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 shar...