Future Market Insights provides important insights into the global Distributed Fiber Optic Sensor Market with a new report entitled “Distributed Fiber Optic Sensor Market: Global Industrial Analysis and Opportunity Assessment 2016-2026” . The global fiber optic sensor market was valued at US $ 1.1 billion in 2015 and is expected to record a CAGR of 10.4% between 2016 and 2026.
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According to Future Market Insights, increased adoption in the oil and gas industry and increased investment in infrastructure are key drivers driving the growth of the global distributed fiber optic sensor market. In addition, the government’s initiative to introduce fiber optic sensors to various construction projects is driving the growth of the global distributed fiber optic sensor market. The unique quality and attributes of distributed fiber optic sensors are also driving global demand and thus driving the growth of the global fiber optic sensor market. Public awareness and industrial modernization are further driving the growth of the global fiber optic sensor market.
“The high cost factors associated with distributed fiber optic sensors and the delay in economic development of several major markets across APEJ and MEA could hinder future growth of the global fiber optic sensor market.” — Analyst, Future Market Insights
The global distributed fiber optic sensor market is segmented based on technology (Rayleigh scattering based distributed sensor, Brillouin scattering based sensor, Raman scattering based sensor, interfering distributed fiber optic sensor, distributed fiber bragg grating). sensor). Applications (strain detection, temperature detection, acoustic / vibration detection, pressure detection, etc. (moisture detection)); and vertical (oil and gas, security, energy and utilities, transportation infrastructure, industrial applications, etc. (environmental and geotechnical engineering) , Healthcare, etc.)).
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- The Raman scattering-based sensor technology segment accounted for 33.3% of the global fiber optic sensor market in 2015. The Rayleigh scattering-based dispersion sensor segment is expected to register a CAGR of 12.1% during the forecast period.
- The temperature sensing application segment had the highest market share in 2015 and was valued at US $ 518.2 million in 2015. The acoustic / vibration detection segment is expected to record a sound CAGR of 12.2% during the forecast period.
- The oil and gas vertical segment had the highest market share in 2015, with a 60.9% share of the global fiber optic sensor market in 2015.
North America will be the largest market for distributed fiber optic sensors
North America was the largest market for distributed fiber optic sensors in 2015, accounting for 31.1% of the global fiber optic sensor market in 2015. This market is expected to be the most attractive market in terms of profits during the forecast period. The APEJ distributed fiber optic sensor market is expected to record high year-over-year growth throughout the forecast period. APEJ is expected to witness a CAGR value of 12.3% between 2016 and 2026.
Regional market forecast
The global fiber optic sensor market is divided into seven major regions: North America, Latin America, the Middle East and Africa, Asia Pacific (APEJ) excluding Japan, Western Europe, Eastern Europe, and Japan. The North American market is estimated to have the largest market share of 30.9% of the global distributed fiber optic sensor market in 2016 and is expected to continue to dominate throughout the forecast period. The North American distributed fiber optic sensor market was valued at US $ 342.1 million in 2015 and is expected to remain dominant in terms of revenue throughout the forecast period. The APEJ market is expected to register high year-over-year growth rates throughout the forecast period.
The Global Distributed Fiber Optic Sensor Market Report presents some of the key market players active in the global distributed fiber optic sensor market. FISO Technologies Inc., Brugg Kabel AG, OSENSA Innovations Corp., Sensor Highway Ltd., Omnisens SA, AFL Global, Lockheed Martin Corporation, and QinetiQ Group plc. Some of the top companies featured in the Global Distributed Fiber Optic Sensor Market Report. These companies take an innovative approach to product development and are focused on continuous business expansion around the world through partnerships and acquisitions.
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Major segments of the distributed fiber optic sensor marketBy technology
- Rayleigh scattering-based dispersion sensor
- Brillouin scattering-based sensor
- Raman scattering based sensor
- Interference distributed optical fiber sensor
- Distributed Fiber Bragg Grating Sensor
- Strain detection
- Temperature detection
- Acoustic / vibration detection
- Pressure detection
- Oil and gas
- Energy and utility
- Transportation infrastructure
- Industrial use
- North American market
- Latin American market
- Japan excluding Asia Pacific
- Western Europe
- Eastern Europe
- Middle East and Africa
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