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Distributed Fiber Optic Sensing Market Value Chain and Stakeholder Analysis

Distributed Fiber Optic Sensing Market Value Chain

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.

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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.

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.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

Transparency Market Research
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Albany, NY 12207
Tel: +1-518-618-1030
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Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

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