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Photonic Sensors & Detectors Market to Witness a CAGR of 7.2% by 2026

Photonic Sensors & Detectors Market to Witness a CAGR of 7.2% by 2026

Photonic Sensors & Detectors Market
North America photonic sensors and detectors market is currently the largest market for photonic sensors and detectors and is expected to account for about 28% value share of the global photonic sensors and detectors market by 2026

Photonics is the technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science of photonics includes light emission, transmission, deflection, amplification, and detection by optical components and instruments, lasers, and other light sources, fibre optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. Photonic sensor is a device that senses light and converts to electricity. Photonics acts as a switch between the transmitter and receiver. A photonic detector counts the number of photons of light. The global photonic sensors and detectors market is likely to witness a CAGR of 7.2% during the forecast period (2016 2026).

Global expansion in fibre optic communication likely to fuel market growth

Various government initiatives, increasing adoption of industrial automation solutions in the manufacturing industry, and increased investment in fibre optic communications are major drivers for the growth of the global photonic sensors and detectors market. Continuous investment and development of new technologies in medical devices and a rapid proliferation of the Internet of Things (IoT) is creating ample growth opportunities for major players in the global photonic sensors and detectors market.

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Leading players in the global photonic sensors and detectors market are faced with major challenges that force them to reduce profit margins from image sensors, thereby affecting profitability. Also, a lengthy regulatory approval and technology assessment process pertaining to new product development is likely to restrict growth of the global photonic sensors and detectors market during the forecast period.

Market segmentation

The global photonic sensors and detectors market is segmented on the basis of Sensor Type (Fibre Optic Sensors, Biophotonic Sensors, Image Sensors, Others); Detector Type (Photo Transistors, Single Photon Counting Modules, Photodiodes, Photocells, Others); End use Sector (Defence & Security, Medical & Healthcare, Chemicals & Petrochemicals, Consumer Electronics & Entertainment, Industrial Manufacturing, Aviation, Research & Development, Others); and Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA).

Biophotonic Sensor Type segment to register the highest CAGR during the forecast period

The Biophotonic Sensors segment is projected to be most attractive segment in the global photonic sensors and detectors market, registering a CAGR of 9.7% between 2016 and 2026. The Fibre Optic Sensors segment accounted for the highest market share in 2015, and was valued at US$ 5.3 Bn in 2015.

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Photodiodes Detector Type segment projected to be the most attractive segment

The Photodiodes segment was valued at US$ 3.2 Bn in 2015 and is expected to dominate the global photonic sensors and detectors market during the forecast period. The Single Photon Counting Modules segment is expected to exhibit a CAGR of 9.2% during the forecast period.

Aviation End use Sector segment expected to register high Year-on-Year growth rates

The Aviation segment is expected to witness total incremental opportunity of US$ 1.9 Bn between 2016 and 2026. The Medical & Healthcare segment is projected to be the most attractive segment in the global photonic sensors and detectors market during the forecast period.

North America largest market for photonic sensors and detectors

The North America photonic sensors and detectors market is currently the largest market for photonic sensors and detectors and is expected to account for about 28% value share of the global photonic sensors and detectors market by 2026. The APEJ market is expected to register high Y-o-Y growth rates between 2016 and 2026 and witness a CAGR of 10.0% over the forecast period. APEJ and Latin America are slated to be the fastest growing markets during the period 2016 2026.

Leading market players are focussing on product innovation and focussed sales through direct distribution to increase market share

Some of the top companies identified across the global photonic sensors and detectors market value chain are Hamamatsu Photonics K.K, OMRON Corporation, ON Semiconductor, SAMSUNG, Sony Corporation, KEYENCE CORPORATION, Pepperl+Fuchs GmbH, Prime Photonics, LC, Banpil Photonics, Inc., and NP Photonics, Inc. Top companies are focussing on increasing their investments in technology R&D initiatives and are entering into strategic global alliances and partnerships to strengthen their position in the market.

