Global Fork Sensors Market Predicted to Reach $500.7 Million by 2030: Driven by Advances in Optical and Ultrasonic Technologies

DUBLIN, July 12, 2023 /PRNewswire/ — The “Fork Sensors: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

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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 a 7.7% CAGR and reach US$238.7 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Ultrasonic segment is readjusted to a revised 6.6% CAGR for the next 8-year period.



The U.S. Market is Estimated at $69 Million, While China is Forecast to Grow at 8.4% CAGR



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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$51.3 Million by the year 2030.



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

Key Topics Covered:



I. METHODOLOGY



II. EXECUTIVE SUMMARY



1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Rising Levels of Unemployment Threatens to Shrink the Global Middle Class Population: Unemployment in the U.S. (In Million)
  • 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
  • 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
  • World Fork Sensors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Optical, Ultrasonic, and Vibrating Tuning
  • Analysis by End-Use
  • World Fork Sensors Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Manufacturing, Packaging & Labeling, and Other End-Uses
  • Regional Analysis
  • World Fork Sensors Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • 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
  • Fork Sensors – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

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
  • 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ptingo

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