+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Photonic Sensors Market By Product, By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030

  • PDF Icon

    Report

  • 225 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640547
Description Jump to:
The global photonic sensors market size was valued at $20.19 billion in 2020 and is projected to reach $94.27 billion by 2030, registering a CAGR of 16.8% from 2021 to 2030.

Many dominant players are present in the photonic sensor market, which occupy the major market share. These market giants raise high entry barriers for the companies trying to enter the photonic sensor market. The photonic sensor market is majorly occupied by key market players thus creating a very niche market for the entrants. The inability of the new players to offer differentiated products and acquire the market share reduces the threat of new entrants. In order to acquire the market, new players need to come up with some unique and highly effective strategies.

The photonic sensors market is analyzed and estimated in accordance with impacts of drivers, restraints, and opportunities. It also includes study of region wise growth prospects of the market. Porter's five forces analysis determines impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth. The period studied in this report is 2020-2030, wherein the forecast period is 2021-2030.

Presently, product launch strategy drives the market for photonic sensors. Most companies analyzed in the report have adopted product launch strategy in the market. Increase in adoption of smart technology is a key contributor for emergence of the photonic sensors market globally.

The photonic sensors market is segmented on the basis of product, technology, application, and region. By product, the market is divided into fiber optic sensors, image sensors, biophotonic sensors, and others. On the basis of technology, the photonic sensor market is classified into fiber optic technology, laser technology, and biophotonic technology. By application, the market is fragmented into industrial, healthcare, automotive & transportation, safety & security, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris Technologies, Leonardo S.P.A., MCS Digital, Motorola Solutions, and Thales Group. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the photonic sensors market analysis from 2020 to 2030 to identify the prevailing photonic sensors market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the photonic sensors market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global photonic sensors market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

Fiber optic sensors
Image sensors
Biophotonic sensors
Others

By Technology

Fiber optic technology
Laser technology
Biophotonic technology

By Application

Industrial
Healthcare
Automotive and Transportation
Safety and Security
Others

By Region

North America
U.S.

Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Segments


By Product

  • Fiber Optic Sensor
  • Image Sensor
  • Biophotonic Sensor
  • Others

By Technology

  • Fiber Optic Technology
  • Laser Technology
  • Biophotonic Technology

By Application

  • Industrial
  • Healthcare
  • Automotive And Transportation
  • Safety And Security
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BAE Systems plc
  • BK Technologies Corporation
  • General Dynamics Corporation
  • Hytera Communications Corporation Ltd
  • ICOM Incorporation
  • L3 Harris
  • Leonardo S.R.L.
  • MCS Digital
  • Motorola Solutions
  • omnisys - thales group

