Photonic Sensor Market (2011 - 2016)

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The APAC region is expected to generate $2.61 billion with a CAGR of 21.31%; followed by Europe, North America, and ROW at a CAGR of 14.56%, 13.56%, and 12.94% respectively from 2011 to 2016. Among the APAC countries, China is expected to be the biggest emerging market for photonic sensors.

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Photonic Sensor Market (2011 - 2016)

  1. 1. Photonic Sensor Market (2011 - 2016) : Global Forecast - By Type (Laser,Biophotonic, Fiber Optic) & Application (Oil & Gas, Military & Aerospace, Energy &Infrastructure, Industrial Automation, Medical and Others)Published: December 2011No. of Pages: 159Price: $ 4650The APAC region is expected to generate $2.61 billion with a CAGR of 21.31%; followed byEurope, North America, and ROW at a CAGR of 14.56%, 13.56%, and 12.94% respectivelyfrom 2011 to 2016. Among the APAC countries, China is expected to be the biggestemerging market for photonic sensors.Photonic sensing technology incorporates emission of light, transmission, deflection,amplification and detection by optical components, instruments, lasers, other light sources,fiber optics, electro-optical instrumentation, and sophisticated nanophotonic systems. Itprovides smaller, cheaper, lighter and faster components and products, with greaterfunctionality while using less energy.In recent years, photonics has been recognized as an enabling technology that impacts,extends across, and underpins a whole host of industrial sectors, from healthcare tosecurity, from manufacturing to telecommunications, from energy to the environment, andfrom aerospace to biotechnology. In all these sectors, photonics sensing activity can berecognized via the intelligent application of light (‘optical radiation’) either in an entirelynovel context such as a new photodynamic medical treatment, or as a replacement for anolder outdated technology such as signage and lighting based on the use of incandescentlamps.Photonic sensors are now key technologies in oil and gas exploration in European market,due to which it is the second fastest growing market after APAC region.A market in industrial category requires global commercialization for it to generate constantrevenues for the major players. Currently, photonic sensors face a major challenge inproduct compatibility and shortage of skilled and trained personnel who lack the requiredtechnical expertise to adapt to the latest technology. From an end-user perspective, it isimportant to recognize that no matter how good the sensor is, there needs to be some levelof incorporation into a system, often an instrument, for it to actually fill an economicallyuseful note.
  2. 2. Regarding laser sensors, European market is expected to be slow and reluctant in the nextfive years; Asia is a strong market whereas U.S. is faced by many highs and lows mainlydue to unstable customer preferences and regularly changing technologiesAbout Us:ReportsnReports is an online library of over 100,000+ market research reports and in-depthmarket research studies & analysis of over 5000 micro markets. We provide 24/7 online andoffline support to our customers. Get in touch with us for your needs of market researchreports.Follow us on Twitter: http://twitter.com/marketsreportsOur Facebook Page: http://www.facebook.com/pages/ReportsnReports/191441427571689Contact:Mr.Priyank7557 Rambler road,Suite727,Dallas,TX75231Tel: + 1 888 391 5441E-mail: sales@reportsandreports.comhttp://www.reportsnreports.comVisit our Market Research Blog

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