Market Research Report
Distributed Fiber Optic Sensors
|Distributed Fiber Optic Sensors|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 269 Pages
Delivery time: 1-2 business days
Global Distributed Fiber Optic Sensors Market to Reach $2.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Distributed Fiber Optic Sensors estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at aCAGR of 13.9% over the period 2020-2027. Optical Time Domain Reflectometry (OTDR), one of the segments analyzed in the report, is projected to record 14.6% CAGR and reach US$2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optical Frequency Domain Reflectometry (OFDR) segment is readjusted to a revised 12.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $298.7 Million, While China is Forecast to Grow at 18.1% CAGR
The Distributed Fiber Optic Sensors market in the U.S. is estimated at US$298.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$623.8 Million by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR.
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