Distributed Fiber Optic Sensor Market Appendix and Development Forecast 2018-2022

1. Distributed Fiber Optic Sensor Market Appendix and Development Forecast 2018-2022 “The global distributed fiber optics sensor market was valued at USD 0.65 billion in 2015 and is expected to reach USD 1.71 billion by 2022, at a CAGR of 15.09% between 2016 and 2022.” The global Distributed Fiber Optics Sensor Market was valued at USD 0.65 billion in 2015 and is expected to reach USD 1.71 billion by 2022, at a CAGR of 15.09% between 2016 and 2022. The growth of this market is propelled by increasing applications in the oil and gas vertical, increasing demand from the civil engineering vertical, and reliability of distributed fiber optic sensors while working in challenging environments. Distributed fiber optic sensors are the devices which use fiber optic cable for the measurement of temperature, acoustics, pressure, and strain along the length of the fiber. The benefit of using distributed fiber optic sensor is that it provides real-time measurement of physical parameters as temperatures, vibrations, or strain are recorded along the length of optical sensor cable, and its reliability to operate in harsh environment. Some industries such as oil and gas sector, power and utility, safety and security, and civil engineering require distributed fiber optic sensors for monitoring purpose that can operate reliably at harsh working environments and are also immune to any kind of electromagnetic interference. This report analyzes the distributed fiber optic sensors market segmented on the basis of operating principle, fiber type, scattering process, application, vertical and geography. The OTDR operating principle led the global distributed fiber optics sensor market in terms of market share in 2015 driven by majority of the companies engaged in the manufacturing of the distributed fiber optic sensors producing the sensors based on OTDR operating principle. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=113715879

2. The market for multimode fiber based sensors expected to hold a larger size of the distributed fiber optic sensor market by 2022. Multimode fiber based sensors are preferred in the oil and gas vertical as the systems have been tested and been in use for a long period primary because of its ability to operate reliably in harsh conditions. However, the use of single-mode fibers is slowly increasing. These fibers are used to cover long distances and, hence, are being used by power and utility and civil engineering vertical. The market for Rayleigh scattering effect by scattering method is expected to hold the largest size of the distributed fiber optic sensor market by 2022. Raman scattering effect is the most preferred scattering method owing to the property of maintaining a balance between the range to which it can sense physical parameters and the accuracy with which it can measure physical parameters. “Market for oil and gas vertical expected to hold the highest market share between 2016 and 2022” Oil and gas was the first vertical to start using distributed fiber optic sensors for various applications. In this vertical, the distributed fiber optic sensors are primarily used for the accurate monitoring of well temperature and for obtaining a detailed picture of the physical parameters of the wellbore. Also, the use of distributed sensors for the continuous and real-time downhole monitoring to optimize the operational and economic performance of the assets in the oil and gas plants is another reason driving the Distributed Fiber Optic Sensing market (DFOS) for oil and gas vertical. Browse Full Research Report @ https://www.marketsandmarkets.com/requestCustomization.asp?id=113715879 “Distributed Fiber Optic Sensing Market (DFOS) for acoustic sensing application expected to grow at the highest CAGR during the forecast period” Distributed acoustic sensors are used to measure any kind of acoustic or vibrational change by using a distributed optical fiber which can measure this change along its length. The market for acoustic sensing application is expected to grow at the highest rate because of this technology being a new one and owing to a complimentary role played by a sensor along with the temperature sensing. Also, an enhanced sensitivity of the acoustic sensors, compared to the temperature sensors, would act as a major factor encouraging the penetration of these sensors for acoustic sensing applications in the oil and gas, power and utility, and civil engineering verticals. Distributed acoustic sensors are mostly used by the verticals such as oil and gas, safety and security, and civil engineering. “Market in APAC expected to grow at the highest rate during the forecast period” The market in APAC is expected to be the fastest-growing market. The market in APAC is segmented into India, China, South Korea, and Rest of APAC. APAC is a major market for various verticals using the distributed fiber optic sensors for various applications, such as oil and gas, power and utility, safety and security, industrial and civil engineering. Growing power and utility, and oil and gas vertical in the region leading to the increased demand for distributed fiber optic sensors in these verticals is a crucial factor driving the market in this region.

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