Global Fork Sensors Market to Reach USD 590.2 Million by 2026: Transparency Market Research

USA - English

News provided by

Jul 17, 2018, 06:30 ET

ALBANY, New York, July 17, 2018 /PRNewswire/ --

The global fork sensors market is projected to register compound annual growth rate (CAGR) of over 8.69% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled "Fork sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026." The fork sensors market is expected to grow significantly due to increased cost efficiency and long life duration. The report suggests that the rising integration of IoT with fork sensors technology is expected to boost the fork sensors market at the global level during the forecast period 2018-2026. In August 2017, Leuze electronic GmbH, a significant provider of fork sensors, collaborated with Microsoft Corporation to accelerate the use of Internet of Things (IoT) solutions. Additionally, fork sensors based solutions are gaining popularity in manufacturing applications, which holds a significant share in the market. Prominent fork sensors providers are focusing on R&D investments for further improvement of their current sensor based offerings.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

For instance, in August 2017, Banner Engineering Corp. developed a new building for research and development in Minneapolis, the U.S. This initiative by the company will boost new product development and also focus on smart sensor technology solutions. These developments are expected to have a positive impact on the global fork sensors market.

Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46959

Rising adoption of smart sensors is expected to boost the fork sensors market

The rising integration of smart sensors to derive data for data analytics for smart city applications is projected to impact the fork sensors market positively. Furthermore, many leading providers of fork sensors are integrating smart sensors to their current sensor based offerings to become compliant with the future needs of the market. For instance, Pepperl+Fuchs GmbH, a significant player in sensor technology provides smart sensors for integration with Industry 4.0 applications. Furthermore, in February 2017, Leuze Electronic GmbH, a sensor based solution provider introduced Smart Sensor Business 4.0, focused on tool manufacturing and metal working industry.

Get a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46959

Prominent adoption of fork sensors in the manufacturing sector

Based on end-use industry, the global fork sensors market is segmented into manufacturing, packaging and labeling, and others. Others include wood processing and printing industry. The rising adoption of sensor based technology in Industry 4.0 technology, which is playing a crucial role in the manufacturing industry across the globe, is expected to impact the fork sensors market positively over the forecast period 2018-2026. In April 2018, Frost and Sullivan, a market intelligence firm reported the importance of sensors in Industry 4.0. It stated that the sensors alone in industrial controls would generate revenue of US$ 4101.1 Mn by 2021. Furthermore, leading sensor technology providers are focusing on industry 4.0 technology. For instance, in March 2017, at the Industry 4.0 Summit in Manchester, Sick AG, one of the leading fork sensors providers, discussed the importance and application of sensors in Industry 4.0 technology.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=46959

Europe is holding a significant share of the fork sensors market

Europe is expected to hold the highest share of the market during the forecast period. The factors contributing to the higher share are the prominent number of fork sensors players such as Leuze Electronic GmbH, Sick AG, and SensoPart Industriesensorik GmbH, along with the rising initiatives taken by the leading firms for further market penetration. For instance, to increase the precision for detection in smaller objects, Baumer (a significant provider of sensor technology) introduced laser fork barriers with fork width ranging from 30-120mm for simple detection of small objects upto 0.1mm with red and laser light sources. Additionally, market leaders are focusing on integration with latest technologies for further market penetration. For instance, in February 2017, Leuze electronic GmbH, a sensor technology company, with headquarters in Germany, introduced Smart Sensor Business 4.0, focused on tool manufacturing and metal working industry to boost the growth of its current sensor based offerings.

Browse Press Release at https://www.transparencymarketresearch.com/pressrelease/fork-sensors-market.htm

Key Players such as Omron Corporation, Sick AG, ROHM Semiconductor, and Pepperl+Fuchs GmbH likely to lead the global fork sensors market

Omron Corporation, Sick AG, ROHM Semiconductor, and Pepperl+Fuchs GmbH are some of the major players operating within the fork sensors market profiled in this study. Various market players are entering into partnerships to enhance their fork sensors offerings worldwide. For instance, in September 2017, Gimbal formed a partnership with Kube Systems, a significant provider of mobile device charging, to provide location based marketing solutions to the hotel industry. Additionally, in May 2017, Datalogic S.p.A, a prominent fork sensors provider, launched an enhanced partner advantage program which made business with Datalogic easier and provided enhanced rewards channel commitment and performance. The company provided a marketing incentive to its partner named Loyalty League whereby the partner company can claim prizes on the sale of a Datalogic product.

Download Report TOC at https://www.transparencymarketresearch.com/report-toc/46959

The global fork sensors market has been segmented as follows:

Global Fork Sensors Market

Global Fork Sensors Market, by End-use Industry

Manufacturing
Packaging and Labeling
Others

Global Fork Sensors Market, by Type

Optical fork sensors
- Red
- Infrared
- Laser
Ultrasonic fork sensors
Vibrating Tuning fork sensors

Global Fork Sensors Market, by Geography

North America
- The U.S.
- Canada
- Rest of North America
Europe
- France
- The U.K
- Germany
- Rest of Europe
Asia Pacific (APAC)
- India
- Japan
- China
- Rest of APAC
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
South America
- Brazil
- Rest of South America

Popular Reports by TMR:

Infrared Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2024:

https://www.transparencymarketresearch.com/infrared-sensors-market.html

Level Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026:

https://www.transparencymarketresearch.com/level-sensor-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]