HOME Top Market Reports Optical Sensing Market by Industry (Aerospace & Defense, Utilities, Oil & Gas, Medical, Construction, and Consumer Electronics), Application, Method, and Geography - Global Forecast to 2023

Optical Sensing Market by Industry (Aerospace & Defense, Utilities, Oil & Gas, Medical, Construction, and Consumer Electronics), Application, Method, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: SE 5337

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The optical sensing market is estimated to grow from USD 1.12 Billion in 2016 to USD 3.46 Billion by 2023, at a CAGR of 15.47% between 2017 and 2023. The demand for optical sensing devices is expected to increase due to its accuracy and ability to withstand harsh environments in key industries such as aerospace & defense; utilities; and oil & gas. The increasing investments in R&D activities are also expected to drive the growth of the market. The base year considered for the study is 2016, and the market size forecast is given for the period between 2017 and 2023.

The prime objectives of this report can be summarized in the following points.

  • To define, describe and forecast the global optical sensing market on the basis of  method, application, industry, and geography
  • To forecast the market size across various segments with respect to major geographical divisions, namely, North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW)
  • To provide information and analysis of the major factors influencing the market growth (drivers, restraints, opportunities and challenges)
  • To provide strategical analysis of the micro-markets within the market with respect to growth trends, future prospects and contribution to the total market
  • To strategically profile the key players and provide comprehensive details of their businesses with respect to optical sensing market along with detailed competitive landscape for the market players

This research study involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Business, Factiva, and OneSource) to identify and collect information useful for this study. The research methodology followed in this report is explained below.

  • Analysis of all the applications of optical sensing devices
  • Analysis of various types of optical sensing devices sold to various end users
  • Analysis of the penetration of optical sensing devices in various industries worldwide
  • Estimation of the market size in terms of value
  • Estimation of the market size of the optical sensing market in terms of applications across various industries
  • Overall market size along with data triangulation with supply-side data including product developments, supply chain, and estimated sales of optical sensing devices

After arriving at the overall market size, the total market has been split into several segments and subsegments and confirmed with the key industry experts. The figure below shows the breakdown of primaries on the basis of company type, designation, and region.

Optical Sensing Market

To know about the assumptions considered for the study, download the pdf brochure

The optical sensing market ecosystem includes players such as ROHM Semiconductor (Japan), ABB (Switzerland), Hamamatsu Photonics K.K. (Japan), ams AG (Austria), Texas Instruments Inc. (U.S.) and Analog Devices Inc. (U.S.) among others.

Key Target Audience:

  • Optical sensing device manufacturers
  • Optical fiber manufacturers
  • Aviation manufacturers
  • Energy and power companies
  • Geotechnical and construction vendors
  • Defense researchers
  • Safety equipment manufacturers
  • Industrial automation vendors
  • Medical equipment manufacturers
  • Consumer electronics vendors
  • Government regulatory bodies
  • Educational institutes
  • Distributers
  • Investors
  • Private research organizations
  • Organizations, alliances, and associations related to optical sensing industry 

Scope of the Report:

The research report segments the optical sensing market into following submarkets:

By Industry

  • Aerospace & defense
  • Utilities
  • Oil & gas
  • Medical
  • Construction
  • Consumer electronics
  • Others (Chemicals, transportation, and marine)

By Application

  • Pressure and strain sensing
  • Temperature sensing
  • Geological survey
  • Biochemical sensing
  • Biometric and ambience sensing
  • Others (Radiation sensing, flow sensing, and partial discharge detection)

By Method

  • Extrinsic
    • Optical coherence tomography
    • Encoders
    • Laser Doppler velocimetry
    • Pyrometers
    • Fabry-Perot Interferometers
    • Spectroscopy
  • Intrinsic
    • Scattering based
      • Raman
      • Rayleigh
      • Brillouin
    • Fiber Braggs Grating (FBG) based
      • Point FBG based
      • Spatially continuous based

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Middle East & Africa
    • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
                    2.1.2.4 Key Industry Insights
    2.2 Secondary and Primary Research
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in Optical Sensing Market
    4.2 Optical Sensing Market in APAC
    4.3 Optical Sensing Market, By Application
    4.4 Optical Sensing Market, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Physical Properties Suitable for Sensing in Harsh Environments
                    5.3.1.2 Constant Technological Developments in Optical Sensors
           5.3.2 Restraints
                    5.3.2.1 Cheaper Substitutes to Optical Sensors
           5.3.3 Opportunities
                    5.3.3.1 Promising Industrial IoT Applications
                    5.3.3.2 Rising Applications in Healthcare
           5.3.4 Challenges
                    5.3.4.1 Need for Developing Cost-Effective Sensors

