Photonic sensors market 2014-2021
The photonic sensors market has undergone a drastic change based on the research undertaken in the domain of photonic technology in the past. The photonic technology has exhibited increasing application in varied fields. Incessant technological advancements and innovations in the field of fiber optics have driven the adoption of photonic sensors. The photonic industry is now focusing on the development of efficient products. It is now being estimated that over the next few years, eco-friendly and energy saving photonic sensors would be developed and launched into the market. Growing need for enhanced safety and security solutions, better alternatives for conventional technology and increasing adoption of wireless sensing technology, are some of the drivers of the photonic sensors market. Similarly, lack of industrial and technological standards, high initial investments and low awareness are acting as restraints for the market.
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