According to a new report published by Allied Market Research, titled, "World High Purity Alumina (HPA) Market - Opportunities and Forecasts, 2015-2022", the high purity alumina (HPA) market is expected to reach US $4,498 million by 2022, registering a CAGR of 16.7% from 2016 to 2022. 4N high purity alumina segment occupied more than half of the total HPA market in 2015 and is expected to continue this trend throughout the analysis period.

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.