Global Photon Counter Market 2017-2021
About Photon Counter
Photon counting is essentially used in measuring light particles or photons by using the particle properties of light. The use of light as an instrument of precision creates numerous opportunities for technology and analytics. Photon counters are devices that have the capability to sense light and count the number of photons. Since their introduction, these devices have evolved and are being used in different industries.
Technavio’s analysts forecast the global photon counter market to grow at a CAGR of 10.05% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global photon counter market for 2017-2021. To calculate the market size, the report considers the sales and volume and exclude replacement, spares, aftermarket, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Photon Counter Market 2017-2021
Technavio recognizes the following companies as the key players in the global photon counter market: LASER COMPONENTS, Micro Photon Devices, PerkinElmer, and PicoQuant.
Other Prominent Vendors in the market are: Becker & Hickl, Hidex Oy, ID Quantique, Photek, and Thorlabs.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is internet of things advantage: sensors and photonics. The Internet of Things essentially involves connecting electronic devices to the Internet and thereby facilitating data transfer over a wireless (or wired) network. The essence of this technology is that it needs minimum human intervention. The devices needed for this technology should have sensors and actuators that play a key role in mobile sensing, ensuring that the technology delivers efficient performance. IoT integrates technologies such as data communication, hardware design, data storage, and mining. The IoT-based applications can also be used for home surveillance.”
According to the report, one of the major drivers for this market is growing application of structural health monitoring (SHM) systems. The increase in urbanization, especially in developing countries, has led to an increase in the number of infrastructure projects such as the construction of dams, bridges, offshore petroleum installations, buildings and towers, nuclear installations, and tunnels. SHM systems are used to monitor the health of these structures, to collect data, and to make informed decisions.
Further, the report states that one of the major factors hindering the growth of this market is capital-intensive nature and economic conditions. As the photon counter market is highly capital intensive, it is sensitive to the price fluctuations and the global economic conditions. To meet the growing demands, photon counter manufacturers have to adopt sophisticated components such as dielectric materials. The cost of such components is very high, and it requires technical expertise to set up or commission new photon counters. In addition, the process of manufacturing different types of photon counters involves the use of distinct components that are unique to that type of photon counter.
LASER COMPONENTS, Micro Photon Devices, PerkinElmer, PicoQuant, Becker & Hickl, Hidex Oy, ID Quantique, Photek, and Thorlabs.
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