PUBLISHER: TechNavio | PRODUCT CODE: 1693115
PUBLISHER: TechNavio | PRODUCT CODE: 1693115
The fiber optic sensors market is forecasted to grow by USD 2303 million during 2024-2029, accelerating at a CAGR of 10.7% during the forecast period. The report on the fiber optic sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high deployment of fiber optic sensors in applications involving high temperatures, surging demand for fiber optic sensors in infrastructure sector, and need for enhanced safety and emergence of new refinery projects.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 9.4% |
CAGR | 10.7% |
Incremental Value | $2303 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's fiber optic sensors market is segmented as below:
By End-user
By Type
By Application
By Geographical Landscape
This study identifies the shift from copper to optic fibers as one of the prime reasons driving the fiber optic sensors market growth during the next few years. Also, increasing adoption of traditional strategies by market companies and growing demand for data analysis will lead to sizable demand in the market.
The report on the fiber optic sensors market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fiber optic sensors market vendors that include AP Sensing GmbH, Aragon Photonics Labs. S.L.U., Bandweaver, Banner Engineering Corp., Baumer Holding AG, Coherent Corp., FBGS Technologies GmbH, Honeywell International Inc., Hottinger Bruel and Kjaer GmbH, ifm electronic gmbh, Keyence Corp., Luna Innovations Inc., Northrop Grumman Corp., OMRON Corp., Prysmian SpA, Resonetics, Rockwell Automation Inc., Sensuron LLC, SICK AG, and Yokogawa Electric Corp.. Also, the fiber optic sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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