Distributed Fiber Optic Sensor Market expected to register CAGR of 7.3% from 2022 to 2030

Distributed Fiber Optic Sensor Industry Overview

The global distributed fiber optic sensor market size was valued at USD 1,292.7 million in 2021, and is expected to register a compound annual growth rate (CAGR) of 7.3% from 2022 to 2030. 

The rising need amongst enterprises and corporations to engage in effective sensing operations of their machine systems is offering growth opportunities to the market. The application of optic sensing has increased substantially across the various business sectors, including automotive, aerospace, civil, energy, and others. Other types of sensing technologies, such as Raman Effect-based and Rayleigh’s effect-based sensing, also have distinct operational capabilities.

The high functionality of Distributed Fiber Optic Sensor (DFOS) is encouraging more enterprises to invest in the technology and engage in R&D practices. This results in the development of new products, thereby offering the company the opportunity to capture a larger market share. Corporations aim to optimize their production practices and regulate the efficiency to overtake all other substitutes of fiber optics technology. The high cost of deployment and installation of DFOS products further promotes companies to develop competitively priced optic inspection products that are more reliable.

Gather more insights about the market drivers, restrains and growth of the Global Distributed Fiber Optic Sensor Market

Technologies such as Optical Time Domain Reflectometry (OTDR) and Optical Frequency Domain Reflectometry (OFDR) characterize fiber optics by carrying out a quality inspection of the accuracy, range, and resolution of the key trends observed in the market. The integration of advanced technologies such as Real-Time Thermal Rating (RTTR) and intelligent Distributed Acoustic Sensor (iDAS) technologies are other prominent technological trends. An increasing number of investments to carry out R&D activities to introduce innovative fiber cables and provide reliable connectivity at high speed and the lowest possible price trend in the market 

The virtue of the technology to offer optimum performance in challenging end uses is one of the significant market drivers. Optical fibers enable professionals to monitor and control heavy operations used in pipelines, border security, and civil engineering. The deployment of fiber optic cables offers companies better cost-saving opportunities than metal wires due to their high transmission capacity. The high efficiency and high speed of transmission capabilities in remote and inaccessible places promote corporations to deploy the technology.

Browse through Grand View Research's Sensors & Control Industry Research Reports.

  • Vibration Sensor Market: The global vibration sensor market size was valued at USD 5.32 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. 
  • Fiber Optics Market: The global fiber optics market size was valued at USD 6.5 billion in 2018 and is projected to exhibit a CAGR of 4.6% from 2019 to 2025.

Distributed Fiber Optic Sensor Market Segmentation

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, 2017 - 2030)
    • Temperature Sensing
    • Acoustic/Vibration Sensing
    • Others
  • Distributed Fiber Optic Sensor Technology Outlook (Revenue, USD Million, 2017 - 2030)
    • Rayleigh Effect
    • Brillouin Scattering
    • Raman Effect
    • Interferometric
    • Bragg Grating
  • Distributed Fiber Optic Sensor Vertical Outlook (Revenue, USD Million, 2017 - 2030)
    • Oil and Gas
    • Power and Utility
    • Safety and Security
    • Industrial
    • Civil Engineering
  • Distributed Fiber Optic Sensor Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa (MEA)

Market Share Insights

  • December 2020: Luna Innovations acquired OptaSense to create a fiber optic sensing company, which has enabled Luna Innovations to penetrate the market more effectively.
  • February 2020: OFS Fitel, LLC introduced its new product, the AcoustiSens wideband single-mode vibration sensor fiber designed to improve Distributed Acoustic Sensing (DAS) systems functionality. 

Key Companies profiled:

Some of the prominent players in the distributed fiber optic sensor market include:

  • Halliburton
  • Schlumberger Limited
  • Yokogawa Electric Corporation
  • OFS Fitel, LLC
  • Qinetiq Group PLC
  • Omnisens SA
  • Brugg Kable AG
  • Luna Innovations Incorporated
  • AP Sensing GmbH

 

Order a free sample PDF of the Distributed Fiber Optic Sensor Market Intelligence Study, published by Grand View Research.


About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

 

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