LONDON--(BUSINESS WIRE)--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
- 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 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 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 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 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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