Market Research Report
Fiber Optic Sensors Global Market Forecast & Analysis 2021-2031
|Fiber Optic Sensors Global Market Forecast & Analysis 2021-2031|
Published: January 11, 2022
Content info: 721 Page PDF plus Excel file
Delivery time: 1-2 business days
Announcing the ElectroniCast forecast of global market consumption of Fiber Optic Sensors. The 2021-2031 quantitative market review and forecast data, presented in this study report, are segmented into the following geographic regions, plus a Global summary:
The market forecast data is presented and segmented in two main sections:
The Point Sensor Forecast further segmented by the following sensing/measuring quantity (measurand) types:
Note - Cover image credit: Freepik Company, S.L.
The market forecast of the Fiber Optic Point Sensors is segmented by the following end-user applications:
In this ElectroniCast study, the Distributed Fiber Optic Sensor function in systems is counted by individual channel link (or line), which include several components (optoelectronic transmitter/receiver, connectors, optical fiber, cable (fiber jacket), other passive components, and immediate enclosures; the quasi-continuous system also includes the FBG sensor elements, which are embedded into the sensing fiber (software is not included). Types of Distributed Fiber Optic System Channel Lines:
Continuous Distributed sensing (optical fiber line used in a system) provides continuous, real-time measurements along the entire length of a fiber optic cable; continuous distributed sensing does not rely upon manufactured sensors but utilizes the optical fiber.
Quasi-Continuous Distributed sensing (optical fiber line used in a system) utilizes Fiber Bragg Gratings (FBGs), which have been employed as sensing elements where dense (closely-spaced) sensing points are required, and the FBGs are multiplexed with various methods.
Distributed Fiber Optic Sensor Systems typically have several channel links (fiber lines).
The values shown in this ElectroniCast study report are obtained by multiplying an (one) individual completed channel, which includes one fiber optic line (or link) and associated components for that one line (optoelectronic transmitter/receiver, connectors, optical fiber, cable (fiber jacket), other passive components, and immediate enclosures; and with Grading-Based systems, sensing elements (FBGs) are included in the list of components for each individual channel.
Therefore, the quantities (volume) and average selling prices are represented for the one system channel link (also known as a line or string). Not all systems are filled to channel capacity; therefore, customers add more channel lines or replace old lines with new lines as required over months or over years ("grow as you go").
For the first time, in an ElectroniCast multiple-client report, the Distributed Sensor Forecast is further segmented by the following sensing/measuring quantity (mechanical measurand) types:
This study report provides a review of applicable technologies, including:
Also included in this report from ElectroniCast is an extensive list of 200-fiber optic sensor manufacturers and related companies, along with a matrix table classifying the types of sensors technologies. Market share estimates (2021) for the selected leading competitors are also provided.
Microsoft Excel Spreadsheets: The market forecast data are presented for fiber optic sensors, segmented by the following functions:
Market analysis and technology forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief create a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces.
The future market for a particular type of fiber optic sensor product category depends on a number of factors, including:
This study is based on analysis of information obtained continually over 35 years, but updated through early January 2022. Continuously, ElectroniCast analysts performed interviews with selected authoritative and representative individuals in the fiber optics industry plus automotive, petrochemical/energy/utilities, civil engineering/ construction, telecommunications, data communication, military/ aerospace/ security and other (multiple) industries, instrumentation/ laboratory - R&D and factory/manufacturing, from the standpoint of both suppliers and users of fiber optic sensors. The interviews were conducted principally with:
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.
Selected customers also were interviewed, to obtain their estimates of quantities received and average prices paid, as a crosscheck of vendor estimates. Customer estimates of historical and expected near term future growth of their application are obtained. Their views of use of new technology products were obtained.
The analyst then considered customer expectations of near-term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations in each geographical region, to derive estimated growth rates of quantity and price of each product subset in each application. These forecasted growth rates are combined with the estimated baseline data to obtain the long-range forecasts at the lowest detailed level of each product and application.
A full review of published information was also performed to supplement information obtained through interviews. The following sources were reviewed:
In analyzing and forecasting the complexities of the geographic regional markets for fiber optic sensors it is essential that the market research team have a good and a deep understanding of the technology and of the industry. <>ElectroniCast members who participated in this report were qualified.
