1. Market Research
  2. > Manufacturing
  3. > Electronics Manufacturing Market Trends

Optical Sensing Market by Industry, Application, Method, and Geography - Global Forecast to 2023

  • June 2017
  • 160 pages
  • MarketsandMarkets
Report ID: 4944758


Table of Contents

Search Inside

“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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Nano Positioning Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • $ 5795
  • Industry report
  • June 2017
  • by Transparency Market Research

Global Nano Positioning Systems Market: Overview Nanopositioning and the nano measuring machines are being used for the purpose of three-dimensional coordination measurement in a range of (25 mm x 25 mm ...

Body Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

  • $ 5795
  • Industry report
  • September 2017
  • by Transparency Market Research

Global Body Sensor Market: Overview This report on the global body sensor market studies the current as well as future prospects of this developing market. The stakeholders of this report include companies ...

Sensor Patch Market by Product, Application, End-User Industry And Geography - Global Forecast to 2023

  • $ 5650
  • Industry report
  • August 2017
  • by MarketsandMarkets

“Sensor patch market is projected to grow at a CAGR of 47.03% between 2017 and 2023” The sensor patch market has entered the growth phase and is expected to grow further in the coming years. The market ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.