openPR Logo
Press release

Fiber Optic Sensor Market to Grow at a CAGR of 9.16% to reach US$ 5,506.24 Million by 2028

07-19-2023 02:48 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Fiber Optic Sensor Market

Fiber Optic Sensor Market

Development of Smart Cities Globally Provide Growth Opportunities for Fiber Optic Sensor Market During 2021-2028

Various governments are taking initiatives to propel the development of smart cities in their respective economies. In March 2021, Optromix, Inc. announced that the fiber optic sensors can be installed as a component of smart transport. The company is engaged in providing intelligent traffic analysis and route planning services in large cities. These services are based on fiber optic solutions for the collection and processing of data on vehicle movement. Further, the Smart Cities Mission of Indian government focused on promoting sustainable and inclusive cities that offer essential infrastructure and give a decent quality of life, along with a sustainable and clean environment with the application of smart solutions.

Get Sample PDF Brochure with All Related Table and Graphs @ https://www.theinsightpartners.com/sample/TIPTE100000943/?utm_source=OpenPR&utm_medium=10452

The initiative of green and smart cities by the Indian government is providing impetus to the present fiber optics industry in the country for the development of energy-efficient and economical fiber optics systems. These government efforts are gathering significant focus of the fiber optics market players to Indian market, thereby making India a global hub for fiber optics manufacturing. Thus, the increase in developing smart cities is propelling the growth of the fiber optic sensor market players.

Fiber Optic Sensor Market Company Profiles:

AOMS Technologies
Davidson Instruments
Omnisens SA
Solifos AG
Baumer Holding AG
Keyence Corporation
OMRON Corporation
Luna Innovations Inc
SICK AG
Yokogawa Electric Corporation

The global fiber optic sensor market has been segmented as mentioned below:

By Application:
Temperature Sensing
Pressure Sensing
Acoustic Sensing
Strain Sensing
Others

By Vertical:
Oil & Gas
Manufacturing
Infrastructure
Power and Utilities
Others

Impact of COVID-19 Pandemic on Fiber Optic Sensor Market:

The COVID-19 pandemic created enormous disruption across industries, including electronics and semiconductors. Every phase of the business model has witnessed a drastic change, including the manufacturing units, capital expenditures, R&D, demand, supply chain, production decisions, and mergers and acquisitions (M & M&A). Over the past several months, the COVID-19 outbreak had severely challenged the electronics and manufacturers in strategy making. The disruption among raw material suppliers, temporary closure of manufacturing units, limited funding, and weak demand from customers have showcased adverse impact on the electronics and semiconductor manufacturers.

Get Attractive Discount on This Report @ https://www.theinsightpartners.com/discount/TIPTE100000943/?utm_source=OpenPR&utm_medium=10452

The players operating in the fiber optic sensor market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In April 2020, AOMS Technologies and PCL Construction entered a partnership to make IoT-enabled "Smart Construction" a new reality. This partnership is expected to further enhance Job Site Insights (JSI) and PCLS's cloud-based construction platform.

In May 2020, Omnisens SA announced the release of ODAS, its new family of Distributed Acoustic Sensing (DAS) interrogators that combines chirped pulse laser technology with Omnisens' techniques on programmable chirp coding and modulation.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fiber Optic Sensor Market to Grow at a CAGR of 9.16% to reach US$ 5,506.24 Million by 2028 here

News-ID: 3137732 • Views:

More Releases from The Insight Partners

Cookware Market Expectations & Growth, Trends Highlighted Until 2031
Cookware Market Expectations & Growth, Trends Highlighted Until 2031
The "Cookware Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Cookware Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player's
Gelatin Market Emerging Analysis, Future Growth and Business Opportunities 2031
Gelatin Market Emerging Analysis, Future Growth and Business Opportunities 2031
The market size is projected to reach US$ 4.41 billion by 2031 from US$ 3.19 billion in 2024. The market is expected to register a CAGR of 4.8% from 2025-2031. The "Gelatin Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Gelatin Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise
Gas Turbine Market to 2031 Industry Analysis by Regions, Types and Application
Gas Turbine Market to 2031 Industry Analysis by Regions, Types and Application
The Gas Turbine Market report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Gas Turbine Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPRE00010050?utm_source=OpenPR&utm_medium=10881 Key Players Analysis: Mitsubishi Heavy Industries Ltd Siemens AG GE Vernova Inc. Caterpillar Inc Kawasaki Heavy Industries Ltd Baker Hughes Co Industrial Boilers America Capstone Green Energy Holdings, Inc. MTU Aero Engines AG Aurelia Turbines
Ethical Pharmaceuticals Market Expectations & Growth, Trends Highlighted Until 2031
Ethical Pharmaceuticals Market Expectations & Growth, Trends Highlighted Until 2 …
The "Ethical Pharmaceuticals Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Ethical Pharmaceuticals Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading

All 5 Releases


More Releases for Fiber

Fiber Laser Market Forecast to 2028 COVID-19 Impact and Global Analysis By Type …
The fiber laser market was valued at US$ 2286.16 million in 2021 and is projected to reach US$ 4,765.43 million by 2028; it is expected to grow at a CAGR of 11.1% from 2021 to 2028. Automotive production is constantly rising across the world, particularly in Asian and European countries, which is driving the demand for fiber lasers. Most automotive manufacturers are rapidly turning to fiber lasers to resolve their manufacturing
Pea Fiber Market Inclinations Exhibit Growing Demand during the Period until 202 …
The new report on the pea fiber market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. This highly favorable growth of the pea protein creates a highly conducive environment for the associated pea fiber market, which is expected to exhibit a promising CAGR of ~8% during the forecast period (2019-2029. The business intelligence
Optical Fiber and Optical Fiber Cables Market
Optical Fibers and Optical Fiber Cables Market describes its growth, size, share, Forecast and trends to 2025 Optical Fibers and Optical Fiber Cables Market Production and Demand Analysis 2019 to 2025 Optical Fibers and Optical Fiber Cables Market 2019 Manufacturing Analysis and Development Forecast to 2025 Optical Fibers and Optical Fiber Cables Market 2019: Recent Study Including Growth Factors, Regional Drivers, Forecast 2025 Optical Fibers and Optical Fiber Cables Market Insights 2019, Global and
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market (http://www.rnrmarketresearch.com/aramid-fiber-market-by-type-para-aramid-fiber-meta-aramid-fiber-and-application-security-protection-frictional-material-tire-rubber-reinforcement-optical-fiber-electrical-insulation-aeros-market-report.html) is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and
Fiber-optic couplers Market Segmentation By Type Y Fiber-optic Couplers, T Fiber …
Fiber-optic couplers market: Market Overview Due to increasing reliance of organizations on IT, the demand for robust, agile and cost effective IT infrastructure is growing rapidly and supporting the Fiber-optic couplers market. The fabric-optic couplers market is expanding rapidly as the telecom services providers in this modern era are moving towards fiber based networking services. Increasing advancements in the telecom industry are one of the major factors driving the growth of
Fiber Laser Market 2025 - Global Analysis and Forecasts by Type (Infrared Fiber …
The "Global Fiber Laser Market Analysis to 2025" is a specialized and in-depth study of the fiber laser industry with a focus on the global market trend. The report aims to provide an overview of global fiber laser market with detailed market segmentation by type, application and geography. The global fiber laser market is expected to witness high growth during the forecast period. The report provides key statistics on the