According to a new market report by Lucintel, the future of the photonic sensor market looks promising with opportunities in various industrial sectors. The global photonic sensor market is expected to grow with a CAGR of 20% from 2020 to 2025. The major growth drivers for this market are growing automation demand in the manufacturing industry, increasing requirement for security and safety, and increasing investment in fiber optic communications.
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In this market, laser, biophotonic, and fiber optic are the major sensor types used.
Within the photonic sensor market, oil & gas, aerospace & defense, energy & infrastructure, industrial automation, and healthcare are the major end use industries.
The Asia Pacific region is expected to witness the highest growth rate over the forecast period due to increasing defense/military spending in China and India and the industrial automation trend in these nations.
Banner Engineering Corp, Baumer Holding Ag, Fiber Optic Systems Technology Inc. (FOX-TEK), Jude Medical Inc, Omron Corporation, and BaySpec Inc. are the major manufacturers of photonic sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the photonic sensor market by sensor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Photonic Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global photonic sensor market by sensor type, end use industry, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Laser
Biophotonic
Fiber Optic
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Oil & Gas
Aerospace & Defence
Energy & Infrastructure
Industrial Automation
Healthcare
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.