The distributed fiber optic sensor industry has garnered $1,096 million revenue in 2021, and it is projected to rise at the rate of 8.50% from 2021 to 2030, to generate $2,285 million revenue in 2030.
The growing demand for optic
sensing, used in numerous industries, such as civil, aerospace, automotive,
energy, and rising offshore drilling activities along with growing investments
in exploring new reserves for gas and oil fuel distributed fiber optic sensor
industry growth.
Moreover, the rising usage of
distributed sensors in applications, including pipeline monitoring, structural
health monitoring, control, and border monitoring helps in controlling the
industry expansion.
The Rayleigh scattering
effect holds a substantial revenue in 2021, and it is projected to retain its
dominance in the coming years. It is ascribed to analyzing the quality of a
wide range of materials, such as liquids, solids, and materials. The
application of high-stakes circumstances such as huge structures’ security,
fire detection, and coolant leak detection with the usage of cutting-edge data
processing techniques.
The rising construction
application of distributed fiber optic sensors is unceasingly rising in
structural health monitoring. Distributed sensors are widely used to better
understand structural conditions and infrastructure management.
Structural health monitoring
in the civil engineering sector is rising. It includes pipelines, geotechnical
structures, dams, and bridges. The potential to monitor temperature, strain, or
pressure simultaneously over a large number of sites is the major advantage of
next-generation sensors.
The rising usage of
distributed sensing in the civil engineering sector is led by its flexibility
to be deployed in any kind of demanding environment and its ability to track
real-time structural issues.
The temperature sensing
category holds the largest industry share, of 43% in 2021, and it is projected
to retain its dominance in the near future. It is attributed to the growing
demand for workplace safety, dependability on DTS systems or sensors for
monitoring applications in extreme conditions, and rising usage of temperature
sensors in the industrial, civil engineering, infrastructural, oil & gas,
energy, and utility industries.
The oil & gas industry
captures the largest revenue share in the industry, and it is expected to
follow the same trend in the coming future, rising at a rate of 9.2%. It is
attributed to rising application of these sensors in the oil & gas industry
for upstream and downstream processes, natural gas extraction, mentoring
storage & transportation, subsea monitoring, research, and refining
process.
The growing requirement for
well temperature monitoring, and accessing authentic pictures of physical
wellbore parameters also propel the industry.
These sensors provide
numerous benefits, such as precise results in remote locations, enhanced
operations, and economic performance of assets resulting in the expansion of
the industry.
In addition, the
infrastructure and civil engineering category are projected to experience the
fastest growth from 2021 to 2030. It is led by rising DFOS usage to enhance
accuracy and inspection efficiency, infrastructure expansion across the globe,
and a better understanding of efficient infrastructure management in low-cost,
and structural conditions.
Therefore, the rising
requirement for optic sensing in various industries boosts the demand for optic
sensors.
