Press release
Distributed Fibre Optic Sensor Market Research Report – Opportunities & Challenges With Totally Different Segments, Forecast-2026
Future Market Insights delivers key insights on the global distributed fibre optic sensor market in a new report titled “Distributed Fibre Optic Sensor Market: Global Industry Analysis & Opportunity Assessment 2016-2026”. The global distributed fibre optic sensor market was valued at US$ 1.1 Bn in 2015 and is expected to register a CAGR of 10.4% from 2016 to 2026.According to Future Market Insights, increasing adoption in the oil and gas industry and increasing investment in infrastructure are major factors driving the growth of the global distributed fibre optic sensor market. Additionally, government initiatives to deploy fibre optic sensors in various construction projects is propelling the growth of the global distributed fibre optic sensor market. The unique qualities and attributes of distributed fibre optic sensors are also driving worldwide demand and hence fuelling the growth of the global distributed fibre optic sensor market. Public awareness and industrial modernisation is further driving the growth of the global distributed fibre optic sensor market.
“The high cost factor associated with distributed fibre optic sensors and slow economic development of some of the major markets spread across APEJ and MEA might hinder the future growth of the global distributed fibre optic sensor market.” — Analyst, Future Market Insights
To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-623
Segmentation highlights
The global distributed fibre optic sensor market is segmented on the basis of Technology (Rayleigh Scattering Based Distributed Sensor, Brillouin Scattering Based Sensor, Raman Scattering Based Sensor, Interferometric Distributed Optical-Fibre Sensor, Distributed Fibre Bragg Grating Sensor); Application (Strain Sensing, Temperature Sensing, Acoustic/Vibration Sensing, Pressure Sensing, Others (Moisture Detection)); and Vertical (Oil & Gas, Security, Energy & Utility, Transportation Infrastructure, Industrial Application, Others (Environment & Geotechnics, Healthcare, etc.)).
The Raman Scattering Based Sensor technology segment accounted for 33.3% market share of the global distributed fibre optic sensor market in 2015. The Rayleigh Scattering Based Distributed Sensor segment is anticipated to register a CAGR of 12.1% during the forecast period
The Temperature Sensing application segment accounted for the highest market share in 2015 and was valued at US$ 518.2 Mn in 2015. The Acoustic/Vibration Sensing segment is expected to register a healthy CAGR of 12.2% during the forecast period
The Oil & Gas vertical segment accounted for the highest market share in 2015, occupying 60.9% share of the global distributed fibre optic sensor market in 2015
By Technology
Rayleigh Scattering Based Distributed Sensor
Brillouin Scattering Based Sensor
Raman Scattering Based Sensor
Interferometric Distributed Optical-Fibre Sensor
Distributed Fibre Bragg Grating Sensor
By Application
Strain Sensing
Temperature Sensing
Acoustic/Vibration Sensing
Pressure Sensing
Others (Moisture Detection)
By Vertical
Oil & Gas
Security
Energy & Utility
Transportation Infrastructure
Industrial Application
Others (Environment &
Geotechnics, Healthcare, etc.)
By Region
North America
Latin America
Middle East & Africa
Asia Pacific Excluding Japan
Western Europe
Eastern Europe
Japan
Impact of COVID-19 on Distributed Fibre Optic Sensor Market
With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.
FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Distributed Fibre Optic Sensor market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Distributed Fibre Optic Sensor market.
Regional market projections
The global distributed fibre optic sensor market is segmented into the seven key regions of North America, Latin America, Middle East & Africa, Asia Pacific Excluding Japan (APEJ), Western Europe, Eastern Europe, and Japan. The North America market is estimated to account for the largest market share of 30.9% of the global distributed fibre optic sensor market in 2016 and is anticipated to continue its dominance throughout the forecast period. The distributed fibre optic sensor market in North America was valued at US$ 342.1 Mn in 2015 and is expected to remain dominant in terms of revenue throughout the forecast period. The APEJ market is projected to register high Y-o-Y growth rates throughout the forecast period.
Vendor insights
The global distributed fibre optic sensor market report profiles some of the key market players operating in the global distributed fibre optic sensor market. FISO Technologies Inc., Brugg Kabel AG, OSENSA Innovations Corp., Sensor Highway Ltd., Omnisens S.A., AFL Global, Lockheed Martin Corporation, and QinetiQ Group plc. are some of the top companies profiled in the global distributed fibre optic sensor market report. These companies are adopting innovative approaches to product development and are focussing on continuous operational expansion across the globe through partnerships and acquisitions.
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Key Questions Addressed in the Distributed Fibre Optic Sensor Market Report
How will the Distributed Fibre Optic Sensor market expand through 2031?
Which are the major key growth drivers and opportunities driving the market growth?
What are the recent technological developments in the Distributed Fibre Optic Sensor market?
What are key challenges and competition threats faced by Distributed Fibre Optic Sensor market players?
Which region is the most lucrative in the Distributed Fibre Optic Sensor market?
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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