South and Central America Fiber Optic Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Temperature Sensing, Pressure Sensing, Acoustic Sensing, Strain Sensing, and Others) and Vertical (Oil & Gas, Manufacturing, Infrastructure, Power and Utilities, and Others)

Code: TIPRE00025829 | Pages: 114 | Industry: Electronics and Semiconductor | Date: Nov 2021
Covid

Market Introduction

This research report on the “Fiber optic sensor Market” provides a holistic view of the market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends pertaining to the market growth.

Moreover, the surging applications in oil & gas sector is expected to bolster the market growth during the forecast period.

South American countries have been witnessing growth in number of industries over the past few years. Industries such as oil & gas, infrastructural, and manufacturing industry equipment have been experiencing fair growth rate; however, the COVID-19 outbreak has created significant turmoil among the manufacturers across industries. Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. Brazil has the largest industrial sector and is also the worst-hit country. This has been highlighting limited resources and investments toward product developments, which has slow-downed the adoption of fiber optic sensors. This factor has negatively impacted the fiber optic sensors market.

 


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Market Overview and Dynamics

The South and Central America fiber optic sensor market is projected to reach US$ 181.7 million by 2028 from US$ 137.7 million in 2021; it is anticipated to grow at a CAGR of 4.0% from 2021 to 2028. The actual time monitoring of underground well conditions is becoming increasingly vital in the oil & gas vertical. To gain a comprehensive picture of underground conditions, operators are using downhole fiber-optic sensors to accurately measure parameters such as temperature and pressure along the length of the wellbore in real time. The useful information about well condition and operation obtained from the sensor data helps the well operators in fine tuning of conditions, thus achieving maximum production. The collection of fiber optic sensor data and analysis of the same reduce uncertainty, enabling better operational decisions that can significantly reduce environmental impact of operations, in addition to increasing well production. Moreover, these sensors are used to real-time leakage detection and predictive maintenance in the oil & gas plants. Such as, AFL provides optimized fiber optic cables for the oil & gas sector. Thus, with the increasing importance of fiber optic sensors in the oil & gas industry, the demand of these sensors is on rise, thus fuelling the market growth.

 

Key Market Segments

In terms of vertical, the oil & gas segment accounted for the largest share of the South and Central America fiber optic sensor market in 2020. Further, based on application, the temperature sensing segment held the largest market share in 2020.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the fiber optic sensor market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Omnisens SA, Solifos AG, Baumer Holding AG, Keyence Corporation, OMRON Corporation, Luna Innovations Inc., SICK AG, and Yokogawa Electric Corporation.

 

Reasons to Buy Report

  • To understand the South and Central America fiber optic sensor market landscape and identify market segments that are likely to guarantee a strong return
  • To comprehend the ever-changing market landscape and stay ahead in competition
  • To efficiently plan merger and acquisition, and partnership deals in the South and Central America fiber optic sensor market by identifying segments with the most promising probable sales
  • To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
  • To obtain market revenue forecast of the South and Central America fiber optic sensor market based on various segments for the period 2021–2028

 

 

SOUTH AND CENTRAL AMERICA FIBER OPTIC SENSOR MARKET SEGMENTATION

 

By Vertical

  • Oil & Gas
  • Manufacturing
  • Infrastructure
  • Power and Utilities
  • Others

 

 

By Application

  • Temperature Sensing
  • Pressure Sensing
  • Acoustic Sensing
  • Strain Sensing
  • Others

 

By Country

  • South and Central America
        • Brazil
        • Argentina
        • Rest of South and Central America

 

 

Companies Mentioned

  1. Omnisens SA
  2. Solifos AG
  3. Baumer Holding AG
  4. Keyence Corporation
  5. OMRON Corporation
  6. Luna Innovations Inc.
  7. SICK AG
  8. Yokogawa Electric Corporation

 

 

 

