#Fiber Optic Pressure Sensors Market Outlook
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Europe Fiber Optic Sensor Market Competitive Analysis, Developments, and Growth Outlook 2021-2028
“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.”
The Europe Fiber Optic Sensor Market forecast 2028 report analyses the present and future competitive scenario of the analytics industry. Europe Fiber Optic Sensor Market report offers an in-depth analysis of segments including top companies, products, applications, revenue, and regions. A number of topics including likewise market share, drivers, trends, and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, a with focus on leading key players’ areas that have witnessed the highest demand, leading regions, and applications.
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The report covers an in-depth analysis of the key market players within the market
• Omnisens SA
• Solifos AG
• Baumer Holding AG
• Keyence Corporation
• OMRON Corporation
• Luna Innovations Inc.
• SICK AG
• Yokogawa Electric Corporation
In this report, the market has been segmented on the basis of:
Europe Fiber Optic Sensor Market by Types:
• Oil & Gas
• Manufacturing
• Infrastructure
• Power and Utilities
• Others
Europe Fiber Optic Sensor Market by Applications:
• Temperature Sensing
• Pressure Sensing
• Acoustic Sensing
• Strain Sensing
• Others
Market Analysis and Insights: Europe Fiber Optic Sensor Market
Europe Fiber Optic Sensor Market report elaborates on the market size, market characteristics, and market growth of the Europe Fiber Optic Sensor industry, and breaks it down according to the type, application, and consumption space of Europe Fiber Optic Sensors. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers in the industry.
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To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
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Global Fiber Optic Pressure Sensors Market 2019-2024 | Top key players are FISO Technologies,Honeywell,Infineon Technologies,NXP Semiconductors,Omron,Opsens,Panasonic,Bosch,STMicroelectronics
Global Fiber Optic Pressure Sensors Market Professional Survey Report 2019
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Fiber Optic Pressure Sensors market analysis is provided for the international market including development history, competitive landscape analysis, and major regions.
The Global Fiber…
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Aerospace Fiber Optic Sensors Market Growth factor, Market size, Market Trends Industry Forecast to 2021-2027
A significant Aerospace Fiber Optic Sensors market research study helps in planning by providing accurate and state-of-the-art information about the consumer’s demands, preferences, attitudes and their changing tastes about the specific product. It estimates the market share and possible sales volume of a client company. The industry report makes familiar with the types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. Moreover, Aerospace Fiber Optic Sensors market analysis report discovers the better and new methods to distribute the products to consumers and also recognizes the extent of the marketing problems.
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Key Players-
* Micron
* Opsens Industrial
* Honeywell
* Omron
* FISO Technologies Inc.
* Proximion AB
A trustworthy Global Aerospace Fiber Optic Sensors market research report guides the manufacturer about planning of advertising and sales promotion efforts thereby making it more effective. It not only restrains the risks of ambiguity but also assists in taking sound decisions. Furthermore, the market report helps keep hold of reputation of the firm and its products. Whether it is about the product, customer, competitor or marketing strategy, market research analysis report helps drive the business in a right direction. To gain competitive advantage and to thrive in the market, go for Aerospace Fiber Optic Sensors market report.
For product type segment, this report listed main product type of Aerospace Fiber Optic Sensors market in global and china.
* Temperature Sensor
* Pressure sensors
* Strain Sensor
* Others
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Health monitoring for airframes
* Health monitoring engines
* Health monitoring external environment
Globalization makes it clear that market research report hold an immense importance for the growth of many businesses. The wide ranging Aerospace Fiber Optic Sensors market document proves to be true in this regard and is designed in a way that is anticipated. It’s the demand or necessity of today’s business to do market research analysis before taking any verdict about the products. This is the transparent market report which has been structured with authentic tools and techniques. The market research analysis conducted in the winning Aerospace Fiber Optic Sensors market report helps improve product and also decide about the necessary changes to the future products.
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Distributed Fiber Optic Sensor Market Is Expected To Grow Swiftly By 2028
The global distributed fiber optic sensor market size is expected to reach USD 2.27 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 8.4% from 2021 to 2028. Factors, such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector, boost product adoption. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its high durability and ability to withstand a challenging environment are also projected to propel market growth.
Increasing demand for sophisticated infrastructure and rising per capita income is predicted to lead to industrial automation, urban mobility, and growth in high-end residential projects. Various governments are focusing on conserving their prevailing infrastructure and developing new ones. They are under constant pressure to provide the necessary infrastructure, amenities, and connectivity to people. This has enabled increased spending on projects, such as roads, railways, and dams. This rapid growth in the advanced civil engineering vertical is expected to boost market development.
The wide usage of DFOS has promoted manufacturers and suppliers to increase R&D expenditure to offer better products to their customers. Service providers are trying to regulate efficiencies and optimize their production process to capture maximum market share and eliminate all other substitutes of the fiber optics technology. The high production & installation price of DFOS products is forcing manufacturers to develop cheaper and reliable optic inspection products. Technological complexities, along with other challenges raise the price of fiber optics deployment, which further hampers the market growth.
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Distributed Fiber Optic Sensor Market Report Highlights
The market is estimated to grow at a significant CAGR from 2021 to 2028 due to the high product demand as a result of the rising need for efficient and optimized processes, across enterprises and manufacturing sectors
The temperature sensing application segment dominated the market in 2020. Temperature sensors find solicitations in the oil & gas and civil engineering segments
Suppliers and manufacturers of fiber optic equipment are looking forward to achieving higher bandwidth, 100 GBPS, by undertaking intense research activities
North America dominated the global market and accounted for the largest revenue share in 2020
However, Asia Pacific is estimated to be the fastest-growing regional market during the forecast period
Distributed Fiber Optic Sensor Market Segmentation
Grand View Research has segmented the global distributed fiber optic sensor market on the basis of application, technology, vertical, and region:
DFOS Application Outlook (Revenue, USD Million, 2017 - 2028)
Temperature Sensing
Acoustic/Vibration Sensing
Other
DFOS Technology Outlook (Revenue, USD Million, 2017 - 2028)
Rayleigh Effect
Brillouin Scattering
Raman Effect
Interferometric
Bragg Grating
DFOS Vertical Outlook (Revenue, USD Million, 2017 - 2028)
Oil & Gas
Power & Utility
Safety & Security
Industrial
Civil Engineering
DFOS Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
Europe
Asia Pacific
South America
Middle East & Africa
U.S.
