Fork Sensor Market - Forecasts from 2018 to 2023

The global fork sensor market is expected to grow at a CAGR of 9.12% during the forecast period of 2017-2023. Fork sensors are either U or L shaped through-beam object detecting sensors. In these sensors, the transmitter and the receiver are built into the arms of the device. Major factors driving the demand for fork sensors are its cost- effectiveness and growing popularity in the manufacturing industry for varied applications including parts counting, dimension verification, and small parts detection among many others. In addition, integration of fork sensors with the internet of things (IoT) will boost its demand for industrial automation applications. Increasing research and development expenditure to develop state-of-the-art products will propel the growing demand for these sensors over the forecast period.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the value chain of the fork sensor market. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Sick AG, Marktechnical, Pepperl + Fuchs, Balluff, Inc., Rockwell Automation, Inc., Baumer, and Telco Sensors among others.

Segmentation

The fork sensor market has been analyzed through the following segments:

By Type

Optical
Ultrasonic
Vibrating Tuning Fork

By Industry Vertical

Manufacturing
Packaging
Automotive
Pulp and Paper
Others

By Geography

North America

USA
Canada
Mexico
Others

South America

Brazil
Argentina
Others

Europe

France
Germany
UK
Italy
Others

Middle East and Africa

UAE
Israel
Saudi Arabia
Others

Asia Pacific

China
India
Japan
South Korea
Others