PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070400
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070400
Photonic Sensors Market with COVID-19 Impact Analysis, By Product & Application Insights- Regional Outlook, Competitive Strategies and Segment Forecasts to 2027
REPORT HIGHLIGHT
The Photonic Sensors market is estimated to be worth US$ 20,154.6 million in 2020. Photonic Sensors market is expected to expand at a 17.7% CAGR during the forecast period.
Market Introduction
A photonic sensor is an electronic device that detects light and transforms it into an electrical signal. The photonic sensing technique combines light emission, detection, fiber optic transmission, and optical components. Techniques such as spectroscopy, biological fluorescence detection, laser-induced fluorescence, lidar, calorimetry, scintillation detection, radar, and other applications use photonic sensors. The emergence of and progress toward the industry 4.0 revolution, which is quickly becoming one of the defining themes of our time, offering the combination of AI, flexibility, connectivity, and high speed required to deliver next-level industrial productivity, is having a significant impact on the market.
Market Dynamics
The market for photonic sensors is mainly driven by the advancements and innovations in fiber optics technology and the expansion of sensor spectrum applications in various sectors. Optical instruments, components, lasers, nanophotonic systems, fiber optics, and electro-optical instrumentation are all used in photonic sensor technologies to detect, transmit, detect, amplify, and emit light. Photonic sensors provide faster, lighter, cheaper, and smaller components and devices with high functionality and low energy consumption, which is likely to propel the photonic sensor market forward throughout the study period. Photonic sensors, such as LED flashes, illumination, and image sensors, will become increasingly significant in next-generation smart gadgets, smart homes, and automobiles to enable new capabilities and bring new value. Furthermore, growing investments in innovative and advanced technologies, as well as a growing focus on industrial automation in the manufacturing industry and substantial infrastructural advancements in smart structures, are expected to provide significant potential for the photonic sensor market to flourish in the forecast period. However, market demand is expected to be hampered by a lack of technology and industry standards, as well as a large initial expenditure. In addition, the market expansion is likely to be hampered by a lack of knowledge and a scarcity of competent and trained personnel.
Segmentation Analysis
The photonic sensors market is segmented by product, application, regional distribution, and competitive landscape. Based on Type, the Energy and Power segment holds a significant share of 29% of the global photonic sensors market. The oil & gas sector, solar, thermal, and PV systems, and wind turbines all use optical and photonic sensors in their energy harvesting and power generation processes.
Wind energy output is quickly increasing in the United States and around the world, with the potential to generate at least 20% of the country's electricity by 2030. This trend is pushing the demand for larger multi-megawatt turbines, with rotor diameters well surpassing 100 to 120 meters, for utility-scale operation.
Competitive Landscape
The Photonic Sensors market is moderately concentrated and competitive, with leading players occupying 65% of the global market. Key market players are adopting strategies such as acquisitions, expansions, and new product development in order to maintain their leadership and strengthen their position in the photonic sensor market. For greater market sustainability, industry players are moving their focus to the creation of eco-efficient products. For instance,
In June 2020, KVH Industries launched the P-1775 inertial measurement unit (IMU), constituting PIC InsideTM photonic integrated chip. The technology can be integrated into the next-generation rocket launch vehicles.
in June 2018, Omron expanded its operation in China by inaugurating another factory in Shanghai, China, to increase the capacity of control equipment and, as a result, meet the country's rising demand for automation. Furthermore, the increasing demand for fiber optic sensors will propel the market forward in the region and provide significant opportunities for players in the market.
Key features of the study:
This proposed research study on Photonic Sensors market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Photonic Sensors market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Photonic Sensors market.
Impact of COVID-19 on Photonic Sensors market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Photonic Sensors market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Photonic Sensors market, we have also included competitive landscape and key innovator analysis for the Photonic Sensors market
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Photonic Sensors market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The Photonic Sensors market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
Photonic Sensors Market Key Players
Banner Engineering Corp.
Omron Corporation
DataLogic
Sick AG
Pepperl+Fuchs
Baumer Holding AG
STMicroelectronics NV
Keyence Corporation
Rockwell Automation
Autonics Corporation
Photonic Sensors Market by Product
Fiber Optic Sensors
Biophotonic Sensors
Image Sensors
Others
Photonic Sensors Market by Application
Manufacturing
Aerospace and Defense
Healthcare
Transportation
Energy and Power
Others
Photonic Sensors Market by Region
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
TABLE OF CONTENT
1. Photonic Sensors Market Overview
- 1.1. Study Scope
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Product
- 2.1.2. Market Snippet by Application
- 2.1.3. Market Snippet by Region
- 2.2. Competitive Insights
3. Photonic Sensors Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Photonic Sensors Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Photonic Sensors Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Photonic Sensors Market Landscape
- 6.1. Market Share Analysis, 2019
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Photonic Sensors Market - By Product
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product, 2020 & 2027 (%)
- 7.1.2. Fiber Optic Sensors
- 7.1.3. Biophotonic Sensors
- 7.1.4. Image Sensors
- 7.1.5. Others
8. Photonic Sensors Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
- 8.1.2. Manufacturing
- 8.1.3. Aerospace and Defense
- 8.1.4. Healthcare
- 8.1.5. Transportation
- 8.1.6. Energy and Power
- 8.1.7. Others
9. Photonic Sensors Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
- 9.2. North America
- 9.2.1. Overview
- 9.2.2. Key Manufacturers in North America
- 9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.2.4. North America Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.2.6. U.S.
