9th May 2019 – Global luminescence sensor market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Luminescence sensor uses UV light that is invisible to human eye to cause the target material to glow in the visible spectrum. These are more sensitive than regular photoelectric sensors. These are exclusively used to detect clear materials or differentiate between similar color background and color marks. It helps to detect materials like most hydrocarbon-based, glue, UV pigments or brighteners, detergent, grease and oils, adhesives, and others.
The factors that are playing a major role in the growth of luminescence sensors market are the rising use of luminescence sensor to detect objects with the invisible mark, the high demand from end-users, and the rising use of enhanced technology. However, the presence of alternatives and the high cost may restrain the overall market growth in the years to come. Luminescence sensor industry is segmented based on product type, sensing distance, application, and region.
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LUTM, LUT9, LUT8, LUT1, LUT3, and other product types could be explored in a luminescence sensor market in the forecast period. Based on the sensing distance, 40mm, 10mm, 20mm, 12.5mm, 150mm, 90mm, and others could classify a luminescence sensor in the forecast period. The market could be categorized based on applications like commercial, packaging, textile, wood processing, automotive assembly and medical equipment, paper/films, and others that could be explored in luminescence sensor in the forecast period.
Globally, North America accounted for the significant share of the luminescence sensors market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the rising demand from consumers, and the rising use of enhanced and latest technology. The United States is a major consumer of luminescence sensor in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of the luminescence sensor in this region.
The key players of the luminescence sensors industry are AtriCure, C.R. Bard, BioVentrix, Abbott Vascular, Abiomed, Biotronik, SensoPart, SICK, Biosensors International, and Rockwell Automation. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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