Table Of Content

1. Global Photonic Sensor & Detector Market – Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Value Chain Analysis
4.3. Global Photonic Sensor & Detector Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Trends
4.4. Global Photonic Sensor & Detector Market Forecast, 2016-2026
4.4.1. Market Value and Y-o-Y Growth
4.4.2. Absolute $ Opportunity
4.4.3. Market Volume Forecast
4.5. Global Photonic Sensor & Detector Market Snapshot
4.5.1. Market Overview By Sensor Type
4.5.2. Market Overview By Detector Type
4.5.3. Market Overview By End-use sector

5. Global Photonic Sensors Market Analysis, By Sensor Type
5.1. Introduction
5.2. Global Photonic Sensors Market Value and Volume Forecast By Sensor Type
5.2.1. Y-o-Y Growth Comparison, By Sensor Type
5.2.2. Basis Point Share (BPS) Analysis, By Sensor Type
5.3. Fibre Optic Sensors
5.3.1. Market Value Forecast and Y-o-Y Growth
5.3.2. Absolute $ Opportunity
5.3.3. Market Volume Forecast
5.4. Biophotonic Sensors
5.4.1. Market Value Forecast and Y-o-Y Growth
5.4.2. Absolute $ Opportunity
5.4.3. Market Volume Forecast
5.5. Image Sensors
5.5.1. Market Value Forecast and Y-o-Y Growth
5.5.2. Absolute $ Opportunity
5.5.3. Market Volume Forecast
5.6. Others
5.6.1. Market Value Forecast and Y-o-Y Growth
5.6.2. Absolute $ Opportunity
5.6.3. Market Volume Forecast
5.7. Global Photonic Sensors Market Attractiveness Analysis, By Sensor Type
5.8. Prominent Trends

6. Global Photonic Detectors Market Analysis, By Detector Type
6.1. Introduction
6.2. Global Photonic Detectors Market Value and Forecast By Detector Type
6.2.1. Y-o-Y Growth Comparison, By Detector Type
6.2.2. Basis Point Share (BPS) Analysis, By Detector Type
6.3. Phototransistors
6.3.1. Market Value Forecast and Y-o-Y Growth
6.3.2. Absolute $ Opportunity
6.3.3. Market Volume Forecast
6.4. Single Photon Counting Modules
6.4.1. Market Value Forecast and Y-o-Y Growth
6.4.2. Absolute $ Opportunity
6.4.3. Market Volume Forecast
6.5. Photodiodes
6.5.1. Market Value Forecast and Y-o-Y Growth
6.5.2. Absolute $ Opportunity
6.5.3. Market Volume Forecast
6.6. Photocells
6.6.1. Market Value Forecast and Y-o-Y Growth
6.6.2. Absolute $ Opportunity
6.6.3. Market Volume Forecast
6.7. Others
6.7.1. Market Value Forecast and Y-o-Y Growth
6.7.2. Absolute $ Opportunity
6.7.3. Market Volume Forecast
6.8. Global Photonic Detectors Market Attractiveness Analysis, By Detector Type
6.9. Prominent Trends

