“Distributed Fibre Optics Sensing market valued at $1.04bn 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 Communication market set to grow to $229.1bn by 2028” says new Visiongain report

Military customers continue to look for systems that will allow greater network connection across a broader spectrum and which enable faster, richer, less costly and more flexible communications across a diverse range of terrains and military environments, whilst maintaining ease of use and familiarity for the solider.

25 March 2019

Read

“Visiongain reveals Top 20 Distributed Fibre Optic Sensing (DFOS) Companies market share & competitive positioning”

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.

14 March 2019

Read

“Smart Sensors market set to grow to US$ 310.7mn by 2029” says new Visiongain report

This exciting market is expected to reach US$310.7mn in 2029, due the expanding use and greater proliferation of the technology.

01 March 2019

Read

“Supersonic and Hypersonic Missiles market worth $11.1 billion in 2019” says Visiongain report

Supersonic and hypersonic missile technology is being increasingly looked at by military and defence forces across the world owing to successful testing such weapons systems by countries such as China and Russia.

28 February 2019

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