Market Scenario:
An optical sensor is a device that converts light rays into electronic signals. The optical sensing devices is expected to increase in the various sectors such as aerospace & defense, oil and gas industry and many more, due to its high accuracy and ability to withstand harsh environments. The Optical sensing market size is characterized by few big market players and several small regional players due to its high competition and presence in the market.
The study indicates that Optical Sensing is increasing with the demand of smartphones, manufacturers are focusing on new features to differentiate their products from other. Moreover, the developing countries like India, China, Germany, Japan has resulted in the deployment of 4G LTE technology in the market that bring out to the high adoption of optical sensor in the devices.
The global The Optical Sensing market is expected to grow at USD ~$3.10 Billion by 2023, at ~14.3 % of CAGR between 2017 and 2023.
Key Players
The prominent players in the Optical Sensing Market are – Hamamatsu Photonics K.K. (Japan), Analog Devices Inc. (U.S.), ABB Group (Switzerland), ams AG (Austria), Texas Instruments Inc. (U.S.), Teledyne Dalsa Inc. (Canada), AlphaSense, Inc (U.S.), Stmicroelectronics N.V. (Switzerland), Oxsensis Ltd. (U.K.) and ROHM Semiconductor (Japan) among others.
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Study Objectives of the Optical Sensing Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Optical Sensing market.
- To provide insights about factors affecting the market growth.
- To analyze the Optical Sensing market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, method, applications, end-user and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Optical Sensing
Segments:
The global Optical Sensing market has been segmented on the basis of type, method, applications, end users and region.
Optical Sensing Market by Types:
- Image Sensors
- Fiber Optic Sensors
- Position Sensors
- Ambient Light Sensors
- Pressure Sensors
- Others
Optical Sensing Market by Methods:
Extrinsic
- Optical coherence tomography
- Laser Doppler velocimetry
- Fabric-Perot Interferometers
- Pyrometers
- Encoders
- Spectroscopy
Intrinsic
- Scattering based
- Fiber Braggs Grating (FBG) based
Optical Sensing Market by Application:
- Quality and Process Control
- Biochemical sensing
- Metrology
- Temperature sensing
- Remote sensing satellite
- Geographical survey
- Medical instruments
- Pressure and strain sensing
- Biometric and ambience sensing
- Others
Optical Sensing Market by End-User:
- Aerospace & defense
- Transportation
- Healthcare
- Automotive
- Oil and gas
- Government
- Construction
- Consumer electronics
- Oil & gas
- Medical
- Utilities
- Others
Optical Sensing Market by Region:
- North America
- K
- Europe
- Asia Pacific (APAC)
- Rest of the World (ROW)
Regional Analysis
The regional analysis of Optical Sensing market is being studied for region such as Asia pacific, North Americas, Europe and Rest of the World. North America is leading with the highest CAGR in this Optical Sensing market. The increasing investments in R&D activities is expected to drive the growth of the market in this region. Europe region is showing the positive indication towards optical sensor devices and is projected to reach at the decent CAGR in the forecast period. Asia-Pacific countries like China, Japan and India is also growing at a rapid pace in the Optical Sensing market. Asia-Pacific region is contributing high with the growing demand of devices which is integrated with features like gesture control, fingerprint scanners, image scanners, and GPS.
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Intended Audience
- Optical sensing device manufacturers
- Optical fiber manufacturers
- Aviation manufacturers
- Industrial automation vendors
- Medical equipment manufacturers
- Government regulatory bodies
- Educational institutes
- Private research organizations
- Energy and power companies
- Geotechnical and construction vendors
- Defense researchers
- Safety equipment manufacturers
- Consumer electronics vendors
- Distributers
- Investors
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