Distributed Fibre Optic Sensor Market Estimated to Register a CAGR of 10.4 Per Cent Between 2016-2026: FMI

- Advertisement -

The unique qualities and attributes of distributed fibre optic sensors are also driving worldwide demand and hence fuelling the growth of the global distributed fibre optic sensor market.

Image for representational purpose only

Future Market Insights delivers key insights on the global distributed fibre optic sensor market in a new report titled “Distributed Fibre Optic Sensor Market: Global Industry Analysis & Opportunity Assessment 2016-2026”. The global distributed fibre optic sensor market was valued at US$ 1.1 Bn in 2015 and is expected to register a CAGR of 10.4 per cent from 2016 to 2026.

According to Future Market Insights, increasing adoption in the oil and gas industry and increasing investment in infrastructure are major factors driving the growth of the global distributed fibre optic sensor market. Additionally, government initiatives to deploy fibre optic sensors in various construction projects is propelling the growth of the global distributed fibre optic sensor market. The unique qualities and attributes of distributed fibre optic sensors are also driving worldwide demand and hence fuelling the growth of the global distributed fibre optic sensor market. Public awareness and industrial modernisation is further driving the growth of the global distributed fibre optic sensor market.

- Advertisement -

“The high-cost factor associated with distributed fibre optic sensors and slow economic development of some of the major markets spread across APEJ and MEA might hinder the future growth of the global distributed fibre optic sensor market.” — Analyst, Future Market Insights.

Segmentation highlights
The global distributed fibre optic sensor market is segmented on the basis of Technology (Rayleigh Scattering Based Distributed Sensor, Brillouin Scattering Based Sensor, Raman Scattering Based Sensor, Interferometric Distributed Optical-Fibre Sensor, Distributed Fibre Bragg Grating Sensor); Application (Strain Sensing, Temperature Sensing, Acoustic/Vibration Sensing, Pressure Sensing, Others (Moisture Detection)); and Vertical (Oil & Gas, Security, Energy & Utility, Transportation Infrastructure, Industrial Application, Others (Environment & Geotechnics, Healthcare, etc.)).

  • The Raman Scattering Based Sensor technology segment accounted for 33.3 per cent market share of the global distributed fibre optic sensor market in 2015. The Rayleigh Scattering Based Distributed Sensor segment is anticipated to register a CAGR of 12.1 per cent during the forecast period
  • The temperature sensing application segment accounted for the highest market share in 2015 and was valued at US$ 518.2 million in 2015. The acoustic/vibration sensing segment is expected to register a healthy CAGR of 12.2 per cent during the forecast period
  • The oil and gas vertical segment accounted for the highest market share in 2015, occupying 60.9 per cent share of the global distributed fibre optic sensor market in 2015

Regional market projections
The global distributed fibre optic sensor market is segmented into the seven key regions of North America, Latin America, Middle East & Africa, Asia Pacific Excluding Japan (APEJ), Western Europe, Eastern Europe, and Japan. The North America market is estimated to account for the largest market share of 30.9 per cent of the global distributed fibre optic sensor market in 2016 and is anticipated to continue its dominance throughout the forecast period. The distributed fibre optic sensor market in North America was valued at US$ 342.1 million in 2015 and is expected to remain dominant in terms of revenue throughout the forecast period. The APEJ market is projected to register high Y-o-Y growth rates throughout the forecast period.

Vendor insights
The global distributed fibre optic sensor market report profiles some of the key market players operating in the global distributed fibre optic sensor market. FISO Technologies Inc., Brugg Kabel AG, OSENSA Innovations Corp., Sensor Highway Ltd., Omnisens S.A., AFL Global, Lockheed Martin Corporation, and QinetiQ Group plc. are some of the top companies profiled in the global distributed fibre optic sensor market report. These companies are adopting innovative approaches to product development and are focussing on continuous operational expansion across the globe through partnerships and acquisitions.

- Advertisement -

Most Popular Articles

EV Growth-India

Commercial EV Sales Escalates To 76% In India

0
Commercial EV Sales Reached 861 units in September 2024 as compared to 489 units in September 2023. Recent data indicates a 9 percent year-on-year decline...

IESA Hosts EV Fast Charging Summit, Urges More Investment

0
As the Indian electric vehicle (EV) industry surpasses 4 million sales, industry specialists are advocating for public-private collaborations to boost EV adoption further and...

MeitY Launches Electronic Toy Hackathon To Boost Innovation

0
While celebrating the graduation of 15 engineers trained under its programme, MeitY launched the Electronic Toy Hackathon to innovate and build India’s future electronic...

Motul India And Zypp Electric Start EV Repair Training For Mechanics

0
The initiative seeks to educate more than 10,000 mechanics on skills for maintaining and repairing electric vehicles. Automotive lubricant maker Motul India has partnered with...
Defence tech-India Israel

Israel Unveils New Initiative IAI Neusphere For Deeper Defence Tech Ties With India

0
IAI has been actively involved in India across various domains, including advanced radars and airborne warning and control systems for the Indian Air Force. Israel...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...
Abhishek Malik, Executive Director, Calcom Vision Ltd

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

Learn From Leaders

Startups