October 25, 2014

Distributed Fiber Optic Sensor Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium. The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 11years, the Consortium has tracked the market and provided overall projections and market…

Global Fiber Optic Sensors Market Analysis

Fiber Optic Sensors market is projected to reach US$3.5 billion by 2020, driven by expanding application possibilities in traditional end-use markets such as aerospace and defence, oil & gas exploration, infrastructure development and telecom industries, and emerging opportunities in new application areas.