Fiber Optic Sensors Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 175 SKU: IRTNTR77355

Global Fiber Optic Sensors Market Forecast 2024-2028

The global Fiber Optic Sensors Market size is projected to increase by USD 1.32 billion, at a CAGR of 8.78% between 2023 and 2028. The growth rate of the market depends on several factors, including the high deployment of fiber optic sensors in applications involving high temperatures, surging demand for fiber optic sensors in the infrastructure sector, the need for enhanced safety, and the emergence of new refinery projects. Fiber optic sensors are a detecting element in fiber-based devices that are used to detect certain quantities such as mechanical strain or temperature, concentrations of chemical species, acceleration, rotations, pressure, vibrations, and displacements. These sensors are available in small sizes and work without the need for electrical power. These sensors are widely used in different end-user industries such as oil and gas, infrastructure, and utilities. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation By End-user

The market share growth by the oil and gas segment will be significant during the forecast period. The oil and gas segment includes the sales of these sensors to the owners of oil and gas firms to monitor and track their fields and pipelines. The use of effective monitoring applications, which are integrated with these sensors, can improve the efficiency of oil and gas production and transportation systems. Therefore, it is estimated that the adoption of these monitoring systems will grow during the forecast period, which will fuel the demand. 

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The oil and gas segment was the largest and was valued at USD 467.68 million in 2018. Moreover, various measures have been taken by governments of several countries across the world to increase their oil and gas production. For instance, in June 2020, the Russian government adopted The Energy Strategy of Russia up to 2035, which replaced the 2009 strategy for energy development up to 2030. Through this strategy, the government aims to maintain and strengthen Russia's role in the global energy sector and achieve growth in the use of liquified natural gas and gas engine fuel. In India, the Ministry of Petroleum and Natural Gas approved oil and gas projects worth approximately USD 13.51 billion for Northeast India in September 2021. These projects are expected to be completed by 2025. All such developments are expected to increase the deployment in the power and energy segment, which, in turn, is anticipated to drive the growth of the market in focus during the forecast period.

Market Segmentation By Type

Intrinsic sensors segment dominated the market in focus by type in 2023. It is expected to maintain its dominance during the forecast period. Under this type of fiber optic sensor, the sensing application mainly occurs within the optical fiber itself.  These sensors are used as sensors for proximity, damage detection by fiber break, and monitoring the curing of composite materials. Moreover, growing investment in the power and energy sector and the growing construction and infrastructure sector globally are expected to increase the adoption of intrinsic sensors for pressure and strain monitoring, which, in turn, is anticipated to drive the growth of intrinsic sensors or active sensors segment of the market during the forecast period.

Regional Overview

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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional market trends and analysis along with drivers influencing the market's trajectory throughout the forecast period. The North American market is expected to grow during the forecast period mainly because of the high adoption of these sensors by the end-user industries in this region. These sensors leverage optical fibers and remote sensing systems to allow real-time readings of temperatures and strain on fiber optic lines. The primary reason for the high market share of the region is the high adoption rate in manufacturing, oil and gas, and utility industries.

In addition, the availability of huge oil and gas reserves and the advances in technologies for offshore oil and gas extraction have increased exploration and drilling activities in North America. North America is the second-largest consumer of crude oil in the world. Hence, the demand in the region is constantly increasing. This is fueling the growth of the regional market during the forecast period. 

Market Dynamics and Customer Landscape

This market experiences rapid growth driven by advancements in technology and innovative applications across various industries such as healthcare, automotive, aerospace, oil, gas, power, infrastructure, manufacturing, and telecommunications. They provide precise monitoring of temperature, pressure, and vibration, enabling real-time data analysis and communication for enhanced safety and efficiency in critical operations

Key Market Driver

Market growth is driven significantly by the widespread adoption of fiber optic sensors in various industries such as healthcare, automotive, aerospace, oil, gas, power, infrastructure, manufacturing, and telecommunications. These sensors, known for their advanced optical technology, play a crucial role in real-time monitoring applications across diverse sectors.

From ensuring precision in medical diagnostics to enhancing safety in automotive and aerospace engineering, and optimizing operational efficiency in energy and telecommunications infrastructure, fiber optic sensors are at the forefront of innovation. Their versatility and reliability make them indispensable in modern industries where real-time data collection and analysis are paramount for success.

Major Market Trends

Increasing adoption of traditional strategies by market companies is an emerging trend shaping market growth. companies are engaged in new product launches and acquisitions with market players, including end-users. New product development and acquisitions help companies geographically expand and enable them to gain access to technological expertise. Also, acquisitions would allow companies to explore potential markets and generate revenue from a wider customer base. The acquisition further propels Lunas position in the market, adding capabilities in distributed acoustic sensing, distributed temperature sensing, and distributed strain sensing that offer enhanced performance for applications in energy, natural environments, mining, and defense.

