Press release
Global Distributed Fibre Optic Sensor Market Estimated to Register a CAGR of 10.4%
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.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.
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.
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The Raman Scattering Based Sensor technology segment accounted for 33.3% market share of the global distributed fibre optic sensor market in 2015.
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
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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.
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.
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https://www.futuremarketinsights.com/reports/distributed-fiber-optic-sensors-market/toc
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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