Press release
Distributed Fiber Optic Sensor Market by 2023 Trends and Opportunities With Key Players - Schlumberger, Halliburton, Yokogawa Electric Corporation, Weatherford International, OFS and Ziebel AS
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The benefits associated with distributed fiber optic sensors are likely to spur the growth of this market. Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future.
Based on application, distributed fiber optic sensor market can be classified into temperature sensing, acoustic sensing, strain sensing, pressure sensing and others. Temperature sensing application segment is likely to spearhead the application category with maximum revenue contribution. However, acoustic sensing application is expected to register highest growth during the forecast period.
Geographically, North America has been the largest market for distributed fiber optic sensors. The oil and gas industry contributed largest revenue to the distributed fiber optic sensor market in the region. The U.S. is considered as the largest petroleum consumer across the globe and it is also producing oil faster than other countries in the world.
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The key players in the distributed fiber optic sensor market include Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International plc, QinetiQ Group plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver, OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL and Ziebel AS.
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