Tag Archives | Photonic Sensor Consortium

Impact of Oil Price Drop on Fiber Optic Sensors Market

The distributed fiber optic sensor market stood at $585 million in 2013. The market was projected to be $1.5 billion in 2018 with 70% associated with the oil and gas segments. The sudden and unexpected drop in oil prices will negatively impact the market with the overall forecast falling short of the $1.5 billion forecast […]

Continue Reading