Distributed Fiber Optic Sensing Market Sales and Market Shares of Major Suppliers 2017 - 2025

Research Report on "Distributed Fiber Optic Sensing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025". Global Distributed Fiber Optic Sensing Market Expand Their Businesses with New Investments in 2017 and Coming Future

The objectives of this study are as follows:

• To define, describe, and forecast the "Distributed Fiber Optic Sensing" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Distributed fiber optic sensing is a technology which enables continuous and real-time measurements along the entire length of a fiber optic cable. In contrast to traditional sensing, which use discrete sensors at pre-ordained points, distributed fiber optic sensing does not rely on the manufactured sensors but uses continuous optical fiber.
There are many factors driving the global distributed fiber optic sensing market. Growth in optics based technology installations is expected to be a major driver of the market. The growing application of distributed fiber optics technology, mainly in oil & gas verticals, is expected to emerge as a market driver. Moreover, growth in demand for optical sensors from civil engineering projects is also expected to drive the market’s growth. With developments in technology, sensors have become more reliable than ever. Their high reliability among mission critical processes is also expected to boost the growth of the market.
There are, however, some factors that are restraining the market’s growth. The complexity associated with the installation of such sensors is expected to emerge as the largest restraint to growth. Moreover, concern about their repair and replacement is also expected to hinder the growth of the market.

The global distributed fiber optic sensing market can be segmented on the basis of operating principle, fiber type, scattering process, application, vertical, and geography. On the basis of operating principle, the market can be divided into Optical Time Domain Reflectometry (OTDR) and Optical Frequency Domain Reflectometry (OFDR). Based on fiber type, the market can be segmented into Single Mode Fiber and Multimode Fiber. Based on the scattering process, the market can be classified into Rayleigh Scattering Effect, Raman Scattering Effect, and Brillouin Scattering Effect. On the basis of application, the market can be sub-segmented into temperature sensing, acoustic sensing, and other sensing applications. The acoustic sensing sub-segment is expected to experience a prominent growth rate owing to its enhanced sensitivity which gives reliable reading. Additionally, acoustic sensing can also be used to detect temperatures and hence serve dual purpose.
On the basis of vertical, the market can be divided into oil & gas, power & utility, safety & security, industrial and civil engineering. The oil & gas vertical is anticipated to hold a major share of the market, primarily due to their early adoption in various oil & gas industry applications like accurate well temperature monitoring and generating detailed imagery of the physical parameters of well bore. Furthermore, these sensors help in providing the real time condition of the well bore which in turn helps organizations to control costs by optimizing the economic and operational performance.

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On the basis of geography, the distributed fiber optic sensing market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to the growing usage of distributed fiber optic sensors in the oil & gas vertical amidst the growing shale oil exploration activities in the region. The market in the Asia Pacific region is expected to grow at a substantial pace driven by countries such as China, India, and South Korea. High penetration of the technology in construction and infrastructure sectors is expected to drive the market in the region. Moreover, the stringent regulations against leakage of toxic substances in the region are also expected to help increase the region’s share. Middle East & Africa, and South America are expected to hold a minor share of the total market.

Major players in the global distributed fiber optic sensing market are Halliburton Company, Schlumberger Limited, Yokogawa Electric Corporation, QinetiQ Group plc, Weatherford International plc, Luna Innovations Incorporated, Bandweaver, and OFS Fitel LLC. Other prominent market players include Brugg Kabel AG, OmniSens S.A., AFL, AP Sensing GmbH, and Ziebel AS.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:
• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies
The main aim of the report is to:
• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution
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