Global Fiber Optic Sensors Market

[dropcap style="e.g. default, circle, square" size="e.g. normal, small"]F[/dropcap]iber optic pressure sensors are sensors made of glass. They offer many benefits such as biocompatibility, miniature size, simple and cost efficient fabrication process, mechanically vigorous, resistant to electromagnet interference, do not conduct electricity, and are capable of operating in high temperature environments. The growth of the market is restricted by factors like maturity of important end-user segment and pricing.

End-users

Target audience of the inductive proximity sensor are as follows:

--> Raw material and manufacturing equipment suppliers

--> Electronic design automation (EDA) and design tool vendors

--> Component manufacturers

--> Original equipment manufacturers (OEMs)

--> Integrated device manufacturers (IDMs)

--> Original design manufacturers (ODMs)

--> Technology, service, and solution providers

--> Suppliers and distributors

--> System integrators

--> Governments and other regulatory bodies

--> Technology investors

--> Research institutes and organizations

--> Market research and consulting firms

Market Dynamics

The growth towards vehicle production, fast growing Asian economies, and government regulations are the key drivers which are making the Fiber Optic Sensors market to grow efficiently and successfully.

Fiber Optic Sensors are in a big demand in the automotive, medical and industrial sector. Developments in MEMS technology and its prompt adoption in connected devices have led to the increased adoption of pressure sensors in consumer goods and wearables.

The fiber optic sensor's strength of a higher tolerance for high temperatures is estimated to drive the demand for these sensors in uses that have risky environmental conditions and where electrical sensors fail to function appropriately, such as the oil and gas, and manufacturing industry.

Increased study of unconventional resources is another key factor expected to increase the growth of the market during the forecast period. The rise in consumption of oil and gas and the drop in the production of conventional oil reserves have pushed vendors and governments to indulge in exploration and drilling activities, therefore, leading to greater demand for fiber optic sensors in this industry.

Market Segmentation

Based on Product Type: Extrinsic Fiber Optic Sensors, Intrinsic Fiber Optic Sensors

Based on Technology: Intensity Based, Fiber Bragg Gratings, Fabry Perot

Based on Application: Automotive, Medical, Industrial, Utilities, Consumer Electronics, Oil & Gas, Aviation, Marine, Others

Regional/Geographic Analysis

The Americas accounts for a large market share and is further forecasted to grow at a good rate during the forecast period. The high acceptance rate of fiber optic sensors in the manufacturing sector and the accessibility of huge reserves leading to better exploration and drilling activities are the primary drivers for the market growth in this region.

Key Players

--> Banner Engineering

--> Ifm Efector

--> OMRON

--> Sick

Other leading players in the market include Honeywell Sensing and Control, Micron Optics, and Sensotec.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage