The global tools and components for photonic applications market will grow from nearly $10.6 billion in 2016 to $19.2 billion by 2021 with a compound annual growth rate (CAGR) of 12.7% for the period of 2016-2021. This market report covers only photonic sensors and detectors.
Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed. Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.
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