Distributed Fiber Optic Sensor Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium.

The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 11years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.

Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

• Nonelectrical


• Explosion-proof


• Small size and weight


• Allow access into normally inaccessible areas and harsh environments


• Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)


• Solid-state reliability


• High accuracy


• Can facilitate distributed sensing

Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.

Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: 2014 Photonic Sensor Consortium Market Survey Report.

 

Distributed Fiber Optic Sensor Market

Distributed Fiber Optic Sensor Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium.

The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 11years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.

Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

• Nonelectrical


• Explosion-proof


• Small size and weight


• Allow access into normally inaccessible areas and harsh environments


• Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)


• Solid-state reliability


• High accuracy


• Can facilitate distributed sensing

Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.

Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: 2014 Photonic Sensor Consortium Market Survey Report.

 

Distributed Fiber Optic Sensor Market

Distributed Fiber Optic Sensor Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium.

The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 11years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.

Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

• Nonelectrical


• Explosion-proof


• Small size and weight


• Allow access into normally inaccessible areas and harsh environments


• Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)


• Solid-state reliability


• High accuracy


• Can facilitate distributed sensing

Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.

Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: 2014 Photonic Sensor Consortium Market Survey Report.

 

Distributed Fiber Optic Sensor Market

Global Fiber Optic Sensors Market Analysis

Fiber Optic Sensors market is projected to reach US$3.5 billion by 2020, driven by expanding application possibilities in traditional end-use markets such as aerospace and defence, oil & gas exploration, infrastructure development and telecom industries, and emerging opportunities in new application areas.

Fiber optic sensors (FOS) are a result of years of research and development efforts geared towards finding solutions that can help measure mechanical strain, pressure and temperature with high level of precision. Initially designed to measure and monitor functioning of optical networks in telecom industry, fiber optic sensors are now being used in a wide range of application areas including oil & gas, civil construction, and aerospace & defense. Capable of measuring temperature, strain, pressure, displacement, flow rate, humidity, and acceleration among other measurement parameters in conditions where other sensors fail, fiber optic sensors have become indispensable tools for monitoring optical networks, oil reservoirs, and condition of bridges and pipelines, among others. Despite high initial costs, fiber optic sensors attract considerable demand given that in comparison to conventional solutions, they are highly reliable, long lasting and provide dynamic range, high sensitivity, variety in measurable parameters, and compatibility with optical data transmission and processing. Fiber optic sensors are also compact, lightweight, immune to electromagnetic interface, demand low power, and can even work in harsh environments, all of which make them suitable for use in a range of end-use applications.

Developments in traditional end-use markets will continue to drive growth in the global Fiber Optic Sensors market. Ongoing transition from 3G to 4G networks in the telecommunications industry, growing focus on smart structures and emerging role of structural health monitoring in infrastructure construction sector, adroit tapping of shale gas resources and exploration in oil & gas sector and increased process automation in industries will create significant opportunities for growth. Growth in the coming years will also be driven by expanding application possibilities for fiber optic sensors in a range of new and emerging end-use markets such as homeland security, automotive, energy particularly wind energy, and biomedical, among others. Technology developments aimed at reducing prices, increasing efficiency and ensuring conformance with standardization and miniaturization trends will also boost market prospects. Government funding for R&D will also drive considerable innovation in this space in the medium term, thereby promising a positive outlook for fiber optic sensors.

As stated by the new market research report on Fiber Optic Sensors, the United States represents the largest regional market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 12.7% over the analysis period. Growing manufacturing activity, rising automobile demand, steady infrastructure construction activity and increase in defence spending, particularly in developing markets such as China and India represent key factors driving growth in the region. Aerospace, Defense, & Security represents the largest end-use market, while Oil & Gas ranks as the fastest growing market for fiber optic sensors. Intrinsic Fiber Optic Sensors represents the largest product market accounting for a majority of global sales. Although a smaller market in terms of revenue contribution, Extrinsic Fiber Optic Sensors is forecast to emerge as the fastest growing product market.

Key players covered in the report include 3SP Group, Agilent Technologies Inc., Alstom Grid, Avantes B.V., Baumer Group, Davidson Instruments Inc., EXFO Inc., FISO Technologies Inc., Halliburton, Hitachi Cable Ltd., Honeywell Sensing and Control, Intelligent Fiber Optics Systems Corp., KVH Industries Inc., LUNA Innovations, Micron Optics Inc., Northrop Grumman Navigation Systems Division, O/E LAND Inc., Ocean Optics Inc., Optrand Inc., Photonics Laboratories Inc., Prime Photonics, Sensornet Ltd., Schlumberger Limited, Sensa, Weatherford International Ltd., and ZIEBEL AS.