Canada
Mexico
U.K.
Germany
China
Japan
India
Brazil
List of Key Players of Distributed Fiber Optic Sensor Market
Halliburton
Schlumberger Ltd.
Yokogawa Electric Corp.
OFS Fitel, LLC
Qinetiq Group PLC
Omnisens SA
Brugg Kable AG
Luna Innovations, Inc.
AP Sensing GmbH
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Comprehensive Report on Aerospace Fiber Optic Sensors Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2027
The recently Published Report titled Comprehensive Report on Aerospace Fiber Optic Sensors Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2027 by Axel Reports offers a comprehensive picture of the market from the global view point as well as a descriptive analysis with detailed segmentation, complete research and development history, latest news, offering a forecast and statistic in terms of revenue during the forecast period from 2021-2027. The report covers a comprehensive analysis of key segments, recent trends, competitive landscape, and key factors playing a substantial role in the market are detailed in the report. The report helps vendors and manufacturers to understand the change in the market dynamics over the years.
Get Sample Copy of this Report with the Latest Market Trend and COVID-19 Impact: https://axelreports.com/request-sample/190736
By Market Players:
Micron
Technobis
Omron
Opsens Industrial
Technica Optical Components
Honeywell
IFOS
Proximion AB
FISO Technologies Inc.
Smart Fibres
By Type:
Temperature Sensor
Pressure sensors
Strain Sensor
Others
By Application:
Health monitoring for airframes
Health monitoring engines
Health monitoring external environment
NOTE: Consumer behaviour has changed within all sectors of the society amid the COVID-19 pandemic. Industries on the other hand will have to restructure their strategies in order to adjust with the changing market requirements. This report offers you an analysis of the COVID-19 impact on the Aerospace Fiber Optic Sensors market and will help you in strategising your business as per the new industry norms.
Report offers:
1. Insights into the intact market structure, scope, profitability, and potential.
2. Precise assessment of market size, share, demand, and sales volume.
3. Authentic estimations for revenue generation and Aerospace Fiber Optic Sensors Market development.
4. Thorough study of Aerospace Fiber Optic Sensors Market companies including organizational and financial status.
5. Perception of crucial market segments including, forecast study.
6. Acumen of upcoming opportunities and potential threats and risks in the market.
The report diversifies the global geographical expanse of the market into five prominent regions as:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key Elements Discussed In The Report:
The report then discusses important dynamics on the business drivers that have a major impact on the performance are given in the report. The business drivers are important to the business operations and financial results of the industry. All the drivers are determined in the research study using market analysis. The report is comprehensive coverage of the existing and potential markets along with their assessment of their competitive position in the changing market scenario. It scrutinizes in-depth global market trends and outlook coupled with the factors driving the global Aerospace Fiber Optic Sensors market, as well as those hindering it.
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Moreover, the report throws light on the pinpoint analysis of global Aerospace Fiber Optic Sensors market dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. Consumer behavior is assessed with respect to current and upcoming trends. The report takes a detailed note of the major industrial events in past years. These events include several operational business decisions, innovations, mergers, collaborations, major investments, etc.
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team ( [email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +18488639402 to share your research requirements.
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Embedded Temperature Sensor Market - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
The temperature sensor is an electronic device that measures the temperature of person, environment or an object. The temperature sensor is used to state the degree or intensity of heat present in a substance. These sensors will convert input data to electronic data to record, monitor, and then display in a human readable format. There are mainly two types of sensors i.e. contact and non-contact temperature sensors. Non-contact temperature sensors are basically infrared (IR) sensors. Temperature sensor provides benefits such as durability, accuracy, and low power consumption. These sensors are used in various industries to detect overheating and give alert to end users. The temperature sensor finds its application in various sectors such as consumer electronics, semiconductor, chemical, manufacturing, and others.
Browse complete Report @ https://www.coherentmarketinsights.com/market-insight/embedded-temperature-sensor-market-4015
The global embedded temperature sensor market is expected to witness significant growth during the forecast period (2020–2027). The growth of the embedded temperature sensor market is majorly attributed to the increasing demand for temperature sensors in consumer electronics such as laptops, tablets, smart wearables, and others. The demand for smartwatches has increased from health conscious people. Smartwatches provide important information related to pulse or heart rate and give suggestions to remain healthy. Moreover, smart shirts are also used by players to monitor the movement of the body. Smart shirts are helpful for sportsperson to keep the record of their daily goal and to track heart rate, pulse rate, and heat level. For instance, according to Coherent Market Insights’ analysis, the number of people using smart wearables across the globe increased from 523.3 million in 2017 to 832.3 million in 2020.
Moreover, research and wearable manufacturing companies are manufacturing advanced sensors that can be packed into wearables to measure temperature. Due to advancements in technology, more innovative products are being introduced in the market such as smartwatches, armbands, and smart T-shirts. Armbands are designed to track the human body movement, detect accurate health, and pulse rate. Furthermore, embedded temperature sensors are used in smartphones to monitor the fertility status of women. The status of fertility is displayed on the smartphone screen. For instance, women in the U.S. are using such devices to main a healthy lifestyle.
Increasing health awareness is one of the major factors driving the demand for temperature sensors among consumers to keep a track of their health. People who are conscious about their health spend a lot on monitoring devices such as smartwatches and smartphones. By using smartwatches, people can consult a doctor and take precautions in advance. For instance, in October 2019, SAMSUNG launched SAMSUNG GALAXY WATCH ACTIVE 2 that is used to monitor blood pressure and track health-related problems. This smartwatch is helpful in measuring a person’s blood pressure and making them aware about their health issues. Hence, these factors are expected to drive the market growth during the forecast period.
