Published Date: 28-Jul-22
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According to a new report, published by KBV research, The Global Optical Detector Market size is expected to reach $5.9 billion by 2028, rising at a market growth of 10.1% CAGR during the forecast period.
The Intrinsic segment is showcasing a CAGR of 11.9% during (2022 - 2028). The rising growth of the segment is attributed to the increased accuracy of these detectors. Intrinsic detectors work by detecting a change within the fiber itself. A pressure sensing element based on the micro-bending of the fiber is an example. Fiber is placed between the two rough-surfaced plates.
The Image sensor segment is leading the Global Optical Detector Market by Sensor Type in 2021, thereby, achieving a market value of $2.84 billion by 2028. As camera functions and picture quality grow more significant in smartphones, increased adoption of cameras within artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and autonomous vehicles are anticipated to offer up new revenue streams for image sensor manufacturers. This factor is propelling the growth of this segment of the optical detector market.
The Medical segment has shown growth rate of 10.5% during (2022 - 2028). The growing use of sensing devices in smart healthcare facilities, such as heart-rate monitoring, oxygen level tracking, and others, is expected to boost the segment over the forecast period.
The North America market dominated the Global Optical Detector Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.02 billion by 2028. The Europe market is estimated to witness a CAGR of 9.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 10.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/optical-detector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Analog Devices, Inc., STMicroelectronics N.V., ams-OSRAM AG, Rohm Semiconductors Co., Ltd., Hamamatsu Photonics K.K., Vishay Intertechnology, Inc., Excelitas Technologies Corp., Leuze electronic GmbH + Co. KG, and Fotech Group Limited.
By Sensor Type
By End Use
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