The photonic sensors market has gained force in the last couple of years. With the number of innovations taking place in the technology of photonic sensors, the market is expected to grow exponentially in the next five years at a considerable compound annual growth. The applications that employ photonic sensors are on the rise.

The opportunities in the photonic sensors market are all application driven. A number of applications are expected to be introduced in the coming five years due to the increased usage of sensors. The use of fiber optic sensors would be gaining significance in the areas of oil & gas exploration, civil engineering majorly including border security and fencing. Biophotonic sensors will emerge in the field of new medical applications and research laboratory.

The growth in the fiber optic sensors market depends on the factors such as cost reduction and packaging.

A lot of other applications such as the telecommunications and wastewater treatment are expected to be commercialized in the next two to three years. The technology trends are changing globally and photonic sensors are replacing the conventional technology due to which a lot of research and development is taking place in this market. The companies are encouraging the formation of more and more associations which would efficiently help in more awareness and in reducing the cost of manufacturing them.

The bio-photonic sensors have the highest growth potential in the photonic sensors market at a CAGR of 11.6% from 2011 to 2016.

The agenda for the briefing includes discussion on key high potential markets, thereby marking the growth trend in the photonic sensors market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.

MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com

Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.