Embedded Temperature Sensor Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic is expected to drive growth of the embedded temperature sensor market during the forecast period. All Chinese manufacturers have shut down their operations to hold the spread of coronavirus pandemic. Countries such as India find it difficult to source important raw materials and electronic components from Chinese factories. Demand for temperature sensors is expected to increase till the pandemic is under control. Temperature sensors are used at airports, land borders, and popular public spaces to check the temperature of people.
North America held a dominant position in the global embedded temperature sensor market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing demand for temperature sensors from oil & gas, automotive, and consumer electronics sectors. For instance, in 2017, FOSA (Fiber-Optic Sensing Association), the U.S first trade association, launched optical fiber sensing. Fiber-optic sensing is an advanced technology that uses light in fiber-optic cables to measure acoustics, temperature, and strain. Through this technology, individuals can detect pipeline leakage, seismic activity, and unsafe temperature in the oil and gas industry. Additionally, increased demand for smart wearables in the U.S has increased the demand for temperature sensors. This is due to urbanization and the penetration of smart technologies in the market. Moreover, according to the U.S. Bureau of Economic Analysis (BEA), disposable personal income in the U.S. increased to US$ 16,706.40 billion in December 2019 from US$ 16,675.80 billion in November of 2019.
Asia Pacific region is expected to exhibit the highest growth during the forecast period. This owing to the rising adoption of temperature sensors in industries such as oil and gas, and chemicals for the prevention of moisture, overheating, and corrosion. Moreover, rising investment in the oil and gas industry will provide lucrative opportunities for the embedded temperature sensor market in the coming years. For instance, according to India Brand Equity Foundation (IBEF), the investment in oil and gas exploration and production activities in India is expected to reach US$ 25 million by 2022. In addition, the growing government policies and initiatives towards the fulfillment of energy demands and initiation of new projects will contribute positively to the embedded temperature sensor market revenue during the forecast period. Due to the above-mentioned factors, the embedded temperature sensor market is expected to witness significant growth during the forecast period.
Major players operating in the global embedded temperature sensor market include Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Delphi Technologies, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Fluke Process Instruments, Mouser Electronics, Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, FLIR Systems, Inc., Amphenol Advanced Sensors, Maxim Integrated, KONGSBERG, Yokogawa India Ltd., Infineon Technologies AG, TDK-Micronas GmbH, Amphenol Corporation, OMEGA Engineering inc., ON Semiconductor, CODICO GmbH, Sensata Technologies, Inc., VINCI, and Digi-Key Electronics.
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Increasing demand for embedded temperature sensor in food & beverages industry is expected to drive the market growth during the forecast period
Among end-use industry, the food & beverage segment is expected to hold a dominant position in the global embedded temperature sensor market during the forecast period. This is owing to the increasing demand for embedded temperature sensors for quality assurance during production, storage, and transit. For instance, due to stringent government regulations for Food and Drug Administration (FDA), it is mandated to use temperature sensors to monitor the temperature in complicated processes such as bottling, emulsification, piping, pasteurization, and others.
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Medical Fiber Optics Market - Global Industry Size, Share, Outlook, and Analysis, 2018-2026
Medical endoscopic applications are served by employing optical fibers in the endoscopy systems. Optical fiber technology is being widely used in imaging, illumination, laser delivery systems, and biosensors. In case of observation and illumination of organs and cells, the advantages offered by optical biomedical sensors such as small size, low weight, and biocompatibility with MRI and CT are helpful. Optical fiber sensors consists of a light source, photo detector, optical fiber, and external transducer. Moreover, lasers, surgical lights, and dental lights have specialized applications, as it helps physicians in various respective areas.
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Minimally invasive surgeries offer significant reduction in postoperative pain, decreased recovery time, and reduced hospital stays. Applications such as minimally invasive robotic surgery, optical fiber lasers, and detection of diseases through sensors could be potential sources of revenue stream in medical fiber optics market. More importantly, minimally invasive robotic surgeries is a growing trend in the medical field and as these systems utilize advanced endoscopes, laser guiding systems, and optical visualization systems, the need for optical fiber based products is expected to increase over the forecast period. This, in turn will boost growth of the global medical fiber optics market. Furthermore, rising prevalence of diseases such as cancer and cardiovascular disease is expected to boost growth of the market over the forecast period.
According to the American Cancer Society, in 2017, cancer was the second most common cause of death in the U.S., which accounts for nearly 1 out of every 4 deaths. Biomedical sensors is another such area, which has high applications in drug discovery, disease diagnosis, and pathology. Glucometers is a prime example of biosensor technology, which is utilized for the management of glucose content in the blood. Wearable technology is a booming field in biosensors, which is further expected to foster the growth of medical fiber optics market. Medical imaging has become a primary diagnostic tool in many medical emergencies, which utilize optical fiber technologies and continuous demand for these products is expected to support growth of the medical fiber optics market.
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However, most of the medical devices utilizing fiber optic technology are installed once and used repetitively. Moreover, the cost of installation of these devices is high, which is expected to restrain growth of the global medical fiber optics market over the forecast period.
Manufacturers such as Schott AG (Europe) and Corning, Inc. (U.S.) offer products in these regions. Leoni AG launched an optical fiber in 2017 that is capable of indicating changes in temperature, pressure, and other parameters and could be applied in medical applications. Moreover, the Fiber Optic Sensing Association (FOSA), the first trade association dedicated to fiber-optic sensing is also present in the U.S. since April 2017. Asia Pacific region is expected to show significant growth, owing to high patient base requiring medical imaging procedures for various conditions such as cancer.
