Europe 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.
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.
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Market Overview and Dynamics
The Europe fiber optic sensor market is projected to reach US$ 1,512.6 million by 2028 from US$ 757.9 million in 2021; it is anticipated to grow at a CAGR of 10.4% from 2021 to 2028. Luna Innovations unveiled a new measurement solution enabled with the improved fiber-optic sensing technology; the solution is optimized for greater precision and authentic high-definition distributed temperature measurements. The Optical Distributed Sensor Interrogator (ODiSI) platform of Luna is the industry’s one and only high-definition fiber optic temperature measurement system that is capable of eliminating the error-causing impacts of mechanical strain on fiber optic temperature sensors. Thus, with more such developments, the demand of fiber optic sensors would increase in the coming years.
Key Market Segments
In terms of vertical, the oil & gas segment accounted for the largest share of the Europe 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 Europe 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 Europe 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 Europe 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 Europe fiber optic sensor market based on various segments for the period 2021–2028
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
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
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