The Global Distributed Fiber Optic Sensor Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 8.5% CAGR during the forecast period. Distributed fiber optic sensors refer to optoelectronic tools, which are utilized to calculate physical aspects and the length of the optical fiber. Further, it assists in the production of a constant profile of acoustics, temperature, or strain conditions combined with the complete length of the fiber. It gives crucial data in several applications and offers a cost-effective option for supervising physical factors sensing at numerous points in tough operating situations. In addition, distributed fiber optic sensors help in achieving high precision of detection over long distances.
The increasing demand for distributed fiber optic sensors for supervision purposes in tough working situations where humans cannot reach is supporting the market growth. In addition, more reliability due to the broad coverage of distributed fiber optic sensors over long distances, and the requirement of enhanced safety systems are some of the major aspects that are propelling the growth of the distributed fiber optic sensor market. Though, the absence of awareness related to the distributed fiber optic sensors & technical glitches faced at the time of installation & functioning of distributed fiber optic sensors are among the driving factors for the distributed fiber optic sensor market. Additionally, the huge cost attached to the distributed fiber optic sensor is one of the restricting factors for the market growth. Though, rising safety standards, supportive government frameworks & policies, and growing demand for data-based analysis are opening lucrative opportunities for the key market players.
The outbreak of the global COVID-19 pandemic has impacted every domain of society. The imposition of lockdown in the various nations and the travel ban has created a disruption in the supply chain. It has further resulted in low production of various goods and also slows down the product development process, thus decreasing the adoption of fiber optics in the numerous industrial & civil engineering sectors. Though, the transformation of various manufacturing practices and the rising requirement to implement fiber optics in mission-critical situations are opening various growth avenues for the distributed fiber optics sensor market.
In addition, the usage of fiber optics helps in accelerating the testing process of novel coronavirus SARS-CoV-2 that can support streamlining and enhancing the testing process. In addition, the creation of plasmonic fiber-optic absorbance biosensors is anticipated to support healthcare workers to follow quicker and more robust testing. This trend would continue even during the forecast period owing to the quick transmissibility of the disease and the requirement to reduce the same.
Based on Technology, the market is segmented into Raman Effect, Brillouin Scattering, Rayleigh Effect, Interferometric, and Others. The Rayleigh effect segment would be the fastest-growing segment during the forecast period due to the high demand for such technology because of its capability to calculate every physical parameter like strain and temperature. Under this method, the scattering principle of light is utilized to monitor and focus on propagating effects that help in sensing physical parameters. Additionally, distributed sensing that uses Rayleigh scattering of light helps in turning the optic fiber cable into an array of numerous strain and virtual temperatures that can outreach long distances.
Based on Application, the market is segmented into Temperature Sensing, Acoustic/Vibration Sensing and Others. The temperature sensing segment acquired the largest share in the distributed fiber optic sensor market in 2020. DFOS sensors assist in generating a consistent profile of strain, temperature, acoustics, or conditions with the whole length of the fiber. The greater precision of the technology being utilized and the capability to be employed in numerous sectors like civil engineering, industrial, and power & utility are propelling the segment growth. Though, the huge cost attached to the deployment and technological glitches are among the factors hampering the growth of the segment.
Based on End User, the market is segmented into Oil & Gas, Power & Utility, Safety & Security, Industrial, Civil Engineering and Others. The power & utility segment acquired a substantial revenue share owing to a huge demand for the product from electric utility enterprises for smart grid, ampacity, and localization & hotspot detection. The Brillouin scattering principle assists in detecting strains & stresses in the machine system that aids in supervising and mitigating risks. The main motive behind the usage of distributed sensors in this field is to trace any leakages, hotspots, and ground movement supervision.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 1 Billion |
| Market size forecast in 2027 | USD 1.9 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 8.5% from 2021 to 2027 |
| Number of Pages | 244 |
| Number of Tables | 400 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Technology, Application, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Region-wise, North America emerged as a leading region in 2020. It is due to the presence of key oil & natural gas players in the US, which increases the adoption rate of distributed fiber optic sensors. The U.S. generated almost 34.4 trillion cubic feet of natural gas in 2020 utilizing hydraulic fracturing & horizontal drilling techniques, which utilize high-performance optical fibers. The inflated price of crude oil across the world motivates oil & gas organizations to implement less-costly and effective supporting systems to enhance the profit generation ability that further opens new growth avenues for the Distributed fiber optic sensor market.
Free Valuable Insights: Global Distributed Fiber Optic Sensor Market size to reach USD 1.9 Billion by 2027
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include of Fujikura Ltd., Furukawa Electric Co., Ltd., Bandweaver Technologies Ltd., Yokogawa Electric Corporation, Halliburton Company, Schlumberger N.V., Weatherford International PLC, Luna Innovations, Incorporated, Omnisens SA, and Terna SpA (BruggKabel AG).
By Technology
By Application
By End User
By Geography
The distributed fiber optic sensor market size is projected to reach USD 1.9 billion by 2027.
The growing uses of distributed fiber optic sensors in the oil & gas industry are driving the market in coming years, however, Technical glitches in the installation of distributed fiber optic sensors have limited the growth of the market.
Fujikura Ltd., Furukawa Electric Co., Ltd., Bandweaver Technologies Ltd., Yokogawa Electric Corporation, Halliburton Company, Schlumberger N.V., Weatherford International PLC, Luna Innovations, Incorporated, Omnisens SA, and Terna SpA (BruggKabel AG).
In addition, the creation of plasmonic fiber-optic absorbance biosensors is anticipated to support healthcare workers to follow quicker and more robust testing. This trend would continue even during the forecast period owing to the quick transmissibility of the disease and the requirement to reduce the same.
The Raman Effect technology segment dominated the market with the largest revenue share in 2020.
The vibration/acoustic segment is projected to record the highest growth rate during the forecast period.
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