Similarly, in June 2021, NEC Corp. announced the launch of an artificial intelligence-based intelligent optical fiber sensing solution for end-users to utilize optical fiber as a sensor. The increasing number of product launches, acquisitions, and collaborations between market participants is expected to have a positive impact on the growth of the market during the forecast period.

Significant Market Restrain

Technical issues in the installation of fiber optic sensors are a significant challenge hindering market growth.  When installing, the optical fibers must be handled cautiously to prevent breakage. Although the design of sensor cables has greatly improved, improper cable deployment can fail to obtain accurate data. Such failures may cause clients to disregard the technology in upcoming projects because of the installation and operational demand of expensive inputs.

However, since there is always a risk associated with the deployment of the cable, any negligence in the deployment or installation of the optical fibers could have an impact on the readings that the sensor records and cause it to work improperly. This, in turn, would restrain the growth rate of the market during the forecast period. 

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Who are the major players in the market?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Bandweaver - The company offers fiber optic sensors such as FireLaser DTS and T Laser DTS fiber optic temperature sensors.

Banner Engineering Corp. - The company offers fiber optic sensors such as DF G3 series long range fiber optic amplifiers, and DF G1 Series general purpose fiber optic amplifier for the detection of extraneous light sources available.

Baumer Holding AG - The company offers fiber optic sensors such as FVDK 10N5101, FVDK 10N5101 S35A, FVDK 10N66Y0, and FVDK 10N66YM plastic fiber optic sensors.

The  Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • AP Sensing GmbH
  • Aragon Photonics Labs. S.L.U.
  • Coherent Inc.
  • FBGS Technologies GmbH
  • Honeywell International Inc.
  • Hottinger Bruel and Kjaer GmbH
  • ifm electronic gmbh
  • Keyence Corp.
  • Luna Innovations Inc.
  • Northrop Grumman Corp.
  • OMRON Corp.
  • Prysmian Spa
  • Resonetics
  • Rockwell Automation Inc.
  • Sensuron LLC
  • SICK AG
  • Yokogawa Electric Corp.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Global Fiber Optic Sensors Market is witnessing exponential growth, driven by technological advancements in fiber optic pressure sensors, fiber-optic amplifiers, and digital LEDs. These sensors leverage micro-fabrication technologies to enhance sensor performance, functionality, and reliability, making them indispensable in various sectors like biomedical instrumentation, automobile power, and oil and gas exploration. With capabilities for measuring physical, chemical, and biochemical parameters, they offer easy deployment, high stability, and resistance to adverse conditions, including EMI and RFI. Moreover, their lightweight, low-profile design and multiplexing abilities make them ideal for applications in healthcare, telecommunications, and consumer electronics, contributing to the growth of the global distributed fiber and optical detector markets.

The market is propelled by technological advancements such as fiber-optic plasmonic sensors and plasmon-based sensing, enhancing sensor functionality and reliability. These sensors excel in acceleration measurement and pressure measurement, crucial in sectors like the oil and gas industry, including downhole conditions and oil and gas wells, where they withstand hostile environments due to their corrosion-resistant and low-profile design. Additionally, their immunity to EMI and RFI makes them suitable for security applications. Despite being cost-effective, they provide precise measuring tools for biomedical and biomechanical applications, contributing to the global optical detector market's growth while ensuring accurate data collection in various studies and research.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028

  • End-user Outlook
    • Oil and Gas
    • Building and Construction
    • Aerospace and defense
    • Power and Energy
    • Automotive and others
  • Type Outlook
    • Intrinsic sensors
    • Extrinsic sensors
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Fiber Optic Sensors Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.78%

Market Growth 2024-2028

USD 1,318.64 million

Market structure

Fragmented

YoY growth 2023-2024(%)

7.9

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AP Sensing GmbH, Aragon Photonics Labs. S.L.U., Bandweaver, Banner Engineering Corp., Baumer Holding AG, Coherent Inc., FBGS Technologies GmbH, Honeywell International Inc., Hottinger Bruel and Kjaer GmbH, ifm electronic gmbh, Keyence Corp., Luna Innovations Inc., Northrop Grumman Corp., OMRON Corp., Prysmian Spa, Resonetics, Rockwell Automation Inc., Sensuron LLC, SICK AG, and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of Industry companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

 