ElectroniCast forecasts are developed initially at the lowest detail level, then summed to successively higher levels. The background market research focuses on the amount of each type of product used in each application in the base year (2021), and the prices paid at the first transaction from the manufacturer. This forms the base year data. ElectroniCast analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends toward digital broadband communication equipment usage and economic payback.
The quantities of fiber optic transmitters/ receivers, connectors, splitters, specialty and single-mode/multimode glass fiber and plastic optical fiber and several other optical communication components used in a particular application are interrelated. Since ElectroniCast conducts annual analysis and forecast updates in each component field, accurate current quantity estimates are part of the corporate database. These quantities are cross-correlated as a "sanity check".
ElectroniCast, each year since 1985, has conducted extensive research and updated their forecasts of each fiber optic component category. As technology and applications have advanced, the number of component subsets covered by the forecasts has expanded impressively.
The calculation and analysis data spreadsheet technique is based upon input/output analysis, leveraging the quantitative consumption quantity, price and value of each item in each application at all levels to achieve reasonable quantitative conclusions; this interactive analysis concept, first applied on a major scale by Leonteff, of the US Department of Commerce, in the mid-1950s, was then adopted successfully by analyst/forecasting firms Quantum Science, Gnostic Concepts and (in 1981) by Jeff D. Montgomery, the founder of ElectroniCast.
The following details are important in interpreting the data presented in the study results/report:
The quantitative forecasts and value calculations for the Fiber Optic Sensor Global Market Forecast proceeded as follows:
The prices shown in any of the ElectroniCast market data are the estimated or forecasted average prices paid during the indicated calendar year. These are the original manufacturer's ("factory") prices invoiced to the first (original) customer, or transfer prices for internal (captive) production. They take into account the typical purchase quantities and related quantity discounts, as well as the variation in performance specifications between one user and another. The costs of supplier testing, qualification, documentation and other ancillary costs are included in the price calculation. This is the main factor making prices for military products substantially higher than prices for similar commercial products. The price for any particular purchase may vary widely from the average, depending on quantity, specifications and competitive bidding pressures.
The application category of a fiber optic sensor is determined by the final application ("end-use") and ownership of that product.
The change in the dollar value of the inventory between two different accounting periods. The forecasting models predict this change rather than the absolute magnitudes of the inventory levels. Normally, this is the most volatile of all of the adjustments, and has several components: parts, work-in-process, finished goods, pipeline, and imported subassembly.
Noncapitalized labor refers to research, design engineering, manufacturing development, and start-up, costs of new production lines. It does not include capital equipment and associated setup costs, marketing support, or normal production support. It does include expense incurred while prototyping and developing a new process or production line.
January, 2022 - The coronavirus pandemic remains a major concern throughout the world. In most countries, many "non-essential" businesses are limited, employment is affected by "on and off again" quarantine or limited quarantine of the public. However, over the last year most governments have eased the quarantine status. Depending on political, economic, health and several other consideration factors, some restrictions could be extended several more months. Because of the impact on production, sales, shipment and implementation (and other) caused by the negative effects of the coronavirus (COVID-19) and the waves of multiple variants of the virus, ElectroniCast is forecasting a challenge to deployment of fiber optic sensor consumption in 2022.
ElectroniCast methodology in determining the downturn of the consumption (use) of fiber optic sensors, begins with the volume (quantity) forecast, before any considerations of the coronavirus impact. Then, we evaluated current manufacturing (not only fiber optic sensors, but all relative components, products and services), inventory, distribution channels, shipping, logistics, sales/marketing channels, user restrictions, with the emphasis on actual possibility of installations for both essential and non-essential or selective implementation of the subjected applications or other. Other considerations include: financial/economy in general, employment (staffing) of all levels, such as technology research, design, implementation, production, marketing/sales, management, OEM capability and product/service demand, distributors, sales agents, customers (at all levels), and many other concerns were considered.
All of the volume (unit quantity) evaluations were followed by evaluation of average selling price assessment, based on all of the (same) volume methodology assessments.