The distributed fiber optic sensor market consists of the revenue earned by entities from providing distributed fiber optic sensor solutions that can intelligently monitor various variables such as temperature, strain, and acoustic disturbances, thereby enabling continuous, real-time measurements along the entire length of the fiber optic cable. The market value includes the value of the related goods sold by the service provider or included in the provision of the service. The distributed fiber optic sensor market also includes the sale of distributed fiber optic sensors based on Rayleigh, Brillouin and Raman scattering. The value in this market is the "factory gate" value, which is the value of goods sold by the manufacturer or creator of the goods to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to the end customer. The value of goods on this market includes the related services sold by the creator of the goods. Distributed fiber optic sensors are generally used in high voltage power areas and are designed to withstand high temperatures. These are deployed in areas of high electromagnetics where electronic sensors cannot operate under strain, temperature and acoustic disturbances and the performance of fiber optic networks. North America is the largest region in the distributed fiber optic sensors market in 2022. Asia Pacific is expected to be the fastest growing region during the forecast period. The regions covered in the Distributed Fiber Optic Sensors Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The main types of distributed optical fiber sensors are single-mode and multi-mode. The core diameters of single-mode and multi-mode are 9 microns and 50 microns respectively. The technical field includes Brillouin scattering, Raman scattering and Rayleigh scattering. These techniques are used to detect strain, temperature and other effects. The market is segmented by application, including strain sensing, temperature sensing, acoustic/vibration sensing, pressure sensing, and other applications used by end-users such as oil and gas, power and utilities, safety and security, industrial and civil engineering. The increase in consumption of oil and gas is driving the growth of the distributed fiber optic sensors market. Oil and gas are products made by vaporizing and cracking petroleum fractions. The increase in oil and gas consumption can be met through exploration and drilling activities, leading to the demand for fiber optic sensors for these activities. For instance, according to the Indian Brand Equity Foundation, an export promotion agency of the Indian government, the consumption of petroleum products increased by 4.5% to 213.69 million tons in 2020. Therefore, the increase in oil and gas consumption is driving the growth of the petroleum products distributed fiber optic sensors market. Technological advancements are shaping the distributed fiber optic sensors market. Key players in the market are focusing on developing new technologies to lead the market. For example, in May 2021, AP Sensing, a German-based distributed optical sensing technology company, launched its fifth-generation distributed acoustic sensing (DAS) system using acoustic sensing technology. It uses optical cables and acoustic vibrations to detect and locate events in real time, such as high-voltage power cable failures, pipeline leaks, third-party interference (TPI) activities or other abnormal events, at a distance of up to 100 kilometers. In November 2021, Resonetics, a US-based designer and manufacturer of high-precision fiber optic temperature probes, pressure sensors, and signal conditioners, acquired FISO Technologies Inc. from Nova Metrix LLC for an undisclosed amount. With this acquisition, Resonetics will add FISO’s revolutionary fiber optic capabilities, giving customers better access to another new technology that has proven effective in multiple clinical applications. FISO Technologies Inc. is a Quebec-based developer and manufacturer of fiber optic sensors and signal conditioners. The countries covered in the Distributed Fiber Optic Sensors Market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the US. Market value is the revenues received by an enterprise from the sale of goods and/or services in a specific market and geography, either through sales, grants or donations, expressed in local currency (US dollars unless otherwise noted). Geography-specific revenues are the value of consumption, i.e. revenues generated by organisations in a specific geography within a market, regardless of where they are generated. It does not include revenues that are resold along the supply chain, either further up the supply chain or as part of other products. Distributed Fiber Optic Sensors Market Research Report is one of a series of new reports that provide Distributed Fiber Optic Sensors market statistics, including the Distributed Fiber Optic Sensors industry global market size, regional shares, competitors with Distributed Fiber Optic Sensors market share, detailed Distributed Fiber Optic Sensors market segments, market trends and opportunities, and any other data you may need to thrive in the Distributed Fiber Optic Sensors industry. This Distributed Fiber Optic Sensors Market Research Report provides a complete perspective on everything you need and an in-depth analysis of the industry’s current and future scenarios. |
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