Global Optical Sensing Market Outlook 2017-2023: Market accounted for $1.20 billion in 2016 and is expected to reach $3.46 billion by 2023 growing at a CAGR of 16.3% - Research and Markets

DUBLIN--()--The "Optical Sensing - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Optical Sensing Market accounted for $1.20 billion in 2016 and is expected to reach $3.46 billion by 2023 growing at a CAGR of 16.3% during the forecast period.

Expanding interest in R&D activities is the key factor fueling the market growth. However, increasing ventures to grow more reliable sensing devices and accessibility of less expensive non-optical sensors with lesser detecting capacities are hampering the market.

By industry, aerospace and defense segment is commanded the largest market share. This is because industry promptly embraces better sensors in its operations and is likewise helped by the expanded speculations through government budgetary assignments and different financial specialists. By geography, Asia-Pacific is estimated to grow at the maximum rate owing to the developing urbanization in the region and expanded spending to deploy enhanced sensing technologies to monitor the infrastructure in sectors such as utilities and oil & gas.

Some of the key players in Optical Sensing market include

  • Stmicroelectronics N.V.
  • AMS Ag
  • Rohm Semiconductor
  • Texas Instruments Inc.
  • Alphasense
  • Oxsensis Ltd.
  • Fairchild Semiconductor
  • Teledyne Dalsa Inc.
  • Hamamatsu Photonics K.K.
  • Vishay Intertechnology, Inc.
  • RJC Enterprises, Llc

Applications Covered:

  • Biochemical
  • Temperature Sensing
  • Biometric and Ambience
  • Pressure and Strain Sensing
  • Geological Survey
  • Other Applications
  • Flow sensing
  • Partial discharge detection
  • Radiation sensing

Methods Covered:

  • Intrinsic
  • Fiber Braggs Grating (FBG) Based
  • Scattering Based
  • Rayleigh Scattering
  • Brillouin Scattering
  • Raman Scattering
  • Extrinsic
  • Pyrometers
  • Encoders
  • Spectroscopy
  • Laser Doppler Velocimetry
  • Fabry-Perot Interferometers
  • Optical Coherence Tomography

Industries Covered:

  • Construction
  • Utilities
  • Medical
  • Aerospace and Defense
  • Consumer Electronics
  • Oil and Gas
  • Others Industries
  • Transportation
  • Marine
  • Chemicals

For more information about this report visit https://www.researchandmarkets.com/research/d2gfjb/optical_sensing

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Optical Sensors

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Optical Sensors