Fiber,Optic,Sensors,market,exp marketing Fiber Optic Sensors market experiencing highest demand!
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The Global Optical sensor market growing at a CAGR of 6.33 % is experiencing the highest growth in the APAC region and occupies the largest market share in Europe. The market though currently fragmented and competitive, is fast evolving by catering to multiple domains. The only barrier of the market is the high price of adoption of the technology and the reluctance from the user-end. Optical sensors are divided into Fiber Optic Sensors, Image sensors, Position Sensors, Ambient Light and Proximity Sensors and Infrared Sensors on the basis of their types and technologies. Each of these sensors can be applied in different fields and its market share and size is dependent of its extent of popularity and affordability.Fiber optical devices, best known for its popularity in research and infrastructural instrumentation is forecasted to cross the $ 1 billion benchmark at the end of 2015 and will find applications in Oil and Gas wells (seismic and in-well) , homeland security, pipelines, wind energy turbines, geothermal, military (gyroscopes and hydrophones), and process control domains.The image sensing market, categorized on the basis of its applications, fall under five distinct divisions: Consumer electronics, medical, industrial, surveillance and automotive. The market is seeing a shift form CCD to CMOS image sensors and the key reason to this shift is the CMOS’s simple processing methods, low cost of manufacturing, good design techniques etc. The market is seen to be driven by its demand in the industrial sector that requires monitoring of the manufacturing facility.Lately, the opportunities of the position sensors have been seen to be virtually unlimited. The industry is regarded to have highest potential in areas of aerospace, defense, and oil and gas. The market can be split as automotive, industrial, and commercial and defense on the basis of its applications. Apart from its use in the traditional industries, these machines can be used in laser printers, optical mice, cameras, toys, barcode readers and scanners etc. The devices are capable of detecting the presence (and absence) of a light source and converting this valuable data into electronic signals, which in turn, when processed can determine the movement of a person, capture images and sense presence at any given area or time.Ambient Light (ALS) versions of the device optimize the operations of LED Backlights under different lighting situations. The sectors off-late has indicated a shift to a more integrated solution. The ALS can also be used in portable products equipped with LED functionalities like notebooks, tablets, PC’s, digital cameras, video players, and GPS-based consumer electronics. The segment has been projected to grow at 21% up till 2019-2020.In 2014, image sensors occupied the highest share in the global market followed by position sensors and fiber optics sensors. However the recent trends in the industry indicate the popularity and growth of the fiber optics segment (leading with $ 2.37 billion). Today, fiber optical sensors, position sensors and image sensors occupy the majority of the market share. However, forecasts predict that the position sensing devices will exhibit the highest growth in the next five years (2015-2010). Article Tags: Fiber Optic Sensors, Fiber Optic, Optic Sensors, Market Share, Image Sensors, Position Sensors
Fiber,Optic,Sensors,market,exp