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Research and Product Development
           6.2.2 Manufacturing and Assembly
           6.2.3 Distribution/Marketing
           6.2.4 Post-Sales Services
    6.3 Key Industry Trends

7 Optical Sensing Market, By Industry (Page No. - 43)
    7.1 Introduction
    7.2 Aerospace and Defense
    7.3 Utilities
    7.4 Oil and Gas
    7.5 Medical
    7.6 Construction
    7.7 Consumer Electronics
    7.8 Others

8 Optical Sensing Market, By Application (Page No. - 54)
    8.1 Introduction
    8.2 Pressure and Strain Sensing
    8.3 Temperature Sensing
    8.4 Geological Survey
    8.5 Biochemical
    8.6 Biometric and Ambience
    8.7 Others

9 Methods Used in Optical Sensing (Page No. - 83)
    9.1 Introduction
    9.2 Extrinsic
           9.2.1 Optical Coherence Tomography
           9.2.2 Encoders
           9.2.3 Laser Doppler Velocimetry
           9.2.4 Pyrometers
           9.2.5 Fabry–Perot Interferometers
           9.2.6 Spectroscopy
    9.3 Intrinsic
           9.3.1 Scattering Based
                    9.3.1.1 Raman Scattering
                    9.3.1.2 Rayleigh Scattering
                    9.3.1.3 Brillouin Scattering
           9.3.2 Fiber Bragg Grating Based
                    9.3.2.1 Point Fbg Based
                    9.3.2.2 Spatially Continuous Based

10 Geographic Analysis (Page No. - 87)
     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 France
             10.3.3 UK
             10.3.4 Italy
             10.3.5 Russia
             10.3.6 Spain
             10.3.7 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Rest of APAC
     10.5 RoW
             10.5.1 Middle East and Africa
             10.5.2 Latin America

11 Competitive Landscape (Page No. - 104)
     11.1 Introduction
     11.2 Market Ranking of Players in Optical Sensing Market, 2016
     11.3 Vendor Dive Overview
             11.3.1 Vanguards
             11.3.2 Dynamic
             11.3.3 Innovators
             11.3.4 Emerging
     11.4 Competitive Benchmarking
             11.4.1 Business Strategy Analysis (25 Companies)
             11.4.2 Product Offering Analysis (25 Companies)

*Top 25 Companies Analyzed for This Study are -ROHM Semiconductor, ABB, Hamamatsu Photonics K.K., AMS AG, Fairchild Semiconductor, Analog Devices, Inc., Texas Instruments, Inc., Vishay Intertechnology, Inc., Micron Optics, Inc., Cementys, Stmicroelectronics N.V., Opsens Inc., Newport Corporation, Alphasense, Teledyne Dalsa Inc., Oxsensis Ltd., Silixa Ltd., Optasense Ltd., Intelligent Fiber Optic Systems Corporation, Fotech Solutions Ltd., Optek Technology, Inc., Sharp Corporation, Broadcom, Fiso Technologies Inc., RJC Enterprises LLC, 12

12 Company Profiles (Page No. - 110)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 ROHM Semiconductor
     12.3 ABB
     12.4 Hamamatsu Photonics K.K.
     12.5 AMS AG
     12.6 Fairchild Semiconductor
     12.7 Analog Devices, Inc.
     12.8 Texas Instruments Inc.
     12.9 Stmicroelectronics N.V.
     12.10 Vishay Intertechnology, Inc.
     12.11 Alphasense
     12.12 Teledyne Dalsa Inc.
     12.13 Oxsensis Ltd.
     12.14 RJC Enterprises, LLC
     12.15 Key Innovators

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 149)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (76 Tables)

