Distributed Fiber Optic Sensor Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2025
“The globally distributed fiber optic sensor market size was accounted for USD 892.0 million in 2018. It is projected to grow at a CAGR of 10.8% over the forecast period, 2019 to 2025.”
The global distributed fiber optic sensor (DFOS) market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global distributed fiber optic sensor (DFOS) market is estimated to touch USD 1.87 billion, by 2025, and is projected to grow at the CAGR of 10.8% over the forecast period, 2019 to 2025, according to a new report by Million Insights. The increasing demand from oil & gas and civil engineering application is projected to spur market growth. Fiber optics are highly reliable in streams, pipes, and reactors wherein manual inspection is difficult. In addition, they are helpful in health monitoring, and security applications for preventing any intrusion. Growing demand for sophisticated structure in industrial automation, for enhanced urban mobility is boosting the demand for fiber optical sensors. Governments across the globe are emphasizing on developing new projects and conserving their existing infrastructure. This has substantially increased investment in railway, dam, and road construction projects. Furthermore, rapid development in the civil engineering sector is anticipated to proliferate the demand for fiber optic sensor. Market Share Insights Leading players in the market include Schlumberger Limited, Halliburton, Yokogawa Electric Corporation, Qinetiq Group PLC, OFS Fitel, LLC, Omnisens SA, AP Sensing GmbH, Luna Innovations Incorporated, and Brugg Kable AG.