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Photonic Sensors & Detectors Market Expectations & Growth Trends Highlighted Until 2026

Adriaan Brits

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In a new report titled “Photonic Sensors & Detectors Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights provides key insights on the global photonic sensors and detectors market. The global photonic sensors and detectors market was valued at US$ 22.5 billion in 2015 and is expected to grow at a CAGR of 7.2 percent from 2016 to 2026.

According to Future Market Insights, increasing investments in telecommunication infrastructure and various government initiatives to implement fibre optic communication are major factors driving the global photonic sensors and detectors market’s growth.

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Other factors driving the growth of the global photonic sensors and detectors market include the increasing adoption of industrial automation solutions to address the global shortage of unskilled labour and reduce operating costs, as well as the continuous development and implementation of new technologies in medical devices.

Highlights of segmentation

Sensor Type (Fibre Optic Sensors, Biophotonic Sensors, Image Sensors, Others); Detector Type (Photo Transistors, Single Photon Counting Modules, Photodiodes, Photocells, Others); and End Use Sector are the segments of the global photonic sensors and detectors market (Defence & Security, Medical & Healthcare, Chemicals & Petrochemicals, Consumer Electronics & Entertainment, Industrial Manufacturing, Aviation, Research & Development, Others).

The Fiber Optics Sensors segment is expected to account for 37.7 percent of the market by the end of 2016, while the Biophotonic Sensors segment is expected to be the second largest in terms of market share in 2016, accounting for 29.9 percent of the value share by the end of 2016.

The Single Photon Counting Modules segment is expected to have the highest CAGR of 10.5 percent during the forecast period in terms of sales volume. Between 2016 and 2026, the Photo Transistors segment is expected to grow at a CAGR of 7.0 percent.

The Aviation segment is expected to grow at a rapid Y-o-Y rate from 2016 to 2026, with a CAGR of 10.2 percent, while the Defence & Security segment is expected to account for the largest market value share of 26.3 percent by the end of 2016.

Forecasts for regional markets

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The global photonic sensors and detectors market is divided into North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA regions. The North America market had the highest market value share in 2015, valued at US$ 7.4 billion. By the end of 2016, North America is expected to account for 32.7 percent of the global photonic sensors and detectors market in terms of value.

During the forecast period, the APEJ market is expected to be the most appealing market in the global photonic sensors and detectors market. The APEJ market is expected to be worth US$ 4.4 billion by the end of 2016, rising to US$ 11.4 billion by the end of 2026.

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Insights from vendors

The report profiles some of the most prominent companies in the global photonic sensors and detectors market. Hamamatsu Photonics K.K, OMRON Corporation, ON Semiconductor, SAMSUNG, Sony Corporation, KEYENCE CORPORATION, Pepperl+Fuchs GmbH, Prime Photonics, LC, Banpil Photonics, Inc., and NP Photonics, Inc. are among the key players profiled in the report. Leading companies in the global photonic sensors and detectors market are expanding their presence in emerging markets and diversifying their product portfolios in order to increase their market share and customer base.

Contact:

Future Market Insights, Inc

Christiana Corporate,

200 Continental Drive,

Suite 401, Newark,

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Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: [email protected]

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