Distributed Fiber Optic Sensors Global Market Report 2023

2023.03.23

Distributed Fiber Optic Sensors Global Market Report 2023


The distributed fiber optic sensor market is expected to grow at a CAGR of 11.1% to USD 1.77 billion by 2027.
The global distributed fiber optic sensor market will grow from USD 1.04 billion in 2022 to USD 1.16 billion in 2023, at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war has undermined  the global economy's from chances of recovery COVID-19 pandemic, at least in the short term.  The war between the two countries has led to economic sanctions in several countries, soaring commodity prices, disrupting supply chains, causing inflation in goods and services, and affecting many markets around the world.  The distributed fiber optic sensor market is expected to grow at a CAGR of 11.1% to USD 1.77 billion by 2027.

The distributed fiber optic sensor market consists of the revenue earned by entities by offering distributed fiber optic sensor solutions that can intelligently monitor various variables such as temperature, strain, and acoustic disturbances, enabling continuous, real-time constant of the monitor Optic cable Measurement.  Market value includes the value of the relevant goods sold by the service provider or included in the supply of the service.

The distributed fiber optic sensors market also includes sales of distributed fiber optic sensors based on Rayleigh, Brillouin, and Raman scattering.  The value in this market is the "factory gate" value, which is the value of the goods that the manufacturer or creator of The goods sell to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to the final customer.

The value of goods in this marketplace includes the associated services sold by the creators of the goods.

Distributed fiber optic sensors are generally used in high-voltage power areas and are designed to withstand high temperatures. These are deployed into high electromagnetic areas where electronic sensors cannot operate under the strain, temperature and acoustic perturbations and performance of fiber optic networks.

North America is the largest region for the distributed fiber optic sensor market in 2022. Asia Pacific is expected to be the fastest growing region during the forecast period.

The regions covered in the Distributed Fiber Optic Sensors market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of distributed fiber optic sensors are single-mode and multimode. The core diameters for singlemode and multimode are 9 microns and 50 microns, respectively.

Technical areas include Brillouin scattering, Raman scattering and Rayleigh scattering. These techniques are used to detect strain, temperature and other influences.

The market is segmented by application, including strain sensing, temperature sensing, acoustic/vibration sensing, pressure sensing, and other applications used by end users such as oil and gas, power and utilities, safety and security, industrial and civil engineering .

Increasing oil and gas consumption is driving the growth of the distributed fiber optic sensors market. Oil and natural gas are products made by vaporizing and cracking petroleum fractions.

The increase in oil and gas consumption can be met by exploration and drilling activities, leading to the demand for fiber optic sensors for these activities. For example, consumption of petroleum products rose by 4.5% to 213.69 million tonnes in 2020, according to the India Brand Equity Foundation, the government's export promotion agency. Hence, increasing consumption of oil and gas is driving the growth of the petroleum products distributed fiber optic sensors market.

Technological advancements are shaping the distributed fiber optic sensors market. Key players in the market are focusing on developing new technologies to lead the market.

For example, in May 2021, Germany-based distributed optical sensing technology company AP Sensing launched its fifth-generation Distributed Acoustic Sensing (DAS) system using acoustic sensing technology. It uses fiber optic cable and acoustic vibrations to detect and locate events such as high voltage power cable failures, pipeline leaks, third party interference (TPI) activity or other anomalous events in real time at distances up to 100 km.

In November 2021, Resonetics, a US-based designer and manufacturer of high-precision fiber optic temperature probes, pressure sensors and signal conditioners, acquired FISO Technologies Inc. from Nova Metrix LLC for an undisclosed sum. With this acquisition, Resonetics will add FISO's revolutionary fiber optic capabilities, giving customers better access to another new technology that has proven effective in multiple clinical applications. FISO Technologies Inc. is a Quebec-based developer and manufacturer of fiber optic sensors and signal conditioners.

The countries covered in the Distributed Fiber Optic Sensors market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.

Market value refers to the revenue a business receives from the sale of goods and/or services through sales, grants, or donations in a specified market and geography, in local currency (US dollars unless otherwise noted).

Geo-specific revenues are consumption values, ie revenues generated by geo-specific organizations within a market, regardless of where they are generated. It excludes revenue from resale along the supply chain, whether further down the supply chain or as part of other products.

Distributed Fiber Optic Sensors Market Research Report is one of a new series of reports that provides statistics on the Distributed Fiber Optic Sensors market, including Distributed Fiber Optic Sensors industry global market size, regional share, competitors with Distributed Fiber Optic shave distributed Sensors market, Distributed Fiber Optic Sensors market segments, market trends and opportunities, and any other data you may need to thrive in the Distributed Fiber Optic Sensors industry.  This Distributed Fiber Optic Sensors Market research report provides a complete perspective of everything you in-deep and an Analysis of the current and future scenarios of the industry.