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Photonic Sensors Market Size

ID: MRFR//1975-HCR | 100 Pages | Author: Shubham Munde| July 2024

The Photonic Sensors Market is experiencing significant growth, driven by a convergence of market factors that underscore the increasing importance of advanced sensing technologies across various industries. One of the main factors fueling growth in this market is that high-performance sensing solutions are required by industries such as telecommunications, healthcare, and industrial automation. Photonic sensors based on light manipulation principles provide greater sensitivity, precision, and dependability in capturing data. Photonic sensor is an important adoption in the field of telecommunications for example fiber optic communication systems which ensure high-speed data transmission and efficiency on network; facilitating market development.

Healthcare is another major driving force behind the Photonic Sensors Market. Photonic sensors are used in medical diagnostics, imaging and surveillance. Optical sensing technologies offer non-invasive and accurate methods to measure parameters such as levels of glucose, oxygen saturation, or other essential signs. The increasing interest in sophisticated medical devices and personalized remote care fuels the spread of photonic sensors, which leads to market growth.

In addition, the emergence of industrial automation is changing Photonic Sensors Market. Industrial processes use photonic sensors for temperature sensing, pressure monitoring, and position detection. Their use in hostile environment, immunity to electromagnetic interference and high precision lend themselves for various industrial uses. Automation, efficiency, and smart manufacturing for industries are helped by photonic sensors integration in their operation.

Changes in photonics are essential to fueling these market dynamics. Sensor performance is a result of continuous research and development efforts to create innovations in design, fabrication as well functionalities. The evolution includes nanophotonics, metamaterials and plasmonic integration which helps photonic sensors become more flexible in their application to various sensing tasks. This continuous technological development keeps the market highly competitive and ensures constant improvement in advanced sensing solutions.

In addition the Photonic Sensors market is dominated by environmental monitoring and defense sectors. Photonic sensors are used in air and water quality monitoring, pollutant detection to ensure environmental safety. These sensors play a vital role in defense applications for ensure surveillance, reconnaissance and threat detection. Their long-distance operation and real time data retrieval makes photonic sensors necessary for responding to environmental issues and improving the defense forces.

Furthermore, the competitive environment and several photonic sensor manufacturers facilitate market dynamics. This drives innovation in providing photonic sensors with better performance, cost effectiveness and ease of integration. The diversity of sensor offerings and the continuous improvements in technology contribute to the market's overall growth, as end-users have a range of options to meet their specific sensing requirements.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2023 USD 26.5 Billion
Growth Rate 14.99% (2024-2032)

Global Photonic Sensors Market Overview:

Photonic Sensors Market Size was valued at USD 26.5 billion in 2023. The photonic sensors market industry is projected to grow from USD 31.08 Billion in 2024 to USD 95.0 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.99% during the forecast period (2024 - 2032). Increase in the enormous demand from the oil and gas industry and the energy generation process are the key market drivers enhancing the market growth.

Photonic Sensors Market

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Photonic Sensors Market Trends

  • Growing demand for automation in the manufacturing sector fuels market growth

The increasing adoption of automation in the manufacturing sector, as well as the increasing penetration of loT-enabled devices for monitoring applications, are two of the primary drivers driving the expansion of the photonic market CAGR in recent years. Companies are becoming more aware of the dependability and long-term financial success that automated systems based on photonics may provide. 

Photonic technologies' potential is expanding as a result of trends such as Industry 4.0, digital twins, edge monitoring, and smart facts&ries, which provide predictive maintenance and increased safety in the manufacturing environment. Photonic sensors are utilized in material handling, packaging, and food preparation, among other automation applications. Lasers are used in 3D vision applications in manufacturing automation.

Additionally, growing demand for photonic sensors is being driven by innovations and improvements in the field of fiber optics, as well as the wise use of photonic sensors in many fields. Photonic sensors of various types, such as illumination sensors, image sensors, and LED flashes, will be in high demand in the future years since these technologies enable numerous new functions and uses in smart gadgets and homes of the next generation. 

Photonics' developing technologies are widely used in a variety of industrial areas, including healthcare, manufacturing, biotechnology, security, telecommunications, the environment, and aerospace. The photonic sensor market is expanding rapidly as a result the photonic sensors market revenue increased.

Photonic Sensors Market Segment Insights:

Photonic Sensors Type Insights

The photonic sensors market segmentation, based on type includes fiber optic sensors, image sensors and bio photonic sensors. The image sensor segment is the market's largest contributor and is expected to grow at a CAG of 16.8% during the forecast period. Imaging resolution, light level, and speed are all inextricably linked. An examination of the emerging applications of high-speed imaging cameras reveals photonics advancements that allow users to stop time.

The two main types of image sensors (Ci/OS) are charge-coupled devices (CCDs) and complementary metal-oxide semiconductors. Over 200 standard linear and area image sensors are available from companies such as Hamamatsu Photonics K.K. for a variety of applications such as spectroscopy analysis using spectrometers, industrial imaging such as microscopy, machine vision cameras, and distance measurements.

Figure1: Photonic Sensors Market, by Type, 2022 & 2032 (USD billion)

Photonic Sensors Market, by Type, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Photonic Sensors Technology Insights

Fiber optic technology, image technology, and bio photonic technology are the technology segments of the worldwide photonic sensors market. Fiber optic technology had the lion's share in 2022, accounting for more than one-third of the photonic sensors market, owing to its low cost and ability to provide long-distance intrusion monitoring, both of which have significant applications in the telecommunications industry. However, the laser technology category is expected to grow at the fastest pace of 17.4% between 2022 and 203, since it enables 3D imaging in applications, decreases power consumption, and provides accurate sensing functions.

