17 June 2021
Visiongain has published a new report on Distributed Fibre Optic Sensing (DFOS) Market Report 2021-2031: Forecasts by Operating Principle (OTDR, OFDR), by Application (DTS, DAS), by Type (Single Mode, Multi-Mode), by Scattering (Rayleigh Scattering Effect, Raman Scattering Effect, Brillouin Scattering), by Industry (Oil & Gas, Power & Utility, Safety & Security, Civil Engineering, Industrial) AND Regional and Leading National Market Analysis PLUS Analysis of Leading DFOS Companies AND COVID-19 Recovery Scenarios.
Global distributed fiber optic sensing market was valued at US$xx million in 2020. The market is expected to witness a CAGR of xx% from 2021 to 2026 and is expected to reach US$xx million in 2026 from its previous value of US$xx million in 2021. Visiongain further anticipates that the region will reach US$xx million in 2031 while growing at a CAGR of xx% from 2021 to 2031.
High Potential in the Offshore Industry to Offer Lucrative Growth Opportunities for Distributed Fiber Optic Sensing (DFOS) Market
The market for offshore oil and gas industry is expected to be driven by the increase in offshore drilling activities. This combined with high investment done in an effort to explore new reserves for oil and gas would drive the offshore oil and gas industry. However, environmental concern has been a biggest challenge for the expansion of the offshore industry. Distributed sensors act as a major resource that detects any kind of leaks and drives the market for the offshore industry. Distributed temperature sensing for offshore activities is majorly used for downhole monitoring. Distributed sensing is a major part of surveillance strategy where the data is collected through various monitoring devices. The collected data improves the understanding of the complex structure network in the reservoir. The collected data has many uses and can be used as a tool to control flow alleviation and production optimization, in the detection of sand in a downhole and assess the operation status of gas lift valves, among others. This makes assessment of production possible and improves modes, or outs down the losses in the oil and gas production Owing to this reason, the offshore industry is expected to offer a major opportunity for the growth of this market.
Growing Demand from the Civil Engineering Vertical to Boost DFOS Market Growth
The use of distributed fiber optic sensors in civil engineering vertical has been continuously increasing primarily for the purpose of structural health monitoring. The primary objective behind the increasing penetration of distributed sensors in the civil engineering vertical is to have a better understanding of the structural condition and economically efficient management of infrastructure. Geotechnical structures, pipeline, bridges, and dams are the major areas where the penetration of structural health monitoring in the civil engineering industry is increasing. The major advantage of the next-generation sensors is the ability to measure strain, temperature, or pressure over numerous locations simultaneously. Along with it, the ability to deploy distributed sensors in any kind of challenging environment and real time tracking of structural malfunctions are the key reasons behind the increased use of distributed sensing in the civil engineering industry.
High Cost of DFOS System to Challenge Distributed Fiber Optic Sensing (DFOS) Market Growth
Distributed sensor systems enable companies to monitor the difficult work environments and gain a real-time data with high accuracy. The market is growing because of its various advantages such as accuracy and reliability of distributed fiber optic sensor system. However, the cost of the technology is still relatively high depending upon the applications, the type of cable used, and operating conditions the cost of a distributed fiber optic sensor system can be very high which is still not affordable by every company regaining real-time monitoring and sensing. Additionally, the installation and the maintenance of these systems are also expensive which makes its implementation difficult. Thus, the high cost of DFOS systems is anticipated to challenge for the growth of the distributed fiber optic sensing market over the forecast period from 2021 to 2031.
Analysis of Key Players Profiled in this Report
• Baker Hughes, Inc.
• Febus Optics
• Fotech Solutions Ltd.
• Future Fiber Technologies (AVA Group)
• Halliburton Corporation
• Hifi Engineering
• Luna Innovations Incorporated
• Magal Security Systems
• NBGHawk Measurement Systems
• Network Integrity Systems
• PureTech Systems
• NKT Photonics
• QinetiQ Group plc
• Frauscher Sensonic GmbH
• Silixa LTD
• Southwest Microwave Inc.
• Weatherford International
• Yokogawa Electric Corporation
Notes for Editors
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