According to a new report, published by KBV research, The Global Photonic Sensors Market size is expected to reach $80.5 billion by 2030, rising at a market growth of 14.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,82,376.8 thousand units, experiencing a growth of 15.7% (2019-2022).
The Image Sensor segment is experiencing a CAGR of 14.8% during (2023 - 2030). Image sensors can capture images at different frame rates, determining the smoothness of video motion. Higher frame rates are essential for applications like video recording and high-speed photography. A higher dynamic range is desirable for capturing scenes with a broad range of lighting conditions. Image sensors are at the core of modern digital imaging technology, and their performance continues to improve, enabling higher-quality images, more accurate color reproduction, and better low-light performance in a wide range of consumer and industrial devices.
The Safety & Security segment is leading the Global Photonic Sensors Market, by Application in 2022; thereby, achieving a market value of $27,599.8 Million by 2030. They are used for detecting intrusions in secured areas. Infrared motion, laser-based, and photoelectric sensors are employed to trigger alarms or alerts when unauthorized access is detected. In low-light or nighttime conditions, these sensors enable night vision technology, enhancing the visibility of security cameras and aiding surveillance operations. As technology advances, they will likely play an increasingly prominent role in creating robust, sophisticated safety and security systems across various sectors.
The Fiber Optic Technology segment would exhibit a CAGR of 14.1% during (2023 – 2030). Fiber optic cables have one or more optical fibers, which are extremely thin, flexible, and made of glass or plastic. These fibers are used to transmit data in the form of light pulses. Fiber optic technology relies on the principle of total internal reflection. Fiber optic technology has revolutionized data transmission, offering high-speed, reliable, and secure communication solutions. It continues to play a crucial role in increasingly interconnected world and is a fundamental component of modern telecommunications and data infrastructure.
The North America region dominated the Global Photonic Sensors Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $27.4 Billion by 2030. The Europe region is anticipated to witness a CAGR of 14.3% during (2023 - 2030). Additionally, The Asia Pacific region is poised to grow a CAGR of 15.3% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/photonic-sensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Baumer Holding AG, Banner Engineering Corporation, Honeywell International, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Toshiba Corporation, Fujifilm Holdings Corporation, Motorola Solutions, Inc., General Electric Company, BAE Systems PLC and General Dynamics Corporation.
By Product (Volume, Thousand Unit, USD Billion, 2019-30)
By Application (Volume, Thousand Unit, USD Billion, 2019-30)
By Technology (Volume, Thousand Unit, USD Billion, 2019-30)
By Geography (Volume, Thousand Unit, USD Billion, 2019-30)
Companies Profiled
Unique Offerings 
