Global Fork Sensors Market - Valuable Growth Prospects and Insights on Future Scenario || Key Players - Omron Corporation, Sick AG, ROHM Semiconductor, Pepperl+Fuchs GmbH

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Global Fork Sensors Market - Valuable Growth Prospects and Insights on Future Scenario” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.

This research study on the global fork sensors market provides a detailed cross segment and cross country analysis based on the different segments including end-use industry and type. Based on end use industry, the global fork sensors market is divided into manufacturing, packaging and labeling, and others. Others include wood processing and printing industry. Based on type, the market is segmented into optical fork sensor, ultrasonic fork sensor, and vibrating tuning fork sensor. Additionally, optical fork sensors are further divided into three types namely- red, infrared, and laser.

The global fork sensors market is expected to reach US$ 590.2 Mn by 2026. The market is projected to expand at a CAGR of 8.69% during the forecast period from 2018 to 2026. According to the report, the global fork sensors market will continue to be influenced by a range of factors such as rising popularity and adoption of fork sensors technology with Internet of Things (IoT) and Industry 4.0. Additionally, the growing adoption of smart sensors is projected to boost the global fork sensors market during the forecast period 2018-2026. Asia Pacific will be at the forefront of growth, with the market in the region growing at above 10% through 2026.

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The global fork sensors market is bifurcated by end-use industry into manufacturing, packaging and labeling, and others. Others include wood processing and printing industry. Manufacturing sector is expected to contribute significant revenues to the market by 2026dueto the increased implementation of fork sensors technology in prominent technologies used in manufacturing such as Industry 4.0 and Industry Internet of Things (IIoT). Furthermore, the increasing adoption of fork sensors technology in smart cities and the rising initiatives taken by leading fork sensor providers are expected to be some of the prominent reasons for market growth over the forecast period. For instance, in February 2017, Leuze Electronic GmbH introduced Smart Sensor Business 4.0, focused on the tool manufacturing and metal working industry, which is expected to impact its fork sensor based offerings positively. Growing adoption of fork sensors in the food and beverages and healthcare industry is anticipated to boost the fork sensors for manufacturing industry owing to its high precision and efficiency in production. The packaging and labeling sector is anticipated to expand at a CAGR of greater than 8% over the forecast period.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

Global Fork Sensors Market: Competitive Dynamics

The report highlights well established players of the market including OMRON Corporation, SICK AG, ROHM Semiconductor, and Pepperl+Fuchs GmbH. These key players are looking to capture larger market share by innovating fork sensors. For instance, in February 2017, Balluff GmbH, a leading fork sensors provider invested approximately US$ 2.45 Mn to expand its existing plant in Chengdu, China by 50%. This initiative will help the company to enhance its focus on China, one of the most lucrative markets for fork sensors.

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Global Fork Sensors Market

Global Fork Sensors Market, by End-use Industry

Manufacturing

Packaging and Labeling

Others

Global Fork Sensors Market, by Type

Optical fork sensor

Red

Infrared

Laser

Ultrasonic fork sensor

Vibrating Tuning fork sensor

Global Fork Sensors Market, by Geography

North America

The U.S.

Canada

Rest of North America

Europe

France

The U.K

Germany

Rest of Europe

Asia Pacific (APAC)

India

Japan

China

Rest of APAC

Middle East &Africa (MEA)

GCC Countries

South Africa

Rest of MEA

South America

Brazil

Rest of South America

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