DISTRIBUTED FIBER OPTIC SENSOR MARKET ANALYSIS
Distributed Fiber Optic Sensor Market, by Technology (Rayleigh Scattering Based Distributed Sensor, Brillouin Scattering Based Sensor, Raman Scattering Based Sensor, Interferometric Distributed Optical-Fiber Sensor, and Distributed Fiber Bragg Grating Sensor), by Application (Strain Sensing, Temperature Sensing, Acoustic/Vibration Sensing, Pressure Sensing and Others (Moisture Detection)), by Vertical (Oil & Gas, Security, Energy & Utility, Transportation Infrastructure, Industrial Application and Others (Environment & Geotechnics, Healthcare etc.)) and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Distributed fiber optic sensors refer to the complex integration of distributed sensing technology along the entire length of fiber cable to achieve real-time and continuous measurements. Distributed fiber optics sensors offer the monitoring of wide range of variables such as, acoustic perturbations, temperature, and strain among others. As distributed fiber optics sensors can withstand high temperature and are poor conductor of electricity and resistant to electromagnetic interference, these sensors are mostly used in the region with high voltage electricity. Distributed fiber optics sensors provides an extra advantage over the traditional electronic sensors with light weight, low cost, high band, radio frequency interference immunity (RFI) and electromagnetic interference (EMI).
Hence, prominent key players in this market are focusing on launching new products to gain a competitive edge in this market. For instance, in September 2018, Yokogawa Electric Corporation, Japanese electrical engineering and Software Company, announced the launch of “DTSX1” - fiber optic heat detector, an OpreX Field Instruments heat sensing and fire detection solution. The sensor is a cost-effective all-in-one fire detection and facility management solution.
Market Dynamics
Increase in the global demand for oil and gas, power and utility, safety and security are the major factor driving the growth of the global distributed fiber optic sensor market. Distributed fiber optic sensor have the ability to optimize and operate the resources in the oil and gas industry, as they can monitor the entire length of the pipeline structure. Moreover, growing focus on oil recovery, surge in capital investments for thermal-enhanced oil improvement techniques and emergence of multi-lateral hydraulic fracturing technologies are expected to further augment the growth of global distributed fiber optic sensor market during forecast period.
However, technical difficulties faced during installation and working of distributed fiber optic sensors, high cost of distributed fiber optic sensor and lack of awareness regarding distributed fiber optic sensors are some of the primary factor anticipated to negatively affect the demand of distributed fiber optic sensors during forecast period. In addition, supportive government policies, increasing demand for data-based analysis and increasing safety norms are expected to further augment the growth of global distributed fiber optic sensor market during forecast period.
Market Taxonomy
This report segments the global distributed fiber optic sensor market on the basis of technology, application, and vertical. On the basis of technology, the global distributed fiber optic sensor market is segmented into rayleigh scattering based distributed sensor, brillouin scattering based sensor, raman scattering based sensor, interferometric distributed optical-fiber sensor, and distributed fiber bragg grating sensor. On the basis of application, the global distributed fiber optic sensor market is segmented into strain sensing, temperature sensing, acoustic/vibration sensing, pressure sensing and others (moisture detection). On the basis of vertical, the global distributed fiber optic sensor market is segmented into oil & gas, security, energy & utility, transportation infrastructure, industrial application and others (environment & geotechnics, healthcare etc.) and on the basis of region, the global distributed fiber optic sensor market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Key features of the study:
- This report provides an in-depth analysis of the global distributed fiber optic sensor market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global distributed fiber optic sensor market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies in global distributed fiber optic sensor market includes, Brugg Kabel AG, Omnisens S.A., AFL Global (Subsidiary of Fujikura), OSENSA Innovations Corp., SOLIFOS AG, Sensor Highway Ltd. (Acquired by Schlumberger), FISO Technologies Inc. (Acquired by Roctest), NEC Corporation, Verizon Wireless, Lockheed Martin Corporation, and QinetiQ Group plc. Among others.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global distributed fiber optic sensor market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global distributed fiber optic sensor market.
Detailed Segmentation:
- Global Distributed Fiber Optic Sensor Market, By Technology:
- Rayleigh Scattering Based Distributed Sensor
- Brillouin Scattering Based Distributed Sensor
- Raman Scattering Based Distributed Sensor
- Interferometric Distributed Optical-fiber Sensor
- Distributed fiber Bragg Grating Sensor
- Global Distributed Fiber Optic Sensor Market, By Application:
- Strain Sensing
- Temperature Sensing
- Acoustic/Vibration sensing
- Pressure Sensing
- Others
- Global Distributed Fiber Optic Sensor Market, By Vertical:
- Oil & Gas
- Security
- Energy & Utility
- Transportation Infrastructure
- Industrial Application
- Others (Environment & Geotechnics, Healthcare etc.)
- Global Distributed Fiber Optic Sensor Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Brugg Kabel AG *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Omnisens S.A.
- AFL Global (Subsidiary of Fujikura)
- OSENSA Innovations Corp.
- SOLIFOS AG
- Sensor Highway Ltd. (Acquired by Schlumberger)
- FISO Technologies Inc. (Acquired by Roctest)
- NEC Corporation
- Verizon Wireless
- Lockheed Martin Corporation
- QinetiQ Group plc.
*Browse all the market data tables and figures on “Global Distributed Fiber Optic Sensor Market - Forecast to 2027”
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