Optical Sensing Market
Optical Sensing Market Forecasts to 2028 - Global Analysis By Type (Position Sensors, Image Sensors, Fiber Optic Sensors), Method (Intrinsic, Extrinsic), Technology, Application, and By Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $2.96 BN |
Projected Year Value (2028) |
US $7.74 BN |
CAGR (2022 - 2028) |
17.4% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Optical Sensing Market is accounted for $2.96 billion in 2022 and is expected to reach $7.74 billion by 2028 growing at a CAGR of 17.4% during the forecast period. The optical sensors detect gadgets that are utilized to gauge the light power level and convert them into electrical signs that can be perused using advanced gadgets. They are specifically built to measure the change in the wavelength of light. The optical sensors are used in many industries because of their minimal sizes, adaptability, and the non-poisonous materials used in the assembling processes.
The increasing prevalence of smartphones and smartwatches are considered the intensive users of optical sensors that are driving the sensors industry. According to Consumer Technology Association (CTA), The U.S. consumer technology industry is projected to generate over $505 billion in retail sales revenue for the first time in 2022. CTA's twice-yearly U.S. consumer technology one-year industry forecast reflects U.S. manufacturer shipments for more than 100 consumer tech products and related software and services.
Market Dynamics:
Driver:
Increasing applications in oil and gas vertical
The oil and gas industry is undergoing rapid digitization and automation to fulfill the rising requirement for productivity, efficiency, and safety in operations. The distributed temperature sensing methods are significantly utilized for the good monitoring purpose in this industry. However, acoustic sensing has been gaining prominence for the monitoring and surveillance of pipeline systems. Distributed pressure and optical sensing systems are also gaining popularity with the increasing penetration of distributed sensing methods in the oil and gas industry. Along with this, a hybrid of temperature, strain, and acoustic sensing in a single cable is likely to drive the market as the combination of sensors reduces the probability of failure.
Restraint:
Rising substitutes of optical sensors
Many applications of optical sensors, fundamentally for those in the healthcare and manufacturing industries of semiconductors cannot be solved with optical sensors or miniature photoelectric sensors as they are physically too large to fit in the instruments. Furthermore, these sensors are typically not flexible enough to be routed through these instruments. Highly flexible and miniature sensors are being incorporated into other industries because of the recent demands for smaller machines and tools. These rising demands and manufacturing of miniature sensors tend to hinder optical sensing market growth in the forecast period.
Opportunity:
The rise in technological advancements
With the increasing demand for automation across different industries, there has been rapid adoption of optical sensing of various measurands and different environments, motion sensors with the latest technology of human detectors, a wide range of pressure sensors, and electric field sensors of various electric fields. The rising adoption of technological innovations such as fiber braggs grating, and fabry perot interferometers-based optical sensors have driven the applications in the spectroscopy market. Optical sensors convert different wavelengths into electrical signals for improved sensing applications.
Threat:
Technical issues in installation of distributed fiber optic sensors
The technical issues related to the installation of distributed sensors act as a major challenge to the growth of the market. The optical fiber should be carefully dealt with to avoid its breakage while installation. The design of the sensor cables has improved enormously, but, improper cable deployment can fail to acquire accurate information. As the process of installation and operation of the fiber includes high-cost inputs, such failures can result in customers’ indifference to the technology in future projects. There is always a risk involved in the deployment of the cable, and, hence, any kind of carelessness in the deployment or installation of the optical fiber can affect the readings recorded by the sensor and lead to improper functioning, which, in turn, would restrain the growth rate of the market.
The healthcare & medical segment is expected to be the largest during the forecast period
The healthcare & medical segment is estimated to have a lucrative growth owing to increased R&D and growing awareness. The medical industry has a stringent regulatory framework overseeing the deployment of new devices. Various organizations produce optical sensing devices for the medical industry.
The biometric and ambience segment is expected to have the highest CAGR during the forecast period
The biometric and ambience segment is anticipated to witness the fastest CAGR growth during the forecast period because of the rising demand for energy-efficient solutions in smartphones and other consumer electronics and building automation applications. This can also be attributed to the rising utilization of ambient sensors in automobiles, for the automatic dimming of headlamps and increasing visibility during adverse conditions.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to the growing demand for automation across various industries, the proliferation of IoT-connected devices, and the rising adoption of optical sensors in the different industrial sectors. Industries across countries such as the United States and Canada are increasingly adopting optical sensors for monitoring a wide range of physical and chemical parameters.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the significant demand for consumer electronics products and the presence of consumer electronics manufacturers in China, India, and Japan. Moreover, the countries of the Rest of APAC have started investing in pipeline infrastructures that pave the way for increased demand for distributed sensors. Due to growing government activities in countries such as China and India, there would likely be high growth opportunities for the optic sensing market in APAC.
