NEWARK, Del, Oct. 25, 2022 (GLOBE NEWSWIRE) -- NEWARK, Del: The global distributed fiber optic sensors market is anticipated to reach a valuation of US$ 2869.5 Mn by 2032, with the market growing at a robust CAGR of 8.3% from 2022 to 2032. Valued at US$ 1175.7 Mn in 2021, the target market will likely reach US$ 1291.9 Mn in 2022. The rising need to perform efficient sensing operations in different industry verticals will propel the demand for distributed fiber optic sensors.
With the help of distributed fiber optic sensors (DOFSs), industries can monitor a wide range of parameters like temperature, tension, acoustic disturbances, and many others. These sensors are far superior as they can simultaneously and spatially determine measurements along the whole length of the sensing fiber. Thus, distributed fiber optic sensors are gaining traction in the monitoring of seismic activity in geophysical science, perimeter security monitoring, borehole & well monitoring in the oil & gas sector, and structural health monitoring in civil engineering.
Request a Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-623
Again, many businesses across the globe are investing in the latest technologies and aiming to increase their research & development (R&D) activities owing to the high functionality of distributed fiber optic sensors (DFOS). Consequently, new products with improved features are created, providing businesses with the potential to increase their market share. Moreover, the expensive deployment and installation of DFOS systems encourage businesses to produce more dependable, competitively-priced optic inspection products. All of these considerations are likely to fuel the growth of the distributed fiber optic sensor market during the projected period.
“Pressing need for the optimization of the production process in various industry verticals will propel the market growth of the distributed fiber optic sensors over the forecast period,” says an FMI analyst.
Key Takeaways:
- Probable negligence during the installation process may hamper the market prospects.
- The distributed fiber optic sensor market will account for 25% of the global fiber optics market.
- India’s distributed fiber optic sensor market will grow at a CAGR of 15.7%.
- Well-established aerospace, medical, and energy sector will drive the target market growth in the United States.
- Distributed fiber sensing technology will gain momentum in the energy industry in Germany.
- By type, the fiber optic acoustic sensors will gain traction over the projected period.
- In terms of application, the leakage detection segment will grow at a 12.8% CAGR.
Browse Full Report @ https://www.futuremarketinsights.com/reports/distributed-fiber-optic-sensors-market
Competitive Landscape
Omnisens SA, Sensuron, Silixa Ltd., OFS Optics, QinetiQ Group plc (OptaSense), VIAVI Sensor Types Inc., AP Sensing, LuxPoint Inc., Luna Innovations Incorporated, Ziebel AS, Bandweaver, FISO Technologies Inc., Schlumberger, Yokogawa Electric Corporation, and Halliburton among others are some of the major players in the distributed fiber optic sensors market profiled in the full version of the report.
Key market players are focusing on releasing innovative products with upgraded features. These organizations are also employing tactics like joint ventures, alliances, mergers, and acquisitions.
Distributed Fiber Optic Sensor Outlook By Category
By Sensor Type:
- Distributed Temperature Sensors
- Distributed Acoustic Sensors
- Distributed Pressure Sensors
- Distributed Strain Sensors
- Others
By Application:
- Condition Monitoring
- Intrusion Detection
- Power Monitoring
- Leak Detection
- Others
By Industry:
- Oil & Gas
- Civil Infrastructures
- Industrial
- Power & Utilities
- Military & Border Security
- Transportation
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-623
More Insights into Distributed Fiber Optic Sensors Market Report
In its latest report, FMI offers an unbiased analysis of the global distributed fiber optic sensors market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of sensor type (distributed temperature sensors, distributed acoustic sensors, distributed pressure sensors, distributed strain sensors, others), application (condition monitoring, intrusion detection, power monitoring, leak detection, others), industry (oil & gas, civil infrastructures, industrial, power & utilities, military & border security, transportation, others), and region.
According to the latest FMI reports, based on segmentation, the oil and gas industry is expected to make a significant contribution during 2022-2032. This segment held around 17.1% of the overall market share in 2021 and will likely continue this growth streak during the forecast period. In terms of application, the leak detection segment will exhibit a CAGR of 12.8% while the distributed acoustic sensor type will expand at a CAGR of 12.6% during the forecast period.
Based on region, the distributed fiber optic sensors market in India will demonstrate considerable growth owing to the use of fiber optic acoustic sensors by the Indian army for border security applications. The sales of the target market in this country will grow at a CAGR of 15.7% during 2022-2032. The United States and Germany are two of the other countries that will present impressive growth over the forecast period.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
Buy Now@ https://www.futuremarketinsights.com/checkout/623
Have a Look at Trending Reports of Technology Domain
North America Temperature Sensor Market Share: A temperature sensor is a device that collects the concerning temperature data and displays in a human-understandable format. Temperature sensing is the most controlled and measurable factor behind any critical application.
3D Sensor Market Size: Demand in the global 3D sensor market is anticipated to total US$ 2.5 Billion in 2022. The overall market is forecast to grow at a prolific CAGR of over 26.0% to reach around US$ 9.0 Billion by 2032.
Passive Infrared Sensor Market Trends: The global sales of passive infrared sensors are projected to grow at a prolific CAGR of around 15% between 2022 and 2032, totaling a valuation of around US$ 1.3 Billion by 2032.
Optical Sensor Market Outlook: The global optical sensor market size reached over US$ 19.6 Billion in 2021. However, with increase in demand of optical sensors for wide range of applications, the overall sales are projected to rise at a robust CAGR of around 9.5% from 2022 to 2032.
Smart Sensor Market Demand: Growing adoption of smart sensors across diverse end-use verticals such as consumer electronics, automotive, security & defense and healthcare, the overall sales of smart sensors are projected to rise at a prolific CAGR of around 19.2% between 2022 and 2032, totaling a valuation of over US$ 88 Billion by 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
