“Distributed Fibre Optics Sensing market valued at $1.4bn in 2019” says new Visiongain report

28 November 2018
Defence

Visiongain has launched a new defence report Distributed Fibre Optics Sensing (DFOS) Market 2019-2029: 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 Optic 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 the enormous assistance in curbing the real-world catastrophes in their respective fields. From a regional segmentation perspective, North America has seen the highest revenue during the year 2017 which is attributed for the growing number of technological advancements and continual development of fracking techniques in the region which is boosting the sales in the region. On the other hand, the 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 in the thriving industrial sector and the growing scope of its application in the region.

The Visiongain analyst commented "The main source of growth within the DFOS market over the forecast period will be in the Submarket for Oil & Gas. Although the volatility in oil and gas prices, such as the recent drop to $40 a barrel may adversely affect the DFOS Submarket for Oil & Gas in the short term, Visiongain believes that overall oil prices will be stable over the forecast period as a whole and spending on DFOS products relating to Upstream Oil & Gas will retain its ability for growth. Furthermore, spending in this Submarket is even more probable considering that DFOS technology represents an interesting cost-cutting opportunity for the market, and as such shall be nonetheless pursued, even when the oil and gas industry suffers significant losses of global revenue. Whilst the early history of DFOS solutions was marred by the initial failures of DTS systems due to material degradation; the energy industry now has full confidence and trust in DFOS products for well monitoring and VSP."

Leading companies featured in the report who are developing DFOS technologies include QinetiQ, Baker Hughes, CGG, Fotech Solutions, NKT Photonics, Lockheed Martin, Northrop Grumman, Future Fibre Technologies Ltd, Southwest Microwave, Magal Security Systems, Silixa Ltd

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.

Recent News

“Military Hyperspectral Imaging market set to grow to $11.1bn by 2029” says new Visiongain report

Hyperspectral Imaging refers to sensing devices that allow users to perform high-resolution spectroscopy to identify and visualize the different objects at a significant distance from the observer/user.

19 December 2018

Read

“Global Military Smart Weapons market set to grow to $21,695mn in 2019” says Visiongain report

The market for Military Smart Weapons is expected to witness growth over the forecast the period 2019-2029.

19 December 2018

Read

“The Chemical, Biological, Radiological and Nuclear (CBRN) defence market set to grow to $15,193mn by 2029” says new Visiongain report

CBRN or the Chemical, Biological, radiological and Nuclear Defence means the precautions or the protective measures which are taken in case of such disasters.

19 December 2018

Read

“Military Simulation market set to reach $10 billion in 2019” says new Visiongain report

Developments in simulation technology have led to an increasing application of simulators in a military capacity.

06 December 2018

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever
WOOCS 2.2.1