Posted in | News | Light / Image Sensor

Photonic Sensor Consortium Releases 2015 Market Survey Report

Feb 16 2015

Research and Markets has announced the addition of the "2015 Photonic Sensor Consortium Market Survey Report" report to their offering.

The distributed fiber optic sensor market stood at $585 million in 2013 and is projected to approach $1.05 billion in 2019. The sudden and unexpected drop in oil prices will negatively impact the market. However, the military market segment is showing signs of growing more rapidly. According to the updated and revised market survey report conducted by the Photonic Sensor Consortium, the long term picture is still optimistic, but a short term contraction is likely.

The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 12 years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.

There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

Nonelectrical
Explosion-proof
Small size and weight
Allow access into normally inaccessible areas and harsh environments
Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)
Solid-state reliability
High accuracy
Can facilitate distributed sensing