South and Central America Fiber Optic Sensor Market Dynamics and Trends by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

South and Central 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)

Report Date : Nov 2021
Report Code : TIPRE00025829

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 114

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The South and Central America fiber optic sensor market is expected to reach US$ 181.7 million by 2028 from US$ 137.7 million in 2021. The market is estimated to grow at a CAGR of 4.0% from 2021–2028.

Various governments are taking initiatives to propel the development of smart cities in their respective economies. In March 2021, Optromix, Inc. announced fiber optic sensors that can be installed as a component of smart transport. The company is engaged in providing intelligent traffic analysis and route planning services in large cities. These services are based on fiber optic solutions for the collection and processing of vehicle movement data. Thus, the growth in such efforts to develop smart cities are providing significant opportunities for the growth of the fiber optic sensor market players.

South American countries have been witnessing growth in number of industries over the past few years. Industries such as oil & gas, infrastructural, and manufacturing industry equipment have been experiencing fair growth rate; however, the COVID-19 outbreak has created significant turmoil among the manufacturers across industries. Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. Brazil has the largest industrial sector and is also the worst-hit country. This has been highlighting limited resources and investments toward product developments, which has slow-downed the adoption of fiber optic sensors. This factor has negatively impacted the fiber optic sensors market.

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

South and Central America fiber optic sensor market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

South and Central 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

South and Central America

- - - Brazil
    - Argentina
    - Rest of South and Central America

Companies Mentioned

Omnisens SA
Solifos AG
Baumer Holding AG
Keyence Corporation
OMRON Corporation
Luna Innovations Inc.
SICK AG
Yokogawa Electric Corporation

South and Central America Fiber Optic Sensor Report Scope

Report Attribute	Details
Market size in 2021	US$ 137.7 Million
Market Size by 2028	US$ 181.7 Million
Global CAGR (2021 - 2028)	4.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Application Temperature Sensing Pressure Sensing Acoustic Sensing Strain Sensing By Vertical Oil & Gas Manufacturing Infrastructure Power and Utilities
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Omnisens SA Solifos AG Baumer Holding AG Keyence Corporation OMRON Corporation Luna Innovations Inc. SICK AG Yokogawa Electric Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the South and Central America Fiber Optic Sensor Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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