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Europe Fiber Optic Sensor Market

2021

Europe Fiber Optic Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Temperature Sensing, Pressure Sensing, Acoustic Sensing, Strain Sensing, and Others) and Vertical (Oil & Gas, Manufacturing, Infrastructure, Power and Utilities, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025827 | No. of Pages: 132 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Europe Fiber Optic Sensor Market to Grow at a CAGR of 10.4% to reach US$ 1,512.6 million Million from 2021 to 2028

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The Europe fiber optic sensor market is expected to reach US$ 1,512.6 million by 2028 from US$ 757.9 million in 2021. The market is estimated to grow at a CAGR of 10.4% from 2021–2028.


In the automotive sector, fiber optic sensors are used in lighting applications. The fiber transmits cold light, making it a safe alternative to traditional sealed beam or halogen lighting. Apart from the safety advantage, the light source is easily accessible and offers greater freedom of design. The deployment of fiber optics also allows for the separation of light source and output location, thus providing high-performance lighting options with reduced physical space requirements, making them suitable for difficult and restricted access locations. The sensors are also used in automobiles in onboard safety devices and systems, such as operating airbags, traction control devices, and safety systems. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), ~91.3 million vehicles were sold across the world in 2019. Further, rising disposable incomes, mainly in emerging countries in APAC, promotes the sales of passenger vehicles, which, in turn, would fuel the adoption fiber optic sensors. Thus, the rising annual automotive sales is a significant factor contributing to the growth of the fiber optic sensor market.

Russia, the UK, and France are the worst-hit countries in the region. The UK and France have numerous fiber optic sensors manufacturers, while the Russia has significantly large number of sensor manufacturers. The emergence of COVID-19 virus has negatively impacted the businesses of European fiber optic sensors manufacturers as well as sensors market players. Additionally, the UK, France, Germany, and Italy have been observing the second wave of COVID-19 over the past couple of weeks, which has again compelled the manufacturers to restrict their production unit workforce, resulting in deceleration in fiber optic sensors demand.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the fiber optic sensor market. The Europe fiber optic sensor market is expected to grow at a good CAGR during the forecast period.

Europe fiber optic sensor market

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Europe Fiber Optic Sensor Market Segmentation

By Vertical

  • Oil & Gas
  • Manufacturing
  • Infrastructure
  • Power and Utilities
  • Others

By Application

  • Temperature Sensing
  • Pressure Sensing
  • Acoustic Sensing
  • Strain Sensing
  • Others

By Country

  • Europe
        • Germany
        • UK
        • France
        • Italy
        • Russia
        • Rest of Europe

Companies Mentioned

  1. Omnisens SA
  2. Solifos AG
  3. Baumer Holding AG
  4. Keyence Corporation
  5. OMRON Corporation
  6. Luna Innovations Inc.
  7. SICK AG
  8. Yokogawa Electric Corporation

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Europe Fiber Optic Sensor Market – By Vertical

1.3.2 Europe Fiber Optic Sensor Market – By Application

1.3.3 Europe Fiber Optic Sensor market – By Country

2. Europe Fiber Optic Sensor Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Fiber Optic Sensor Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinions

4.4 Ecosystem Analysis

5. Europe Fiber Optic Sensor Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Applications in Oil & Gas Sector

5.1.2 Escalating Demand in Automotive Sector

5.2 Market Restraints

5.2.1 Difficulties in Installation of Fiber Optic Sensors

5.3 Market Opportunities

5.3.1 Development of Smart Cities

5.4 Future Trends

5.4.1 Ongoing Technological Developments in Fiber Optic Sensors

5.5 Impact Analysis

6. Europe Fiber Optic Sensor Market – Regional Analysis

6.1 Europe Fiber Optic Sensor Market Revenue Forecast And Analysis

7. Europe Fiber Optic Sensor Market Analysis – By Vertical

7.1 Overview

7.2 Fiber Optic Sensor Market Breakdown, By Vertical, 2020 and 2028

7.3 Oil & Gas

7.3.1 Overview

7.3.2 Oil & Gas: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.4 Manufacturing

7.4.1 Overview

7.4.2 Manufacturing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.5 Infrastructure

7.5.1 Overview

7.5.2 Infrastructure: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.6 Power and Utilities

7.6.1 Overview

7.6.2 Power and Utilities: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8. Europe Fiber Optic Sensor Market Analysis – By Application