TABLE OF CONTENTS

1.           Introduction

1.1          Scope of the Study

1.2          The Insight Partners Research Report Guidance

1.3          Market Segmentation

1.3.1          South and Central America Fiber Optic Sensor Market – By Vertical

1.3.2          South and Central America Fiber Optic Sensor Market – By Application

1.3.3          South and Central America Fiber Optic Sensor market – By Country

2.           South and Central America Fiber Optic Sensor Market – Key Takeaways

3.           Research Methodology

3.1          Coverage

3.2          Secondary Research

3.3          Primary Research

4.           South and Central America Fiber Optic Sensor Market – Market Landscape

4.1          Overview

4.2          PEST Analysis

4.3          Expert Opinions

4.4          Ecosystem Analysis

5.           South and Central America Fiber Optic Sensor Market – Key Market Dynamics

5.1          Market Drivers

5.1.1          Surging Applications in Oil & Gas Sector

5.1.2          Escalating Demand in Automotive Sector

5.2          Market Restraints

5.2.1          Difficulties in Installation of Fiber Optic Sensors

5.3          Market Opportunities

5.3.1          Development of Smart Cities

5.4          Future Trends

5.4.1          Ongoing Technological Developments in Fiber Optic Sensors

5.5          Impact Analysis

6.           South and Central America Fiber Optic Sensor Market – Regional Analysis

6.1          South and Central America Fiber Optic Sensor Market Revenue Forecast And Analysis

7.           South and Central America Fiber Optic Sensor Market Analysis – By Vertical

7.1          Overview

7.2          Fiber Optic Sensor Market Breakdown, By Vertical, 2020 and 2028

7.3          Oil & Gas

7.3.1          Overview

7.3.2          Oil & Gas: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.4          Manufacturing

7.4.1          Overview

7.4.2          Manufacturing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.5          Infrastructure

7.5.1          Overview

7.5.2          Infrastructure: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.6          Power and Utilities

7.6.1          Overview

7.6.2          Power and Utilities: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

7.7          Others

7.7.1          Overview

7.7.2          Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.           South and Central America Fiber Optic Sensor Market Analysis – By Application

