Fiber Optic Pressure Sensors Market: Growth & Revenue Opportunities by Top Key Players: FISO TECHNOLOGIES, NXP SEMICONDUCTORS, HONEYWELL INTERNATIONAL, INFINEON TECHNOLOGIES, OMRON CORPORATION, OPSENS

Global Fiber Optic Pressure Sensors Market Highlights
The fiber optic pressure sensors market is expected to register a CAGR of 9.87% over the forecast period of 2018-2023. The scope of the report includes insights on the solutions offered by major players including providers of hardware, professional services, and integration solutions. The regions included in this study are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The study also offers insights on the application segment, such as automotive, consumer electronics, healthcare, industrial, oil & gas, petrochemical, etc. The technology type considered in the study are Fabry-Perot, fiber Bragg grating, intensity-based and others.

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Benefits of Low Operational Risk and Fast Information
Fiber optic sensors are widely used to monitor a wide range of environmental parameters such as position, vibration, strain, temperature, humidity, viscosity, chemicals, pressure, current, electric field, etc. It has been possible due to its easy integration into a wide variety of structures, including composite materials, with little interference due to their small size and cylindrical geometry, to find application in various segments. Pressure has an important influence on several industrial processes. All such processes that can be affected by pressure require continuous monitoring of pressure level. In addition, proper pressure levels can be critical to the quality of the product and reliability of its information.

Key Developments in the Market
March 2018: Bosch DAS 1000 calibration set professional adjustment of sensors and cameras of driver assistance systems.

The major players include –
FISO TECHNOLOGIES, INC., NXP SEMICONDUCTORS, HONEYWELL INTERNATIONAL, INC., INFINEON TECHNOLOGIES, INC., OMRON CORPORATION, OPSENS, PANASONIC CORPORATION, ROBERT BOSCH GMBH, and STMICROELECTRONICS, INC., amongst others.

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Oil & Gas Expected to Drive the Demand
The fiber optic sensor is constituted of fiber optic cable that is connected to a remote sensor or an amplifier and converts light into an electrical signal. The fiber optic sensor can sense the temperature, pressure, rotation, vibrations, and concentration of chemical compounds. The fiber optic sensor finds its applications in remote sensing as it reduces the requirement of the electrical power, comes in a smaller size, and easily fits in constrained areas. It is a bad conductor of electricity and possesses resistant characteristics for electromagnetic interference, thereby allowing it to be used in places which are having high voltage electricity or flammable material. The demand for fiber optic sensors in oil & gas is expected to experience an upward growth given the recovery of the oil price of the last few years. This has allowed these companies to release funds, which was earlier being done on priority basis for essential equipment. Fiber optic sensor has high tolerance capacity and is well suited for extreme temperature conditions thereby propelling its growth in the oil & gas and other industry directly dependent on it.

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