“Distributed Fibre Optics Sensing market set to grow to $30.7 bn by 2029” says new Visiongain report

21 February 2020
Defence

Visiongain has launched a new electronics report Distributed Fibre Optics Sensing Market 2020-2030: Forecasts for Type (Single-mode and Multi-mode), Scattering (Rayleigh, Raman, and Brillouin), Operating Principle (OTDR and OFDR), Industry (Oil and Gas, Power and Utility, Safety and Security, Civil Engineering, Industrial) and Geography (North America, Europe, APAC and Rest of the World).

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 enormous assistance in curbing real-world catastrophes in these fields.

From a regional segmentation perspective, North America has seen highest revenue during the year 2019 which is attributed for the growing number of technological advancements and a continual development of fracking techniques is boosting the sales in the region. On the other hand, Asia-pacific region has reported the highest growth average during the forecast period. The reason is attributed to the increase in the application of distributed fibre optics is the thriving industrial sector and the growing scope of its application in the region.

The Visiongain report analyst commented "Ongoing investment and market consolidation will be strong over the long term as large-scale, ongoing programmes coming to fruition drives investment in the market. Additionally, rising technological advancement in established markets will drive growth in different submarkets."

Leading companies featured in the report who are developing QinetiQ, Baker Hughes, CGG, Fotech Solutions, NKT Photonics, Lockheed Martin, Northrop Grumman, Future Fibre Technologies Ltd, Southwest Microwave, Magal Security Systems, Silixa Ltd, Weatherford International, Halliburton Corporation, Bandweaver.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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