Table 1 Optical Sensing Market, By Industry, 2014–2023 (USD Million)
Table 2 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 3 Market for Aerospace and Defense Industry, By Application, 2014–2023 (USD Million)
Table 4 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 5 Market for Utilities Industry, By Application, 2014–2023 (USD Million)
Table 6 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 7 Market for Oil and Gas Industry, By Application, 2014–2023 (USD Million)
Table 8 Market for Medical Industry, By Region, 2014–2023 (USD Million)
Table 9 Market for Medical Industry, By Application, 2014–2023 (USD Million)
Table 10 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 11 Market for Construction Industry, By Application, 2014–2023 (USD Million)
Table 12 Market for Consumer Electronics Industry, By Region, 2014–2023 (USD Million)
Table 13 Market for Consumer Electronics Industry, By Application, 2014–2023 (USD Million)
Table 14 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 15 Market for Other Industries, By Application, 2014–2023 (USD Million)
Table 16 Market, By Application, 2014–2023 (USD Million)
Table 17 Market, By Application, 2014–2023 (Thousand Units)
Table 18 Market for Pressure and Strain Application, By Region, 2014–2023 (USD Million)
Table 19 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 20 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 21 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 22 Market for Medical Industry, By Region, 2014–2023 (USD Million)
Table 23 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 24 Market for Consumer Electronics Industry, By Region, 2014–2023 (USD Million)
Table 25 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 26 Market for Temperature Application, By Region, 2014–2023 (USD Million)
Table 27 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 28 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 29 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 30 Market for Medical Industry, By Region, 2014–2023 (USD Million)
Table 31 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 32 Market for Consumer Electronics Industry, By Region, 2014–2023 (USD Million)
Table 33 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 34 Market for Geological Survey Application, By Region, 2014–2023 (USD Million)
Table 35 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 36 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 37 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 38 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 39 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 40 Market for Biochemical Application, By Region, 2014–2023 (USD Million)
Table 41 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 42 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 43 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 44 Market for Medical Industry, By Region, 2014–2023 (USD Million)
Table 45 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 46 Market for Consumer Electronics Industry, By Region, 2014–2023 (USD Million)
Table 47 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 48 Market for Biometric and Ambience Application, By Region, 2014–2023 (USD Million)
Table 49 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 50 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 51 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 52 Market for Medical Industry, By Region, 2014–2023 (USD Million)
Table 53 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 54 Market for Consumer Electronics Industry, By Region, 2014–2023 (USD Million)
Table 55 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 56 Market for Other Applications, By Region, 2014–2023 (USD Million)
Table 57 Market for Aerospace and Defense Industry, By Region, 2014–2023 (USD Million)
Table 58 Market for Utilities Industry, By Region, 2014–2023 (USD Million)
Table 59 Market for Oil and Gas Industry, By Region, 2014–2023 (USD Million)
Table 60 Market for Construction Industry, By Region, 2014–2023 (USD Million)
Table 61 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 62 Market, By Region, 2014–2023 (USD Million)
Table 63 Market, By Region, 2014–2023 (Thousand Units)
Table 64 Market in North America, By Application, 2014–2023 (USD Million)
Table 65 Market in North America, By Application, 2014–2023 (Thousand Units)
Table 66 Market in North America, By Country, 2014–2023 (USD Million)
Table 67 Market in Europe, By Application, 2014–2023 (USD Million)
Table 68 Market in Europe, By Application, 2014–2023 (Thousand Units)
Table 69 Market in Europe, By Country, 2014–2023 (USD Million)
Table 70 Market in APAC, By Application, 2014–2023 (USD Million)
Table 71 Market in APAC, By Application, 2014–2023 (Thousand Units)
Table 72 Market in APAC, By Country, 2014–2023 (USD Million)
Table 73 Market in RoW, By Application, 2014–2023 (USD Million)
Table 74 Market in RoW, By Application, 2014–2023 (Thousand Units)
Table 75 Market in RoW, By Region, 2014–2023 (USD Million)
Table 76 Market Ranking of Top 5 Players in Optical Sensing Market (2016)


List of Figures (47 Figures)

