Distributed Fiber Optic Sensor Global Market Sees Growth Rate Of 12% Through 2026

The global distributed fiber optic sensor market size is expected to grow from $0.93 billion in 2021 to $1.04 billion in 2022 at a compound annual growth rate (CAGR) of 11.6%. The global distributed fiber optic sensors market size is expected to grow to $1.63 billion in 2026 at a CAGR of 11.8%.

What is the Global Distributed Fiber Optic Sensor Market?

The distributed fiber optic sensor market consists of sales of fiber optic sensors by entities (organizations, sole traders, and partnerships) that are used to strain, temperature, and acoustic perturbations along with the performance of optical fiber networks. The distributed fiber optic sensors are generally used in high voltage electricity regions and are designed to withstand high temperatures. These are deployed to the high electromagnetic zone where electronic sensors cannot operate.

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What drives the Global Distributed Fiber Optic Sensor Market?

The increase in consumption of oil and gas is driving the growth of the distributed fiber optic sensor market. Oil and gas are products that are made by vaporizing and cracking petroleum distillates. The increased consumption of oil and gas can be fulfilled by exploration and drilling activities thereby leading to demand the fiber optic sensors for these activities. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the consumption of petroleum products increased by 4.5% to 213.69 million metric tons in 2020. Therefore, the increase in consumption of oil and gas is promoting the growth of the distributed fiber optic sensor market.

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Global Distributed Fiber Optic Sensor Market Segments
The global distributed fiber optic sensor market is segmented:
By Type: Single-Mode, Multimode
By Technology: Brillouin Scattering, Raman Scattering, Rayleigh Scattering
By Application: Strain Sensing, Temperature Sensing, Acoustic/Vibration Sensing, Pressure Sensing, Others
By End-User: Oil and Gas, Power and Utility, Safety and Security, Industrial, Civil Engineering
By Geography: The regions covered in the distributed fiber optic sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Distributed Fiber Optic Sensor Global Market Report 2022provides market size and growth forecasts for the global distributed fiber optic sensor market, global distributed fiber optic sensor market share, distributed fiber optic sensor market segments and geographies, distributed fiber optic sensor market competitive landscape including leading competitors’ revenues, profiles and market shares. The distributed fiber optic sensor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Distributed Fiber Optic Sensor Industry Playersinclude AFL, AP Sensing GmbH, Baker Hughes Inc., Bandweaver, Brugg Kable AG, Fotech Solutions Ltd., Future Fiber Technologies Ltd., Halliburton, LIOS Technology GmbH, Luna Innovations Incorporated, OFS, Omnisens, Qinetiq Group PLC, Schlumberger Limited, Tendeka Group, Weatherford International, and Yokogawa Electric Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.