Distributed Fibre Optic Sensor Market : Advanced Technologies & Growth Opportunities in Global Industry

The global distributed fibre optic sensor market was worth US$ 1.1 Bn in 2015 and is expected to register a CAGR of 10.4% during the forecast period (2016-2026).

Public awareness and industrial modernisation is driving the growth of the global distributed fibre optic sensor market.

Enhanced public awareness about distributed fibre optic sensors and an increase in demand from core sectors such as oil, gas, telecom, heavy industries, railways, and the military is expediting the growth of the global distributed fibre optic sensor market.

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To reduce the impending cost of a big project most of the private and government players are implanting distributed fibre optic sensors and this is likely to fuel the overall growth of the global distributed fibre optic sensor market and balance the market demand-supply ratio.

However, 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.

The Temperature Sensing application segment accounted for the highest market share in 2015 and was valued at US$ 518.2 Mn in 2015. This segment is anticipated to register a CAGR of 9.0%. The Acoustic/Vibration Sensing segment is expected to register high Y-o-Y growth rates throughout the forecast period.

The Rayleigh Scattering Based Distributed Sensor technology segment was valued at US$ 215.2 Mn in 2015 and is anticipated to register the highest CAGR of 12.1% during the forecast period. In terms of revenue, the Brillouin Scattering Based Sensor segment is projected to be the most attractive segment in the global distributed fibre optic sensor market during the forecast period.

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North America was the largest market for distributed fibre optic sensors in 2015 and accounted for 31.1% market share of the global distributed fibre optic sensor market in 2015. This market is projected to be the most attractive market in terms of revenue during the forecast period.

The APEJ distributed fibre optic sensor market is expected to register high Y-o-Y growth rates throughout the forecast period. APEJ is anticipated to witness a value CAGR of 12.3% between 2016 and 2026.

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