Distributed Fiber Optic Sensing Market Substantial Growth Opportunities by 2025

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.

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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.

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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.

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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.

Increased R&D Activities to Drive Distributed Fiber Optic Sensing Market

San Francisco, California, January 16, 2018: Distributed Fiber Optic Sensing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025 is the latest report added in the vast research report repository of TMR Research. The given research report sheds light on the global market landscape of the distributed fiber optic sensing. The research report is a result of compilation of extensive primary as well as secondary research methodologies. The research report makes use of inputs from industry experts, surveys, and personal interviews to provide an in-depth qualitative as well as quantitative evaluation of the global distributed fiber optic sensing market. The report also consists of crucial information gathered from the prominent companies that are playing their trade in the global distributed fiber optic sensing market. A separate evaluation of the macro as well as micro-economic directives, driving factors of the market, current trends, mandates, and regulation that govern the overall development of the global market for distributed fiber optic sensing are also given out in the report.

Distributed fiber optic sensing is a kind of technology that provides unique potential for the continuous real time measurement of numerous variables such as temperature, acoustic perturbations, and strain. Unlike the conventional sensing technologies that rely on the inputs from discrete sensors at a pre determined points, distributed sensing relies on the complete length of the optical fiber. Hence, the optical fiber utilized in the overall sensing setup is the sensing component, barring any requirement for an additional transducers of produced sensors in the optical pathway. As a result the distributed fiber optic sensing is thought to be price effective technology and can also be used even in the most unusual, remotest, and harshest environments.

The global distributed fiber optic sensing market is expected to witness a steady development and growth at a considerable pace in the coming years of the given forecast. Increasing activities of research and development in the area have resulted in the better understanding of the numerous possible applications of the distributed fiber optic sensing, especially in the area of civil engineering. Distributed fiber optic sensing solutions are now becoming increasingly popular for application such s geotechnical monitoring, pipeline monitoring, bridge monitoring, and dam monitoring among others. The growth in the deployment of distributed fiber optic sensing solutions in the field of oil and gas industry is also expected to drive the overall growth of the global market in the coming years of the forecast period of 2017 to 2025.

In terms of geography, the global market for distributed fiber optic sensing can be segmented into key geographical regions such as Asia Pacific, Europe, North America, and the Middle East and Africa. Of these regions, the global market is expected to be dominated by North America in terms of revenue generation. The strict compliance to the security and safety regulations across the high growth sectors such as energy, power, oil and gas, and utility in the region is expected to continue the dominance of North America in the global market for the next few years.

In the exceedingly aggressive market, organizations are depending on the creation of altered arrangements as an approach to guarantee feasible returns; the simplicity in synchronization gave by redid items crosswise over particular end-utilize areas is a key factor deciding the ease of use of a distributed fiber optic sensing framework. Some of the key players in the global market for distributed optic fiber sensing market include names such as 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.

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