Distributed Fiber Optic Sensing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Distributed Fiber Optic Sensing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Distributed Fiber Optic Sensing Market: Overview

Distributed fiber optic sensing is a technology that offers unique possibilities for the real-time, continuous measurement of a number of variables such as acoustic perturbations, strain, and temperature. Unlike traditional sensing technologies that depend on the inputs from discrete sensors at pre-determined points, distributed sensing depends utilizes the entire length of the optical fiber. Thus, the optical fiber used in the sensing setup is the sensing element, barring any need for additional transducers or manufactured sensors in the optical path. As a result, distributed fiber optic sensing is a cost-effective technology and can be deployed even in the remotest, most unusual, and harshest environments. 

Distributed Fiber Optic Sensing Market: Trends and Opportunities

The global market for distributed fiber optic sensors has witnessed growth and development at an impressive pace in the past few years. Increased research activities in the area have led to the better understanding of the several potential applications of distributed sensing, especially in the field of civil engineering. Distributed fiber optic sensing solutions are now increasingly used for applications such as pipeline monitoring, geotechnical monitoring, dam monitoring, and bridge monitoring. The increased employment of distributed sensing solutions in the oil and gas industry will also emerge as a leading contributor to the overall development of the global distributed fiber optic sensing market in the next few years. 

Distributed Fiber Optic Sensing Market: Market Potential

The distributed sensing technology is finings new uses in subsea applications. Apart from the excellent structural strength, size much smaller, and connectivity strength much better than that of copper cables, distributed fiber optic sensors are garnering increased interest from the subsea exploration industry. The higher bandwidth of fiber optic cables as compared to copper cables also allow for longer step-out distances and richer data streams. As subsea exploration and production become smarter and operators increasingly demand real-time data and analysis of both the individual oil well and the entire production facility, the potential use of distributed fiber optic sensing will become more profound in the next few years. 

Distributed Fiber Optic Sensing Market: Regional Overview

From a geographical perspective, the report examines the market for distributed fiber optic sensing across regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, the market in North America is presently the leading contributor of revenue to the global distributed fiber optic sensing market and is expected to retain dominance over the report’s forecast period as well. The strict adherence of safety and security regulations across high-growth industries such as oil and gas, energy, and power and utility in the region will continue to lead to the healthy demand for distributed fiber optic sensing systems. 

The mature oil and gas industry in Middle East and Africa will also present vast growth opportunities. In Europe, the demand will be high across industries such as military and aerospace, power production and distribution, and oil and gas. Owing to the vast scope of applications across a vast number of applications and the thriving industrial sector, the Asia Pacific market will exhibit growth at the most promising pace in the next few years. 

Distributed Fiber Optic Sensing Market: Competitive Landscape

In the highly competitive market, companies are resorting to the production of customized solutions as a way to ensure sustainable returns; the ease in synchronization provided by customized products across specific end-use sectors is a key factor determining the usability of a distributed fiber optic sensing system. Some of the leading companies operating in the market are Schlumberger Limited, Lockheed Martin Corporation, FISO Technologies Inc., OSENSA Innovations Corp., Brugg Kabel AG, QinetiQ Group plc., AFL Global, Omnisens S.A., Yokogawa Electric Corporation, Ziebel AS, and AP Sensing GmbH.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.