Market Overview:
The global photonic sensor market size reached US$ 16.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.2 Billion by 2027, exhibiting a growth rate (CAGR) of 15.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A photonic sensor refers to a device that intercepts light and converts it into an electrical signal. It is commonly used for integrated emission of light detection and transmission through fiber optics and other optical components. It is also used for solar and photovoltaic cells, light-emitting diodes (LEDs), LIDAR, Laser-Induced Fluorescence (LIF), calorimetry, scintillation detection, spectrometry and biological fluorescence detection. In comparison to the traditionally used sensors, these variants are more cost-effective, compact, faster and lightweight. As a result, they find extensive applications in the early-detection and warning systems for biological hazards, structural flaws and security threats across the aerospace and defense, energy and power, healthcare and manufacturing industries.
Rapid industrialization across the globe, especially in the developing economies, along with the growing demand for enhanced safety and security solutions, is one of the key factors creating a positive outlook for the market. Photonic sensors enable self-operated monitoring of industrial processes and can collect accurate data on centralized servers. Furthermore, widespread adoption of wireless sensing technology is providing a thrust to the market growth. With improvements in the fiber optics technology, photonic sensors are gaining immense traction in the manufacturing of image and illumination sensors, lasers, LED flashes and other electro-optical instruments. Additionally, various technological advancements, such as the development of advanced photonic sensors with higher performance and multi-wavelength light generation capabilities, are also contributing to the growth of the market. Other factors, including the advent of industry 4.0 revolution, along with the increasing deployment of photonic sensors for early-warning, wind measurement and turbine structural health monitoring, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global photonic sensor market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and end use industry.
Breakup by Product Type:
- Fiber Optic Sensors
- Image Sensors
- Biophotonic Sensors
- Others
Breakup by End Use Industry:
- Aerospace and Defense
- Transportation
- Manufacturing
- Healthcare
- Energy and Power
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being A2 Photonic Sensors, Banner Engineering Corp., Baumer Holding AG, BaySpec Inc., Honeywell International Inc., LAP Laser LLC, Mitsubishi Electric Corporation, Omron Corporation, Prime Photonics LC, Samsung Electronics Co. Ltd., Smart Fibres Ltd. (Halliburton Company) and Toshiba Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product Type, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
A2 Photonic Sensors, Banner Engineering Corp., Baumer Holding AG, BaySpec Inc., Honeywell International Inc., LAP Laser LLC, Mitsubishi Electric Corporation, Omron Corporation, Prime Photonics LC, Samsung Electronics Co. Ltd., Smart Fibres Ltd. (Halliburton Company) and Toshiba Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global photonic sensor market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global photonic sensor market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global photonic sensor market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Photonic Sensor Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Fiber Optic Sensors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Image Sensors
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Biophotonic Sensors
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 Aerospace and Defense
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Transportation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Manufacturing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Healthcare
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Energy and Power
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 A2 Photonic Sensors
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Banner Engineering Corp.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Baumer Holding AG
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 BaySpec Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Honeywell International Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 LAP Laser LLC
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Mitsubishi Electric Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Omron Corporation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Prime Photonics LC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Samsung Electronics Co. Ltd.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Smart Fibres Ltd. (Halliburton Company)
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12 Toshiba Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 Financials
13.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Photonic Sensor Market: Major Drivers and Challenges
Figure 2: Global: Photonic Sensor Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Photonic Sensor Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Photonic Sensor Market: Breakup by End Use Industry (in %), 2021
Figure 5: Global: Photonic Sensor Market: Breakup by Region (in %), 2021
Figure 6: Global: Photonic Sensor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Photonic Sensor (Fiber Optic Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Photonic Sensor (Fiber Optic Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Photonic Sensor (Image Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Photonic Sensor (Image Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Photonic Sensor (Biophotonic Sensors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Photonic Sensor (Biophotonic Sensors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Photonic Sensor (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Photonic Sensor (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Photonic Sensor (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Photonic Sensor (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Photonic Sensor (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Photonic Sensor (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Photonic Sensor (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Photonic Sensor (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Photonic Sensor (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Photonic Sensor (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Photonic Sensor (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Photonic Sensor (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Photonic Sensor (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Photonic Sensor (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia Pacific: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia Pacific: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Photonic Sensor Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Photonic Sensor Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Photonic Sensor Industry: SWOT Analysis
Figure 76: Global: Photonic Sensor Industry: Value Chain Analysis
Figure 77: Global: Photonic Sensor Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Photonic Sensor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Photonic Sensor Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Photonic Sensor Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 4: Global: Photonic Sensor Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Photonic Sensor Market Structure
Table 6: Global: Photonic Sensor Market: Key Players