Photonic sensing technology: currents and trends

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 current, 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 S7-11B 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.