8.1          Overview

8.2          Fiber Optic Sensor Market Breakdown, By Application, 2020 and 2028

8.3          Temperature Sensing

8.3.1          Overview

8.3.2          Temperature Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.4          Pressure Sensing

8.4.1          Overview

8.4.2          Pressure Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.5          Acoustic Sensing

8.5.1          Overview

8.5.2          Acoustic Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.6          Strain Sensing

8.6.1          Overview

8.6.2          Strain Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

8.7          Others

8.7.1          Overview

8.7.2          Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

9.           South and Central America Fiber Optic Sensor Market – Geographic Analysis

9.1          South and Central America: Fiber optic sensor Market

9.1.1          Overview

9.1.2          South and Central America Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)

9.1.2.1             Brazil Fiber Optic Sensor Market, Revenue and Forecast to 2028

9.1.2.1.1             Brazil Fiber Optic Sensor Market Breakdown, By Application

9.1.2.1.2             Brazil Fiber Optic Sensor Market Breakdown, By Vertical

9.1.2.2             Argentina Fiber Optic Sensor Market, Revenue and Forecast to 2028

9.1.2.2.1             Argentina Fiber Optic Sensor Market Breakdown, By Application

9.1.2.2.2             Argentina Fiber Optic Sensor Market Breakdown, By Vertical

9.1.2.3             Rest of SAM Fiber Optic Sensor Market, Revenue and Forecast to 2028

9.1.2.3.1             Rest of SAM Fiber Optic Sensor Market Breakdown, By Application

9.1.2.3.2             Rest of SAM Fiber Optic Sensor Market Breakdown, By Vertical

10.        Impact of COVID-19 Pandemic on South and Central America Fiber optic sensor Market

10.1        South and Central America: Impact Assessment of COVID-19 Pandemic

11.        South and Central America Fiber optic sensor Market Industry Landscape

11.1        Overview

11.2        Market Initiative

11.3        Merger and Acquisition

11.4        New Development

12.        Company Profiles

12.1        Omnisens SA

12.1.1        Key Facts

12.1.2        Business Description

12.1.3        Products and Services

12.1.4        Financial Overview

12.1.5        SWOT Analysis

12.1.6        Key Developments

12.2        Solifos AG

12.2.1        Key Facts

12.2.2        Business Description

12.2.3        Products and Services

12.2.4        Financial Overview

12.2.5        SWOT Analysis

12.2.6        Key Developments

12.3        Baumer Holding AG

12.3.1        Key Facts

12.3.2        Business Description

12.3.3        Products and Services

12.3.4        Financial Overview

12.3.5        SWOT Analysis

12.3.6        Key Developments

12.4        Keyence Corporation

12.4.1        Key Facts

12.4.2        Business Description

12.4.3        Products and Services

12.4.4        Financial Overview

12.4.5        SWOT Analysis

12.4.6        Key Developments

12.5        OMRON Corporation

12.5.1        Key Facts

12.5.2        Business Description

12.5.3        Products and Services

12.5.4        Financial Overview

12.5.5        SWOT Analysis

12.5.6        Key Developments

12.6        Luna Innovations Inc.

12.6.1        Key Facts

12.6.2        Business Description

12.6.3        Products and Services

12.6.4        Financial Overview

12.6.5        SWOT Analysis

12.6.6        Key Developments

12.7        SICK AG

12.7.1        Key Facts

12.7.2        Business Description

12.7.3        Products and Services

12.7.4        Financial Overview

12.7.5        SWOT Analysis

12.7.6        Key Developments

12.8        Yokogawa Electric Corporation

12.8.1        Key Facts

12.8.2        Business Description

12.8.3        Products and Services

12.8.4        Financial Overview

12.8.5        SWOT Analysis

12.8.6        Key Developments

13.        Appendix

13.1        About The Insight Partners

13.2        Glossary of Terms

 


LIST OF TABLES

Table 1.              Brazil Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 2.              Brazil Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)

Table 3.              Argentina Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 4.              Argentina Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)

Table 5.              Rest of SAM Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 6.              Rest of SAM Fiber Optic Sensor Market, Revenue and Forecast to 2028 – By Vertical (US$ million)

Table 7.              Glossary of Terms, South and Central America Fiber optic sensor Market

 


LIST OF FIGURES

Figure 1.            South and Central America Fiber Optic Sensor Market Segmentation

Figure 2.            South and Central America Fiber Optic Sensor Market Overview

Figure 3.            Oil & Gas Segment Held Largest Share of Vertical of South and Central America Fiber Optic Sensor Market

Figure 4.            South and Central America Fiber optic sensor Market – Leading Country Markets (US$ Million)

Figure 5.            South and Central America PEST Analysis

Figure 6.            Fiber Optic Sensor Market- Ecosystem Analysis

Figure 7.            South and Central America Fiber Optic Sensor Market Impact Analysis of Drivers and Restraints

Figure 8.            South and Central America Fiber Optic Sensor Market – Revenue Forecast And Analysis – 2020- 2028

Figure 9.            Fiber Optic Sensor Market Revenue Share, By Vertical (2020 and 2028)

Figure 10.          Oil & Gas: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 11.          Manufacturing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 12.          Infrastructure: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 13.          Power and Utilities: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 14.          Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 15.          Fiber Optic Sensor Market Revenue Share, By Application (2020 and 2028)

Figure 16.          Temperature Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 17.          Pressure Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 18.          Acoustic Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 19.          Strain Sensing: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 20.          Others: Fiber Optic Sensor Market Revenue and Forecast to 2028 (US$ million)

Figure 21.          South and Central America: Fiber optic sensor Market, by Key Country – Revenue (2021) (USD Million)

Figure 22.          South and Central America Fiber optic sensor Market Revenue and Forecasts to 2028, By Country (%)

Figure 23.          Brazil Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)

Figure 24.          Argentina Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)

Figure 25.          Rest of SAM Fiber Optic Sensor Market, Revenue and Forecast to 2028 (US$ million)

Figure 26.          Impact of COVID-19 Pandemic on South and Central America Fiber optic sensor Market

  1. Omnisens SA
  2. Solifos AG
  3. Baumer Holding AG
  4. Keyence Corporation
  5. OMRON Corporation
  6. Luna Innovations Inc.
  7. SICK AG
  8. Yokogawa Electric Corporation
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  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the South and Central America fiber optic sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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