Market Research Report
Fiber Optic Sensors Global Market Forecast & Analysis 2019-2029
|Fiber Optic Sensors Global Market Forecast & Analysis 2019-2029|
Published: June 18, 2020
Content info: 683 Pages
Delivery time: 1-2 business days
Announcing the ElectroniCast analysis and forecast of global market consumption of Fiber Optic Sensors. The 2019-2029 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 are 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.
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").
This study report provides a review of applicable technologies, including:
Also included in this report from ElectroniCast is an extensive list of 190-fiber optic sensor manufacturers and related companies, along with a matrix table classifying the types of sensors technologies. Market share estimates (2019) for the selected leading competitors are also provided.Market Forecast Data Base - 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 creates 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 30 years, but updated through the middle of June 2020. Continuously, ElectroniCast analysts performed interviews with 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.
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.