Fork Sensors Market
Fork Sensor Market Analysis, By Type (Optical, Ultrasonic, Vibrating Tuning), By Application (Manufacturing, Packaging, Labelling, Others), and By Region – Global Market Insights 2023 to 2033
Analysis of Fork Sensors Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fork Sensor Market Growth Outlook (2023 to 2033)
The global fork sensor market is valued at US$ 312 million in 2023 and is forecasted to climb to US$ 610 million by 2033, rising at a substantial CAGR of 7% from 2023 to 2033.
Fork sensors are used as electromechanical devices to measure, watch over, and manage forklift truck applications.
The need for forklift safety sensor automation solutions is increasing across several industrial verticals as a result of an increase in global manufacturing and packaging operations.
Due to increased automation and stricter laws governing food safety and quality, the manufacturing industry will continue to be the leading end user of this technology over the coming years.
Companies in the fork sensors market are expected to benefit from the development of smart sensors and their rising popularity. Fork sensors are predicted to increase in popularity in the manufacturing sector due to their high production efficiency and precision, as well as their growing acceptance in the food & beverage and healthcare sectors. With fork sensors becoming more and more common, numerous R&D investments are being made to enhance current systems.
An automated technique called packing and labeling is used to place products in a container and then add the relevant information on the label. This information aids in identifying the product, its components, its expiration date, etc., enhancing safety standards and lowering human error during manual tasks.
Fork type sensors are used to limit the speed or distance that forklift trucks can travel while attached to loaders. Their use is expanding rapidly since they not only perform well but also help lower workplace hazards caused by automation equipment used in warehouses.
In beam photoelectric technology, fork sensors are used to detect items moving through slots. Increasing use and popularity of fork sensor technology with the Internet of Things is a key driver fueling market growth. The utilization of cutting-edge smart sensors will also drive market growth to some extent.
- According to a news release from the Consumer Technology Association from January 2020, more than 69% of all American households have at least one smart home technology product, and 18% of those households have at least two.
| Report Attributes | Details |
|---|---|
| Fork Sensors Market Size in 2022 | US$ 292.3 Million |
| Estimated Market Value (2023) | US$ 312 Million |
| Projected Market Value (2033) | US$ 610 Million |
| Global Market Growth Rate (2023 to 2033) | 7% CAGR |
| Market Growth Rate of Optical Fork Sensors (2023 to 2033) | 7.7% |
| Key Companies Profiled | Schneider Electric SE; Omron Corporation; Rockwell Automation, Inc.; Omega Engineering, Inc.; IFM Electronic GmbH; Balluff GmbH; Leuze Electronic GmbH + Co.; Photons Control India Pvt., Ltd. |
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Why is the Use of Fork Sensors Increasing at a Fast Pace?
“Packaging Industry Exhibiting High Demand for Fork Sensors”
The market for fork sensors has been witnessing a constant increase due to rising demand from packaging industries attributed to its expanding revenue across different application sectors.
Also, the consumption of packaged goods has increased as a result of changing consumer lifestyles, which raises the need for automatic labeling machines that can accurately apply labels to containers at high speeds while also providing effective process control.
Moreover, fork sensor-based solutions are growing in popularity in manufacturing applications while significant focus is being given to R&D investments to improve present sensors-based services.
“Technological Advancements in Smart Sensors with Rising Number of Smart Cities”
The market for fork sensors is anticipated to gain from the increased integration of smart sensors to generate data for data analytics for applications related to smart cities.
To satisfy the market's future demands, numerous well-known fork sensor vendors are also integrating smart sensors into their current sensor-based services. With the expansion of IoT innovation, it is anticipated that the demand for fork sensors is set to increase rapidly over the coming years.
What’s Restraining Demand Growth for Fork Sensors?
“High Cost and Restricted Battery Life to Impede Market Growth”
Due to the high cost of sensors, expensive components, and batteries, the implementation of smart sensors has been restricted. Owing to wireless sensor network energy consumption, these batteries have a shorter lifespan and are depleted more quickly.
