NEW YORK, Dec. 2, 2015 /PRNewswire/ -- This BCC Research report includes factors currently driving and restraining the growth of the market, as well as factors impacting the future of the industry. Includes forecast through 2020.
Use this report to:
Analyze the various applications of optical sensors and the market dynamics of each application.
Understand opportunities and innovation-driven optical sensor market opportunities.
Analyze growth strategies of key players in the optical sensor market.
Look at major stakeholders in the market and the competitive landscape in regards to market leaders.
The global market for optical sensors was valued at $291.6 million in 2014. This market is projected to grow from $315.9 million in 2015 to $971.8 million in 2020, a compound annual growth rate (CAGR) of 25.2% from 2015 to 2020.
The aerospace and defense segment held the largest share in the optical sensor market and is expected to increase from $104.5 million in 2015 to $315.8 million in 2020, a CAGR of 24.8% from 2015 to 2020.
The oil and gas segment is expected to increase from $60.7 million in 2015 to $183.3 million in 2020 with a CAGR of 24.7% from 2015 to 2020.
STUDY GOALS AND OBJECTIVES
This report is an impact analysis of the optical sensor market. The information in this report includes factors currently driving and restraining the growth of the market, as well as factors impacting the future of the industry. The goals and objectives of this report include the following:
-To understand opportunities and innovation-driven optical sensor market highlights, and the major regions and countries involved in such developments.-To analyze the various applications of optical sensors and the market dynamics of each application.-To identify segments with high growth potential; also to understand future applications of given segments.- To examine key trends related to types, applications, networks, and regional factors that shape and influence the overall optical sensor market.-To examine region-specific developments in the industry.-To understand the major stakeholders in the market and the competitive landscape for market leaders.-To analyze growth strategies of key players in the optical sensor market.-To analyze patent data where relevant.
REASONS FOR DOING THE STUDY
Optical sensors have major applications across various sectors such as commercial, defense, medical equipment, and research and development. Increasing deployment of optical sensors across the above-mentioned segments is expected to fuel the demand for optical systems at the global level. There are various advantages of optical sensors for these applications including greater sensitivity, electrical passiveness, freedom from electromagnetic interference, wide dynamic range, both point and distributed configuration, and multiplexing capabilities. Owing to these factors, the optical sensor market was considered by BCC Research to be an important area for study.
SCOPE OF REPORT
The optical sensor market is segmented into categories as follows:
By type: extrinsic sensors and intrinsic sensors. Extrinsic optical sensors are further sub-segmented into temperature sensors, flow measurement sensors, pressure sensors, and others. Intrinsic sensors are further sub-segmented into rotation sensors, acceleration sensors, strain sensors, and others.
By application: military and law enforcement, night vision cameras, biometrics, partial discharge detection, biological sensing, chemical sensing, and others.
By industry end user: aerospace and defense, utilities, construction, chemical, oil and gas, and others.
By region: North America is segmented into the U.S., Canada, and Mexico; Europe is segmented into France, Italy, Germany, U.K., Russia, and rest of Commonwealth Independent States (CIS); Asia-Pacific (APAC) is segmented into China, Japan, Taiwan, South Korea, and others; and Rest of the World (ROW) covers Middle East, Africa, and South America.
In addition to industry and competitive analysis of the optical sensor market, this report also includes a patent analysis and a listing of company profiles for key players in the optical sensor market.
Read the full report:
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