Photonic Sensors End-Users Insights

The photonic sensors market segmentation, based on End-Users, includes consumer electronics, oil & gas, defense, transport, energy and healthcare. Transport has the largest market share and is expected to grow at a CAG of 18.46% during the forecast period. In recent years, the transportation industry has been quick to adopt LiDAR technologies.

With the development of adaptive cruise control (ACC) systems for automobiles, autonomous vehicles will evolve into automated systems. The devices are installed in the front of the vehicle and lack the separation required to react to changing distances and speeds. LiDAR is primarily used in advanced driving assistance systems (ADAS) in automobiles for the convenience of the driver, with a human-machine interface for safe navigation and efficient operation.

Photonic Sensors Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to dominate the photonic sensor market. This is primarily due to the increasing importance of optics and photonics in sensing, imaging, and metrology in the United States over the last ten years. Optical measurements have become more common as the demand for precision sensing has increased.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s photonic sensors market accounts for the second-largest market share due to the carbon nanotube-based chemical detection has rapidly increased. Further, the German photonic sensors market held the largest market share, and the UK photonic sensors market was the fastest-growing market in the European region

The Asia-Pacific Photonic Sensors Market is expected to grow at the fastest CAGR from 2023 to 2032. This is Due to rising demand from security and defense applications like facial recognition and weapons and explosives detection. Moreover, China’s photonic sensors market held the largest market share, and the Indian photonic sensors market was the fastest-growing market in the Asia-Pacific region.

Photonic Sensors Key Market Players & Competitive Insights

Leading market players are investing heavily in R&D to expand their product lines, which will help the photonic sensors market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, photonic sensorsindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the photonic sensors industry to benefit clients and increase the market sector. In recent years, the photonic sensors industry has offered some of the most significant advantages to medicine. Major players in the photonic sensors market, including STMicroelectronics (Switzerland), Sony Corporation (Japan), Hewlett Packard Enterprise (HPE) (US), Texas Instruments (US), Infineon Technologies AG (Germany) and others, are attempting to increase market demand by investing in R&D operations.

Omron Corporation, sometimes known as OMRON, is a Japanese electronics business with headquarters in Kyoto. The Tateishi Electric Manufacturing Company, which later became Omron, was founded by Kazuma Tateish in 1933. Manufacturing and selling automation systems, tools, and equipment is Omron's main line of business. It is well-known for medical devices such digital thermometers, blood pressure monitors, and nebulizers in the consumer and medical industries. 

The world's first electronic ticket gate was created by Omron, which was recognized as an IEEE Milestone in 2007 and one of the pioneers of automated teller machines (ATM) with magnetic stripe card scanners. In June 2019: Omron announced the construction of the second factory of OMRON (Shanghai) Co. Ltd., in the city of Shanghai, China, to ramp up the capacity of various types of control equipment and thereby, meet the voracious demands for automation on factory floors in the country.

Hamamatsu Photonics K.K. is a Japanese manufacturer of optical sensors (including photomultiplier tubes), electric light sources, various optical devices, and their associated instruments for scientific, technological, and medical purposes. Heihachiro Horiuchi, a former pupil of Kenjiro Takayanagi, regarded as "the father of Japanese television," launched the business in 1953. In his book Hidden Champions of the Twenty-First Century: 

The Success Strategies of Unknown World Market Leaders, prominent German business author and thinker Hermann Simon cites Hamamatsu as an example of a "Hidden Champion." May 2019: Hamamatsu Photonics announced the construction of a new factory at the main factory site to meet growing sales demand for its opto-semiconductor module products.

Key Companies in the photonic sensors market include

  • Toshiba Corporation (Japan)

  • Prime Photonics

  • Samsung Electronics Co. Ltd. (South Korea)

  • Banpil Photonies Inc

  • Intevac Inc..

  • Mitsubishi Electric Corporation (Japan)

  • General Electric Company

  • NP Photonics Inc.

  • Oxensis

Photonic Sensors Industry Developments

In September 2022, Canatu, a carbon nanomaterial developer, has begun mass production of a new transparent 3D formable touch sensor for automotive and semiconductor industries

In December 2021, Infineon Technologies AG introduced the fifth-generation CAPSENSE capacitive and inductive touch sensing human-machine interface (HMI) technology. It is used for demanding user interfaces in home appliance, industrial, consumer, and Internet of Things goods, it gives higher performance and lower power consumption.

In June 2020, OMNIVISION, a manufacturer of advanced digital imaging solutions introduced Image Sensor: OX03C10 ASIL-C for Automotive Viewing Cameras. The OX03C10 uses company’s Deep Well™, dual conversion gain technology to provide significantly lower motion artifacts for viewing applications

Photonic Sensors Market Segmentation:

Photonic Sensors Market Type Outlook

  • Fiber Optic Sensors

  • Image Sensors

  • Bio Photonic Sensors

Photonic Sensors Market Technology Outlook

  • Fiber Optic Technology

  • Imaging Technology

  • Bio photonic Technology

Photonic Sensors Market End-Users Outlook

  • Consumer Electronics

  • Oil & Gas

  • Defense

  • Transport

  • Energy

  • Healthcare

Photonic Sensors Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

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