2 July 2007 Photonic sensing technology: currents and trends
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Proceedings Volume 6619, Third European Workshop on Optical Fibre Sensors; 661904 (2007) https://doi.org/10.1117/12.738331
Event: Third European Workshop on Optical Fibre Sensors, 2007, Napoli, Italy
Photonic sensing technology and in particular the field of fiber optic sensing, has entered a period of dynamic market growth. Studies of anticipated world demographic shifts and climate change projections suggest areas in which significant opportunities for the use of the technology exist and will continue to grow. In this paper, the general currents and trends in photonic/fiber optic sensor technology will be discussed with a focus upon fiber optic biosensors. In 2004, the fiber optic biosensor market was estimated to be in the $6-8B range, while this year, its value is projected to be in the $7-11B range, an annual growth rate of between 6 and 10% during the period. The market is substantial with continued growth expected over the next 5 years at least. It is large enough and growing fast enough to offer a significant opportunity for penetration by appropriate fiber optic biosensor products.
© (2007) COPYRIGHT Society of Photo-Optical Instrumentation Engineers (SPIE). Downloading of the abstract is permitted for personal use only.
W. B. Spillman, W. B. Spillman, } "Photonic sensing technology: currents and trends", Proc. SPIE 6619, Third European Workshop on Optical Fibre Sensors, 661904 (2 July 2007); doi: 10.1117/12.738331; https://doi.org/10.1117/12.738331

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