Key players operating in the medical fiber optics market include Corning, Inc., Optical Cable Corporation, AFL, Coherent, Inc., Sterlite Technologies Limited, Schott AG, Leoni AG, Rofin, IPG Photonics, Timbercon Inc., and OFS Fitel, LLC.
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Optical Sensing -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024
Optical Sensing Industry
Description
Wiseguyreports.Com Adds “Optical Sensing -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2024” To Its Research Database
Global Optical Sensing Market is accounted for $1.20 billion in 2016 and is expected to reach $3.46 billion by 2023 growing at a CAGR of 16.3% during the forecast period. Expanding interest in R&D activities is the key factor fueling the market growth. However, increasing ventures to grow more reliable sensing devices and accessibility of less expensive non-optical sensors with lesser detecting capacities are hampering the market.
By industry, aerospace and defense segment is commanded the largest market share. This is because industry promptly embraces better sensors in its operations and is likewise helped by the expanded speculations through government budgetary assignments and different financial specialists. By geography, Asia-Pacific is estimated to grow at the maximum rate owing to the developing urbanization in the region and expanded spending to deploy enhanced sensing technologies to monitor the infrastructure in sectors such as utilities and oil & gas.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Optical Sensing market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
Some of the key players in Optical Sensing market include Stmicroelectronics N.V., AMS Ag, Rohm Semiconductor, Texas Instruments Inc., Alphasense, Oxsensis Ltd., Fairchild Semiconductor, Teledyne Dalsa Inc., Hamamatsu Photonics K.K., Vishay Intertechnology, Inc., RJC Enterprises, LLC, ABB and Analog Devices, Inc.
Applications Covered:
• Biochemical
• Temperature Sensing
• Biometric and Ambience
• Pressure and Strain Sensing
• Geological Survey
• Other Applications
o Flow sensing
o Partial discharge detection
o Radiation sensing
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Methods Covered:
• Intrinsic
o Fiber Braggs Grating (FBG) Based
• Scattering Based
o Rayleigh Scattering
o Brillouin Scattering
o Raman Scattering
• Extrinsic
o Pyrometers
o Encoders
o Spectroscopy
o Laser Doppler Velocimetry
o Fabry–Perot Interferometers
o Optical Coherence Tomography
Industries Covered:
• Construction
• Utilities
• Medical
• Aerospace and Defense
• Consumer Electronics
• Oil and Gas
• Others Industries
o Transportation
o Marine
o Chemicals
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Table of Content
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Optical Sensing Market, By Application
6 Global Optical Sensing Market, By Method
7 Global Optical Sensing Market, By Industry
8 Global Optical Sensing Market, By Geography
9 Key Developments
10 Company Profiling
List of Tables
Table 1 Global Optical Sensing Market Outlook, By Region (2014-2023) ($MN)
Table 2 Global Optical Sensing Market Outlook, By Application (2014-2023) ($MN)
Table 3 Global Optical Sensing Market Outlook, By Biochemical (2014-2023) ($MN)
Table 4 Global Optical Sensing Market Outlook, By Temperature Sensing (2014-2023) ($MN)
Table 5 Global Optical Sensing Market Outlook, By Biometric and Ambience (2014-2023) ($MN)
Table 6 Global Optical Sensing Market Outlook, By Pressure and Strain Sensing (2014-2023) ($MN)
Table 7 Global Optical Sensing Market Outlook, By Geological Survey (2014-2023) ($MN)
Table 8 Global Optical Sensing Market Outlook, By Other Applications (2014-2023) ($MN)
Table 9 Global Optical Sensing Market Outlook, By Flow sensing (2014-2023) ($MN)
Table 10 Global Optical Sensing Market Outlook, By Partial discharge detection (2014-2023) ($MN)
Table 11 Global Optical Sensing Market Outlook, By Radiation sensing (2014-2023) ($MN)
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Continued…
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Pressure Sensor Market Worth $21,547.3 Million By 2025 | CAGR: 5.0%
The global pressure sensor market is anticipated to reach USD 21,547.3 million by 2025, according to a new report by Grand View Research, Inc. Factors such as the increased demand for smart and wireless pressure sensors and regulatory initiatives in the developed markets of North America and Europe have propelled the adoption of pressure sensors. Pressure sensors are widely used for control and monitoring applications. The demand for high-performance, cost-efficient, and reliable sensors has increased, leading to a higher spending in R&D activities by market vendors. Technological proliferation and advancements in nanotechnology and micro-technology are expected to propel the market growth over the forecast period.
Numerous sensors are used to monitor pressure levels of liquids and gases in the automotive industry. Moreover, the accelerated use of wireless technologies and semiconductor-based sensors in consumer products, industrial automation, and air compressor monitoring is expected to drive the market growth over the forecast period. The optical technology segment is predicted to gain traction owing to several advantages such as high resistance to chemical corrosion and high sensitivity. Moreover, the proliferation and increased adoption of optical fiber technology are also major market growth drivers.
The increasing adoption of pressure sensors in consumer goods and wearable devices, such as watches, tablets, and smartphones, is substantially contributing to the market expansion. The use of MEMS pressure sensors in industrial control applications and processes, HVAC applications, and level measurement is instrumental in driving market growth. Government regulations or laws to ensure passenger safety in automobiles are also expected to be a major growth driver. For instance, the U.S. government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all types of automobiles so as to alert the driver about the under-inflation of automobiles within 20 minutes of its detection.
For More Details Please Visit @:
https://www.grandviewresearch.com/industry-analysis/pressure-sensors-industry
Further key findings from the report suggest:
· The demand for pressure sensors has increased over the years since they offer reliability in performance, real-time monitoring, and cost-effectiveness.
· The U.S. government is investing a considerable amount of monetary and non-monetary resources to encourage the adoption of sensors across various sectors. Pressure sensors are also an important component of smart city projects.
· The growing need for more tightly controlled processes with their associated quality control requirements is anticipated to drive the demand for MEMS devices in the manufacturing segment.