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.2.6.3. U.S. Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.2.7. Canada
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3. Europe
- 9.3.1. Overview
- 9.3.2. Key Manufacturers in Europe
- 9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.3.4. Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.6. Germany
- 9.3.6.1. Overview
- 9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.6.3. Germany Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.7. Italy
- 9.3.7.1. Overview
- 9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.7.3. Italy Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.8. United Kingdom
- 9.3.8.1. Overview
- 9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.9. France
- 9.3.9.1. Overview
- 9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.9.3. France Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.3.10. Rest of Europe
- 9.3.10.1. Overview
- 9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.3.10.3. Rest of the Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4. Asia Pacific (APAC)
- 9.4.1. Overview
- 9.4.2. Key Manufacturers in Asia Pacific
- 9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.4.4. Asia Pacific Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.6. India
- 9.4.6.1. Overview
- 9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.6.3. India Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.7. China
- 9.4.7.1. Overview
- 9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.7.3. China Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.8. Japan
- 9.4.8.1. Overview
- 9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.8.3. Japan Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.9. South Korea
- 9.4.9.1. Overview
- 9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.9.3. South Korea Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.4.10. Rest of APAC
- 9.4.10.1. Overview
- 9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.4.10.3. Rest of APAC Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5. Latin America
- 9.5.1. Overview
- 9.5.2. Key Manufacturers in Latin America
- 9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.5.4. Latin America Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.6. Brazil
- 9.5.6.1. Overview
- 9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.6.3. Brazil Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.7. Mexico
- 9.5.7.1. Overview
- 9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.7.3. Mexico Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.8. Argentina
- 9.5.8.1. Overview
- 9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.8.3. Argentina Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.5.9. Rest of LATAM
- 9.5.9.1. Overview
- 9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.5.9.3. Rest of LATAM Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6. Middle East and Africa
- 9.6.1. Overview
- 9.6.2. Key Manufacturers in Middle East and Africa
- 9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6.6. Saudi Arabia
- 9.6.6.1. Overview
- 9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
- 9.6.7. United Arab Emirates
- 9.6.7.1. Overview
- 9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
- 9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10. Key Vendor Analysis
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. Banner Engineering Corp.
- 10.2.2. Omron Corporation
- 10.2.3. DataLogic
- 10.2.4. Sick AG
- 10.2.5. Pepperl+Fuchs
- 10.2.6. Baumer Holding AG
- 10.2.7. STMicroelectronics NV
- 10.2.8. Keyence Corporation
- 10.2.9. Rockwell Automation
- 10.2.10. Autonics Corporation
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Photonic Sensors market: Product Snapshot (2019)
- TABLE Segment Dashboard; Definition and Scope, by Product
- TABLE Global Photonic Sensors market, by Product 2016-2027 (USD Million)
- TABLE Photonic Sensors market: ApplicationSnapshot (2019)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Global Photonic Sensors market, by Application 2016-2027 (USD Million)
- TABLE Photonic Sensors market: Regional snapshot (2019)
- TABLE Segment Dashboard; Definition and Scope, by Region
- TABLE Global Photonic Sensors market, by Region 2016-2027 (USD Million)
- TABLE North America Photonic Sensors market, by Country, 2016-2027 (USD Million)
- TABLE North America Photonic Sensors market, by Product, 2016-2027 (USD Million)
- TABLE North America Photonic Sensors market, by Application, 2016-2027 (USD Million)
- TABLE Europe Photonic Sensors market, by Country, 2016-2027 (USD Million)
- TABLE Europe Photonic Sensors market, by Product, 2016-2027 (USD Million)
- TABLE EuropePhotonic Sensors market, by Application, 2016-2027 (USD Million)
- TABLE Asia Pacific Photonic Sensors market, by Country, 2016-2027 (USD Million)
- TABLE Asia Pacific Photonic Sensors market, by Product, 2016-2027 (USD Million)
- TABLE Asia Pacific Photonic Sensors market, by Application, 2016-2027 (USD Million)
- TABLE Latin America Photonic Sensors market, by Country, 2016-2027 (USD Million)
- TABLE Latin America Photonic Sensors market, by Product, 2016-2027 (USD Million)
- TABLE Latin America Photonic Sensors market, by Application, 2016-2027 (USD Million)
- TABLE Middle East and Africa Photonic Sensors market, by Country, 2016-2027 (USD Million)
- TABLE Middle East and Africa Photonic Sensors market, by Product, 2016-2027 (USD Million)
- TABLE Middle East and Africa Photonic Sensors market, by Application, 2016-2027 (USD Million)
List of Figures
- FIGURE Photonic Sensors market segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2019
- FIGURE Product segment market share analysis, 2020 & 2027
- FIGURE Product segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Application segment market share analysis, 2020 & 2027
- FIGURE Application segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Regional segment market share analysis, 2020 & 2027
- FIGURE Regional segment market size forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE North America Photonic Sensors market share and leading players, 2019
- FIGURE Europe Photonic Sensors market share and leading players, 2019
- FIGURE Asia Pacific Photonic Sensors market share and leading players, 2019
- FIGURE Latin America Photonic Sensors market share and leading players, 2019
- FIGURE Middle East and Africa Photonic Sensors market share and leading players, 2019
- FIGURE North America market share analysis by country, 2019
- FIGURE U.S. Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Canada Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Europe Photonic Sensors market share analysis by country, 2019
- FIGURE Germany Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Spain Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Italy Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE UK Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE France Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Rest of the Europe Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Asia Pacific Photonic Sensors market share analysis by country, 2019
- FIGURE India Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE China Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Japan Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE South Korea Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Singapore Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Rest of APAC Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Latin America Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Latin America Photonic Sensors market share analysis by country, 2019
- FIGURE Brazil Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Mexico Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Argentina Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Rest of LATAM Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Middle East and Africa Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE Middle East and Africa Photonic Sensors market share analysis by country, 2019
- FIGURE Saudi Arabia Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
- FIGURE United Arab Emirates Photonic Sensors market size, forecast and trend analysis, 2016 to 2027 (USD Million)
