14 March 2019
Visiongain has launched a new defence report Top 20 Distributed Fibre Optic Sensing (DFOS) Companies 2019: Leading Companies Developing Distributed Acoustic Sensing (DAS), Distributed Temperature Sensing (DTS), Fibre Optic Acoustic Sensing (FOAS) & Other Technologies for Oil & Gas, Power & Utility, Safety & Security, Industrial & Civil Engineering Applications.
Distributed fibre optics sensing is a sensing technology that enables continuous, real-time measurements along the length of the fibre optic cable. Unlike the traditional sensors that depend on the discrete sensors, distributed sensing technology utilizes the optical fibre as a sensing element without the help of any additional transducers in the optical path. Distributed sensors are usually used for acquiring temperature, strain and acoustic data. These sensors detect, locate, classify multiple threats in real-time along with the full extent of the pipeline. The application of distributed fibre optic sensors in various fields such as oil and gas, power and utility and civil engineering provides process optimisation and can prevent potentially costly real-world catastrophes in these respective fields.
The Visiongain report analyst commented "The Distributed Fibre Optic Sensing market is a relatively new and embryonic market. Indeed, it seems that new applications for this technology are emerging every year. Consequentially, Visiongain believes that this market will enjoy substantial growth during the forecast period, and will grow at a CAGR of 11.4% from $1,040m in 2019 to become worth $3,074.1m in 2029."
The top 20 companies featured in the report are Baker Hughes, Northrop Grumman, QinetiQ, CGG, Magal Security Systems, Lockheed Martin, Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Luna Innovations Incorporated, Bandweaver, Weatherford International PLC, Silixa Ltd., Southwest Microwave, Future Fibre Technologies, Fotech Solutions, AP Sensing, NKT Photonics, OmniSens S.A., and Ziebel AS.
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The global distributed fibre optic sensing (DFOS) market was valued at US$1,192 million in 2021 and is projected to grow at a CAGR of 9.0% during the forecast period 2022-2032.
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