· Government regulations mandating the installation of pressure sensors in several applications, including automotive and industrial sectors, are also driving the demand worldwide.
· Key players in the market include ABB Ltd., Emerson Electric Co., and Omron Corporation, among others.
Grand View Research has segmented the market on the basis of product, type, technology, application, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
· Absolute Pressure Sensors
· Differential Pressure Sensors
· Gauge Pressure Sensors
Type Outlook (Revenue, USD Million; 2014 - 2025)
· Wired
· Wireless
Technology Outlook (Revenue, USD Million; 2014 - 2025)
· Piezoresistive
· Electromagnetic
· Capacitive
· Resonant solid-state
· Optical
· Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
· Automotive
· Oil & gas
· Consumer electronics
· Medical
· Industrial
· Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
· North America
o U.S.
o Canada
o Mexico
· Europe
o UK
o Germany
o France
o Russia
o Nordic Region
· Asia Pacific
o India
o Australia
o China
o Japan
· Latin America
o Brazil
o Argentina
· MEA
o Saudi Arabia
o UAE
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Pressure Sensor Market Total Value Would Go Above Of $11.91 Billion By 2025
San Francisco, 10 July 2019 - The global pressure sensor market is anticipated to reach USD 11,911.2 million by 2025, according to a new report by Grand View Research, Inc. Factors such as the increased demand for smart and wireless pressure sensors and regulatory initiatives in the developed markets of North America and Europe have propelled the adoption of pressure sensors. Pressure sensors are widely used for control and monitoring applications. The demand for high-performance, cost-efficient, and reliable sensors has increased, leading to a higher spending in R&D activities by market vendors. Technological proliferation and advancements in nanotechnology and micro-technology are expected to propel the market growth over the forecast period.
Numerous sensors are used to monitor pressure levels of liquids and gases in the automotive industry. Moreover, the accelerated use of wireless technologies and semiconductor-based sensors in consumer products, industrial automation, and air compressor monitoring is expected to drive the market growth over the forecast period. The optical technology segment is predicted to gain traction owing to several advantages such as high resistance to chemical corrosion and high sensitivity. Moreover, the proliferation and increased adoption of optical fiber technology are also major market growth drivers.
The increasing adoption of pressure sensors in consumer goods and wearable devices, such as watches, tablets, and smartphones, is substantially contributing to the market expansion. The use of MEMS pressure sensors in industrial control applications and processes, HVAC applications, and level measurement is instrumental in driving market growth. Government regulations or laws to ensure passenger safety in automobiles are also expected to be a major growth driver. For instance, the U.S. government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all types of automobiles so as to alert the driver about the under-inflation of automobiles within 20 minutes of its detection.
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Further key findings from the report suggest:
The demand for pressure sensors has increased over the years since they offer reliability in performance, real-time monitoring, and cost-effectiveness.
The U.S. government is investing a considerable amount of monetary and non-monetary resources to encourage the adoption of sensors across various sectors. Pressure sensors are also an important component of smart city projects.
The growing need for more tightly controlled processes with their associated quality control requirements is anticipated to drive the demand for MEMS devices in the manufacturing segment.
Government regulations mandating the installation of pressure sensors in several applications, including automotive and industrial sectors, are also driving the demand worldwide.
Key players in the market include ABB Ltd., Emerson Electric Co., and Omron Corporation, among others.
Grand View Research has segmented the market on the basis of product, type, technology, application, and region:
Product Outlook (Revenue, USD Million; 2014 - 2025)
Absolute Pressure Sensors
Differential Pressure Sensors
Gauge Pressure Sensors
Type Outlook (Revenue, USD Million; 2014 - 2025)
Wired
Wireless
Technology Outlook (Revenue, USD Million; 2014 - 2025)
Piezoresistive
Electromagnetic
Capacitive
Resonant solid-state
Optical
Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
Automotive
Oil & gas
Consumer electronics
Medical
Industrial
Others
Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-pressure-sensors-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Fiber Bragg Grating Sensor Market: Size, Application Analysis, Regional Outlook, 2018 - 2026
A fiber Bragg grating is a small structure that measures few millimeters in length and can be photo etched in the single mode fiber core. Fiber Bragg Grating sensors have been in used for many years in various demanding harsh environmental applications. Fiber Bragg Grating sensors are used as an alternative to traditional mechanical and electrical sensors. FBG sensors are widely used and deployed optical sensors. FBG sensors reflects the wavelength of light that shifts with response to the change or variation in the temperature. FBG sensors are constructed with the use of holographic interference exposing a short length of photosensitive fiber to a regular distribution of light intensity. This periodic pattern generates a Bragg grating acting as a filter due to an interference reflection of some of the incident optical field.
The reflecting wavelength of the FBG relies on the grating characteristics such as modulation and the period and is impacted by the parameters such as temperature and strain. Fiber bragg grating technology has been the premium choice for the for optical fiber sensors, specifically in the measurement of the temperature and strain, due to the ease of simple manufacturing and strong reflecting signal.
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The major driver that supports the global fiber bragg grating sensor market is the built in calibration artifacts and long lifetime. The other features that contributes to the growth of the fiber bragg grating sensor market is its higher accuracy, compact size, longer stability, protection towards electromagnetic interference (EMI) and its capability to measure ultra-high speed events. One of the restraining factors that restricts the growth of the fiber bragg grating sensors is its thermal and transverse strain sensitivity. However, FBG sensors overcomes various challenges that are associated with the electrical and mechanical sensors by using light and optical fiber instead of using electricity and copper wire. These sensors are electrically passive and non-conductive in nature.
The global fiber bragg grating sensor market is segmented into sensor type, axis, technology, end use industry, and geography. On the basis of type, the global fiber bragg grating sensor market is segmented into pressure sensor, temperature sensor, strain sensor, and others. Based on axis, the global fiber bragg grating sensor market is segmented into single axis and multi axis. Based on technology, the global fiber bragg grating sensor market is classified as FemtoSecond technology grating and draw tower grating. In terms of end use industry, the fiber bragg grating sensor is segmented into telecommunication, aerospace, construction & infrastructure, mining, power transmission and distribution industry and others.
