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Optical Sensing Market by Industry (Aerospace & Defense, Utilities, Oil & Gas, Medical, Construction, and Consumer Electronics), Application, Method, and Geography - Global Forecast to 2023

Optical Sensing Market by Industry (Aerospace & Defense, Utilities, Oil & Gas, Medical, Construction, and Consumer Electronics), Application, Method, and Geography - Global Forecast to 2023

“The aerospace & defense industry is the largest contributor towards the optical sensing market.”
The optical sensing market size, in terms of value, is projected to grow from USD 1.12 billion in 2016 to USD 3.46 billion by 2023, at a CAGR of 15.47% between 2017 and 2023. Optical sensing devices have good accuracy and can withstand harsh environments. These factors make them a suitable to be deployed in major industries such as aerospace & defense; utilities; and oil & gas. The rising investments to develop more reliable sensing devices would significantly impact the growth of the market. On the other hand, the availability of cheaper non-optical sensors with lesser sensing capabilities would be a major restraint for the market growth. Rising applications in the medical industry are expected to boost the market growth.

Biochemical sensing application is being adopted across different industries at a fast rate.
The reducing prices and form factor of optical biochemical sensing devices are expected to boost the growth of the market. The increasing performance due to increased R&D spending in biochemical sensing applications is also expected to drive the growth of this subsegment. These devices have applications across different industries in varying capacities.

“Asia-Pacific market for optical sensing devices to grow at the highest rate during the forecast period.”
The Asia-Pacific region is expected to grow at the highest CAGR in the optical sensing market. Growing urbanization and fast-growing economies in the region is expected to boost the market growth. Increasing investments to upgrade the infrastructure in key industries such as utilities and oil & gas would drive the market growth in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key people. The break-up of the profiles of primary participants is given below:
• By Company Type: Tier 1 – 30 %, Tier 2 –45%, and Tier 3 – 25%
• By Designation: C-Level Executives – 45%, Directors – 35%, and Others – 20%
• By Region: North America – 45%, Europe – 30%, APAC – 20%, and RoW – 5%
Most companies have adopted the strategy of innovating new products to increase their market share. The companies have sought to improve the features of their products through extensive research. Some major players have also tried to strengthen their market position through mergers & acquisitions. Apart from these dominant strategies, some players focus on forging alliances in the value chain to expand their business in the optical sensing market.

The key players in the optical sensing market profiled in the report are as follows:
1. ROHM Semiconductor (Japan)
2. ABB (Switzerland)
3. Hamamatsu Photonics K.K. (Japan)
4. ams AG (Austria)
5. Fairchild Semiconductor (U.S.)
6. Analog Devices Inc. (U.S.)
7. Texas Instruments Inc. (U.S.)
8. STMicroelectronics N.V. (Switzerland)
9. Vishay Intertechnology, Inc. (U.S.)
10. Alphasense (U.K.)
11. Teledyne DALSA, Inc. (Canada)
12. Oxsensis, Ltd. (U.K.)
13. RJC Enterprises, LLC. (U.S.)