Key players in the market
Some of the key players profiled in the Optical Sensing Market include Alphasense, Vishay Intertechnology, Inc., Texas Instruments Inc., AMS AG, STMicroelectronics, Fotech Solutions Limited, ROHM Semiconductor, Oxsensis Ltd., Analog Devices Inc., Silixa Ltd., OPTEK Technology Inc., Intelligent Fiber Optic Systems Corporation,Hamamatsu Photonics K.K., RJC Enterprises, Fairchild Semiconductor, Teledyne DALSA Inc., ABB, and Opsens Inc.
Key Developments:
In April 2021, ROHM Semiconductor is collaborating with Sanden Huayu Automotive Air-Conditioning Co., to establish a joint technical laboratory focused on automotive applications. The new lab, located at Sanden Huayu’s headquarters in Shanghai, was unveiled at an opening ceremony. It will be equipped with tools used to evaluate automotive air-conditioning systems and devices.
In Dec 2020, ABB entered into an agreement with CORYS to advance digital twin modeling and simulation technology across energy and process industries. The agreement reflects a strategic collaboration between ABB and CORYS, with both companies committed to delivering advanced digital twin technology to help drive down capital and operational costs and reduce risks for customers.
Types Covered:
• Position Sensors
• Image Sensors
• Fiber Optic Sensors
• Ambient Light Sensors
Methods Covered:
• Intrinsic
• Extrinsic
Technologies Covered:
• Spectroscopy
• Fiber Braggs Grating (FBG)
• Laser Doppler Velocimetry
• Fabry Perot Interferometers
Applications Covered:
• Temperature Sensing
• Radiation Sensing
• Biometric and Ambience
• Partial Discharge Detection
• Geological Survey
• Flow Measurement Sensing
• Pressure and Strain Sensing
• Biochemical
• Other Applications
End Users Covered:
• Oil and Gas
• Navigation and Sensing
• Healthcare & Medical
• Consumer Electronics
• Free Space Communication
• Automotive
• Construction
• Government & Utilities
• Aerospace and Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Optical Sensing Market, By Type
