Fiber optic sensors enable relaying of signals from a remote sensor to the destination where it can be processed. Some of the major factors driving the fiber optic sensor market are their small size, low on power consumption, high sensitivity and resistant to electromagnetic interference among others. These sensors are characterized as intrinsic and extrinsic fiber sensors.
The report contains the global scenario of Fiber Optic Sensors market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the Fiber Optic Sensors market size, production forecasts along with key factors driving and restraining the market.
The fiber optic sensors market is buoyed by an expanding demand for industrial applications with sophisticated functionalities. The report on the global fiber optic sensors market provides a snapshot of this industry from 2015 to 2023. The report focuses on trends and driving factors that will contribute to the growth of the market for fiber optic sensors. Considering that this market is extensively influenced by technological advancements; this market research report lays emphasis on enumerating technical milestones in the fiber optic sensors technology. Among other critical factors, this report discusses the need for power-efficiency and miniaturization in the market for fiber optic sensors.
End-use segments analyzed in the fiber optic sensors market research report are: defense and aerospace, automotive, biomedical, telecom, and testing and measurement.
The application segments featured in this report include: automotive, petrochemicals, telecommunications, civil infrastructure, industrial process control.
Our analysts utilize Porter’s five forces impact analysis to establish the future bargaining power of suppliers, buyers, the threat of new entrants, competitive landscape, and threats (if any) from substitute products. The report analyzes the entire value chain of the fiber optic sensors market to single out opportunities that can be effectively monetized.
Overview of the Fiber Optics Sensors Market
With fast-paced technological advancement in the fiber optics sensors market, market players have introduced highly power-efficient and ultra-miniature fiber optic sensors. The need for reliable and robust sensors has evidently brought about a change in the materials and manufacturing processes used. All of these trends have brought about positive growth in the market for fiber optic sensors. Other applications such as crack monitoring in structures made of concrete have driven the market as well. As compared to other monitoring technologies, sensors that use fiber optics are preferred for their ability to spot concrete-structure cracks and structural damage as minute as 0.15 mm.
Some other advantages of fiber optics are: resistance to electromagnetic interference, low power consumption, and high sensitivity. Besides their use in LAN operations and the telecommunications industry, fiber optic sensors are also widely being utilized in the oil and gas industry, wind energy generation, homeland security operations, and smart buildings.
However, these sensors are still not regarded as being affordable. Their high deployment costs remain a hindrance to growth. But this scenario could change as government funding initiatives are boosting R&D in the fiber optics field.
Market Segmentation for Fiber Optic Sensors
- Extrinsic Fiber Optic Sensors
- Intrinsic Fiber Optic Sensors
Key players in the fiber optic sensors market are: OMRON Corp, ifm Efector Inc, Banner Engineering Group, and Sick AG. Other fiber optic manufacturing firms featured in the report are: Honeywell Sensing and Control, Avensys Tech, Agilent Technologies Inc., Intelligent Fiber Optic System Corp, Avantes B.V., Photonics Laboratories Inc., Davidson Instruments, and Ocean Optics Inc.
Geographies analyzed under this research report:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
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- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments