“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.

Recent News

Visiongain Publishes X-Band Radar Market Report to 2031

Growing threat of unprecedented terrorist threats amid coronavirus pandemic is anticipated to propel the growth of x-band radar market over the forecast timeframe.

29 March 2021

Read

Visiongain Publishes VTOL UAV Market Report to 2031

VTOL (vertical take-off and landing) UAVs are finding huge demand from defense forces, owing to the runway-less take-off and landing feature associated with such aircraft. Moreover, the growing usage of VTOL UAVs in numerous applications, for instance, aerial remote sensing, product delivery, surveying & mapping, monitoring, and agriculture, is also bolstering the growth of the VTOL UAV market.

29 March 2021

Read

Visiongain Publishes Vetronics Market Report to 2031

Rising investments for the development of ultra-powerful radars and other communication systems by the major industry players is expected to raise the requirement to upgrade existing communication systems. This is expected to drive the growth of global vetronics market.

29 March 2021

Read

Visiongain Publishes Unmanned Underwater Vehicles Market Report to 2031

The growth of unmanned underwater vehicles market can be credited largely to the growing number of deep-water offshore oil & gas production activities (owing to rising demand for oil & gas) across the globe.

29 March 2021

Read

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