Distributed fiber optic sensors provide real-time acquisitions of numerous physical measurements along an optical fiber. They are used for critical infrastructure monitoring such as oil & gas pipelines, power cables, and perimeter security. They offer advantages like high accuracy, chemical inertness, durability, electromagnetic passiveness, anddistributed sensingover long distances.
The global Distributed Fiber Optic Sensor Market is estimated to be valued at US$ 1,313.7 Mn in 2023 and is expected to exhibit a CAGR of 8.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Over the forecast period, demand for distributed fiber optic sensors is expected to grow significantly due to the increasing focus on critical infrastructure monitoring. Factors like sustainability measures, safety regulations, and aging infrastructure are prompting end-users to adopt distributed fiber optic sensors technology and maximize asset utilization. As these sensors help detect small threats and protect assets in remote and harsh locations with minimum human intervention, they are witnessing wider acceptance across industries globally. The technology offers real-time data on temperature changes, vibrations, acoustic waves, and strains over extended surfaces, thereby enabling timely decision making and cost savings for critical infrastructure management.
Segment Analysis
The global distributed fiber optic sensor market is segmented by technology, operating principle, application and geography. The Technology segment is further divided into Rayleigh Effect, Raman Effect, Brillouin Effect. The Raman Effect segment held the largest share in 2023 and is expected to continue its dominance during the forecast period. This is owing to its high accuracy and sensitivity as compared to other technologies.
Key Takeaways
The Global Distributed Fiber Optic Sensor Market Growth is expected to witness high. Regional analysis related content comprises Regional analysis related content: The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This is attributed to rising investments and government initiatives to promote infrastructure development projects in countries like China and India.
Key players related content comprises Key players related content: Key players operating in the distributed fiber optic sensor market are Jenoptik AG, Han’s Laser Technology Co. Ltd., Newport Corporation, nLIGHT Inc., TRUMPH GmbH, ACSYS Lasertechnik Inc., Coherent Inc., IPG Photonics Corporation, II-VI Incorporated.
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