Optical Sensing Market – Forecast (2021 - 2026)
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• The Optical Sensing market forecast to reach $4.2 billion by 2026, growing at a CAGR of 9.4% from 2021 to 2026. • The Optical Sensing Market is estimated to witness a sustainable growth over the forecast period majorly because of the increasing priorities on building automation. • Along with this rising demand from the automotive, industrial, consumer electronics and defense sector, the government regulations on safety measures have also been increasing in recent years. • These factors are expected to enhance the market growth of Optical Sensing in forecast period. An optical sensor converts light rays into an electronic signal. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways The Optical Sensing Market is estimated to witness sustainable growth over the forecast period because these sensors offer several features such as high accuracy, compact size, electromagnetic radiation free and offer operation at difficult sites which are not accessible to humans. These features at various industries uplifts its market growth. With the growing demand of safety and adoption of high-grade wearable devices for the operators at majority of industrial sites has enhanced the Optical Sensing Market growth. Optical Sensors are resistant to electromagnetic interference due to which they are suitable to implement in high frequency microwave applications.
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By Distribution Channel- Segment Analysis Extrinsic Sensors have dominated the Optical Sensing Market as compared to the Intrinsic sensors with a share of 69.0% in 2020. When light beam leaves the fibre cable and the path gets changed due to object before it reaches to the optical detector end then it is known as extrinsic optical sensor. Extrinsic sensors are adopted widely in various end-use industries as compared to Intrinsic sensors because they are easy to multiplex, less expensive and are easier to use in various applications such as temperature, pressure, liquid level, flow and other measurements. The implementation of new technologies such as fiber braggs grating, fabry perot interferometers will also drive the market growth. These advantages uplift the market growth of Extrinsic Optical Sensors globally. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Optical Sensing Market Industry Outlook • • • • • • • • • •
Hamamatsu Photonics K.K Baumer Electric Ag Sofradir Ec Inc. Vigo System S.A. Carlo Gavazzi Automation Spa Teledyne Dalsa Aptina Imaging ROHM Company Ltd Oxsensis Ltd Sony Corporation
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Optical Sensing Market – Forecast (2021 - 2026) Learn More About the Report
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