Geographically, global fiber bragg grating sensor market can be segmented into North America, Europe, Middle East & Africa, Asia Pacific and Latin America. North America is expected to be the leading market for the fiber bragg grating sensor, followed by Europe. Asia Pacific region is anticipated as an emerging market for the fiber bragg grating sensor due to increasing application of fiber optic cable.
Some of the key players operating in the global fiber bragg grating sensor market are FBGS International NV, Smart Fibres Ltd, Micron Optics, Timbercon Inc., National Instruments, HBM, Broptics Technology Inc., Intelligent Fiber Optic Systems Corporation, Advanced Optics Solutions (AOS) GmbH, and Technica Optical Components, LLC among others.
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Distributed Fiber Optic Sensor Market Expected To Collect $2.27 Billion By 208
The global distributed fiber optic sensor market size is expected to reach USD 2.27 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 8.4% from 2021 to 2028. Factors, such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector, boost product adoption. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its high durability and ability to withstand a challenging environment are also projected to propel market growth.
Increasing demand for sophisticated infrastructure and rising per capita income is predicted to lead to industrial automation, urban mobility, and growth in high-end residential projects. Various governments are focusing on conserving their prevailing infrastructure and developing new ones. They are under constant pressure to provide the necessary infrastructure, amenities, and connectivity to people. This has enabled increased spending on projects, such as roads, railways, and dams. This rapid growth in the advanced civil engineering vertical is expected to boost market development.
The wide usage of DFOS has promoted manufacturers and suppliers to increase R&D expenditure to offer better products to their customers. Service providers are trying to regulate efficiencies and optimize their production process to capture maximum market share and eliminate all other substitutes of the fiber optics technology. The high production & installation price of DFOS products is forcing manufacturers to develop cheaper and reliable optic inspection products. Technological complexities, along with other challenges raise the price of fiber optics deployment, which further hampers the market growth.
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Distributed Fiber Optic Sensor Market Report Highlights
The market is estimated to grow at a significant CAGR from 2021 to 2028 due to the high product demand as a result of the rising need for efficient and optimized processes, across enterprises and manufacturing sectors
The temperature sensing application segment dominated the market in 2020. Temperature sensors find solicitations in the oil & gas and civil engineering segments
Suppliers and manufacturers of fiber optic equipment are looking forward to achieving higher bandwidth, 100 GBPS, by undertaking intense research activities
North America dominated the global market and accounted for the largest revenue share in 2020
However, Asia Pacific is estimated to be the fastest-growing regional market during the forecast period
Distributed Fiber Optic Sensor Market Segmentation
Grand View Research has segmented the global distributed fiber optic sensor market on the basis of application, technology, vertical, and region:
DFOS Application Outlook (Revenue, USD Million, 2017 - 2028)
Temperature Sensing
Acoustic/Vibration Sensing
Other
DFOS Technology Outlook (Revenue, USD Million, 2017 - 2028)
Rayleigh Effect
Brillouin Scattering
Raman Effect
Interferometric
Bragg Grating
DFOS Vertical Outlook (Revenue, USD Million, 2017 - 2028)
Oil & Gas
Power & Utility
Safety & Security
Industrial
Civil Engineering
DFOS Regional Outlook (Revenue, USD Million, 2017 - 2028)
North America
Europe
Asia Pacific
South America
Middle East & Africa
U.S.
Canada
Mexico
U.K.
Germany
China
Japan
India
Brazil
List of Key Players of Distributed Fiber Optic Sensor Market
Halliburton
Schlumberger Ltd.
Yokogawa Electric Corp.
OFS Fitel, LLC
Qinetiq Group PLC
Omnisens SA
Brugg Kable AG
Luna Innovations, Inc.
AP Sensing GmbH
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Oil and Gas Pipeline Leak Detection Market an insight on the important factors and trends influencing the market
Global Oil and Gas Pipeline Leak Detection Market: Overview
The natural resources of oil and gas are in limited resources and require heavy investments for a fruitful extraction. Additionally, the leakage of oil and gas often leads to substantial damage of property and sometimes life too, besides severely affecting the environment for a long term. As a result, it is paramount for the players operating in the oil and gas industry to install efficient detection methods. As the demand for oil and gas surges further, the dependency on these pipelines to delivery consistently is mounting. This is clearly reflecting on global oil and gas pipeline leak detection market, which is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.
This report on global market for oil and gas pipeline leak detection market is a comprehensive analysis of all the techniques available, and based on factors that are expected to impact the growth rate in next few years, it provides figurative estimations until 2024. One of the key aspect of the report is its section on company profiles, wherein several prominent players have been analyzed for their market share and other recent developments. The global oil and gas pipeline leak detection market can be categorized on the basis of technology and geography. By technology, the market can be divided into flow meters, fiber optic sensors, infra-red detection, and pressure sensors.
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Global Oil and Gas Pipeline Leak Detection Market: Trends and Opportunities
The rapid growth of the oil and gas sector, which is fueled by the surging demand for energy, is the primary driver of this market. Additionally, the escalating demand for energy is leading to extended exploration and production activities and in the recent times, several new pipeline network have come up. Pipeline material failure and corrosion have been the major causes of leakage in oil and gas pipelines.
Concurrently, the need for proper leak detection techniques to avoid potential disaster and accidents is on the rise. Increased investment in offshore energy recourses is another driver for the global market for oil and gas pipeline leak detection. Flow monitoring, fiber optic sensors, pressure monitoring, and infra-red leak detection are the four prominent leak detection technologies that are used for the detection of leakages in buried as well as un-buried hydrocarbon pipelines.
