors
  2. Mitsubishi Electric Corporation
  3. Smart Fibres Ltd
  4. Honeywell International Inc.
  5. Baumer Holdings AG
  6. OMRON Corporation
  7. Toshiba Corporation
  8. Samsung Electronics Co. Ltd
  9. Dongbu HiTek Co. Ltd. And Others are some major key players in the photonic sensors market.

 

Notable Developments in the Photonic Sensors Market

 

  • On July 14, 2022, Rockley Photonics introduced a new wearable digital health monitor, "clinic-on-the-wrist." The wristband contains a sensor module and communicates with custom cloud-based analytical engines through a dedicated smartphone app.
  • On April 16, 2022, DB HiTek disclosed that the company has developed a 110 nm-based global shutter and Single Photon Avalanche Diode (SPAD) processes. DB HiTek will extend the specialized image sensor business.

Chapter 1. Photonic Sensors Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Photonic Sensors Market  – Executive Summary

2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2021 - 2026

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Photonic Sensors Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Photonic Sensors Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Inventory Management Software Market –  Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Inventory Management Software Market – By Product Type

6.1. Fiber Optic Sensors

6.2. Image Sensors

6.3. Biophotonic Sensors

6.4. Others

Chapter 7. Inventory Management Software Market – By End-User

7.1. Aerospace and Defense

7.2. Tranportation

7.3. Manufacturing

7.4. Healthcare

7.5. Energy and Power

7.6. Others

Chapter 8. Photonic Sensors Market , By Geography – Market Size, Forecast, Trends & Insights

8.1. North America

                8.1.1. U.S.A

                8.1.2. Canada

                8.1.3. Mexico

8.2. Europe

                8.2.1. Italy

                8.2.2. Spain

                8.2.3. Russia

                8.2.4. Germany

                8.2.5. UK             

                8.2.6. France

                8.2.7. Rest of Europe

8.3. Asia Pacific

                8.3.1. Japan

                8.3.2. South Korea

                8.3.3. China

                8.3.4. India

                8.3.5. Australia & New Zealand

                8.3.6. Rest of Asia-Pacific

8.4. Rest of the World

                8.4.1. Middle East

                8.4.2. Africa

                8.4.3. South America

                                8.4.3.1 Brazil

Chapter 9. Photonic Sensors Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Company 1

9.2. Company 2

9.3. Company 3

9.4. Company 4

9.5. Company 5

9.6. Company 6

9.7. Company 7

9.8. Company 8

9.9. Company 9

9.10. Company 10

Download Sample

The field with (*) is required.

Choose License Type

$

2500

$

4250

$

5250

$

6900

Analyst Support

Every order comes with Analyst Support

Customization

We offer customization to cater your needs to fullest

Verified Analysis

We value Integrity, quality and authenticity the most