This study examines the market share for sensor vendors in 2017 and reviews the market forces that influenced their performance. 2017 was a solid growth year for the global sensor market. Key firms and the market as a whole grew faster than the overall semiconductor market while firms worked to refresh their portfolios to compete in a market that is about to break loose.
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.
3551 St-Charles Blvd. Suite 558 Kirkland, Quebec Canada H9H 3C4
Tel: +1 514 425 5596 Fax +1 514 425 4581
Electronics.ca provides focused market intelligence to its users by categorizing all contents based on main areas of interest which currently influence the electronics industry.
© 1997-2019 Electronics.ca Publications.
All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.