February 28, 2020

Fiber Optic Sensors Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

According to a new market research report published by Credence Research “Fiber Optic Sensors Market – Growth, Future Prospects, and Competitive Analysis, 2018 – 2026”, the global market for fiber optic sensors is set to exhibit CAGR at 10.1% over the forecast period from 2018 to 2026.

Market Insights

Fiber optic sensing has emerged as a prevalent technology across a wide range of industries, including healthcare, automotive, aerospace, civil, and manufacturing and energy. These sensors are capable of measuring a wide range of parameters, including strain, temperature, internal and applied loads, deflection, liquid level and more. Today, fiber optic sensors can be used to measure more than 60 parameters with a wide range of application areas. The fiber optic sensors are low-cost, lightweight, robust, immune to electromagnetic interference and able to operate in harsh environments. Unlike conventional electrical sensors, fiber optic sensors can be positioned close to large EMI sources as well as lightning-prone structures.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/fiber-optic-sensors-market

The overall market for fiber optic sensors is segmented by product type, material, end-user, and geography. Based on the type of the product, the market for fiber optic sensors is driven by intrinsic sensors accounting for more than 2/3 of the total market value. Furthermore, the market for fiber optic sensors is led by end-user, industrial manufacturing & processing segments. The oil & gas segment is expected to have the highest growth rate on the market in the following years. Fiber optic sensors have provided a viable solution for well-being and reservoir surveillance in the oil and gas industry. These sensors are widely used in the oil and gas sector to measure temperature, chemical composition, pressure, acoustics, and strain. Increased demand for optical fibers with longer transmission distances and higher bandwidth has increased with rising subsea processing and increasing system monitoring requirements.

Geographically, North America dominated the global market for fiber optic sensors with a market share of almost 34 percent in 2017. Regional market growth is mainly driven by the presence of a sophisticated industrial manufacturing and processing sector. Asia Pacific is expected to have the highest growth rate during the forecast period. The fast-growing industrial sector in China and India is estimated to support market growth in the Asia Pacific.

Some of the major companies profiled in the report include ABB Ltd., Halliburton CO, Fiso Technologies, Inc., OMRON Corporation, OmniSens S.A., Opsens Oil and Gas, Deltex Medical Group PLC, Finisar Corporation, Sumitomo Electric Industries Ltd., Luna Innovations Inc., Ziebel AS, OptaSense (QinetiQ Company), AP Sensing GmbH, Pepperl+Fuchs GmbH, Petrospec Engineering Inc., Schlumberger Ltd., AFL Group, SCHOTT AG, TE Connectivity and others.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59506

 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type Segment

 • Intrinsic Fiber Optic Sensors

 • Extrinsic Fiber Optic Sensors

 By Material Segment

 • Glass Fiber Optic Sensors

 • Plastic Fiber Optic Sensors

By End-user Segment

 • Industrial Manufacturing & Processing

 • Oil & Gas

 • Energy & Utilities

 • Healthcare

 • Automotive & Transportation

 • Defense

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59506

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