Research Coverage

The geographic segmentation in the report covers the four major regions of the world, namely, North America, Europe, Asia-Pacific, and RoW. The industry segment covers the market for aerospace & defense; utilities; oil & gas; medical; construction; consumer electronics; and others. The application segment covers pressure and strain sensing; temperature sensing; geological survey; biochemical sensing; biometric and ambience sensing; and others. The optical sensing market by methods is segmented into extrinsic and intrinsic.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the optical sensing market comprehensively and provides the closest approximations of the overall market size and that of the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business. The competitive landscape section includes DIVE analysis of 25 industry players which are also benchmarked for their respective business strategy and product portfolio.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN OPTICAL SENSING MARKET
    • OPTICAL SENSING MARKET IN APAC
    • OPTICAL SENSING MARKET, BY APPLICATION
    • OPTICAL SENSING MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET EVOLUTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • RESEARCH AND PRODUCT DEVELOPMENT
      • MANUFACTURING AND ASSEMBLY
      • DISTRIBUTION/MARKETING
      • POST-SALES SERVICES
    • KEY INDUSTRY TRENDS
  • OPTICAL SENSING MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table OPTICAL SENSING MARKET, BY INDUSTRY, 2014-2023 (USD MILLION)
    • AEROSPACE AND DEFENSE
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • UTILITIES
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • OIL AND GAS
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • MEDICAL
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • CONSTRUCTION
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY APPLICATION, 2014-2023 (USD MILLION)
    • OTHERS
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY APPLICATION, 2014-2023 (USD MILLION)
  • OPTICAL SENSING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table OPTICAL SENSING MARKET, BY APPLICATION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
    • PRESSURE AND STRAIN SENSING
      • Table OPTICAL SENSING MARKET FOR PRESSURE AND STRAIN APPLICATION, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • TEMPERATURE SENSING
      • Table OPTICAL SENSING MARKET FOR TEMPERATURE APPLICATION, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • GEOLOGICAL SURVEY
      • Table OPTICAL SENSING MARKET FOR GEOLOGICAL SURVEY APPLICATION, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • BIOCHEMICAL
      • Table OPTICAL SENSING MARKET FOR BIOCHEMICAL APPLICATION, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • BIOMETRIC AND AMBIENCE
      • Table OPTICAL SENSING MARKET FOR BIOMETRIC AND AMBIENCE APPLICATION, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR MEDICAL INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
    • OTHERS
      • Table OPTICAL SENSING MARKET FOR OTHER APPLICATIONS, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR AEROSPACE AND DEFENSE INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR UTILITIES INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OIL AND GAS INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET FOR OTHER INDUSTRIES, BY REGION, 2014-2023 (USD MILLION)
  • METHODS USED IN OPTICAL SENSING
    • INTRODUCTION
    • EXTRINSIC
      • OPTICAL COHERENCE TOMOGRAPHY
      • ENCODERS
      • LASER DOPPLER VELOCIMETRY
      • PYROMETERS
      • FABRY-PEROT INTERFEROMETERS
      • SPECTROSCOPY
    • INTRINSIC
      • SCATTERING BASED
      • FIBER BRAGG GRATING BASED
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table OPTICAL SENSING MARKET, BY REGION, 2014-2023 (USD MILLION)
      • Table OPTICAL SENSING MARKET, BY REGION, 2014-2023 (THOUSAND UNITS)
    • NORTH AMERICA
      • US
      • CANADA
      • MEXICO
        • Table OPTICAL SENSING MARKET IN NORTH AMERICA, BY APPLICATION, 2014-2023 (USD MILLION)
        • Table OPTICAL SENSING MARKET IN NORTH AMERICA, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
        • Table OPTICAL SENSING MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
    • EUROPE
      • GERMANY
      • FRANCE
      • UK
      • ITALY
      • RUSSIA
      • SPAIN
      • REST OF EUROPE
        • Table OPTICAL SENSING MARKET IN EUROPE, BY APPLICATION, 2014-2023 (USD MILLION)
        • Table OPTICAL SENSING MARKET IN EUROPE, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
        • Table OPTICAL SENSING MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
    • APAC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF APAC
        • Table OPTICAL SENSING MARKET IN APAC, BY APPLICATION, 2014-2023 (USD MILLION)
        • Table OPTICAL SENSING MARKET IN APAC, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
        • Table OPTICAL SENSING MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
    • ROW
      • MIDDLE EAST AND AFRICA
      • LATIN AMERICA
        • Table OPTICAL SENSING MARKET IN ROW, BY APPLICATION, 2014-2023 (USD MILLION)
        • Table OPTICAL SENSING MARKET IN ROW, BY APPLICATION, 2014-2023 (THOUSAND UNITS)
        • Table OPTICAL SENSING MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING OF PLAYERS IN OPTICAL SENSING MARKET, 2016
      • Table MARKET RANKING OF TOP 5 PLAYERS IN OPTICAL SENSING MARKET (2016)
    • VENDOR DIVE OVERVIEW
      • VANGUARDS
      • DYNAMIC
      • INNOVATORS
      • EMERGING
    • COMPETITIVE BENCHMARKING
      • OPTICAL SENSING MARKET BUSINESS STRATEGY ANALYSIS (25 COMPANIES)
      • OPTICAL SENSING MARKET PRODUCT OFFERING ANALYSIS (25 COMPANIES)
  • COMPANY PROFILES
    • INTRODUCTION
    • ROHM SEMICONDUCTOR
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • HAMAMATSU PHOTONICS K.K.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • AMS AG
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • FAIRCHILD SEMICONDUCTOR
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ANALOG DEVICES, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • TEXAS INSTRUMENTS INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • STMICROELECTRONICS N.V.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • VISHAY INTERTECHNOLOGY, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ALPHASENSE
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • TELEDYNE DALSA INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • OXSENSIS LTD.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • RJC ENTERPRISES, LLC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • KEY INNOVATORS
      • SILIXA LTD.
      • OPTASENSE LTD.
      • OPSENS INC.
      • INTELLIGENT FIBER OPTIC SYSTEMS CORPORATION
      • FOTECH SOLUTIONS LTD.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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