The global 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.
For full research report on Distributed
Fiber Optic Sensor Market visit here: https://www.grandviewresearch.com/industry-analysis/distributed-fiber-optic-sensor-sensing-dfos-market
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 global 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
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/distributed-fiber-optic-sensor-sensing-dfos-market/request/rs1
Grand
View Research has segmented the global 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
Distributed
Fiber Optic Sensor Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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