Photonic sensors and defense equipment - a promising market

27 Jan
2015

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Allied Market Research published a report titled “Global Photonic Sensors Market (Type, Technology, Application and Geography) - Global Opportunity Analysis and Forecast - 2013 – 2020.” The report forecast the global photonic sensors market to reach $15.2 Billion by 2020, registering a CAGR of 16.9% during 2014-2020.

The growing need for improved safety & security solutions, superior alternative to conventional technologies and the rise of wireless sensing technology are some of the major factors driving the photonic sensor market growth. North America is projected as the leading market and would continue to dominate the global photonic sensors market throughout the forecast period.

The study talks about the domination of fiber optic sensors in the photonic sensors market and also provides deep knowledge on biophotonic sensors’ impact on the overall market’s growth during the forecast period. Biophotonic technology has a wide range of applications and is likely to register the highest growth rate among other technologies in the photonic sensor market.

High popularity and strong sensing capabilities of fiber optics makes it the most preferred technology by the users for sensing applications. Fiber optic sensors comes in compact sizes and are light weight, which makes them the ideal choice for the purpose of completing various tasks. Companies dealing with fiber optic sensors manufacturing, offers products that can survive through severe environmental conditions for example; extreme heat, corrosion, noise, vibration and explosion.

The photonic sensors poses the ability to deliver cost effective and accurate image sensing solutions in comparison to the conventional sensors which, makes it preferable for the users for various purposes. Photonic sensors also finds a wide range of applications in various defense equipment and as a result, military segment would generate the largest revenue share for the overall market till 2019.

Companies profiled in the report are:

Baumer Holdings AG
Banner Engineering Corp.
Omron Corporation
Hamamatsu Photonics KK
Truesense Imaging Inc.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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