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: PHOTONIC SENSORS MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Fiber Optic Sensor
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Image Sensor
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Biophotonic Sensor
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: PHOTONIC SENSORS MARKET, BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 Fiber Optic Technology
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Laser Technology
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Biophotonic Technology
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: PHOTONIC SENSORS MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Industrial
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Healthcare
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Automotive And Transportation
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Safety And Security
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: PHOTONIC SENSORS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Technology
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Technology
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Technology
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Technology
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Technology
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 U.K.
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Technology
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Technology
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Technology
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Rest of Europe
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Technology
7.3.5.4.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Technology
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Technology
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Technology
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Technology
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Technology
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Rest Of Asia Pacific
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Technology
7.4.5.5.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Technology
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Technology
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Technology
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Technology
7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Mitsubishi Electric Corporation
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Photonic Sensors Market, by Product, 2020-2030, ($Million)
Table 2. Photonic Sensors Market Revenue, for Fiber Optic Sensor, by Region, 2020-2030, ($Million)
Table 3. Photonic Sensors Market Fiber Optic Sensor by Country, 2020-2030, ($Million)
Table 4. Photonic Sensors Market Revenue, for Image Sensor, by Region, 2020-2030, ($Million)
Table 5. Photonic Sensors Market Image Sensor by Country, 2020-2030, ($Million)
Table 6. Photonic Sensors Market Revenue, for Biophotonic Sensor, by Region, 2020-2030, ($Million)
Table 7. Photonic Sensors Market Biophotonic Sensor by Country, 2020-2030, ($Million)
Table 8. Photonic Sensors Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 9. Photonic Sensors Market Others by Country, 2020-2030, ($Million)
Table 10. Global Photonic Sensors Market, by Technology, 2020-2030, ($Million)
Table 11. Photonic Sensors Market Revenue, for Fiber Optic Technology, by Region, 2020-2030, ($Million)
Table 12. Photonic Sensors Market Fiber Optic Technology by Country, 2020-2030, ($Million)
Table 13. Photonic Sensors Market Revenue, for Laser Technology, by Region, 2020-2030, ($Million)
Table 14. Photonic Sensors Market Laser Technology by Country, 2020-2030, ($Million)
Table 15. Photonic Sensors Market Revenue, for Biophotonic Technology, by Region, 2020-2030, ($Million)
Table 16. Photonic Sensors Market Biophotonic Technology by Country, 2020-2030, ($Million)
Table 17. Global Photonic Sensors Market, by Application, 2020-2030, ($Million)
Table 18. Photonic Sensors Market Revenue, for Industrial, by Region, 2020-2030, ($Million)
Table 19. Photonic Sensors Market Industrial by Country, 2020-2030, ($Million)
Table 20. Photonic Sensors Market Revenue, for Healthcare, by Region, 2020-2030, ($Million)
Table 21. Photonic Sensors Market Healthcare by Country, 2020-2030, ($Million)
Table 22. Photonic Sensors Market Revenue, for Automotive and Transportation, by Region, 2020-2030, ($Million)
Table 23. Photonic Sensors Market Automotive and Transportation by Country, 2020-2030, ($Million)
Table 24. Photonic Sensors Market Revenue, for Safety and Security, by Region, 2020-2030, ($Million)
Table 25. Photonic Sensors Market Safety and Security by Country, 2020-2030, ($Million)
Table 26. Photonic Sensors Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 27. Photonic Sensors Market Others by Country, 2020-2030, ($Million)
Table 28. Photonic Sensors Market, by Region, 2020-2030, ($Million)
Table 29. North America Photonic Sensors Market, by Product, 2020-2030, ($Million)
Table 30. North America Photonic Sensors Market, by Technology, 2020-2030, ($Million)
Table 31. North America Photonic Sensors Market, by Application, 2020-2030, ($Million)
Table 32. North America Photonic Sensors Market, by Country, 2020-2030, ($Million)
Table 33. U.S. Photonic Sensors Market by Product 2020-2030, ($Million)
Table 34. U.S. Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 35. U.S. Photonic Sensors Market by Application 2020-2030, ($Million)
Table 36. Canada Photonic Sensors Market by Product 2020-2030, ($Million)
Table 37. Canada Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 38. Canada Photonic Sensors Market by Application 2020-2030, ($Million)
Table 39. Mexico Photonic Sensors Market by Product 2020-2030, ($Million)
Table 40. Mexico Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 41. Mexico Photonic Sensors Market by Application 2020-2030, ($Million)
Table 42. Europe Photonic Sensors Market, by Product, 2020-2030, ($Million)
Table 43. Europe Photonic Sensors Market, by Technology, 2020-2030, ($Million)
Table 44. Europe Photonic Sensors Market, by Application, 2020-2030, ($Million)
Table 45. Europe Photonic Sensors Market, by Country, 2020-2030, ($Million)
