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GLOBAL MARKET FOR FIBER OPTIC SENSORS TO REACH $2.5 BILLION IN 2017
- By Electronics.ca Research Network
- Published November 30, 2011
- Other Research
In a recent release, FIBER OPTIC SENSORS: GLOBAL MARKETS, total worldwide revenues for Fiber optic sensors were $859 million in 2010 and more than $1.2 billion in 2011. In 2012, global market value is forecast to be more than $1.5 billion and, given a compound annual growth rate (CAGR) of 10.5%, is projected to increase to more than $2.5 billion in 2017.
The global market for fiber optic sensors can be broken down into two categories – intrinsic and extrinsic.
The intrinsic segment made will be worth nearly $1.5 billion in 2012 and in 2017 should be worth $2.2 billion, a CAGR of 8.8%.
The extrinsic segment, estimated to be worth $72 million in 2012, should be worth nearly $303 million in 2017, a CAGR of 33.3%.
Fiber optic sensors (FOS) make up a technology that originated in the telecommunications industry as a means to measure network performance along the length of a fiber network. Far from being impervious to environmental conditions, the flow of light through a fiber varies with temperature, strain, and other factors. While fiber network owners attempt to minimize these factors, fiber optic sensor designers look to analyze these responses for different applications.
The fiber optic sensors segment is no longer an emerging technology, as it has filled an important niche in the energy and defense markets. The cost to performance ratio remains a limitation to the adoption of the technology, however, because the high price must be justified for the new, proposed uses.
This report is a complete market information source for serious players in the fiber optic sensors marketplace. Network system integrators, market managers, management consultants, equipment managers, material suppliers, and venture capital managers are among the report’s intended key audience.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: FIBER OPTIC SENSORS: GLOBAL MARKETS.
The global market for fiber optic sensors can be broken down into two categories – intrinsic and extrinsic.
The intrinsic segment made will be worth nearly $1.5 billion in 2012 and in 2017 should be worth $2.2 billion, a CAGR of 8.8%.
The extrinsic segment, estimated to be worth $72 million in 2012, should be worth nearly $303 million in 2017, a CAGR of 33.3%.
Fiber optic sensors (FOS) make up a technology that originated in the telecommunications industry as a means to measure network performance along the length of a fiber network. Far from being impervious to environmental conditions, the flow of light through a fiber varies with temperature, strain, and other factors. While fiber network owners attempt to minimize these factors, fiber optic sensor designers look to analyze these responses for different applications.
The fiber optic sensors segment is no longer an emerging technology, as it has filled an important niche in the energy and defense markets. The cost to performance ratio remains a limitation to the adoption of the technology, however, because the high price must be justified for the new, proposed uses.
This report is a complete market information source for serious players in the fiber optic sensors marketplace. Network system integrators, market managers, management consultants, equipment managers, material suppliers, and venture capital managers are among the report’s intended key audience.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: FIBER OPTIC SENSORS: GLOBAL MARKETS.