7. Global Photonic Sensors & Detectors Market Analysis, By End-use Sector
7.1. Introduction
7.2. Global Photonic Sensors & Detectors Market Value and Forecast By End-use Sector
7.2.1. Y-o-Y Growth Comparison, By End-use Sector
7.2.2. Basis Point Share (BPS) Analysis, By End-use Sector
7.3. Defense & Security
7.3.1. Market Value Forecast and Y-o-Y Growth
7.3.2. Absolute $ Opportunity
7.3.3. Market Volume Forecast
7.4. Medical & Healthcare
7.4.1. Market Value Forecast and Y-o-Y Growth
7.4.2. Absolute $ Opportunity
7.4.3. Market Volume Forecast
7.5. Chemicals & Petrochemicals
7.5.1. Market Value Forecast and Y-o-Y Growth
7.5.2. Absolute $ Opportunity
7.5.3. Market Volume Forecast
7.6. Industrial Manufacturing
7.6.1. Market Value Forecast and Y-o-Y Growth
7.6.2. Absolute $ Opportunity
7.6.3. Market Volume Forecast
7.7. Consumer Electronics & Entertainment
7.7.1. Market Value Forecast and Y-o-Y Growth
7.7.2. Absolute $ Opportunity
7.7.3. Market Volume Forecast
7.8. Aviation
7.8.1. Market Value Forecast and Y-o-Y Growth
7.8.2. Absolute $ Opportunity
7.8.3. Market Volume Forecast
7.9. Research & Development
7.9.1. Market Value Forecast and Y-o-Y Growth
7.9.2. Absolute $ Opportunity
7.9.3. Market Volume Forecast
7.10. Others
7.10.1. Market Value Forecast and Y-o-Y Growth
7.10.2. Absolute $ Opportunity
7.10.3. Market Volume Forecast
7.11. Global Photonic Sensors & Detectors Market Attractiveness Analysis, By End-use Sector
7.12. Prominent Trends

8. North America LED & OLED Displays and Lighting Products Market Analysis
8.1. Photonic Sensors & Detectors Market Value and Forecast
8.1.1. Y-o-Y Growth Comparison, By Country
8.1.2. Basis Point Share (BPS) Analysis, By Country
8.2. Market Value and Volume Forecast By Country
8.2.1. U.S.
8.2.2. Canada
8.3. Market Value and Volume Forecast By Sensor Type
8.3.1. Fibre Optic Sensors
8.3.2. Biophotonic Sensors
8.3.3. Image Sensors
8.3.4. Others
8.4. Market Value and Volume Forecast By Detector Type
8.4.1. Phototransistors
8.4.2. Single Photon Counting Modules
8.4.3. Photodiodes
8.4.4. Photocells
8.4.5. Others
8.5. Market Value and Volume Forecast By End-use Sector
8.5.1. Defense & Security
8.5.2. Medical & Healthcare
8.5.3. Chemicals & Petrochemicals
8.5.4. Industrial Manufacturing
8.5.5. Consumer Electronics & Entertainment
8.5.6. Aviation
8.5.7. Research & Development
8.5.8. Others
8.6. Market Attractiveness Analysis
8.6.1. By Country
8.6.2. By Sensor Type
8.6.3. By Detector Type
8.6.4. By End-use Sector

9. Latin America Photonic Sensor & Detector Market Analysis
9.1. Photonic Sensors & Detectors Market Value and Forecast
9.1.1. Y-o-Y Growth Comparison, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.2. Market Value and Volume Forecast By Country
9.2.1. Brazil
9.2.2. Argentina
9.2.3. Peru
9.2.4. Rest of LATAM
9.3. Market Value and Volume Forecast By Sensor Type
9.3.1. Fibre Optic Sensors
9.3.2. Biophotonic Sensors
9.3.3. Image Sensors
9.3.4. Others
9.4. Market Value and Volume Forecast By Detector Type
9.4.1. Phototransistors
9.4.2. Single Photon Counting Modules
9.4.3. Photodiodes
9.4.4. Photocells
9.4.5. Others
9.5. Market Value and Volume Forecast By End-use Sector
9.5.1. Defense & Security
9.5.2. Medical & Healthcare
9.5.3. Chemicals & Petrochemicals
9.5.4. Industrial Manufacturing
9.5.5. Consumer Electronics & Entertainment
9.5.6. Aviation
9.5.7. Research & Development
9.5.8. Others
9.6. Market Attractiveness Analysis
9.6.1. By Country
9.6.2. By Sensor Type
9.6.3. By Detector Type
9.6.4. By End-use Sector