8.1 Overview

8.2 Fiber Optic Sensor Market Breakdown, By Application, 2020 and 2028

8.3 Temperature Sensing

8.3.1 Overview

8.3.2 Temperature Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.4 Pressure Sensing

8.4.1 Overview

8.4.2 Pressure Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.5 Acoustic Sensing

8.5.1 Overview

8.5.2 Acoustic Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.6 Strain Sensing

8.6.1 Overview

8.6.2 Strain Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

9. Europe Fiber Optic Sensor Market – Geographic Analysis

9.1 Europe: Fiber optic sensor Market

9.1.1 Overview

9.1.2 Europe Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)

9.1.2.1 France: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1.1 France: Fiber Optic Sensor Market, by Application

9.1.2.1.2 France: Fiber Optic Sensor Market, by Vertical

9.1.2.2 Germany: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.2.1 Germany: Fiber Optic Sensor Market, by Application

9.1.2.2.2 Germany: Fiber Optic Sensor Market, by Vertical

9.1.2.3 Italy: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.3.1 Italy: Fiber Optic Sensor Market, by Application

9.1.2.3.2 Italy: Fiber Optic Sensor Market, by Vertical

9.1.2.4 UK: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.4.1 UK: Fiber Optic Sensor Market, by Application

9.1.2.4.2 UK: Fiber Optic Sensor Market, by Vertical

9.1.2.5 Russia: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.5.1 Russia: Fiber Optic Sensor Market, by Application

9.1.2.5.2 Russia: Fiber Optic Sensor Market, by Vertical

9.1.2.6 Rest of Europe: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.6.1 Rest of Europe: Fiber Optic Sensor Market, by Application

9.1.2.6.2 Rest of Europe: Fiber Optic Sensor Market, by Vertical

10. Impact of COVID-19 Pandemic on Europe Fiber optic sensor Market

10.1 Europe: Impact Assessment of COVID-19 Pandemic

11. Europe Fiber optic sensor Market – Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Merger and Acquisition

11.4 New Development

12. Company Profiles

12.1 Omnisens SA

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Solifos AG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Baumer Holding AG

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Keyence Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 OMRON Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Luna Innovations Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 SICK AG

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Yokogawa Electric Corporation

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

Table 1. France: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 2. France: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 3. Germany: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. Germany: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 5. Italy: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. Italy: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 7. UK: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. UK: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 9. Russia: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. Russia: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 11. Rest of Europe: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of Europe: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 13. Glossary of Terms, Europe Fiber optic sensor Market


LIST OF FIGURES

Figure 1. Europe Fiber Optic Sensor Market Segmentation

Figure 2. Europe Fiber Optic Sensor Market Overview

Figure 3. Oil & Gas Segment Held Largest Share of Vertical of Europe Fiber Optic Sensor Market

Figure 4. Europe Fiber optic sensor Market – Leading Country Markets (US$ Million)

Figure 5. Europe PEST Analysis

Figure 6. Fiber Optic Sensor Market- Ecosystem Analysis

Figure 7. Europe Fiber Optic Sensor Market Impact Analysis of Drivers and Restraints

Figure 8. Europe Fiber Optic Sensor Market – Revenue Forecast And Analysis – 2020- 2028

Figure 9. Fiber Optic Sensor Market Revenue Share, By Vertical (2020 and 2028)

Figure 10. Oil & Gas: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 11. Manufacturing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 12. Infrastructure: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 13. Power and Utilities: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 14. Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 15. Fiber Optic Sensor Market Revenue Share, By Application (2020 and 2028)

Figure 16. Temperature Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 17. Pressure Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 18. Acoustic Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 19. Strain Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 20. Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 21. Europe: Fiber optic sensor Market, by Key Country – Revenue (2021) (USD Million)

Figure 22. Europe Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)

Figure 23. France: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Germany: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. Italy: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. UK: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Russia: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Rest of Europe: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Impact of COVID-19 Pandemic on Europe Fiber optic sensor Market

  1. Omnisens SA
  2. Solifos AG
  3. Baumer Holding AG
  4. Keyence Corporation
  5. OMRON Corporation
  6. Luna Innovations Inc.
  7. SICK AG
  8. Yokogawa Electric Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe fiber optic sensor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe fiber optic sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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