Table 46. U.K. Photonic Sensors Market by Product 2020-2030, ($Million)
Table 47. U.K. Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 48. U.K. Photonic Sensors Market by Application 2020-2030, ($Million)
Table 49. Germany Photonic Sensors Market by Product 2020-2030, ($Million)
Table 50. Germany Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 51. Germany Photonic Sensors Market by Application 2020-2030, ($Million)
Table 52. France Photonic Sensors Market by Product 2020-2030, ($Million)
Table 53. France Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 54. France Photonic Sensors Market by Application 2020-2030, ($Million)
Table 55. Rest of Europe Photonic Sensors Market by Product 2020-2030, ($Million)
Table 56. Rest of Europe Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 57. Rest of Europe Photonic Sensors Market by Application 2020-2030, ($Million)
Table 58. Asia-Pacific Photonic Sensors Market, by Product, 2020-2030, ($Million)
Table 59. Asia-Pacific Photonic Sensors Market, by Technology, 2020-2030, ($Million)
Table 60. Asia-Pacific Photonic Sensors Market, by Application, 2020-2030, ($Million)
Table 61. Asia-Pacific Photonic Sensors Market, by Country, 2020-2030, ($Million)
Table 62. China Photonic Sensors Market by Product 2020-2030, ($Million)
Table 63. China Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 64. China Photonic Sensors Market by Application 2020-2030, ($Million)
Table 65. Japan Photonic Sensors Market by Product 2020-2030, ($Million)
Table 66. Japan Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 67. Japan Photonic Sensors Market by Application 2020-2030, ($Million)
Table 68. India Photonic Sensors Market by Product 2020-2030, ($Million)
Table 69. India Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 70. India Photonic Sensors Market by Application 2020-2030, ($Million)
Table 71. South Korea Photonic Sensors Market by Product 2020-2030, ($Million)
Table 72. South Korea Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 73. South Korea Photonic Sensors Market by Application 2020-2030, ($Million)
Table 74. Rest of Asia-Pacific Photonic Sensors Market by Product 2020-2030, ($Million)
Table 75. Rest of Asia-Pacific Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 76. Rest of Asia-Pacific Photonic Sensors Market by Application 2020-2030, ($Million)
Table 77. LAMEA Photonic Sensors Market, by Product, 2020-2030, ($Million)
Table 78. LAMEA Photonic Sensors Market, by Technology, 2020-2030, ($Million)
Table 79. LAMEA Photonic Sensors Market, by Application, 2020-2030, ($Million)
Table 80. LAMEA Photonic Sensors Market, by Country, 2020-2030, ($Million)
Table 81. Latin America Photonic Sensors Market by Product 2020-2030, ($Million)
Table 82. Latin America Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 83. Latin America Photonic Sensors Market by Application 2020-2030, ($Million)
Table 84. Middle East Photonic Sensors Market by Product 2020-2030, ($Million)
Table 85. Middle East Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 86. Middle East Photonic Sensors Market by Application 2020-2030, ($Million)
Table 87. Africa Photonic Sensors Market by Product 2020-2030, ($Million)
Table 88. Africa Photonic Sensors Market by Technology 2020-2030, ($Million)
Table 89. Africa Photonic Sensors Market by Application 2020-2030, ($Million)
Table 90. Mitsubishi Electric Corporation: Company Snapshot
Table 91. Mitsubishi Electric Corporation: Operating Segments
Table 92. Mitsubishi Electric Corporation: Product Portfolio
Table 93. Mitsubishi Electric Corporation: Net Sales
Table 94. Mitsubishi Electric Corporation: Key Stratergies
LIST OF FIGURES
Figure 1. Photonic Sensors Market Segmentation
Figure 2. Photonic Sensors Market, 2020-2030
Figure 3. Photonic Sensors Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Photonic Sensors Market:Drivers, Restraints and Opportunities
Figure 11. Photonic Sensors Market, by Product, 2020 (%)
Figure 12. Comparative Share Analysis of Fiber Optic Sensor Photonic Sensors Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Image Sensor Photonic Sensors Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Biophotonic Sensor Photonic Sensors Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Others Photonic Sensors Market, 2020-2030 (%)
Figure 16. Photonic Sensors Market, by Technology, 2020 (%)
Figure 17. Comparative Share Analysis of Fiber Optic Technology Photonic Sensors Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Laser Technology Photonic Sensors Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Biophotonic Technology Photonic Sensors Market, 2020-2030 (%)
Figure 20. Photonic Sensors Market, by Application, 2020 (%)
Figure 21. Comparative Share Analysis of Industrial Photonic Sensors Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Healthcare Photonic Sensors Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Automotive and Transportation Photonic Sensors Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Safety and Security Photonic Sensors Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Others Photonic Sensors Market, 2020-2030 (%)
Figure 26. Photonic Sensors Market by Region, 2020
Figure 27. U.S. Photonic Sensors Market, 2020-2030 ($Million)
Figure 28. Canada Photonic Sensors Market, 2020-2030 ($Million)
Figure 29. Mexico Photonic Sensors Market, 2020-2030 ($Million)
Figure 30. U.K. Photonic Sensors Market, 2020-2030 ($Million)
Figure 31. Germany Photonic Sensors Market, 2020-2030 ($Million)
Figure 32. France Photonic Sensors Market, 2020-2030 ($Million)
Figure 33. Rest of Europe Photonic Sensors Market, 2020-2030 ($Million)
Figure 34. China Photonic Sensors Market, 2020-2030 ($Million)
Figure 35. Japan Photonic Sensors Market, 2020-2030 ($Million)
Figure 36. India Photonic Sensors Market, 2020-2030 ($Million)
Figure 37. South Korea Photonic Sensors Market, 2020-2030 ($Million)
Figure 38. Rest of Asia-Pacific Photonic Sensors Market, 2020-2030 ($Million)
Figure 39. Latin America Photonic Sensors Market, 2020-2030 ($Million)
Figure 40. Middle East Photonic Sensors Market, 2020-2030 ($Million)
Figure 41. Africa Photonic Sensors Market, 2020-2030 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Mitsubishi Electric Corporation.: Net Sales, ($Million)

