Growth Accelerated by Increased Digitalization in Critical Infrastructure Sectors
Distributed fiber optic sensors are optical-based sensors capable of real-time monitoring of temperature, pressure, vibration, acoustic waves, and strain over extended distances with high spatial resolution. They find applications in oil & gas, power and utility, safety and security, civil engineering, and health sectors for monitoring of pipelines, power cables, structures, perimeters, and humans. Their ability to make networks of many sensing points along an optical fiber with no need for wires between sensors allows monitoring of critical infrastructure over long distances.
The global Distributed Fiber Optic Sensor Market is estimated to be valued at
US$ 3237.27 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted
in a new report published by Coherent Market Insights.
Market key trends:
Increased digitalization initiatives in critical infrastructure sectors
such as oil & gas, power, and utilities have been a key trend driving the
demand for distributed fiber optic sensors. These industries are increasingly
adopting optical-based monitoring solutions for real-time data collection to
optimize operations and infrastructure maintenance. Distributed fiber optic
sensors allow highly accurate detection of risks and issues over hundreds of
meters to kilometers of distance through a single fiber. This helps avoid
costly downtime and safety issues associated with aging critical assets. The
technology is also finding increasing adoption in smart civil engineering
structures like bridges, tunnels for structural health monitoring applications.
Segment Analysis
The global
distributed fiber optic sensor market size is dominated by the
Temperature segment. Temperature sensors hold the largest market share as they
are extensively used across various industries including oil & gas, power
and utilities, mining, and others. The ability of temperature sensors to
accurately measure temperature over long distances makes them a preferred
choice for monitoring pipelines, power cables, and machineries.
Key Takeaways
The global distributed fiber optic sensor market is expected to witness
high growth during the forecast period of 2023 to 2030.
Regional analysis
North America region currently dominates the global market and is expected
to maintain its leading position during the forecast period as well. High
acceptance of advanced distributed fiber optic sensing technologies across
industries such as oil & gas, power and utilities is driving the regional
market growth. Comprehensive fiber optic network and high penetration of IoT
solutions further support the market expansion. Asia Pacific region is projected
to emerge as the fastest growing regional market owing to increasing
investments in communication infrastructures and development of smart cities.
Key players
Key players operating in the distributed fiber optic sensor market are
STMicroelectronics NV, Bosch Sensortec GmbH, ABB Group, Siemens AG, OMRON
Corporation, Texas Instrumental Incorporated, Drägerwerk AG & Co. KGaA,
Samsung Electronics Co Ltd, International Sensor Technology, DENSO Corporation,
NXF Semiconductors and Honeywell International Inc.
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more insights on this topic: https://www.newsstatix.com/distributed-fiber-optic-sensor-market-share-and-opportunity-analysis-2023-2030/
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