Photonic Sensors Market Size 2023-2032
The global Photonic Sensors market was valued at US$ 12410 million in 2022 and is projected to reach US$ 21450 million by 2029, at a CAGR of 8.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Photonic sensors, also referred to as optical sensors, serve as ingenious devices that harness the power of light to detect and measure diverse physical properties or alterations in the environment. These sensors rely on the profound principles of optics and photonics, ingeniously transforming light signals into measurable electrical ones, thus facilitating the discernment of a vast array of phenomena.
At the core of photonic sensors lies the interaction between light and the target or the encompassing medium. When light engages with the target, a captivating array of possibilities unfolds – absorption, reflection, scattering, or refraction. Such interactions give rise to changes in light intensity, wavelength, or phase, which the astute photonic sensor diligently converts into an electrical signal.
Total Market by Segment:
Global Photonic Sensors Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Photonic Sensors Market Segment Percentages, by Type, 2022 (%)
- Image Sensors
- Fibre Optic Sensors
- Bio Photonic Sensors
- Photovoltaic Sensors
- Photoelectric Sensors
- Others
key players include:
- Honeywell International
- Samsung
- Toshiba
- Mitsubishi Electric
- Fujifilm
- Hamamatsu Photonics
- Banner Engineering
- Baumer Holding
- Truesense Imaging
- Omron Corporation
- Pointsoure
- Analog Devices, Inc.
- ON Semiconductor
- Teledyne Technologies
- Newport Corporation (Now part of MKS Instruments)
- Sony Corporation
- Luna Innovations Incorporated
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