Distributed Fiber Optic Sensor Market

Distributed Fiber Optic Sensor Market Revenue Reach $1.87 Billion | ****** Industry Report Forecast 2025 | Market Research Report

The ****** distributed fiber optic sensor market size is anticipated to reach USD 1.87 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.8% from 2019 to 2025. Factors such as significant demand from the civil engineering vertical and rising adoption in the oil and gas sector are projected to substantially boost the market growth. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, the capability of Distributed Fiber Optic Sensors (DFOS) to work in challenging environment is another factor propelling the growth.

Increasing demand for sophisticated infrastructure coupled with rising per capita income is predicted to lead to industrial automation, urban mobility, and growth in high-end residential projects. Governments from around the world focus on conserving their existing infrastructure and developing new projects. They are under constant pressure to provide the necessary infrastructure, amenities, and connectivity to people. This has enabled increased spending on road, railway, and dam construction projects. This rapid growth in the advanced civil engineering is expected to boost the distributed fiber optic sensor market.

The rapid adoption of DFOS has encouraged investments in R&D activities by manufacturers and suppliers to launch new products. They are also focusing on optimizing their production process and regulating efficiency to curb all other alternatives of the fiber optics technology. Due to the high price of production and installation processes of DFOS products, the manufacturers are developing competitively priced optic inspection products that are more reliable. However, factors such as technological complexities and other challenges incurring in optical inspection process are hampering the market growth.

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Further key findings from the report suggest:

  • Temperature sensing application segment is expected to continue leading in terms of market size over the forecast period. Temperature sensors find application in oil and gas and civil engineering segments
  • Suppliers and manufacturers of fiber optic equipment are looking to achieving higher bandwidth, 100 GBPS, by undertaking intense research activities
  • North America dominated the ****** market in 2018 and is projected to account for the largest market share in terms of revenue in the forthcoming years
  • Growing demand for DFOS equipment can be attributed to the ever-growing demand for efficient and optimized processes, across enterprises and manufacturing sectors
  • Key market participants include Halliburton, Schlumberger Limited, Yokogawa Electric Corporation, OFS Fitel, LLC, Qinetiq Group PLC, Omnisens SA, Brugg Kable AG, Luna Innovations Incorporated, and AP Sensing GmbH

Grand View Research has segmented the #****** #distributed #fiber #optic #sensor #market based on application, #technology, vertical, and region:

Distributed Fiber Optic Sensor Application Outlook (Revenue, USD Million, 2014–2025)

  • Temperature Sensing
  • Acoustic/Vibration Sensing
  • Other

Distributed Fiber Optic Sensor Technology Outlook (Revenue, USD Million, 2014–2025)

  • Rayleigh Effect
  • Brillouin Scattering
  • Raman Effect
  • Interferometric
  • Bragg Grating

Distributed Fiber Optic Sensor Vertical Outlook (Revenue, USD Million, 2014–2025)

  • Oil and Gas
  • Power and Utility
  • Safety and Security
  • Industrial
  • Civil Engineering

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North #America, #Europe or #Asia.

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