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10. Western Europe Photonic Sensor & Detector Market Analysis
10.1. Photonic Sensors & Detectors Market Value and Forecast
10.1.1. Y-o-Y Growth Comparison, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.2. Market Value and Volume Forecast By Country
10.2.1. Germany
10.2.2. France
10.2.3. U.K.
10.2.4. Spain
10.2.5. Italy
10.2.6. Nordic
10.2.7. BENELUX
10.2.8. Rest of Western Europe
10.3. Market Value and Volume Forecast By Sensor Type
10.3.1. Fibre Optic Sensors
10.3.2. Biophotonic Sensors
10.3.3. Image Sensors
10.3.4. Others
10.4. Market Value and Volume Forecast By Detector Type
10.4.1. Phototransistors
10.4.2. Single Photon Counting Modules
10.4.3. Photodiodes
10.4.4. Photocells
10.4.5. Others
10.5. Market Value and Volume Forecast By End-use Sector
10.5.1. Defense & Security
10.5.2. Medical & Healthcare
10.5.3. Chemicals & Petrochemicals
10.5.4. Industrial Manufacturing
10.5.5. Consumer Electronics & Entertainment
10.5.6. Aviation
10.5.7. Research & Development
10.5.8. Others
10.6. Market Attractiveness Analysis
10.6.1. By Country
10.6.2. By Sensor Type
10.6.3. By Detector Type
10.6.4. By End-use Sector

11. Eastern Europe Photonic Sensor & Detector Market Analysis
11.1. Photonic Sensors & Detectors Market Value and Forecast
11.1.1. Y-o-Y Growth Comparison, By Country
11.1.2. Basis Point Share (BPS) Analysis, By Country
11.2. Market Value and Volume Forecast By Country
11.2.1. Russia
11.2.2. Poland
11.2.3. Rest of Eastern Europe
11.3. Market Value and Volume Forecast By Sensor Type
11.3.1. Fibre Optic Sensors
11.3.2. Biophotonic Sensors
11.3.3. Image Sensors
11.3.4. Others
11.4. Market Value and Volume Forecast By Detector Type
11.4.1. Phototransistors
11.4.2. Single Photon Counting Modules
11.4.3. Photodiodes
11.4.4. Photocells
11.4.5. Others
11.5. Market Value and Volume Forecast By End-use Sector
11.5.1. Defense & Security
11.5.2. Medical & Healthcare
11.5.3. Chemicals & Petrochemicals
11.5.4. Industrial Manufacturing
11.5.5. Consumer Electronics & Entertainment
11.5.6. Aviation
11.5.7. Research & Development
11.5.8. Others
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Sensor Type
11.6.3. By Detector Type
11.6.4. By End-use Sector

12. APEJ Photonic Sensor & Detector Market Analysis
12.1. Photonic Sensors & Detectors Market Value and Forecast
12.1.1. Y-o-Y Growth Comparison, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country
12.2. Market Value and Volume Forecast By Country
12.2.1. China
12.2.2. India
12.2.3. ASEAN
12.2.4. ANZ
12.2.5. Rest of APEJ
12.3. Market Value and Volume Forecast By Sensor Type
12.3.1. Fibre Optic Sensors
12.3.2. Biophotonic Sensors
12.3.3. Image Sensors
12.3.4. Others
12.4. Market Value and Volume Forecast By Detector Type
12.4.1. Phototransistors
12.4.2. Single Photon Counting Modules
12.4.3. Photodiodes
12.4.4. Photocells
12.4.5. Others
12.5. Market Value and Volume Forecast By End-use Sector
12.5.1. Defense & Security
12.5.2. Medical & Healthcare
12.5.3. Chemicals & Petrochemicals
12.5.4. Industrial Manufacturing
12.5.5. Consumer Electronics & Entertainment
12.5.6. Aviation
12.5.7. Research & Development
12.5.8. Others
12.6. Market Attractiveness Analysis
12.6.1. By Country
12.6.2. By Sensor Type
12.6.3. By Detector Type
12.6.4. By End-use Sector

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