Figure 1 Optical Sensing Market Segmentation
Figure 2 Optical Sensing Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Aerospace and Defense Industry has the Largest Share of the Total Optical Sensing Market in 2016
Figure 7 Market for Pressure and Strain Application Expected to Dominate During the Forecast Period
Figure 8 North America Expected to Dominate Optical Sensing Market During the Forecast Period
Figure 9 Market Offers Lucrative Opportunities Owing to Increased Investments to Develop Innovative Products During the Forecast Period
Figure 10 China Holds the Largest Share of Optical Sensing Market in APAC
Figure 11 Pressure and Strain Application Expected to Dominate Optical Sensing Market During the Forecast Period
Figure 12 Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges for Optical Sensing Market
Figure 14 Market: Value Chain Analysis
Figure 15 Product Innovation—Key Trend in the Optical Sensing Market
Figure 16 Optical Sensing Market, By Industry
Figure 17 Aerospace and Defense Industry Expected to Dominate Optical Sensing Market During the Forecast Period
Figure 18 Optical Sensing Market for Oil and Gas Industry in RoW Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 Pressure and Strain Sensors Expected to Dominate Optical Sensing Market for Construction Industry During the Forecast Period
Figure 20 Optical Sensing Market, By Application
Figure 21 Pressure and Strain Application Expected to Dominate Optical Sensing Market During the Forecast Period
Figure 22 Shipments for Biochemical Sensors Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America Expected to Dominate Optical Sensing Market for Pressure and Strain Application During the Forecast Period
Figure 24 Optical Sensing Market for Temperature Application in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 APAC Expected to Demonstrate Significant Growth for Temperature Application in Optical Sensing Market for Other Industries
Figure 26 Optical Sensing Market for Geological Survey Application in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 North America Expected to Dominate Market for Biochemical Application During the Forecast Period
Figure 28 North America Expected to Dominate Market for Biometric and Ambience Application During the Forecast Period
Figure 29 North America Accounted for the Largest Share of the Total Market for Other Applications During the Forecast Period
Figure 30 Methods Used in Optical Sensing
Figure 31 Optical Sensing Market, By Geography
Figure 32 India and Latin America Expected to Witness Significant Growth in Optical Sensing Market During the Forecast Period
Figure 33 North America: Optical Sensing Market Snapshot
Figure 34 Europe: Optical Sensing Market Snapshot
Figure 35 APAC: Optical Sensing Market Snapshot
Figure 36 RoW: Optical Sensing Market Snapshot
Figure 37 Key Growth Strategies Adopted By Top Companies Between 2014 and 2016
Figure 38 Dive Chart
Figure 39 Geographic Revenue Mix of Top 5 Market Players
Figure 40 ROHM Semiconductor: Company Snapshot
Figure 41 ABB: Company Snapshot
Figure 42 Hamamatsu Photonics K.K.: Company Snapshot
Figure 43 AMS AG: Company Snapshot
Figure 44 Analog Devices, Inc.: Company Snapshot
Figure 45 Texas Instruments, Inc.: Company Snapshot
Figure 46 Stmicroelectronics N.V.: Company Snapshot
Figure 47 Vishay Intertechnology, Inc.: Company Snapshot

According to MarketsandMarkets, the optical sensing market size, in terms of value, is projected to grow from USD 1.12 Billion in 2016 to USD 3.46 Billion by 2023, at a CAGR of 15.47% between 2017 and 2023.

Optical sensing devices have been adopted across a number of industries such as aerospace & defense; utilities; and oil & gas. These devices use light sources such as visible light, ultraviolet light, and infrared light to detect environmental parameters such as pressure and temperature. The key feature of these devices is their accuracy in sensing and ability to withstand high temperature and electromagnetic interference. Growing investments in R&D activities in the market are expected to boost the market in the coming years.

This report covers the optical sensing market on the basis of industry, application, method, and geography. The aerospace & defense industry is expected to hold the largest market share during the forecast period while the medical industry is expected to demonstrate significant growth during the forecast period. This is due to the increased investments in the medical industry owing to improved form factor of the sensors and growing awareness about the sensing capabilities.

Optical sensing devices for pressure and strain sensing applications accounted for the largest market share in the market in 2016. The sensors have accurate measurement capability and ability to withstand harsh environments and are suitable for industries such as aerospace & defense; utilities; and oil and gas. The market for biochemical sensing application is expected to grow at a fast rate during the forecast period. The reducing prices and form factor of the sensor have increased the rate of adoption of these sensing devices.

Optical Sensing Market

North America is expected to hold the largest market share and dominate the optical sensing market between 2017 and 2023, whereas the Asia-Pacific region is expected to grow at the highest rate during the forecast period. The need to upgrade the infrastructure sensing devices in major industries with harsh operating conditions is expected to be the major growth factor for the market.

The major restraint for the growth of the optical sensing market is the availability of cheaper substitutes in the market. The upcoming industrial IoT surge is expected to considerably boost the market growth during the forecast period. The key players in the optical sensing market include ROHM Semiconductor (Japan), ABB (Switzerland), Hamamatsu Photonics K.K. (Japan), ams AG (Austria), and Fairchild Semiconductors (U.S.). These players adopted various strategies such as new product launches & developments, partnerships, collaborations, business expansions, and mergers to grow in the optical sensing market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Sensors and Controls Markets on KnowledgeStore
Request Demo