The Europe Distributed Fiber Optic Sensor Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Several companies focus on maximizing their production abilities and control the efficiency to surpass various other alternatives of fiber optics technology. The huge cost incurred in the deployment & installation of DFOS products would further support enterprises to create competitively priced optic inspection products, which are more genuine. There are various technologies like Optical Frequency Domain Reflectometry (OFDR) and Optical Time Domain Reflectometry (OTDR), which depict fiber optics by showcasing the quality examination of precision, resolution, and range of the major trends witnessed in the market.
The incorporation of improved technologies like intelligent Distributed Acoustic Sensor (iDAS) and Real-Time Thermal Rating (RTTR), are some of the major technological trends. The growing investments in R&D activities with an aim to develop an advanced fiber cable and offer dependable connectivity at very high speed and low prices would bolster the growth of the market.
Europe region procured a significant revenue share in distributed fiber optic sensor market in 2020. This growth is attributed to the factors like technological improvements taken place in this region. The global COVID-19 pandemic has increased the requirement for implementing quicker internet services & better-connected infrastructure. This factor is motivating several service providers to implement fiber optics to fulfill their requirements and needs.
This region is witnessing constant technological advancements, which is contributing to the development and adoption of highly advanced technological products. It would motivate the key players to invest more in R&D and develop more improved products to prosper the regional market. This increased investment would lead to better and improved technology and thus, result in the high demand for these advanced products.
In addition, the increasing requirement for faster internet services due to the pandemic would also contribute to the growth of the regional market. Additionally, the high adoption of these sensors in the civil engineering and oil & natural gas industry is creating more opportunities for key market players to prosper the region.
The Germany market dominated the Europe Distributed Fiber Optic Sensor Acoustic/Vibration Sensing Market by Country 2020, thereby, achieving a market value of $56.7 million by 2027. The UK market is exhibiting a CAGR of 7.8% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 9.3% during (2021 - 2027).
Based on Technology, the market is segmented into Raman Effect, Brillouin Scattering, Rayleigh Effect, Interferometric, and Others. Based on Application, the market is segmented into Temperature Sensing, Acoustic/Vibration Sensing and Others. Based on End User, the market is segmented into Oil & Gas, Power & Utility, Safety & Security, Industrial, Civil Engineering and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Distributed Fiber Optic Sensor Market Size will Hit $1.9 Billion by 2027, at a CAGR of 8.5%
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 Country
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