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Fork Sensors - Global Market Trajectory & Analytics

  • ID: 5141341
  • Report
  • January 2021
  • Region: Global
  • 241 Pages
  • Global Industry Analysts, Inc
Global Fork Sensors Market to Reach US$ 409 Million by the Year 2027

Amid the COVID-19 crisis, the global market for Fork Sensors estimated at US$ 269.6 Million in the year 2020, is projected to reach a revised size of US$ 409 Million by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027.Optical, one of the segments analyzed in the report, is projected to grow at a 6.9% CAGR to reach US$ 190.8 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultrasonic segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 35% share of the global Fork Sensors market.





The U.S. Accounts for Over 23.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.6% CAGR for the Period of 2020-2027

The Fork Sensors market in the U.S. is estimated at US$ 64.1 Million in the year 2020. The country currently accounts for a 23.76% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$ 51.2 Million in the year 2027 trailing a CAGR of 7.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR while Rest of European market (as defined in the study) will reach US$ 51.2 Million by the year 2027.

Vibrating Tuning Segment Corners a 20.7% Share in 2020

In the global Vibrating Tuning segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 43.4 Million in the year 2020 will reach a projected size of US$ 60 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 40.8 Million by the year 2027, while Latin America will expand at a 5% CAGR through the analysis period. The publisher brings years of research experience to this 9th edition of the report. The 257-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Select Competitors (Total 31 Featured):

  • Balluff GmbH
  • Baumer Holding AG
  • Datalogic S.p.A.
  • Leuze electronic bv
  • M.D.Micro Detectors S.p.A.
  • Omron Corporation
  • Pepperl+Fuchs SE
  • Rockwell Automation, Inc.
  • SensoPart Industriesensorik GmbH
  • Sick AG
  • Telemecanique Sensors
  • Telco Sensors Inc.
  • WayCon Positionsmesstechnik GmbH
Frequently Asked Questions about the Global Market for Fork Sensors

What is the estimated value of the Global Market for Fork Sensors?

The Global Market for Fork Sensors was estimated to be valued at $269.6 Million in 2020.

What is the growth rate of the Global Market for Fork Sensors?

The growth rate of the Global Market for Fork Sensors is 6.1%, with an estimated value of $409.0 Million by 2027.

What is the forecasted size of the Global Market for Fork Sensors?

The Global Market for Fork Sensors is estimated to be worth $409.0 Million by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • EXHIBIT 2: Rising Levels of Unemployment Threatens to Shrink the Global Middle Class Population: Unemployment in the U.S. (In Million)
  • EXHIBIT 3: Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
  • Industrial Activity Remains Subdued, Inducing Weakness into Fork Sensors Market
  • EXHIBIT 4: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Fork Sensors: A Brief Synopsis
  • Ideal for Detecting Small Parts
  • Fork Sensor with Combined Benefits of Ultrasonic and Light-based Sensors
  • Tuning Fork Sensors: Definition and Functionality
  • An Innovative Tuning Fork Sensing Technology-based Sensor
  • Benefits of Tuning Fork Sensors
  • Applications for Tuning Fork Sensors
  • Global Fork Sensors Market: Prospects & Outlook
  • Analysis by Type: Optical Fork Sensors to Witness High Growth
  • EXHIBIT 5: World Fork Sensors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Optical, Ultrasonic, and Vibrating Tuning
  • Analysis by End-Use
  • EXHIBIT 6: World Fork Sensors Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Manufacturing, Packaging & Labeling, and Other End-Uses
  • Regional Analysis
  • EXHIBIT 7: World Fork Sensors Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • EXHIBIT 8: World Fork Sensors Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Africa, Middle East, USA, Japan, Europe, and Canada
  • Competitive Scenario
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Demand in Packaging & Labeling Applications
  • Fork Sensors Facilitate Seamless Coordination in Quality Control and Track & Trace in Packaging Processes
  • Sophisticated Fork Sensors Come to the Fore for Labeling Machines
  • Printing & Packaging Made Easier in Consumer Goods Processing
  • Emphasis on Automation and Shift Towards Industry 4.0 Widen Business Opportunities
  • EXHIBIT 9: Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • EXHIBIT 10: Industrial Robots Usage to Spike Post COVID-19 Period: Industrial Robot Density (Units Per 10,000 Workers)
  • Demand for Robust Identification Technologies for Real-Time Tracing in Food Industry Bodes Well
  • Healthy Trajectory in Food & Beverages Sector Augurs Well
  • EXHIBIT 11: Global Packaged Food Sales in US$ Trillion: 2014-2024
  • Expanding IIoT Ecosystem to Provide Steady Demand Prospects
  • EXHIBIT 12: Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • EXHIBIT 13: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Relevance of Accurate Monitoring & Inspection Widens Business Case
  • Technology Advancements & Innovations Steer Momentum
  • Leuze’s GSX Fork Sensor: A Breakthrough Design

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Sensors Market Overview
  • Fork Sensors Market Dominated by Manufacturing and Packaging Industries
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • Market Overview
  • A Market Laden with Opportunities
  • Market Analytics
  • EUROPE
  • European Sensors Market: Brief Overview
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Sensors Market: A Brief Overview
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Sensors Market in The Middle East: An Overview
  • Market Analytics
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 60
Note: Product cover images may vary from those shown