Due to the energy needs of sensors and wireless links and inadequate radio range, the usage of these technologies is being hampered to some extent. The integration of sensing technologies with networks or signal processing intelligence leads to higher implementation costs, thereby acting as a restraint to market expansion.
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Country-wise Insights
What Makes Germany an Attractive Market for Fork Sensor Manufacturers?
“Presence of Prominent Business Players in the Country”
Europe is anticipated to account for a sizable portion of the fork sensors market throughout the forecast period. The market for fork sensors is booming and has a lot of well-known prominent players present in the region, especially in Germany. Fork sensors are used as a safety device that lowers casualties suffered by workers when operating machines manually without support from automation devices.
The market in Germany is projected to grow at a healthy CAGR of 6.5%. Over the next few years, demand for fork sensors is anticipated to increase significantly in Europe due to the expansion of manufacturing industry operations, both within and outside national borders.
Why is China Leading the Asia Pacific Market for Fork Sensors?
“Rapid Expansion of Manufacturing Industries in China”
It is anticipated that the Asia Pacific would account for a sizable portion of the worldwide fork sensors market. Consumer electronics such as game consoles, cleaning robots, and cell phones all incorporate ultrasonic sensors. Furthermore, the country’s burgeoning consumer electronics sector bodes well for the expansion of the local market. Also, several regional businesses such as TDK Corporation and Murata Manufacturing Co., Ltd. have received government financing for the creation of ultrasonic sensors.
Being the global manufacturing hub for several industries, China's manufacturing industry has experienced tremendous expansion. It is a market leader in the development of smart sensors for the packaging, manufacturing, and pharmaceutical sectors.
What Makes North America a Prominent Market for Fork Sensors?
“Rising Manufacturing Activities across the Region”
The growth of this market will be driven by an increase in the demand for forklift trucks equipped with automation solutions, such as efficient performance and safety features offered by automated devices like fork sensors, along with an increase in manufacturing activities across various end-use industries in North America.
One of the main manufacturing sectors for smart sensors is present in the country. Sales of fork sensors in the United States have a lot of potential in the coming years due to advancements in safety standards, technologies, and strict government regulations.
- Around 21% of American adults, according to a Pew Research Center report from January 2020, regularly wear smartwatches or wearable fitness trackers.
As a result, market players are introducing technically sophisticated products with optical sensor technology to meet the growing demand for wearable healthcare devices.
Category-wise Insights
Why are Optical Fork Sensors Gaining Immense Popularity?
“Cost-effectiveness and High Precision Offered by Laser-based Optical Sensors”
Due to the great cost-effectiveness offered by LED-based optical fork sensors, such as red and infrared light-based fork sensors, and the high precision offered by laser-based optical fork sensors, the growth of the optical fork sensors market is noticeably strong. Also, due to a variety of applications, top fork sensor manufacturers such as Sick AG, Omron Corporation, and Leuze Electronic GmbH are concentrating on optical fork sensors.
What are the Major Applications of Fork Sensors?
“Increasing Applications in Manufacturing Sector”
The end-use sectors of the global market for fork sensors include manufacturing, packaging, labeling, and others. Due to the rising adoption of fork sensor technology in well-known industrial technologies such as IoT and industry 4.0, the market revenue of manufacturing units is expected to increase significantly.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
To remain ahead of the competition, fork sensor producers worldwide are attempting to integrate innovative technology. Leading manufacturers are emphasizing novel solutions, improving safety and comfort, and being creative with their products. Participants in the market are turning to strategic partnerships, product launches, collaboration agreements, capacity growth, and other similar strategies.
- Elliptic Labs, a leader in virtual smart sensors and a leading provider of AI software, announced in February 2022 that its AI virtual proximity sensor INNER BEAUTY would be available on Xiaomi's Redmi K50 Gaming smartphone. Without a specific hardware sensor, Elliptic Labs' AI Virtual Proximity Sensor provides reliable proximity detection. The AI Virtual Proximity Sensor replaces hardware sensors with software sensors to save device costs and eliminate sourcing risk.
