Asia Pacific 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)
Market Introduction
This research report on the “Fiber optic sensor Market” provides a holistic view of the market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends pertaining to the market growth.
Moreover, the surging applications in oil & gas sector is expected to bolster the market growth during the forecast period.
Japan and India are the other two countries that have large number of electronics and semiconductor manufacturers as well as end users. These two countries have also registered higher number of COVID-19 infected cases and are still continuing the battle against the spread. Though the countries have eased the lockdown norms and have allowed the manufacturing plants to operate, the decrease in demand and supply has been severely affecting the fiber optic sensors market player in both the countries. The recovery period is expected to be by late 2021 as the entire electronics and semiconductor manufacturing sector has been rigorously affected.
Get more information on this report :
Market Overview and Dynamics
The Asia Pacific fiber optic sensor market is projected to reach US$ 1376.0 million by 2028 from US$ 619.5 million in 2021; it is anticipated to grow at a CAGR of 12.1% from 2021 to 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.
Key Market Segments
In terms of vertical, the oil & gas segment accounted for the largest share of the Asia Pacific fiber optic sensor market in 2020. Further, based on application, the temperature sensing segment held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the fiber optic sensor market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Omnisens SA, Solifos AG, Baumer Holding AG, Keyence Corporation, OMRON Corporation, Luna Innovations Inc., SICK AG, and Yokogawa Electric Corporation.
Reasons to Buy Report
- To understand the Asia Pacific fiber optic sensor market landscape and identify market segments that are likely to guarantee a strong return
- To comprehend the ever-changing market landscape and stay ahead in competition
- To efficiently plan merger and acquisition, and partnership deals in the Asia Pacific fiber optic sensor market by identifying segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
- To obtain market revenue forecast of the Asia Pacific fiber optic sensor market based on various segments for the period 2021–2028
ASIA PACIFIC 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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
Companies Mentioned
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- Keyence Corporation
- OMRON Corporation
- Luna Innovations Inc.
- SICK AG
- 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 Asia Pacific Fiber Optic Sensor Market – By Vertical
1.3.2 Asia Pacific Fiber Optic Sensor Market – By Application
1.3.3 Asia Pacific Fiber Optic Sensor market – By Country
2. Asia Pacific Fiber Optic Sensor Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Fiber Optic Sensor Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
4.4 Ecosystem Analysis
5. Asia Pacific 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. Asia Pacific Fiber Optic Sensor Market – Regional Analysis
6.1 Asia Pacific Fiber Optic Sensor Market Revenue Forecast And Analysis
7. Asia Pacific 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. Asia Pacific 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. Asia Pacific Fiber Optic Sensor Market – Geographic Analysis
9.1 Asia Pacific: Fiber optic sensor Market
9.1.1 Overview
9.1.2 Asia Pacific Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)
9.1.2.1 China: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 China: Fiber Optic Sensor Market, by Application
9.1.2.1.2 China: Fiber Optic Sensor Market, by Vertical
9.1.2.2 Japan: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Japan: Fiber Optic Sensor Market, by Application
9.1.2.2.2 Japan: Fiber Optic Sensor Market, by Vertical
9.1.2.3 India: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India: Fiber Optic Sensor Market, by Application
9.1.2.3.2 India: Fiber Optic Sensor Market, by Vertical
9.1.2.4 South Korea: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 South Korea: Fiber Optic Sensor Market, by Application
9.1.2.4.2 South Korea: Fiber Optic Sensor Market, by Vertical
9.1.2.5 Australia: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Australia: Fiber Optic Sensor Market, by Application
9.1.2.5.2 Australia: Fiber Optic Sensor Market, by Vertical
9.1.2.6 Rest of APAC: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of APAC: Fiber Optic Sensor Market, by Application
9.1.2.6.2 Rest of APAC: Fiber Optic Sensor Market, by Vertical
10. Impact of COVID-19 Pandemic on Asia Pacific Fiber optic sensor Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Asia Pacific 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. China: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 2. China: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 3. Japan: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Japan: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 5. India: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 7. South Korea: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. South Korea: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 9. Australia: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Australia: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of APAC: Fiber Optic Sensor Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Fiber Optic Sensor Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)
Table 13. Glossary of Terms, Asia Pacific Fiber optic sensor Market
LIST OF FIGURES
Figure 1. Asia Pacific Fiber Optic Sensor Market Segmentation
Figure 2. Asia Pacific Fiber Optic Sensor Market Overview
Figure 3. Oil & Gas Segment Held Largest Share of Vertical of Asia Pacific Fiber Optic Sensor Market
Figure 4. Asia Pacific Fiber optic sensor Market – Leading Country Markets (US$ Million)
Figure 5. Asia Pacific PEST Analysis
Figure 6. Fiber Optic Sensor Market- Ecosystem Analysis
Figure 7. Asia Pacific Fiber Optic Sensor Market Impact Analysis of Drivers and Restraints
Figure 8. Asia Pacific 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. Asia Pacific: Fiber optic sensor Market, by Key Country – Revenue (2021) (USD Million)
Figure 22. Asia Pacific Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)
Figure 23. China: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. India: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Australia: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of APAC: Fiber Optic Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Asia Pacific Fiber optic sensor Market
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- Keyence Corporation
- OMRON Corporation
- Luna Innovations Inc.
- SICK AG
- Yokogawa Electric Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific 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 Asia Pacific 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.