DUBLIN, Dec. 11, 2023 /PRNewswire/ — The “Fork Sensors – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Fork Sensors Market to Reach $500.7 Million by 2030
The global market for Fork Sensors estimated at US$292.3 Million in the year 2022, is projected to reach a revised size of US$500.7 Million by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. Optical, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$238.7 Million by the end of the analysis period. Growth in the Ultrasonic segment is estimated at 6.6% CAGR for the next 8-year period.
The report on fork sensors begins with an introduction to the topic, providing readers with a brief synopsis of what fork sensors are and their ideal use for detecting small parts. It highlights a specific type of fork sensor that combines the benefits of ultrasonic and light-based sensors, making it a versatile sensing technology.
The report delves into tuning fork sensors, explaining their definition and functionality. It introduces an innovative tuning fork sensing technology-based sensor and outlines the benefits of using such sensors. Various applications for tuning fork sensors are explored, showcasing their versatility across industries.
The global fork sensors market is discussed in terms of prospects and outlook. The analysis is categorized by type, with optical fork sensors expected to witness high growth. The report also breaks down the market by end-use, with a focus on manufacturing, packaging & labeling, and other end-uses.
The report offers insights into the competitive scenario of the fork sensors market, presenting the global key competitors’ percentage market share in 2022 and assessing the competitive market presence by categorizing players as strong, active, niche, or trivial on a worldwide scale. Recent market activity is summarized, providing insights into the industry’s latest developments and trends.
The U.S. Market is Estimated at $69 Million, While China is Forecast to Grow at 8.4% CAGR
Regional analysis is provided, highlighting the sales breakdown between developed and developing regions. Geographic regions are ranked by CAGR for sales from 2020 to 2027, including China, Asia-Pacific, Latin America, Africa, the Middle East, USA, Japan, Europe, and Canada.
The Fork Sensors market in the U.S. is estimated at US$69 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$65.1 Million by the year 2030 trailing a CAGR of 8.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
- Growing Demand in Packaging & Labeling Applications
- Fork Sensors Facilitate Seamless Coordination in Quality Control and Track & Trace in Packaging Processes
- Sophisticated Fork Sensors Come to the Fore for Labeling Machines
- Printing & Packaging Made Easier in Consumer Goods Processing
- Emphasis on Automation and Shift Towards Industry 4.0 Widen Business Opportunities
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- 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
- Global Packaged Food Sales in US$ Trillion: 2014-2024
- Expanding IIoT Ecosystem to Provide Steady Demand Prospects
- Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
- 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
FOCUS ON SELECT PLAYERS (Total 31 Featured)
- Schneider Electric SE
- Omron Corporation
- Rockwell Automation, Inc.
- Pepperl + Fuchs Vertrieb Deutschland GmbH
- Omega Engineering, Inc.
- IFM Electronic GmbH
- Balluff GmbH
- Leuze Electronic GmbH + Co. KG
- SensoPart Industriesensorik GmbH
- Baumer Electric AG
- Di-Soric GmbH & Co. KG
- Powelectrics Ltd.
- M.D. Micro Detectors SpA
- Sapcon Instruments (P) Ltd.
- Photon Controls India Pvt., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/9kome1
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