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Global Oil and Gas Pipeline Leak Detection Market: Region-wise Outlook
Geographically, report studies the lucrativeness of the regional markets of North America, Europe, Asia Pacific, the Middle East and Africa, and rest of the world. Currently, the Middle East and Africa region constitutes the maximum market for oil and gas pipeline leak detection, owing to vast network of pipeline, which is extending even further. As a result, this region is projected for the best growth rate during the forecast period.
The region of North America is dominated by the developed economy of the U.S. which resides several prominent players in this market and hence is expected to remain a prosperous region over the course of next few years.
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EMBEDDED TEMPERATURE SENSOR MARKET ANALYSIS
Embedded Temperature Sensor Market, By Type (Non-contact (Infrared and Fiber Optic) and Contact (Bimetallic, Temperature Sensor IC, Thermistor, Resistive Temperature Detector, and Thermocouple)), End-use Industry (Chemicals, Oil & Gas, Energy & Power, Healthcare, Food & Beverages, Consumer Electronics, Aerospace & Defense, and Metals & Mining), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Press Release : Embedded Temperature Sensor Market
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The temperature sensor is an electronic device that measures the temperature of person, environment or an object. The temperature sensor is used to state the degree or intensity of heat present in a substance. These sensors will convert input data to electronic data to record, monitor, and then display in a human readable format. There are mainly two types of sensors i.e. contact and non-contact temperature sensors. Non-contact temperature sensors are basically infrared (IR) sensors. Temperature sensor provides benefits such as durability, accuracy, and low power consumption. These sensors are used in various industries to detect overheating and give alert to end users. The temperature sensor finds its application in various sectors such as consumer electronics, semiconductor, chemical, manufacturing, and others.
The global embedded temperature sensor market is expected to witness significant growth during the forecast period (2020–2027). The growth of the embedded temperature sensor market is majorly attributed to the increasing demand for temperature sensors in consumer electronics such as laptops, tablets, smart wearables, and others. The demand for smartwatches has increased from health conscious people. Smartwatches provide important information related to pulse or heart rate and give suggestions to remain healthy. Moreover, smart shirts are also used by players to monitor the movement of the body. Smart shirts are helpful for sportsperson to keep the record of their daily goal and to track heart rate, pulse rate, and heat level. For instance, according to Coherent Market Insights’ analysis, the number of people using smart wearables across the globe increased from 523.3 million in 2017 to 832.3 million in 2020.
Moreover, research and wearable manufacturing companies are manufacturing advanced sensors that can be packed into wearables to measure temperature. Due to advancements in technology, more innovative products are being introduced in the market such as smartwatches, armbands, and smart T-shirts. Armbands are designed to track the human body movement, detect accurate health, and pulse rate. Furthermore, embedded temperature sensors are used in smartphones to monitor the fertility status of women. The status of fertility is displayed on the smartphone screen. For instance, women in the U.S. are using such devices to main a healthy lifestyle.
Increasing health awareness is one of the major factors driving the demand for temperature sensors among consumers to keep a track of their health. People who are conscious about their health spend a lot on monitoring devices such as smartwatches and smartphones. By using smartwatches, people can consult a doctor and take precautions in advance. For instance, in October 2019, SAMSUNG launched SAMSUNG GALAXY WATCH ACTIVE 2 that is used to monitor blood pressure and track health-related problems. This smartwatch is helpful in measuring a person’s blood pressure and making them aware about their health issues. Hence, these factors are expected to drive the market growth during the forecast period.
Embedded Temperature Sensor Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic is expected to drive growth of the embedded temperature sensor market during the forecast period. All Chinese manufacturers have shut down their operations to hold the spread of coronavirus pandemic. Countries such as India find it difficult to source important raw materials and electronic components from Chinese factories. Demand for temperature sensors is expected to increase till the pandemic is under control. Temperature sensors are used at airports, land borders, and popular public spaces to check the temperature of people.
North America is expected to hold dominant position in the global embedded temperature sensor market during the forecast period
Statistics:
North America held dominant position in the global embedded temperature sensor market in 2019, accounting for 39.4% share in terms of value, followed by Europe and Asia Pacific.
Figure 1: Global Embedded Temperature Sensor Market Share (%), By Region, 2019
North America held a dominant position in the global embedded temperature sensor market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing demand for temperature sensors from oil & gas, automotive, and consumer electronics sectors. For instance, in 2017, FOSA (Fiber-Optic Sensing Association), the U.S first trade association, launched optical fiber sensing. Fiber-optic sensing is an advanced technology that uses light in fiber-optic cables to measure acoustics, temperature, and strain. Through this technology, individuals can detect pipeline leakage, seismic activity, and unsafe temperature in the oil and gas industry. Additionally, increased demand for smart wearables in the U.S has increased the demand for temperature sensors. This is due to urbanization and the penetration of smart technologies in the market. Moreover, according to the U.S. Bureau of Economic Analysis (BEA), disposable personal income in the U.S. increased to US$ 16,706.40 billion in December 2019 from US$ 16,675.80 billion in November of 2019.
Asia Pacific region is expected to exhibit the highest growth during the forecast period. This owing to the rising adoption of temperature sensors in industries such as oil and gas, and chemicals for the prevention of moisture, overheating, and corrosion. Moreover, rising investment in the oil and gas industry will provide lucrative opportunities for the embedded temperature sensor market in the coming years. For instance, according to India Brand Equity Foundation (IBEF), the investment in oil and gas exploration and production activities in India is expected to reach US$ 25 million by 2022. In addition, the growing government policies and initiatives towards the fulfillment of energy demands and initiation of new projects will contribute positively to the embedded temperature sensor market revenue during the forecast period. Due to the above-mentioned factors, the embedded temperature sensor market is expected to witness significant growth during the forecast period.
