BIoT Canada

N.A. optical sensors market worth: $5.87 billion by 2018

August 24, 2016  

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Research and Markets has announced the addition of the “North America Optical Sensors Market – Growth, Trends and Forecasts (2015- 2020)” report to their offering.

The North America Optical Sensors market is estimated at $5.87 billion by 2018 at a CAGR of 6.68% over the period 2014-2020.

“With quick paced innovative progression in the optics sensors business, market players have presented exceedingly power efficient optic sensors,” authors of the report state. “The requirement for reliable sensors has obviously realized an adjustment in the materials and manufacturing procedures utilized. These patterns have achieved positive development in the business sector for optic sensors.

“The major drivers include the demand for power efficient smart phones and tablets, innovation in new generation LED lighting, demand for high end hospital imaging equipment, utilization of sensors in smart control system and factory automation, and an effort to ensure safety, performance in automotive sector.

Other than their utilization in LAN operations and the information transfers industry, the fiber optic sensors are additionally generally being used in the oil and gas industry, wind vitality era, country security operations, and brilliant structures.

Companies profiled include Mouser Electronics, SICK AG, Rockwell Automation, Honeywell, Eaton, Turck, Bosch, Atmel, ST Microelectronics, Hitachi and Omnvision.

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