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Aug 23rd, 2014
Photonic sensor and detector sales to hit $15bn
BCC Research market analysis predicts CAGR of 16% over next five years.
Global sales of photonic sensors and detectors will increase from $6.3 billion in 2013, an estimated $7.3 billion in 2014 and will reach $15.2 billion in 2019, according to a new market study by analyst BCC Research. This growth equates to a compound annual growth rate of 15.9% over the five-year period.
The $6650 report Photonic Sensors and Detectors: Technologies and Global Markets also provides: analyses of market trends between 2013 and 2019, including applications, geographical splits, major manufacturers, and factors influencing projected demand. It gives details of different sensor types including: fiber optic, distributed, point, laser and biophotonic sensors.
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