Major players operating in the global embedded temperature sensor market include Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Delphi Technologies, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Fluke Process Instruments, Mouser Electronics, Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, FLIR Systems, Inc., Amphenol Advanced Sensors, Maxim Integrated, KONGSBERG, Yokogawa India Ltd., Infineon Technologies AG, TDK-Micronas GmbH, Amphenol Corporation, OMEGA Engineering inc., ON Semiconductor, CODICO GmbH, Sensata Technologies, Inc., VINCI, and Digi-Key Electronics.
Increasing demand for embedded temperature sensor in food & beverages industry is expected to drive the market growth during the forecast period
Among end-use industry, the food & beverage segment is expected to hold a dominant position in the global embedded temperature sensor market during the forecast period. This is owing to the increasing demand for embedded temperature sensors for quality assurance during production, storage, and transit. For instance, due to stringent government regulations for Food and Drug Administration (FDA), it is mandated to use temperature sensors to monitor the temperature in complicated processes such as bottling, emulsification, piping, pasteurization, and others.
Figure 2: Global Embedded Temperature Sensor Market Value (US$ Mn), 2017 - 2027
The global embedded temperature sensor market was valued at US$ 6,492.34 Mn in 2019 and is expected to reach US$ 9,876.32 Mn by 2027 at a CAGR of 7.2% between 2020 and 2027.
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Temperature Sensors Industry Analysis, Competition landscape and growth opportunity up to 2020
24th May 2019: The global Temperature Sensors Market is anticipated to reach USD 6.13 billion by 2020. Rising demand for temperature sensors in semiconductors, automotive segment, and in other process industries including F&B, plastics and metal is expected to drive the market growth over the forecast period. Increasing need for advanced sensing technologies including image, pressure, proximity, heat and acceleration sensors among various industry players, coupled with rising number of automotive manufacturing facilities particularly in emerging economies including India, and China can be attributed as the major factor propelling the market growth.
Demand for highly advanced innovative consumer electronics is expected to increase owing to changing consumer preferences for high performance and efficient products. These trends are anticipated to positively affect the temperature sensors product since sensors are considered to be the major part of electronic devices. Use of nanotechnology and micro technology enables contactless and accurate measurements are anticipated to offer future opportunities to the sensors market. Temperature controls are vital for manufacturing, storing and handling of medical drugs and devices. The sensors are widely used in communication sector including mobile phones and other handheld devices. They maintain and provide efficient performance coupled with reduction in power consumed by monitoring and controlling heat. Increasing demand for tech savvy products is expected to steer the overall market.
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These sensors are also used in switches, wireless routers, VoIP equipment Bluetooth devices, modems. Growing demand for these products and devices would positively impact the sensors market growth over the forecast period. Personal computers, scanners, copiers, POS terminals and printers constitute sensors for temperature control and to avoid and accessories such as scanners, printers, copiers and POS terminals. Entertainment systems such as gaming consoles Blu-Ray/DVD players, and flat panel TVs, also use these devices to enhance performance and provide better reliability. Increasing awareness and adoption of HVAC modules is anticipated to favorably influence the global industry. Technological advancements coupled with reduction in prices is expected to result in launch of new product applications in HVAC sector.
Lithium neonate and Lanthanum gallium silicate also known as langosta form the key raw materials of temperature sensors that improve measurement ranges of these sensors. Silicon sensors are widely used materials since they are easily available, cost efficient and are used to measure physical parameters including pressure. Multi sensors are extensively used in mass applications due to their stability and thereby driving the global temperature sensors growth rate. Rising concern towards surveillance and security is expected to propel the demand for sensors over the next seven years. Government initiatives for safety and environmental norms are anticipated to steer the market growth. The launch of MEMS technology in the market can be attributed as the major opportunities for market in the future.
On the basis of product type, the global market has been segmented into Bimetallic Sensor, Sensor IC, Thermistor (Negative and Positive Temperature Coefficient), Resistive Detector (RTD), Thermocouple, Infrared and Fiber Optic temperature sensors. Thermocouples are expected to have the largest market share in terms of revenue owing to its wide applications in several industries including process, metal and petrochemicals industries, owing to quick response to temperature fluctuations, user friendliness, and simplicity. They are also extensively used in mechanical and electrical apparatus for testing prototypes that are produced for manufacturing.
Thermistors are expected to witness significant growth rate over the forecast period. A thermistor is a superior type of resistor that tends to change its physical resistance value when exposed to temperature changes. These sensors usually constitute and made of ceramic materials including oxides of manganese, nickel, cobalt coated in glass which makes them easily damaged. High speed of response time to minor changes in accuracy repeatability and temperature is expected to propel the market growth of this segment.
Bimetallic temperature sensors are expected to grow at a moderate rate. These sensors are widely used to reduce electrical power in household and offices by operating on a relay, controlling an electronic ignitor, either a resistance heater or electrically power-driven spark producing device. North America holds the major share in the global market owing to increasing in demand and need for temperature sensors in home weather stations, smart homes particularly in regions such as U.S. and Canada. Increasing investment in R&D and technological advancements can be attributed as the key factor for the market dominance in this region. Asia Pacific is expected to witness significant growth rate owing to increasing healthcare, oil & gas and automobile sectors in the region.
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Key market players are ABB Ltd., Texas Instruments Incorporated, Honeywell International, Inc. Analog Devices, Siemens AG, Maxim Integrated Products, Inc., Other industry participants include Kongsberg Gruppen, Danaher Corporation, Emerson Electric Company, TE Connectivity Ltd., General Electric, Panasonic Corporation, Microchip Technology Incorporated, NXP Semiconductors, and STMicroelectronics. Major players in the industry invest more in partnerships, research &development and collaborations with local players to develop high performance and enhanced temperature sensors. Many companies manufacture products and also provide services and system integrators to the clients forming an important role in the market.
Market Segment:
Temperature Sensors Application Outlook (Revenue, USD Million, 2012 - 2020)
• Automotive
• Consumer Electronics
• Environmental
• Healthcare & Medical
• Process Industries
• Others
Temperature Sensors Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• RoW
• Brazil
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