The global distributed fiber optic sensor market is expected to attain a value of $1,970.1 million by 2023, and it is projected to grow at a CAGR of 15.0% during the forecast period (2017–2023).
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Distributed sensing takes advantage of optical fiber and does not rely upon manufactured sensors, as opposed to traditional sensors, which utilize individual sensors measuring at pre-decided points. Distributed sensors replace the deployment of numerous sensors with a single optical fiber system.
Furthermore, the optical fiber is manageable, lightweight, unaffected by electromagnetic interference, and available at low cost, which makes it a flexible and economical sensor medium.
Traditional sensors can only inspect physical parameters. DFOS in a monitoring probe, therefore, is predicted to be one of the core technologies to reveal information on different structures, which would result in an increasing demand for such devices.
One of the major trends in the distributed fiber optic sensor market is the use of such devices for structure health monitoring (SHM). Diagnosing the health of structures is leading to the development of distributed fiber sensors, as the effective measurement of the strains and internal stress affecting the structures’ frameworks is not possible with traditional sensors.
Thus, the rising demand for DFOS by the oil & gas vertical and the growing reliability of DFOS are leading to the growth of the market.