5.1 Introduction
5.2 Position Sensors
5.3 Image Sensors
5.4 Fiber Optic Sensors
5.5 Ambient Light Sensors
6 Global Optical Sensing Market, By Method
6.1 Introduction
6.2 Intrinsic
6.2.1 Fiber Bragg Grating Based
6.2.1.1 Spatially Continuous Based
6.2.1.2 Point Fbg Based
6.2.2 Scattering Based
6.2.2.1 Brillouin Scattering
6.2.2.2 Raman Scattering
6.2.2.3 Rayleigh Scattering
6.3 Extrinsic
6.3.1 Spectroscopy
6.3.2 Pyrometers
6.3.3 Optical Coherence Tomography
6.3.4 Laser Doppler Velocimetry
6.3.5 Fabry–Perot Interferometers
6.3.6 Encoders
7 Global Optical Sensing Market, By Technology
7.1 Introduction
7.2 Spectroscopy
7.3 Fiber Braggs Grating (FBG)
7.4 Laser Doppler Velocimetry
7.5 Fabry Perot Interferometers
8 Global Optical Sensing Market, By Application
8.1 Introduction
8.2 Temperature Sensing
8.3 Radiation Sensing
8.4 Biometric and Ambience
8.5 Partial Discharge Detection
8.6 Geological Survey
8.7 Flow Measurement Sensing
8.8 Pressure and Strain Sensing
8.9 Biochemical
8.10 Other Applications
8.10.1 Vibration Sensing
8.10.2 Remote Sensing Satellite
8.10.3 Metrology
8.10.4 Displacement Sensing
8.10.5 Acceleration Sensing
8.10.6 Rotation Sensing
9 Global Optical Sensing Market, By End User
9.1 Introduction
9.2 Oil and Gas
9.3 Navigation and Sensing
9.4 Healthcare & Medical
9.5 Consumer Electronics
9.6 Free Space Communication
9.7 Automotive
9.8 Construction
9.9 Government & Utilities
9.10 Aerospace and Defense
9.11 Other End Users
9.11.1 Transportation
9.11.2 Marine
9.11.3 Chemicals
10 Global Optical Sensing Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Alphasense
12.2 Vishay Intertechnology, Inc.
12.3 Texas Instruments Inc.
12.4 AMS AG
12.5 STMicroelectronics
12.6 Fotech Solutions Limited
12.7 ROHM Semiconductor
12.8 Oxsensis Ltd.
12.9 Analog Devices Inc.
12.10 Silixa Ltd.
12.11 OPTEK Technology Inc.
12.12 Intelligent Fiber Optic Systems Corporation
12.13 Hamamatsu Photonics K.K.
12.14 RJC Enterprises
12.15 Fairchild Semiconductor
12.16 Teledyne DALSA Inc.
12.17 ABB
12.18 Opsens Inc.
List of Tables
1 Global Optical Sensing Market Outlook, By Region (2020-2028) ($MN)
2 Global Optical Sensing Market Outlook, By Type (2020-2028) ($MN)
3 Global Optical Sensing Market Outlook, By Position Sensors (2020-2028) ($MN)
4 Global Optical Sensing Market Outlook, By Image Sensors (2020-2028) ($MN)
5 Global Optical Sensing Market Outlook, By Fiber Optic Sensors (2020-2028) ($MN)
6 Global Optical Sensing Market Outlook, By Ambient Light Sensors (2020-2028) ($MN)
7 Global Optical Sensing Market Outlook, By Method (2020-2028) ($MN)
8 Global Optical Sensing Market Outlook, By Intrinsic (2020-2028) ($MN)
9 Global Optical Sensing Market Outlook, By Fiber Bragg Grating Based (2020-2028) ($MN)
10 Global Optical Sensing Market Outlook, By Scattering Based (2020-2028) ($MN)
11 Global Optical Sensing Market Outlook, By Extrinsic (2020-2028) ($MN)
12 Global Optical Sensing Market Outlook, By Spectroscopy (2020-2028) ($MN)
13 Global Optical Sensing Market Outlook, By Pyrometers (2020-2028) ($MN)
14 Global Optical Sensing Market Outlook, By Optical Coherence Tomography (2020-2028) ($MN)
15 Global Optical Sensing Market Outlook, By Laser Doppler Velocimetry (2020-2028) ($MN)
16 Global Optical Sensing Market Outlook, By Fabry–Perot Interferometers (2020-2028) ($MN)
17 Global Optical Sensing Market Outlook, By Encoders (2020-2028) ($MN)
18 Global Optical Sensing Market Outlook, By Technology (2020-2028) ($MN)
19 Global Optical Sensing Market Outlook, By Spectroscopy (2020-2028) ($MN)
20 Global Optical Sensing Market Outlook, By Fiber Braggs Grating (FBG) (2020-2028) ($MN)
21 Global Optical Sensing Market Outlook, By Laser Doppler Velocimetry (2020-2028) ($MN)
22 Global Optical Sensing Market Outlook, By Fabry Perot Interferometers (2020-2028) ($MN)
23 Global Optical Sensing Market Outlook, By Application (2020-2028) ($MN)
24 Global Optical Sensing Market Outlook, By Temperature Sensing (2020-2028) ($MN)
25 Global Optical Sensing Market Outlook, By Radiation Sensing (2020-2028) ($MN)
26 Global Optical Sensing Market Outlook, By Biometric and Ambience (2020-2028) ($MN)
27 Global Optical Sensing Market Outlook, By Partial Discharge Detection (2020-2028) ($MN)
28 Global Optical Sensing Market Outlook, By Geological Survey (2020-2028) ($MN)
29 Global Optical Sensing Market Outlook, By Flow Measurement Sensing (2020-2028) ($MN)
30 Global Optical Sensing Market Outlook, By Pressure and Strain Sensing (2020-2028) ($MN)
31 Global Optical Sensing Market Outlook, By Biochemical (2020-2028) ($MN)
32 Global Optical Sensing Market Outlook, By Other Applications (2020-2028) ($MN)
33 Global Optical Sensing Market Outlook, By Vibration Sensing (2020-2028) ($MN)
34 Global Optical Sensing Market Outlook, By Remote Sensing Satellite (2020-2028) ($MN)
35 Global Optical Sensing Market Outlook, By Metrology (2020-2028) ($MN)
36 Global Optical Sensing Market Outlook, By Displacement Sensing (2020-2028) ($MN)
37 Global Optical Sensing Market Outlook, By Acceleration Sensing (2020-2028) ($MN)
38 Global Optical Sensing Market Outlook, By Rotation Sensing (2020-2028) ($MN)
39 Global Optical Sensing Market Outlook, By End User (2020-2028) ($MN)
40 Global Optical Sensing Market Outlook, By Oil and Gas (2020-2028) ($MN)
41 Global Optical Sensing Market Outlook, By Navigation and Sensing (2020-2028) ($MN)
42 Global Optical Sensing Market Outlook, By Healthcare & Medical (2020-2028) ($MN)
43 Global Optical Sensing Market Outlook, By Consumer Electronics (2020-2028) ($MN)
44 Global Optical Sensing Market Outlook, By Free Space Communication (2020-2028) ($MN)
45 Global Optical Sensing Market Outlook, By Automotive (2020-2028) ($MN)
46 Global Optical Sensing Market Outlook, By Construction (2020-2028) ($MN)
47 Global Optical Sensing Market Outlook, By Government & Utilities (2020-2028) ($MN)
48 Global Optical Sensing Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
49 Global Optical Sensing Market Outlook, By Other End Users (2020-2028) ($MN)
50 Global Optical Sensing Market Outlook, By Transportation (2020-2028) ($MN)
51 Global Optical Sensing Market Outlook, By Marine (2020-2028) ($MN)
52 Global Optical Sensing Market Outlook, By Chemicals (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.