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Distributed Fiber Optic Sensor Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 01:59 AM, 11th October, 2017 REP-ID-170 Category: ICT & Electronics

Global Distributed fiber Optic Sensor Market Overview

Distributed fiber optics sensors offer the monitoring of wide range of variables such as temperature, strain, acoustic perturbations, and others. The fiber optic sensor is initially designed to analyze the status and performance of optical fiber networks which are used for the transmission of voice and data signals. These sensors are generally used in the region of high voltage electricity as they are poor conductor of electricity and resistant to electromagnetic interference. Apart from this, distributed fibre optic sensors are also designed to withstand high temperature as well. Due to these unique features they can be deployed to the high electromagnetic interference zone where electronic sensors cannot operate such as jet fuel, oil and gas tank and others. Fiber optics sensors provide an extra edge over conventional electronic sensors with low cost, high bandwidth, light weight and electromagnetic interference (EMI) and radio frequency interference immunity (RFI).

                             Distributed Fiber Optic Sensor Market Demand & Revenue opportunity

Market Size & Forecast

With developing new technologies in emerging economies, rapid urbanization and increasing housing and security investments, the market is estimated to project a promising CAGR of 9.2% over the period of forecast i.e. 2016-2023. In terms of revenue, North-America region dominated the distributed fiber optic sensors market followed by Asia-Pacific in the year 2015. The expansion of market in this region is attributed to the high adoption rate of fiber optic sensors in the manufacturing industry and the availability of huge reserves resulting in increased drilling activities. By end-use industry, oil and gas accounted for 30% share to the global distributed fiber optics sensor market in 2015, however increasing demand for distributed fibre optics from oil and gas industry will further expand the market growth over the forecast period i.e. 2016-2023.

Fiber optics sensors have a wide range of application in energy, defence, industries, transportation, and security systems. Oil and Gas market is fuelling the demand for distributed fiber optics sensors by opening an entire new business for fiber optics sensors market. The fiber optic sensors capability of higher tolerance for harsh conditions such as high temperature is expected to be the key factor for its wide application in the upcoming 5-6 years.

Market Segmentation

By Product

Global distributed fiber optic sensor market by product is segmented into following categories:-

  • Intrinsic Fiber Optic Sensors
  • Extrinsic Fiber Optic Sensors

By Technology

Based on technology, the global distributed fiber optic sensors market is segmented into:

  • Brillouin Scattering
  • Raman Scattering
  • Rayleigh Scattering
  • Fiber Bragg Gratings (FBG)

By End Use Industry

Due to high tolerance and resistance to electricity and temperature, fiber optic sensors have wide range of application in following end-use-industry:-

  • Oil and Gas
  • Pipelines
  • Geothermal
  • Manufacturing
  • Infrastructure
  • Wind Energy Turbines
  • Security Systems
  •  Others

By Region

Global Distributed fiber Optic Sensor market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa

Growth Drivers and Challenges

Increasing investment in the infrastructure, growth in the manufacturing industry and increasing use of fiber optic sensors in smart wells are some of the key factors driving the growth of the global distributed fiber optic sensors market.

The increase in consumption of oil and gas with declining production of conventional oil reserves have influenced vendors and governments to indulge in exploration and drilling activities, therefore, leading to greater demand for fiber optic sensors in this industry.

It has been observed that distributed fiber optics sensors are replacing the electronic sensors due to the edge of higher tolerance where an electronic sensor fails; this will further expand the market growth of distributed fiber optic sensors across the globe.

Apart from this, price instability in oil industry and strict environmental regulations are some of the factors restraining the growth of the global distributed fiber optic sensors market.

Key Players

  • QinetiQ Group plc
  • Northrop Grumman Corporation
  • Baker Hughes, Inc.
  • CGG
  • Future Fiber Technologies Ltd.
  • Magal S3
  • Fotech Solutions Ltd.
  • LIOS Technology GmbH 
  • Weatherford International
  • Tendeka Group

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Technology Market Size & Y-O-Y Growth Analysis
  • By End-Use-Industry Market Size & Y-O-Y Growth Analysis

By Regions

Global Distributed fiber Optic Sensor has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

               Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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