Distributed Fiber Optic Sensor Market to Witness the Highest Growth Globally in Coming Years

Posted on 2019-07-24 by P&S Intelligence in Semiconductors, Technology, Telecommunications // 0 Comments

The global distributed fiber optic sensor market is projected to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during 2017 – 2023. The global distributed fiber optic sensor market is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period.

Based on application, distributed fiber optic sensor market can be classified into temperature sensing, acoustic sensing, strain sensing, pressure sensing and others. Temperature sensing application segment is likely to spearhead the application category with maximum revenue contribution.

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Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. These sensors substitute integration of thousands of sensors with single optical fiber system.

As per the findings of research, oil and gas has been the largest user of distributed fiber optic sensors. In oil and gas applications, these sensors are being used for specific monitoring of well-temperature and for obtaining an authentic picture of physical parameters of wellbore.

Geographically, North America has been the largest market for distributed fiber optic sensors. The oil and gas industry contributed largest revenue to the distributed fiber optic sensor market in the region. The U.S. is considered as the largest petroleum consumer across the globe and it is also producing oil faster than other countries in the world.

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The key players in the distributed fiber optic sensor market include Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International plc, QinetiQ Group plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver, OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL, and Ziebel AS.

GLOBAL DISTRIBUTED FIBER OPTIC SENSOR MARKET
By Scattering Process

Rayleigh Scattering Effect
Raman Scattering Effect
Interferometric Distributed Optical-Fiber Sensor
Distributed Fiber Bragg Grating Sensor
Brillouin Scattering Effect

By Operating Principle

Optical Time Domain Reflectometry (OTDR)
Optical Frequency Domain Reflectometry (OFDR)
Optical Low Coherence Reflectometry (OLCR)

By Fiber Type

Multi-mode Fiber
Single Mode Fiber

By Vertical

Oil & Gas
Energy and Utility
Military
Civil Engineering
Others

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