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global fiber optic sensors market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global fiber optic sensors market 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Oil and Gas - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Oil and Gas - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Oil and Gas - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Oil and Gas - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Oil and Gas - Year-over-year growth 2023-2028 (%)
    • 6.4 Building and Construction - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Building and Construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Building and Construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Building and Construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Building and Construction - Year-over-year growth 2023-2028 (%)
    • 6.5 Aerospace and defense - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
    • 6.6 Power and Energy - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Power and Energy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Power and Energy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Power and Energy - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Power and Energy - Year-over-year growth 2023-2028 (%)
    • 6.7 Automotive and others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Automotive and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Data Table on Automotive and others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Chart on Automotive and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Automotive and others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ million)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Intrinsic sensors - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Intrinsic sensors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Intrinsic sensors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Intrinsic sensors - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Intrinsic sensors - Year-over-year growth 2023-2028 (%)
    • 7.4 Extrinsic sensors - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Extrinsic sensors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Extrinsic sensors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Extrinsic sensors - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Extrinsic sensors - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Bandweaver
              • Exhibit 123: Bandweaver - Overview
              • Exhibit 124: Bandweaver - Product / Service
              • Exhibit 125: Bandweaver - Key offerings
            • 12.4 Banner Engineering Corp.
              • Exhibit 126: Banner Engineering Corp. - Overview
              • Exhibit 127: Banner Engineering Corp. - Product / Service
              • Exhibit 128: Banner Engineering Corp. - Key offerings
            • 12.5 Baumer Holding AG
              • Exhibit 129: Baumer Holding AG - Overview
              • Exhibit 130: Baumer Holding AG - Product / Service
              • Exhibit 131: Baumer Holding AG - Key offerings
            • 12.6 Coherent Inc.
              • Exhibit 132: Coherent Inc. - Overview
              • Exhibit 133: Coherent Inc. - Business segments
              • Exhibit 134: Coherent Inc. - Key offerings
              • Exhibit 135: Coherent Inc. - Segment focus
            • 12.7 FBGS Technologies GmbH
              • Exhibit 136: FBGS Technologies GmbH - Overview
              • Exhibit 137: FBGS Technologies GmbH - Product / Service
              • Exhibit 138: FBGS Technologies GmbH - Key offerings
            • 12.8 Honeywell International Inc.
              • Exhibit 139: Honeywell International Inc. - Overview
              • Exhibit 140: Honeywell International Inc. - Business segments
              • Exhibit 141: Honeywell International Inc. - Key news
              • Exhibit 142: Honeywell International Inc. - Key offerings
              • Exhibit 143: Honeywell International Inc. - Segment focus
            • 12.9 ifm electronic gmbh
              • Exhibit 144: ifm electronic gmbh - Overview
              • Exhibit 145: ifm electronic gmbh - Product / Service
              • Exhibit 146: ifm electronic gmbh - Key offerings
            • 12.10 Luna Innovations Inc.
              • Exhibit 147: Luna Innovations Inc. - Overview
              • Exhibit 148: Luna Innovations Inc. - Product / Service
              • Exhibit 149: Luna Innovations Inc. - Key offerings
            • 12.11 Northrop Grumman Corp.
              • Exhibit 150: Northrop Grumman Corp. - Overview
              • Exhibit 151: Northrop Grumman Corp. - Business segments
              • Exhibit 152: Northrop Grumman Corp. - Key news
              • Exhibit 153: Northrop Grumman Corp. - Key offerings
              • Exhibit 154: Northrop Grumman Corp. - Segment focus
            • 12.12 OMRON Corp.
              • Exhibit 155: OMRON Corp. - Overview
              • Exhibit 156: OMRON Corp. - Business segments
              • Exhibit 157: OMRON Corp. - Key news
              • Exhibit 158: OMRON Corp. - Key offerings
              • Exhibit 159: OMRON Corp. - Segment focus
            • 12.13 Prysmian Spa
              • Exhibit 160: Prysmian Spa - Overview
              • Exhibit 161: Prysmian Spa - Business segments
              • Exhibit 162: Prysmian Spa - Key offerings
              • Exhibit 163: Prysmian Spa - Segment focus
            • 12.14 Resonetics
              • Exhibit 164: Resonetics - Overview
              • Exhibit 165: Resonetics - Product / Service
              • Exhibit 166: Resonetics - Key offerings
            • 12.15 Rockwell Automation Inc.
              • Exhibit 167: Rockwell Automation Inc. - Overview
              • Exhibit 168: Rockwell Automation Inc. - Business segments
              • Exhibit 169: Rockwell Automation Inc. - Key news
              • Exhibit 170: Rockwell Automation Inc. - Key offerings
              • Exhibit 171: Rockwell Automation Inc. - Segment focus
            • 12.16 SICK AG
              • Exhibit 172: SICK AG - Overview
              • Exhibit 173: SICK AG - Product / Service
              • Exhibit 174: SICK AG - Key offerings
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 175: Yokogawa Electric Corp. - Overview
              • Exhibit 176: Yokogawa Electric Corp. - Business segments
              • Exhibit 177: Yokogawa Electric Corp. - Key offerings
              • Exhibit 178: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
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              • What are the factors influencing the growth of the parent market?

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