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North America Fiber Optic Sensor Market

2021

North America 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: TIPRE00025828 | No. of Pages: 126 | Category: Electronics and Semiconductor | Status: Published

Market Insights

North America Fiber Optic Sensor Market to Grow at a CAGR of 7.8% to reach US$ 2,144.7 million Million from 2021 to 2028

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The North America fiber optic sensor market is expected to reach US$ 2,144.7 million by 2028 from US$ 1,267.0 million in 2021. The market is estimated to grow at a CAGR of 7.8% from 2021–2028.


The actual time monitoring of underground well conditions is becoming increasingly vital in the oil & gas vertical. To gain a comprehensive picture of underground conditions, operators are using downhole fiber-optic sensors to accurately measure parameters such as temperature and pressure along the length of the wellbore in real time. The useful information about well condition and operation obtained from the sensor data helps the well operators in fine tuning of conditions, thus achieving maximum production. The collection of fiber optic sensor data and analysis of the same reduce uncertainty, enabling better operational decisions that can significantly reduce environmental impact of operations, in addition to increasing well production. Moreover, these sensors are used to real-time leakage detection and predictive maintenance in the oil & gas plants. Such as, AFL provides optimized fiber optic cables for the oil & gas sector. Thus, with the increasing importance of fiber optic sensors in the oil & gas industry, the demand of these sensors is on rise, thus fuelling the market growth.

According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. The construction activity declined in 2020 and the trend is prevailing in the 2021. The construction activities are declined by approximately 20% which negatively impacted the fiber optic sensor market. The oil & gas industries that install higher volumes of sensors have been hit at various levels of degree by the COVID-19 pandemic. The Canadian and Mexican fiber optic sensor market also witnessed and are experiencing similar tremors owing the widespread of COVID-19 virus. The infrastructure and power & utilities sector in the two countries have been witnessing significant shocks. Apart from oil & gas and manufacturing sector in Canada and Mexico also observed decline in sales owing to the concerns over rapid spread of the virus under cooler environments.

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 North America fiber optic sensor market is expected to grow at a good CAGR during the forecast period.

North America fiber optic sensor market

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North America 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

  • North America

US

Canada

Mexico

Companies Mentioned

  1. AOMS Technologies
  2. Davidson Instruments
  3. Omnisens SA
  4. Solifos AG
  5. Baumer Holding AG
  6. Keyence Corporation
  7. OMRON Corporation
  8. Luna Innovations Inc.
  9. SICK AG
  10. 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 North America Fiber Optic Sensor Market – By Vertical

1.3.2 North America Fiber Optic Sensor Market – By Application

1.3.3 North America Fiber Optic Sensor market – By Country

2. North America Fiber Optic Sensor Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Fiber Optic Sensor Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinions

4.4 Ecosystem Analysis

5. North America 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. North America Fiber Optic Sensor Market – Regional Analysis

6.1 North America Fiber Optic Sensor Market Revenue Forecast And Analysis

7. North America 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. North America 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. North America Fiber Optic Sensor Market – Geographic Analysis

9.1 North America: Fiber optic sensor Market

9.1.1 Overview

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

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

9.1.2.1.1 US: Fiber Optic Sensor Market, by Application

9.1.2.1.2 US: Fiber Optic Sensor Market, by Vertical

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

9.1.2.2.1 Canada: Fiber Optic Sensor Market, by Application

9.1.2.2.2 Canada: Fiber Optic Sensor Market, by Vertical

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

9.1.2.3.1 Mexico: Fiber Optic Sensor Market, by Application

9.1.2.3.2 Mexico: Fiber Optic Sensor Market, by Vertical

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

10.1 North America: Impact Assessment of COVID-19 Pandemic

11. North America 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 AOMS Technologies

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 Davidson Instruments

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 Omnisens SA

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 Solifos AG

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 Baumer Holding AG

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 Keyence Corporation

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 OMRON Corporation

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 Luna Innovations Inc.

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

12.9 SICK AG

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Yokogawa Electric Corporation

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms


LIST OF TABLES

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

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

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

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

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

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

Table 7. Glossary of Terms, North America Fiber optic sensor Market


LIST OF FIGURES

Figure 1. North America Fiber Optic Sensor Market Segmentation

Figure 2. North America Fiber Optic Sensor Market Overview

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

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

Figure 5. North America PEST Analysis

Figure 6. Fiber Optic Sensor Market- Ecosystem Analysis

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

Figure 8. North America 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. North America: Fiber optic sensor Market, by Key Country – Revenue (2021) (USD Million)

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

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

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

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

Figure 26. Impact of COVID-19 Pandemic on North America Fiber optic sensor Market

  1. AOMS Technologies
  2. Davidson Instruments
  3. Omnisens SA
  4. Solifos AG
  5. Baumer Holding AG
  6. Keyence Corporation
  7. OMRON Corporation
  8. Luna Innovations Inc.
  9. SICK AG
  10. Yokogawa Electric Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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.
TIPRE00025828
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