Distributed Fiber Optic Sensors Market

Distributed Fibre Optic Sensor Market: Oil & Gas Vertical Segment to Dominate Global Market: Global Industry Analysis and Opportunity Assessment 2016-2026

The global distributed fibre optic sensor market was worth US$ 1.1 Bn in 2015 and is expected to register a CAGR of 10.4% during the forecast period (2016-2026).

Public awareness and industrial modernisation is driving the growth of the global distributed fibre optic sensor market

Enhanced public awareness about distributed fibre optic sensors and an increase in demand from core sectors such as oil, gas, telecom, heavy industries, railways, and the military is expediting the growth of the global distributed fibre optic sensor market. Apart from private players the government is also heavily procuring and using distributed fibre optics in different projects. To reduce the impending cost of a big project most of the private and government players are implanting distributed fibre optic sensors and this is likely to fuel the overall growth of the global distributed fibre optic sensor market and balance the market demand-supply ratio. The mining sector’s struggle with old technologies and the need to implement advanced technologies is opening a window of opportunity for key players operating in the global distributed fibre optic sensor market.

However, the high cost factor associated with distributed fibre optic sensors and slow economic development of some of the major markets spread across APEJ and MEA might hinder the future growth of the global distributed fibre optic sensor market.

Market segmentation

By Technology

By Application

By Vertical  

By Region

  • Rayleigh Scattering Based Distributed Sensor

  • Brillouin Scattering Based Sensor

  • Raman Scattering Based Sensor

  • Interferometric Distributed Optical-Fibre Sensor

  • Distributed Fibre Bragg Grating Sensor

  • Strain Sensing

  • Temperature Sensing

  • Acoustic/Vibration Sensing

  • Pressure Sensing

  • Others (Moisture Detection)

  • Oil & Gas

  • Security

  • Energy & Utility

  • Transportation Infrastructure

  • Industrial Application

  • Others (Environment &

  • Geotechnics, Healthcare, etc.)

  • North America

  • Latin America

  • Middle East & Africa

  • Asia Pacific Excluding Japan

  • Western Europe

  • Eastern Europe

  • Japan

Temperature sensing segment likely to spearhead the application category with maximum market share

The Temperature Sensing application segment accounted for the highest market share in 2015 and was valued at US$ 518.2 Mn in 2015. This segment is anticipated to register a CAGR of 9.0%. The Acoustic/Vibration Sensing segment is expected to register high Y-o-Y growth rates throughout the forecast period.

Rayleigh scattering based distributed sensor segment predicted to register the highest CAGR during the forecast period

The Rayleigh Scattering Based Distributed Sensor technology segment was valued at US$ 215.2 Mn in 2015 and is anticipated to register the highest CAGR of 12.1% during the forecast period. In terms of revenue, the Brillouin Scattering Based Sensor segment is projected to be the most attractive segment in the global distributed fibre optic sensor market during the forecast period.

Oil & Gas segment to dominate the global distributed fibre optic sensor market

The Oil & Gas vertical segment accounted for the highest market share with a valuation of US$ 661.5 Mn in 2015 and is expected to remain dominant in terms of revenue throughout the forecast period. The Transportation Infrastructure segment is estimated to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to exhibit a CAGR of 12.5% between 2016 and 2026. 

North America slated to be the largest market for distributed fibre optic sensors

North America was the largest market for distributed fibre optic sensors in 2015 and accounted for 31.1% market share of the global distributed fibre optic sensor market in 2015. This market is projected to be the most attractive market in terms of revenue during the forecast period. The APEJ distributed fibre optic sensor market is expected to register high Y-o-Y growth rates throughout the forecast period. APEJ is anticipated to witness a value CAGR of 12.3% between 2016 and 2026.

distributed fiber optic sensors market

Market leaders are focussing on strategic partnerships to enhance their product portfolio

FISO Technologies Inc., Brugg Kabel AG, OSENSA Innovations Corp., Sensor Highway Ltd., Omnisens S.A., AFL Global, Lockheed Martin Corporation, and QinetiQ Group plc. are some of the leading companies operating in the global distributed fibre optic sensor market. These companies are adopting innovative approaches to product development and are focussing on continuous operational expansion across the globe through partnerships and acquisitions.

Future Market Insights offers a 10-year forecast for the global distributed fibre optic sensor market between 2016 and 2026 in a new report titled “Distributed Fibre Optic Sensor Market: Global Industry Analysis & Opportunity Assessment 2016-2026”. In this report, we have assessed and analysed the performance of the global distributed fibre optic sensor market. Our research showcases some of the key market dynamics and also discusses the catalysts driving the market. We have also illustrated the hindrances that major players operating in the global distributed fibre optic sensor market are combating to sustain organic growth. The report not only projects the future growth of the global distributed fibre optic sensor market but also talks about current and future trends likely to impact the market.

Report description

This research report provides a detailed analysis of the global distributed fibre optic sensor market and offers insights on the various factors driving popularity of these products. We have included an extensive analysis of key industry drivers, restraints, market trends, and market structure. The market study provides a comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on distributed fibre optic sensor products across different regions globally.

The report starts with an overview of the global distributed fibre optic sensor market in terms of value. In addition, this section includes an in-depth analysis of key trends, drivers, and restraints from the supply, demand, and economy side, which are influencing the global distributed fibre optic sensor market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with pertinent decision-making insights. To understand and assess opportunities in the global distributed fibre optic sensor market, we have categorised the report into different sections based on market segmentation – by Technology, by Application, by Vertical, and by Region. The subsequent sections analyse the global distributed fibre optic sensor market based on technology, application, vertical, and region and provide a comprehensive forecast in terms of value for the next 10 years.

In the final section of the report, we have included a competitive landscape to provide a dashboard view of major companies operating in the global distributed fibre optic sensor market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global distributed fibre optic sensor market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. This section also includes detailed profiles of leading players dominating the global distributed fibre optic sensor market with an analysis of their strengths, weaknesses, opportunities, and threats and an evaluation of their short-term and long-term strategies.

Research methodology

We have conducted in-depth primary and secondary research to ascertain the overall market size of the global distributed fibre optic sensor market, top industry players, top products, industry associations, etc. The forecast presented in our report assesses the total revenue by value across the global distributed fibre optic sensor market and to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global distributed fibre optic sensor market is likely to develop in future.

Given the characteristics of the global distributed fibre optic sensor market, we have triangulated the data and further scrutinised it using advanced tools to acquire useful qualitative and quantitative insights. Our forecasts are not only in terms of CAGR, but also factor in an in-depth analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global distributed fibre optic sensor market. Further, we have analysed the different segments of the global distributed fibre optic sensor market in terms of Basis Point Share to understand individual segments’ relative contribution to overall market growth. This detailed level of information is important to identify the key trends impacting the global distributed fibre optic sensor market.

Another important feature of our report is an analysis of the global distributed fibre optic sensor market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve in the global distributed fibre optic sensor market, as well as to identify potential resources from a sales and delivery perspective. To understand key segments in terms of their growth and performance in the global distributed fibre optic sensor market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global distributed fibre optic sensor market.