The research report titled “Fiber Optic Sensors: A Global Strategic Business Report”  provides a comprehensive review of market trends, drivers, issues, and recent industry activity of major players worldwide. The report provides market estimates and projections in US dollars for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, South Korea and Rest of Asia Pacific) and Latin America (Brazil, and Rest of Latin America). Key market segments analyzed at the global level include Extrinsic Sensors and Intrinsic Sensors.

 Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: “Fiber Optic Sensors: A Global Strategic Business Report”

 

Global Fiber Optic Sensors Market Analysis

Distributed Fiber Optic Sensor Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium.

The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 11years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.

Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

• Nonelectrical


• Explosion-proof


• Small size and weight


• Allow access into normally inaccessible areas and harsh environments


• Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)


• Solid-state reliability


• High accuracy


• Can facilitate distributed sensing

Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.

Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: 2014 Photonic Sensor Consortium Market Survey Report.

 

Distributed Fiber Optic Sensor Market

Global Fiber Optic Sensors Market Analysis

Fiber Optic Sensors market is projected to reach US$3.5 billion by 2020, driven by expanding application possibilities in traditional end-use markets such as aerospace and defence, oil & gas exploration, infrastructure development and telecom industries, and emerging opportunities in new application areas.

Fiber optic sensors (FOS) are a result of years of research and development efforts geared towards finding solutions that can help measure mechanical strain, pressure and temperature with high level of precision. Initially designed to measure and monitor functioning of optical networks in telecom industry, fiber optic sensors are now being used in a wide range of application areas including oil & gas, civil construction, and aerospace & defense. Capable of measuring temperature, strain, pressure, displacement, flow rate, humidity, and acceleration among other measurement parameters in conditions where other sensors fail, fiber optic sensors have become indispensable tools for monitoring optical networks, oil reservoirs, and condition of bridges and pipelines, among others. Despite high initial costs, fiber optic sensors attract considerable demand given that in comparison to conventional solutions, they are highly reliable, long lasting and provide dynamic range, high sensitivity, variety in measurable parameters, and compatibility with optical data transmission and processing. Fiber optic sensors are also compact, lightweight, immune to electromagnetic interface, demand low power, and can even work in harsh environments, all of which make them suitable for use in a range of end-use applications.

Developments in traditional end-use markets will continue to drive growth in the global Fiber Optic Sensors market. Ongoing transition from 3G to 4G networks in the telecommunications industry, growing focus on smart structures and emerging role of structural health monitoring in infrastructure construction sector, adroit tapping of shale gas resources and exploration in oil & gas sector and increased process automation in industries will create significant opportunities for growth. Growth in the coming years will also be driven by expanding application possibilities for fiber optic sensors in a range of new and emerging end-use markets such as homeland security, automotive, energy particularly wind energy, and biomedical, among others. Technology developments aimed at reducing prices, increasing efficiency and ensuring conformance with standardization and miniaturization trends will also boost market prospects. Government funding for R&D will also drive considerable innovation in this space in the medium term, thereby promising a positive outlook for fiber optic sensors.

As stated by the new market research report on Fiber Optic Sensors, the United States represents the largest regional market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 12.7% over the analysis period. Growing manufacturing activity, rising automobile demand, steady infrastructure construction activity and increase in defence spending, particularly in developing markets such as China and India represent key factors driving growth in the region. Aerospace, Defense, & Security represents the largest end-use market, while Oil & Gas ranks as the fastest growing market for fiber optic sensors. Intrinsic Fiber Optic Sensors represents the largest product market accounting for a majority of global sales. Although a smaller market in terms of revenue contribution, Extrinsic Fiber Optic Sensors is forecast to emerge as the fastest growing product market.

Key players covered in the report include 3SP Group, Agilent Technologies Inc., Alstom Grid, Avantes B.V., Baumer Group, Davidson Instruments Inc., EXFO Inc., FISO Technologies Inc., Halliburton, Hitachi Cable Ltd., Honeywell Sensing and Control, Intelligent Fiber Optics Systems Corp., KVH Industries Inc., LUNA Innovations, Micron Optics Inc., Northrop Grumman Navigation Systems Division, O/E LAND Inc., Ocean Optics Inc., Optrand Inc., Photonics Laboratories Inc., Prime Photonics, Sensornet Ltd., Schlumberger Limited, Sensa, Weatherford International Ltd., and ZIEBEL AS.

The research report titled “Fiber Optic Sensors: A Global Strategic Business Report”  provides a comprehensive review of market trends, drivers, issues, and recent industry activity of major players worldwide. The report provides market estimates and projections in US dollars for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, South Korea and Rest of Asia Pacific) and Latin America (Brazil, and Rest of Latin America). Key market segments analyzed at the global level include Extrinsic Sensors and Intrinsic Sensors.

 Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: “Fiber Optic Sensors: A Global Strategic Business Report”

 

Global Fiber Optic Sensors Market Analysis