Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Photonic Sensors & Detectors Market size was valued at USD 43.96 billion in 2024 and is set to exceed USD 121 billion by 2037, expanding at over 8.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of photonic sensors & detectors is evaluated at USD 46.99 billion.
The growth of the photonic sensors & detectors market is primarily attributed to the rising innovation in fiber optics and growing use of sensors in various industries, backed by their high performance. Further, rising demand for fiber optics is also expected to drive the market growth. According to the statistics by the International Trade Center, the value of imports of optical fibers grew from USD 2027718 thousands in the year 2020 to USD 2348132 thousands in the year 2021.
Photonic sensors & detectors are the devices that captures light and converts it to an electric signal. It is frequently used to transmit and detect light simultaneously through fiber optics and certain other optical components. The development of illumination and image sensors, LED flashes, lasers, and other electro-optical equipment is significantly accelerating owing to the expansions in fiber optics technology, which is expected to spur photonic sensors & detectors market growth.
