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.
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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
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- Keyence Corporation
- OMRON Corporation
- Luna Innovations Inc.
- SICK AG
- Yokogawa Electric Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- Keyence Corporation
- OMRON Corporation
- Luna Innovations Inc.
- SICK AG
- Yokogawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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