Photonic Sensors Market Is Set to Boom by 2022
Photonics Sensor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $18 billion by 2021, registering a CAGR of 17.7% during the period 2016-2021.The need for enhanced safety and security solutions, better alternatives for conventional technology and increasing adoption of wireless sensing technology are factors that drive the photonic sensor market. Presently, North America dominates the global photonic sensors market owing to wide-ranging applications of photonic sensors in the region.
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