LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global distributed fiber optic sensing market is expected to grow at a CAGR of close to 9% during the forecast period.
This research report titled ‘Global Distributed Fiber Optic Sensing Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market research analysis categorizes the global distributed fiber optic sensing market into five major end-user segments, of which the top three are discussed in detail below. They are:
- Oil & gas
- Industrial
- Civil engineering
- Safety & security
- Power & utility
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Oil & gas segment
The oil & gas segment includes the sales of distributed fiber optic sensing systems to the owners of oil and gas firms, to monitor and track their fields and pipelines. As per industry experts, the use of effective monitoring applications, which are integrated with distributed fiber optic sensing, can improve the efficiency of oil and gas production and transportation systems. Therefore, it is estimated that the adoption of these monitoring systems will grow during the forecast period, which will fuel the demand for distributed fiber optic sensing.
According to Jujhar Singh, a lead analyst at Technavio for sensors research, “Distributed fiber optic sensing is an ideal alternative to conventional sensing methods, as fiber optic sensing can measure temperatures and strain at different locations, through a single fiber using the multiplexing technology. This will increase the demand for fiber optic sensing for monitoring pipelines, oil wells, and coiled tubes for cracks.”
Industrial segment
The industrial segment which includes the food and beverage, automotive, and manufacturing sectors is one of the rapidly growing segments in the global distributed fiber optic sensing market. The strain measuring capability of fiber optic sensors increases their use in developing equipment across several manufacturing industries such as chemicals & plastics, automotive, electricals & electronics, metals, and machinery.
Also, the increasing focus on process automation in the manufacturing industry will increase the demand for industrial robotics. This will indirectly trigger the demand for distributed fiber optic sensing as these robots are integrated with distributed fiber optic sensors, for monitoring and measuring various surrounding conditions.
Civil engineering segment
The civil engineering segment includes construction and infrastructure firms which use the distributed fiber optic sensing equipment to monitor and track the health of concrete systems and to ensure the deployment of an effective architecture. Distributed fiber optics are affordable and easy to use compared with their counterparts such as standalone temperature sensors and pressure sensors.
“The increased urbanization in the developing countries, such as Brazil, China, and India, has led to the construction of many dams, bridges, and other civil infrastructure projects. Distributed fiber optic sensing can also be used to monitor and prevent issues such as rockfall, landslip, and tunnel and bridge collapse,” says Jujhar.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Halliburton
- Schlumberger
- Yokogawa Electric
- Ziebel
Browse Related Reports:
- Global Intruder Detection Devices Market 2017-2021
- Global Proximity Sensor Market 2017-2021
- Global CMOS Image Sensor Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