- In the Balkan country of North Macedonia, Baumer inaugurated a new production facility in October 2019. The plant was built to facilitate prompt deliveries to clients throughout Europe to some of the leading manufacturers of ultrasonic sensors.
- In April 2021, the Dresden-based Fraunhofer Institute for Photonic Microsystems IPMS created strong, trustworthy, and adaptable ultrasonic sensors. The Micromachined Ultrasonic Transducers' small size makes it possible to create sensor systems that are exceptionally compact, multipurpose, ecologically friendly, and energy-efficient.
It is anticipated that such activities by various businesses and organizations will help boost the demand for ultrasonic fork sensors.
Fork Sensors Industry Research Segmentation
-
By Type :
- Optical
- Ultrasonic
- Vibrating Tuning
-
By End Use :
- Manufacturing
- Packaging
- Labeling
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type
- 9.1. Optical
- 9.2. Ultrasonic
- 9.3. Vibrating Tuning
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End Use
- 10.1. Manufacturing
- 10.2. Packaging
- 10.3. Labeling
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Schneider Electric SE
- 21.2. Omron Corporation
- 21.3. Rockwell Automation, Inc.
- 21.4. Omega Engineering, Inc.
- 21.5. IFM Electronic GmbH
- 21.6. Balluff GmbH
- 21.7. Leuze Electronic GmbH + Co.
- 21.8. Photons Control India Pvt., Ltd.
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By End Use, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Type, 2023 (E)
Figure 18: North America Market Value Share, By End Use, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Type, 2023 (E)
Figure 26: Latin America Market Value Share, By End Use, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Type, 2023 (E)
Figure 34: Europe Market Value Share, By End Use, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Type, 2023 (E)
Figure 42: South Asia Market Value Share, By End Use, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Type, 2023 (E)
Figure 50: East Asia Market Value Share, By End Use, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Type, 2023 (E)
Figure 58: Oceania Market Value Share, By End Use, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By End Use, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Type, 2023 (E)
Figure 78: Canada Market Value Share, By End Use, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Type, 2023 (E)
Figure 81: Mexico Market Value Share, By End Use, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Type, 2023 (E)
Figure 84: Brazil Market Value Share, By End Use, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By End Use, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Type, 2023 (E)
Figure 90: Germany Market Value Share, By End Use, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Type, 2023 (E)
Figure 93: France Market Value Share, By End Use, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Type, 2023 (E)
Figure 96: Italy Market Value Share, By End Use, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Type, 2023 (E)
Figure 99: Spain Market Value Share, By End Use, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Type, 2023 (E)
Figure 102: Russia Market Value Share, By End Use, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Type, 2023 (E)
Figure 105: China Market Value Share, By End Use, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Type, 2023 (E)
Figure 108: Japan Market Value Share, By End Use, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Type, 2023 (E)
Figure 111: South Korea Market Value Share, By End Use, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Type, 2023 (E)
Figure 114: India Market Value Share, By End Use, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Type, 2023 (E)
Figure 120: Australia Market Value Share, By End Use, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Type, 2023 (E)
Figure 129: Turkey Market Value Share, By End Use, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Type, 2023 (E)
Figure 132: South Africa Market Value Share, By End Use, 2023 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size of fork sensors?
The global fork sensors market is valued at US$ 312 million in 2023.
What is the expected CAGR of the market during the forecast period?
Global demand for fork sensors is expected to surge at a CAGR of 7% from 2023 to 2033.
What is the estimated market size for fork sensors by 2033?
The market for fork sensors is anticipated to reach US$ 610 million by 2033.
Which type of fork sensors are expected to remain the most popular?
Optical, ultrasonic, and vibrating tuning fork sensors are the most used in the industry.
Who are the key manufacturers of fork sensors?
Schneider Electric SE, Omron Corporation, Rockwell Automation, Inc., Omega Engineering, Inc., IFM Electronic GmbH, Balluff GmbH, Leuze Electronic GmbH + Co., and Photons Control India Pvt., Ltd. are key companies in the fork sensors market.
Fork Sensors Market