Technavio has announced the top four leading vendors for
the global fiber optics sensors market in their latest
research report. This report also lists three other prominent
vendors who are expected to contribute to this market’s growth over
the forecast period.
To identify the top vendors, Technavio’s market research
analysts have considered the top contributors to the overall
revenue of this market. To calculate the market size, the report
considers revenues generated from the use of fiber optic sensors in
the following customer segments:
- Oil and gas
- Manufacturing
- Infrastructure
- Security
- Others, which include consumer
electronics, healthcare, and transportation
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“The oil and gas segment of the global fiber optics sensor
market was valued at over USD 661 million in 2015, and it is
expected to dominate the market until 2020. The use of effective
monitoring and remote sensing applications such as distributed
temperature sensing (DTS) and distributed acoustic sensing (DAS),
which are integrated with fiber optic sensors, has vastly improved
the efficiency of oil and gas production and transportation
systems. Therefore, it is estimated that the adoption of these
monitoring systems in the oil and gas sector will grow during the
forecast period,” said Asif, one of Technavio’s lead analysts for
semiconductor and equipment
research.
“Fiber optic sensors are also being considered as an ideal
alternative to conventional sensing methods, due to their ability
to measure temperatures and strain at different locations through a
single fiber using the multiplexing technology. This trend is
expected to significantly fuel the demand for fiber optic sensors
for monitoring pipelines, oil wells, and coiled tubes for cracks
over the next four years,” added Asif.
Four leading vendors in the global fiber optics sensors
market:
Banner Engineering
Banner Engineering was established in 1966 and is headquartered
in Minneapolis, Minnesota, US. They are one of the world's leading
producers of process automation and industrial automation
solutions. Their product portfolio of 22,000 different products is
supported by a strong sales and distributional network of more than
3,000 representatives and distributors globally.
They serve more than 40 different industries such as
agriculture, automotive, assembly and manufacturing, food and
beverage, pharmaceutical and medical, port machinery and
semiconductor. Their market presence is in more than 75 countries,
including Canada, US, Mexico, Brazil, Argentina, Austria, Italy,
Spain, India, Japan, China, Israel, Kuwait, and Australia.
ifm efector
ifm efector was established in 1969 and is headquartered in
Exton, Pennsylvania, US. They are an automation technology company
who develop, manufacture, and sell sensors, controllers, and
systems. Their operations span across 70 countries with 5,000
employees. They operate in segments, such as process sensors in
hydraulic power units (HPUs), safety sensors, and controls;
position sensors; industrial imaging sensors such as vision
sensors; condition monitoring systems; and systems for mobile
machines.
The company's key services include on-site application support
and customer support. On-site application support includes on-site
application assistance, project coordination, and training. It has
more than 600 patents and 70 new patent registrations. The company
caters to the automotive, food and beverages, mobile machines, and
wind energy industries.
OMRON
OMRON was established in 1933 and is headquartered at Kyoto,
Japan. They are a global manufacturer of automation components,
equipment and systems with computer, communications and control
technologies. They offer a range of products through their
industrial automation business segments. They also offer a wide
range of equipment ranging from factory automation controllers like
sensors, switches, relays, and safety equipment that meet nearly
100,000 specifications and support innovation and productivity
improvement in almost every production operation.
Their products include real color 3Dvisual sensors, real color
visual sensors, digital timers and electronic counters, safety
light curtains, temperature controllers, temperature control
modules, network automated optical inspection devices, portable
multi data loggers, multiple input units, and safety laser
scanners. In FY2014, the segment reported a revenue of close to USD
3.02 billion, which accounted for nearly 40% of the company’s total
revenue.
Sick
Sick was founded in 1946 and is headquartered in Waldkirch,
Germany. They manufacture and market sensor solutions and services
for automation technology globally. They offer products such as
magnetic cylinders, proximity, photoelectric, fluid, registration,
and distance sensors, identification, detection and ranging, and
safe sensor control solutions. The company serves customers in the
automotive, chemical, print, metal and steel, mining, electronics,
solar, packaging, and other industries.
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providers, distributors, re-sellers, and end-users.
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