Global Information Inc. would like to present a new market research report, "Fiber Optic Sensors Market Forecast (February 2015)" by ElectroniCast.
According to ElectroniCast, during the 2011-2016 timeline, the consumption value will grow at an impressive average annual rate of 20.5% from $1.34 billion to $3.39 billion. Market forecast data refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
Monitoring and data transmission using fiber optic sensors and optical fiber in cabling is now commonplace in various applications, via intrinsic fiber optic sensors or extrinsic fiber optic sensors. With an intrinsic sensor, one or more of the sensing/measuring quantity or physical properties (measurand) of the optical fiber passes through or inside the optical fiber and therefore experiences a change. Extrinsic sensing takes place in a region outside of the optical fiber and the optical fiber acts as a transmission media of light to and from (linking) the sensing interface.
Fiber optic sensor technology has experienced impressive growth since ElectroniCast first started providing market and technology analysis of the subject since the early 1980s. In fact their analysts were tracking the various advanced photonic technologies, since 1976.
The worldwide consumption value for fiber optic intrinsic sensors is forecast to increase at an average annual growth rate of nearly 20.7% during the 2011-2016 timeframe covered in this market forecast study by ElectroniCast; the use of fiber optic interface extrinsic sensors is forecast to increase at 18.15% per year.
According to ElectroniCast, during the 2011-2016 timeline, the consumption (use) value will grow at an impressive average annual rate of 20.5% from $1.34 billion to $3.39 billion.
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