Executive Summary

The global photonic sensors market growth is characterized by the presence of a lot of local and international market players. The analysis illustrates the share of the prominent companies operating in the market. These companies tend to expand their market presence by adopting strategies such as acquisitions, partnerships, and product launches.

The optics and photonic technologies have created a huge impact on the global economy by developing devices and services that can be used across various industrial sectors. In addition, the developments in the field of fiber optics have spurred the development of photonic sensors, leading to further application of the spectral range of sensors being used in several industries. These sensors allow better sensing and detecting functions. This technology is likely to give a high return on investment in long run.

Medical imaging, food inspection, industrial applications, and community safety & security have received enhanced services owing to the developments in the photonic sensors technology. Military, homeland security, industrial process, factory automation, civil structure, transportation, biomedical, micro fluidic, bio environmental, wind energy turbines, and oil & gas are some of the domains where photonic sensors find their application. Need for enhanced safety & security solutions, better alternatives for conventional technology, and rise in wireless sensing technology are some of the major factors that act as drivers for the photonic sensors market analysis. Similarly, lack of industrial & technological standards, high initial investments, and lack of awareness can be considered as restraints for the market growth.

North America is expected to dominate the market throughout the forecast period. However, Asia-Pacific would exhibit rapid growth in the photonics sensors market share owing to increased industrialization across Asia-Pacific mainly in emerging markets such as, India and China. Therefore, rapid increase in use of photonic sensors across various industry verticals for instance, military, transportation, biomedical, factory automation, and oil & gas is expected to foster rapid growth during the photonic sensors market forecast period.

COVID-19 Impact

COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the globe.

Demand from the IT & telecommunication segment is expected to increase owing to factors such as rise in broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further propel the need for digital transformation & technologies, such as 5G, IoT, AI, and intelligent edge computing for future optimization.

The manufacturing sector witnessed severe loss, thus no new orders have been placed during the pandemic. Moreover, international consumers in defense tactical radio industry are in a very weak state owing to lockdown imposed to tackle the pandemic. Although the photonic sensors market trends in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, the defense tactical radio market growth has faced major obstacles after emergence of the COVID-19 pandemic.

The pandemic has impacted production process of several industries, including semiconductor and electronics. Trade barriers have further constrained demand and supply outlook. The overall production process has adversely affected as governments of different countries announced total lockdown and temporary shutdown of industries.

Key findings of the Study

  • The fiber optic sensor segment is expected to generate the highest revenue during the forecast period.
  • The fiber optic technology segment is expected to generate the highest revenue during the forecast period.
  • The industrial segment is expected to generate the highest revenue during the forecast period.
  • North America is expected to register the highest revenue during the forecast period.
The key players mentioned in the report are BAE Systems, BK Technologies, General Dynamic Corporation, Hytera Communications, ICOM Inc, L3 Harris, Leonardo S.P.A., MCS Digital, Motorola Solutions, and Thales Group. These key players have adopted several strategies, such as new product launch & development, acquisition, partnership & collaboration, and business expansion, to increase their footprint in the photonic sensors industry during the forecast period.

Companies Mentioned

  • BAE Systems plc
  • BK Technologies Corporation
  • General Dynamics Corporation
  • Hytera Communications Corporation Ltd
  • ICOM Incorporation
  • L3 Harris
  • Leonardo S.R.L.
  • MCS Digital
  • Motorola Solutions
  • omnisys - thales group

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages225
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 20.19 billion
Forecasted Market Value ( USD ) by 2030 $ 94.27 billion
Compound Annual Growth Rate16.7%
Regions CoveredGlobal
No. of Companies Mentioned10

Related Topics

Related Reports

Global Photonic Sensors Market Size, Share & Industry Trends Analysis Report By Product, By Application, By Technology (Fiber Optic Technology, Laser Technology, and Biophotonic Technology), By Regional Outlook and Forecast, 2023 - 2030 - Product Image

Global Photonic Sensors Market Size, Share & Industry Trends Analysis Report By Product, By Application, By Technology (Fiber Optic Technology, Laser Technology, and Biophotonic Technology), By Regional Outlook and Forecast, 2023 - 2030

  • Report
  • 437 Pages
  • Global
From
Photonic Sensor Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030 - Product Image

Photonic Sensor Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report
  • 255 Pages
  • Global
From
High Speed Photonic Sensor Global Market Insights 2023, Analysis and Forecast to 2028, by Manufacturers, Regions, Technology, Application, Product Type - Product Image

High Speed Photonic Sensor Global Market Insights 2023, Analysis and Forecast to 2028, by Manufacturers, Regions, Technology, Application, Product Type

  • Report
  • 94 Pages
  • Global
From
Photonic Sensors and Detectors: Global Strategic Business Report - Product Image

Photonic Sensors and Detectors: Global Strategic Business Report

  • Report
  • 112 Pages
  • Global
From
Global Photonic Sensor Market (2023-2028) by Types, Technology, Geography, Competitive Analysis, and Impact of Covid-19 with Ansoff Analysis - Product Image

Global Photonic Sensor Market (2023-2028) by Types, Technology, Geography, Competitive Analysis, and Impact of Covid-19 with Ansoff Analysis

  • Report
  • 174 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.