Optical Sensing Market Research Report - Global Forecast 2027

Optical Sensing Market: By Type (Fiber Optic Sensors, Ambient Light Sensors, Image Sensors, Position Sensors and Others), By Method (Extrinsic and Intrinsic), By Technology (Fiber Braggs Grating (FBG) based, Fabry-Perot Interferometers, Spectroscopy, Laser Doppler velocimetry and Others), By Application (Metrology, Pressure and Strain Sensing, Medical Instruments, Temperature sensing, Remote Sensing Satellite, Biometric and Ambience Sensing, Geographical Survey), By Vertical (Aerospace & Defense, Healthcare, Automotive, Consumer Electronics, Oil & Gas, Government & Utilities, Transportation, Construction and Others) - Forecast till 2027

ID: MRFR/SEM/2363-CR | April 2019 | Region: Global | 139 pages

Market Overview

Global Optical Sensing Market valuation can reach USD 4 Billion by 2023, according to Market Research Future (MRFR). Optical sensors are resistant to electromagnetic interference and capable of working in dynamic wavelengths. It can work on different wavelengths and has applications ranging from aerospace to law enforcement. The market is set to expand at 21.4% CAGR over the forecast period (2018-2023) owing to advances in sensors, cables, and measuring equipment.

COVID-19 Analysis

The COVID-19 pandemic has induced the need for rapid diagnostic tests for prevention of any future diseases. Collaborations and partnerships between private and public players in the healthcare sector have been witnessed for driving innovations. The development of biosensors for measurement of biomarkers in COVID-19 detection can provide a large scope for optical sensors and sensing equipment. Moreover, evanescent wave absorbance (EWA) optical sensors can sense changes in refractive index owing to the samples for detection of foreign susbstances.

Market Dynamics

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

Segment Analysis

By Type

By Method

By Technology

By Application

By Vertical

Regional Analysis

Competitive Landscape

Key Companies Covered in the Report

  • Oxsensis Ltd (U.K.)

  • TE Connectivity Ltd. (Switzerland)

  • ams AG. (Austria)

  • ABB Ltd. (Switzerland)

  • Texas Instrument Incorporated (U.S.)

  • Infineon Technologies AG. (Germany)

  • Sony Corporation (Japan)

  • ROHM Company Ltd (Japan)

  • Hamamatsu Photonics K.K. (Japan)

  • Analog Devices Inc. (U.S.)

  • STMicroelectronics N.V. (Switzerland)

  • Teledyne Technologies Incorporated (U.S.)

Recent Developments

  • Researchers at the Oregon University have developed an optical sensor capable of mimicking the functions of the eye. This can lead to huge breakthroughs in robotics and artificial intelligence. The sensor is manufactured from perovskite and processes images rapidly. It lights up the sensor in images filled with light, while it remains dark in absence of light.

  • A collaborative team comprising researchers from DTU Fotonik and Aarhus University have developed an integrated optical ammonia sensor that detects a five percent concentration of ammonia gas. It will be used in lowering carbon emissions from manure storage, which plays a major role in global warming.

Report Scope

The global optical sensing market report by MRFR has been developed by relying on primary and secondary research. Research has been conducted using Porter’s Five Forces model as a base for estimating value and growth projections for the forecast period. It is segmented in the following manner:

By Type

  • Fiber Optic Sensors

  • Image Sensors

  • Position Sensors

  • Ambient Light Sensors

  • Others

By Method

  • Extrinsic

  • Intrinsic

By Technology

  • Laser Doppler Velocimetry

  • Fabry-Perot Interferometers

  • Fiber Braggs Grating (FBG) Based

  • Spectroscopy

  • Others

By Application

  • Geographical Survey

  • Remote Sensing Satellite

  • Temperature Sensing

  • Biometric and Ambient Sensing

  • Pressure and Strain Sensing

  • Medical Instruments

  • Metrology

  • Others

By Vertical

  • Construction

  • Transportation

  • Healthcare

  • Automotive

  • Government & Utilities

  • Oil & Gas

  • Consumer Electronics

  • Aerospace & Defense

  • Others

Report Scope:
Report Attribute/Metric Details
  Market Size   USD 4 Billion
  CAGR   21.4%
  Base Year   2019
  Forecast Period   2020-2024
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Method, Technology, Application, Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Analog Devices Inc., Teledyne Technologies Incorporated, Oxsensis Ltd, TE Connectivity Ltd., ABB Ltd., ROHM Company Ltd., Hamamatsu Photonics K.K., Sony Corporation, STMicroelectronics N.V., Infineon Technologies AG., ams AG, Texas Instrument
  Key Market Opportunities   Increasing adoption of optical sensors in machine vision applications.
  Key Market Drivers

  • The increasing penetration of smartphones.
  • The rising adoption of optical sensors.

  • Frequently Asked Questions (FAQ) :

    The market is assessed to mark 21.41% CAGR.

    The market is supposed to earn USD 4 Bn by 2023.

    North America market is expected to mark 20.06% CAGR.

    By type, the segments profiled are fiber optic sensors, image sensors, position sensors, ambient light sensors, and others.

    Different applications identified in the report are metrology, medical instruments, pressure and strain sensing, temperature sensing, biometric and ambience sensing, remote sensing satellite, and geographical survey.

    The verticals are - aerospace & defense, automotive, healthcare, consumer electronics, government & utilities, oil & gas, transportation, and construction among others.

    The market share analysis offered covers the following key players - Hamamatsu Photonics K.K., ABB Ltd., Analog Devices Inc., STMicroelectronics N.V., Texas Instrument Incorporated, Teledyne Technologies Incorporated, ams AG., Oxsensis Ltd, Infineon Technologies AG., ROHM Company Ltd, Sony Corporation, TE Connectivity Ltd.