The global optical sensing market is expected to exhibit a robust 21.41% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global optical sensing market is mainly driven by the growing demand for optical sensing technology in diverse end-use sectors such as aerospace and defense, automotive, healthcare, and oil and gas.The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Competitive Analysis:
Leading players in the global optical sensing market include TE Connectivity Ltd., Infineon Technologies AG, Sony Corporation, Oxsensis Ltd., ROHM Company Ltd., ams AG, Texas Instrument Inc., Teledyne Technologies Inc., STMicroelectronics NV, ABB Ltd., Analog Devices Inc., and Hamamatsu Photonics K.K.
Segmentation:
[FURL=https://www.marketresearchfuture.com/reports/optical-sensing-market-3260]Covid 19 Optical Sensing Market[/FURL] is segmented on the basis of type, method, technology, application, end-use vertical, and region.
By type, the global optical sensing market is segmented into fiber optic sensors, ambient light sensors, image sensors, position sensors, and others. The fiber optic sensors segment is likely to dominate the global optical sensing market over the forecast period, exhibiting a growth rate of 19.17% over the forecast period.
By method, the global optical sensing market is segmented into extrinsic and intrinsic, with the extrinsic segment accounting for the larger market share in 2017 and likely to exhibit rapid growth at a CAGR of 21.91% over the forecast period.
By technology, the global optical sensing market is segmented into fiber Bragg grating, Fabry-Perot interferometers, spectroscopy, laser Doppler velocimetry, and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/