How big is the Photonic Sensors Market?

The Photonic Sensors Market size is expected to reach USD 29.66 billion in 2024 and grow at a CAGR of 11.30% to reach USD 50.72 billion by 2029. Read More

What is the current Photonic Sensors Market size?

In 2024, the Photonic Sensors Market size is expected to reach USD 29.66 billion. Read More

Who are the key players in Photonic Sensors Market?

Banner Engineering Corp, Baumer Holding AG, STMicroelectronics NV, Hamamatsu Photonics KK and Omron Corporation are the major companies operating in the Photonic Sensors Market. Read More

Which is the fastest growing region in Photonic Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Photonic Sensors Market?

In 2024, the Asia Pacific accounts for the largest market share in Photonic Sensors Market. Read More

What years does this Photonic Sensors Market cover, and what was the market size in 2023?

In 2023, the Photonic Sensors Market size was estimated at USD 26.31 billion. The report covers the Photonic Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Photonic Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Photonic Sensors Market - Size, Forecast, Industry Report & Share

Photonic Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Photonic Sensors Market Report is Segmented by Product Type (Fiber Optic Sensors, Biophotonic Sensors, Image Sensors, and Other Product Types), End-User Industry (Aerospace and Defense, Automotive, Industrial, Healthcare, Energy and Power, Consumer Electronics, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Photonic Sensor Industry Overview

The photonic sensors market is semi-consolidated, and the major players have used various strategies, such as joint ventures, new product launches, partnerships, and others, to increase their footprints in this market to sustain in the long run. Some of the key market players are Banner Engineering Corp., Baumer Holding AG, STMicroelectronics NV, Hamamatsu Photonics KK, and Omron Corporation.

February 2024 - Sick announced the "world's first" photoelectric sensor equipped with a touchscreen. The Sick W10 is a "world-first" photoelectronically powered sensor with an integrated touchscreen display. Designed for "universal use and ease of deployment," the W10 offers "unrivaled precision detection technology" and "unmatched versatility" for hundreds of food and beverage (F&B) applications. The photoelectronically-powered W10 uses smart onboard algorithms built on the knowledge gained from the industry's most common applications to deliver "high reproducibility across the board."
January 2024 - STMicroelectronics (ST) collaborated with Sphere Entertainment Co. to develop the world's largest image sensor, the 316-megapixel Big Sky camera sensor for Sphere's Big Sky system. ST collaborated with Sphere Studios to develop an 18K sensor, the first of its kind, capable of producing images at the resolution and fidelity needed for Sphere's display. The 316-megapixel resolution of the Big Sky is nearly 7x larger than a full-frame sensor and 40x more resolution than full-frame commercial cameras. The die is 9.92 cm x.8.31 cm 2, which is twice the size of a wallet-size photograph. Only four full die fits on a 300 mm wafer.