Photonics Sensor and Detector Market

Photonic Sensors & Detectors Market: Expansion in Fibre Optic Communication Likely to Fuel Market Growth: Global Industry Analysis & Opportunity Assessment, 2016 - 2026

  • 2016-10-12
  • REP-GB-752
  • 183 pages
  • PDF PPT EXCEL
 Photonics Sensor and Detector Market

An Incisive, In-depth Analysis on the Photonics Sensor And Detector Market

This study offers a comprehensive, 360 degree analysis on the Photonics Sensor And Detector market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Photonics Sensor And Detector market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Photonics is the technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science of photonics includes light emission, transmission, deflection, amplification, and detection by optical components and instruments, lasers, and other light sources, fibre optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. Photonic sensor is a device that senses light and converts to electricity. Photonics acts as a switch between the transmitter and receiver. A photonic detector counts the number of photons of light. The global photonic sensors and detectors market is likely to witness a CAGR of 7.2% during the forecast period (2016 – 2026).

Global expansion in fibre optic communication likely to fuel market growth

Various government initiatives, increasing adoption of industrial automation solutions in the manufacturing industry, and increased investment in fibre optic communications are major drivers for the growth of the global photonic sensors and detectors market. Continuous investment and development of new technologies in medical devices and a rapid proliferation of the Internet of Things (IoT) is creating ample growth opportunities for major players in the global photonic sensors and detectors market. 

Leading players in the global photonic sensors and detectors market are faced with major challenges that force them to reduce profit margins from image sensors, thereby affecting profitability. Also, a lengthy regulatory approval and technology assessment process pertaining to new product development is likely to restrict growth of the global photonic sensors and detectors market during the forecast period.

Market segmentation

The global photonic sensors and detectors market is segmented on the basis of Sensor Type (Fibre Optic Sensors, Biophotonic Sensors, Image Sensors, Others); Detector Type (Photo Transistors, Single Photon Counting Modules, Photodiodes, Photocells, Others); End use Sector (Defence & Security, Medical & Healthcare, Chemicals & Petrochemicals, Consumer Electronics & Entertainment, Industrial Manufacturing, Aviation, Research & Development, Others); and Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA).

Biophotonic Sensor Type segment to register the highest CAGR during the forecast period

The Biophotonic Sensors segment is projected to be most attractive segment in the global photonic sensors and detectors market, registering a CAGR of 9.7% between 2016 and 2026. The Fibre Optic Sensors segment accounted for the highest market share in 2015, and was valued at US$ 5.3 Bn in 2015.

Photodiodes Detector Type segment projected to be the most attractive segment

The Photodiodes segment was valued at US$ 3.2 Bn in 2015 and is expected to dominate the global photonic sensors and detectors market during the forecast period. The Single Photon Counting Modules segment is expected to exhibit a CAGR of 9.2% during the forecast period.

Aviation End use Sector segment expected to register high Year-on-Year growth rates

The Aviation segment is expected to witness total incremental opportunity of US$ 1.9 Bn between 2016 and 2026. The Medical & Healthcare segment is projected to be the most attractive segment in the global photonic sensors and detectors market during the forecast period.

North America largest market for photonic sensors and detectors

The North America photonic sensors and detectors market is currently the largest market for photonic sensors and detectors and is expected to account for about 28% value share of the global photonic sensors and detectors market by 2026. The APEJ market is expected to register high Y-o-Y growth rates between 2016 and 2026 and witness a CAGR of 10.0% over the forecast period. APEJ and Latin America are slated to be the fastest growing markets during the period 2016 – 2026.

photonic pensors and detectors market

Leading market players are focussing on product innovation and focussed sales through direct distribution to increase market share

Some of the top companies identified across the global photonic sensors and detectors market value chain are 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. Top companies are focussing on increasing their investments in technology R&D initiatives and are entering into strategic global alliances and partnerships to strengthen their position in the market.

Future Market Insights offers a 10-year forecast of the global photonic sensors and detectors market between 2016 and 2026 in a new report titled “Photonic Sensors & Detectors Market: Global Industry Analysis & Opportunity Assessment, 2016-2026”. Our comprehensive study demonstrates key market dynamics and trends likely to influence the current status and future scope of the global photonic sensors and detectors market over the forecast period.

Report description

This research report provides detailed analysis of the global photonic sensors and detectors market and offers insights on the various factors driving the popularity of these products. We have included an extensive analysis of key industry drivers, restraints, market trends, and market structure; and have provided a comprehensive assessment of stakeholder strategies and imperatives for business success. The global photonic sensors and detectors market report segregates the market based on sensor type, detector type, end use sector, and region. The report begins with an overview of the global photonic sensors and detectors market followed by important market definitions and the various market dynamics. Impact analysis of key growth drivers and restraints based on the weighted average model is also included in the global photonic sensors and detectors market report to facilitate clients with pertinent decision-making insights. 

The subsequent sections provide a detailed analysis of the global photonic sensors and detectors market based on sensor type, detector type, end use sector, and region; and present a comprehensive market forecast in terms of value over the forecast period. Our study provides a market outlook for 2016–2026 and sets the forecast within the context of the global photonic sensors and detectors market, including latest technological developments as well as service offerings in the global photonic sensors and detectors market. We have also focussed on the key regional trends contributing to the growth of the global photonics sensors and detectors market and analysed the degree to which drivers are influencing the market in each region. 

In the final section of the report, we present a detailed competitive landscape to provide clients with a dashboard view of the market based on categories of providers in the global photonic sensors and detectors value chain, presence in the global photonic sensors and detectors market, and key differentiators. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. We have also included detailed profiles of providers to evaluate their long-term and short-term strategies, key offerings, and recent developments in the global photonic sensors and detectors market. The companies we have featured in the global photonic sensors and detectors market report are: 

  • Hamamatsu Photonics K.K
  • OMRON Corporation
  • ON Semiconductor
  • SAMSUNG
  • Sony Corporation
  • KEYENCE CORPORATION
  • Pepperl+Fuchs GmbH
  • Prime Photonics LC
  • Banpil Photonics, Inc.
  • NP Photonics, Inc. 

Research methodology

To calculate the market size of the global photonic sensors and detectors market, we have considered consumer spending, military spending, healthcare spending, total market size, country wise spending on photonic enabled products, photonic sensors and detectors manufacturing facilities in the regions, and revenue contribution of the top players. The forecast presented here assesses the total revenue by value across the market and to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global photonic sensors and detectors market is likely to develop in future. We have considered 2015 as the base year and provide data for the trailing 12 months. 

Given the characteristics of the global photonic sensors and detectors market, we have triangulated the data on the basis of different types of analyses based on current technology trends. Our forecasts are not only in terms of CAGR, but also factor in an in-depth analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global photonic sensors and detectors market. Further, we have analysed the different segments of the global photonic sensors and detectors market in terms of Basis Point Share to understand individual segments’ relative contribution to overall market growth. This detailed level of information is important to identify the key trends impacting the global photonic sensors and detectors market. 

Another important feature of our report is the analysis of the global photonic sensors and detectors market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve in the global photonic sensors and detectors market, as well as to identify potential resources from a sales and delivery perspective.

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Harish Tiwari

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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