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PUBLISHER: IMARC | PRODUCT CODE: 1287445
PUBLISHER: IMARC | PRODUCT CODE: 1287445
Photonic Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 142 Pages
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Market Overview:
The global photonic sensor market size reached US$ 18.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 15.63% during 2023-2028.
A photonic sensor refers to a device that intercepts light and converts it into an electrical signal. It is commonly used for integrated emission of light detection and transmission through fiber optics and other optical components. It is also used for solar and photovoltaic cells, light-emitting diodes (LEDs), LIDAR, Laser-Induced Fluorescence (LIF), calorimetry, scintillation detection, spectrometry and biological fluorescence detection. In comparison to the traditionally used sensors, these variants are more cost-effective, compact, faster and lightweight. As a result, they find extensive applications in the early-detection and warning systems for biological hazards, structural flaws and security threats across the aerospace and defense, energy and power, healthcare and manufacturing industries.
Rapid industrialization across the globe, especially in the developing economies, along with the growing demand for enhanced safety and security solutions, is one of the key factors creating a positive outlook for the market. Photonic sensors enable self-operated monitoring of industrial processes and can collect accurate data on centralized servers. Furthermore, widespread adoption of wireless sensing technology is providing a thrust to the market growth. With improvements in the fiber optics technology, photonic sensors are gaining immense traction in the manufacturing of image and illumination sensors, lasers, LED flashes and other electro-optical instruments. Additionally, various technological advancements, such as the development of advanced photonic sensors with higher performance and multi-wavelength light generation capabilities, are also contributing to the growth of the market. Other factors, including the advent of industry 4.0 revolution, along with the increasing deployment of photonic sensors for early-warning, wind measurement and turbine structural health monitoring, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global photonic sensor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end use industry.
Breakup by Product Type:
- Fiber Optic Sensors
- Image Sensors
- Biophotonic Sensors
- Others
Breakup by End Use Industry:
- Aerospace and Defense
- Transportation
- Manufacturing
- Healthcare
- Energy and Power
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being A2 Photonic Sensors, Banner Engineering Corp., Baumer Holding AG, BaySpec Inc., Honeywell International Inc., LAP Laser LLC, Mitsubishi Electric Corporation, Omron Corporation, Prime Photonics LC, Samsung Electronics Co. Ltd., Smart Fibres Ltd. (Halliburton Company) and Toshiba Corporation.
Key Questions Answered in This Report:
- How has the global photonic sensor market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global photonic sensor market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global photonic sensor market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1623A146_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Photonic Sensor Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Fiber Optic Sensors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Image Sensors
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Biophotonic Sensors
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by End Use Industry
- 7.1 Aerospace and Defense
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Transportation
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Manufacturing
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Healthcare
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Energy and Power
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 A2 Photonic Sensors
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Banner Engineering Corp.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Baumer Holding AG
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 BaySpec Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Honeywell International Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 LAP Laser LLC
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Mitsubishi Electric Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.7.4 SWOT Analysis
- 13.3.8 Omron Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Prime Photonics LC
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Samsung Electronics Co. Ltd.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Smart Fibres Ltd. (Halliburton Company)
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Toshiba Corporation
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.1 A2 Photonic Sensors
Product Code: SR1623A146_Report
List of Figures
- Figure 1: Global: Photonic Sensor Market: Major Drivers and Challenges
- Figure 2: Global: Photonic Sensor Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Photonic Sensor Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Photonic Sensor Market: Breakup by End Use Industry (in %), 2022
- Figure 5: Global: Photonic Sensor Market: Breakup by Region (in %), 2022
- Figure 6: Global: Photonic Sensor Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 7: Global: Photonic Sensor (Fiber Optic Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Photonic Sensor (Fiber Optic Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Photonic Sensor (Image Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Photonic Sensor (Image Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Photonic Sensor (Biophotonic Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Photonic Sensor (Biophotonic Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Photonic Sensor (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Photonic Sensor (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Photonic Sensor (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Photonic Sensor (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Photonic Sensor (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Photonic Sensor (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Photonic Sensor (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Photonic Sensor (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Photonic Sensor (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Photonic Sensor (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Photonic Sensor (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Photonic Sensor (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Photonic Sensor (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Photonic Sensor (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia Pacific: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia Pacific: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Photonic Sensor Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Photonic Sensor Industry: SWOT Analysis
- Figure 76: Global: Photonic Sensor Industry: Value Chain Analysis
- Figure 77: Global: Photonic Sensor Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Photonic Sensor Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Photonic Sensor Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Photonic Sensor Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 4: Global: Photonic Sensor Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Photonic Sensor Market Structure
- Table 6: Global: Photonic Sensor Market: Key Players
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