Middle East and Africa 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.
The demand for fiber optic sensors has weakened since the eruption of COVID-19 in MEA countries. This has resulted in a loss of business among the fiber optic sensors manufacturers offering their products to various industries in the region. Countries with higher manufacturing units such as Turkey, Israel, and South Africa, among others have witnessed critical scenarios in procuring various electronics and semiconductor products including sensors which showcased fall in MEA fiber optic sensors market in the region. The oil & gas activity in the region is among the rapidly growing industry. The UAE, Saudi Arabia, and Qatar represent the forerunners in the oil & gas industry globally. The outbreak of COVID-19 virus had paused several oil & gas and construction activities in the countries mentioned above, and some of the projects are still likely to remain halted. This parameter is among the key factors that have negatively impacted the above mentioned industry and subsequently impaired the fiber optic sensors market.
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Market Overview and Dynamics
The Middle East and Africa fiber optic sensor market is projected to reach US$ 291.3 million by 2028 from US$ 198.3 million in 2021; it is anticipated to grow at a CAGR of 5.6% from 2021 to 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.
Key Market Segments
In terms of vertical, the oil & gas segment accounted for the largest share of the Middle East and Africa fiber optic sensor market in 2020. Further, based on application, the temperature sensing segment held the largest market share in 2020. The actual time monitoring of underground well conditions is becoming increasingly vital in the oil & gas vertical. To gain a comprehensive picture of underground conditions, operators are using downhole fiber-optic sensors to accurately measure parameters such as temperature and pressure along the length of the wellbore in real time. The useful information about well condition and operation obtained from the sensor data helps the well operators in fine tuning of conditions, thus achieving maximum production. The collection of fiber optic sensor data and analysis of the same reduce uncertainty, enabling better operational decisions that can significantly reduce environmental impact of operations, in addition to increasing well production. Moreover, these sensors are used to real-time leakage detection and predictive maintenance in the oil & gas plants. Such as, AFL provides optimized fiber optic cables for the oil & gas sector. Thus, with the increasing importance of fiber optic sensors in the oil & gas industry, the demand of these sensors is on rise, thus fuelling the market growth.
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 Middle East and Africa 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, OMRON Corporation, SICK AG, and Yokogawa Electric Corporation.
Reasons to Buy Report
- To understand the Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa fiber optic sensor market based on various segments for the period 2021–2028
MIDDLE EAST AND AFRICA 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
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Companies Mentioned
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- OMRON Corporation
- 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 Middle East and Africa Fiber Optic Sensor Market – By Vertical
1.3.2 Middle East and Africa Fiber Optic Sensor Market – By Application
1.3.3 Middle East and Africa Fiber Optic Sensor market – By Country
2. Middle East and Africa Fiber Optic Sensor Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East and Africa Fiber Optic Sensor Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Expert Opinions
4.4 Ecosystem Analysis
5. Middle East and Africa 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. Middle East and Africa Fiber Optic Sensor Market – Regional Analysis
6.1 Middle East and Africa Fiber Optic Sensor Market Revenue Forecast And Analysis
7. Middle East and Africa 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. Middle East and Africa 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. Middle East and Africa Fiber Optic Sensor Market – Geographic Analysis
9.1 Middle East and Africa: Fiber optic sensor Market
9.1.1 Overview
9.1.2 Middle East and Africa Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)
9.1.2.1 Saudi Arabia Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)
9.1.2.1.1 Saudi Arabia Fiber Optic Sensor Market Breakdown, By Application
9.1.2.1.2 Saudi Arabia Fiber Optic Sensor Market Breakdown, By Vertical
9.1.2.2 UAE Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)
9.1.2.2.1 UAE Fiber Optic Sensor Market Breakdown, By Application
9.1.2.2.2 UAE Fiber Optic Sensor Market Breakdown, By Vertical
9.1.2.3 South Africa Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)
9.1.2.3.1 South Africa Fiber Optic Sensor Market Breakdown, By Application
9.1.2.3.2 South Africa Fiber Optic Sensor Market Breakdown, By Vertical
9.1.2.4 Rest of MEA Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)
9.1.2.4.1 Rest of MEA Fiber Optic Sensor Market Breakdown, By Application
9.1.2.4.2 Rest of MEA Fiber Optic Sensor Market Breakdown, By Vertical
10. Impact of COVID-19 Pandemic on Middle East and Africa Fiber optic sensor Market
10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11. Middle East and Africa 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 OMRON 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 SICK AG
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 Yokogawa Electric Corporation
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Saudi Arabia Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 2. Saudi Arabia Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)
Table 3. UAE Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 4. UAE Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)
Table 5. South Africa Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 6. South Africa Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)
Table 7. Rest of MEA Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 8. Rest of MEA Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)
Table 9. Glossary of Terms, Middle East and Africa Fiber optic sensor Market
LIST OF FIGURES
Figure 1. Middle East and Africa Fiber Optic Sensor Market Segmentation
Figure 2. Middle East and Africa Fiber Optic Sensor Market Overview
Figure 3. Oil & Gas Segment Held Largest Share of Vertical of Middle East and Africa Fiber Optic Sensor Market
Figure 4. Middle East and Africa Fiber optic sensor Market – Leading Country Markets (US$ Million)
Figure 5. Middle East and Africa PEST Analysis
Figure 6. Fiber Optic Sensor Market- Ecosystem Analysis
Figure 7. Middle East and Africa Fiber Optic Sensor Market Impact Analysis of Drivers and Restraints
Figure 8. Middle East and Africa 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. Middle East and Africa: Fiber optic sensor Market, by Key Country – Revenue (2021) (USD Million)
Figure 22. Middle East and Africa Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)
Figure 23. Saudi Arabia Fiber Optic Sensor Market, Revenue and Forecast To 2028 (US$ million)
Figure 24. UAE Fiber Optic Sensor Market, Revenue and Forecast To 2028 (US$ million)
Figure 25. South Africa Fiber Optic Sensor Market, Revenue and Forecast To 2028 (US$ million)
Figure 26. Rest of MEA Fiber Optic Sensor Market, Revenue and Forecast To 2028 (US$ million)
Figure 27. Impact of COVID-19 Pandemic on Middle East and Africa Fiber optic sensor Market
- Omnisens SA
- Solifos AG
- Baumer Holding AG
- OMRON Corporation
- SICK AG
- Yokogawa Electric Corporation
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