Fibre Optic Sensors Market expects Asia-Pacific to provide fastest growing demand till at least 2021.
The Fibre Optic Sensors Market deals with the development, manufacture and distribution of optical fibre sensors. A fibre optic sensor was initially created with an objective of measuring the condition and efficiency of optical fibre networks. The optical fibre component can either be used for sending/receiving signals, or for sensing a particular element or event (also known as an optical sensor).
Optical fibre sensors have attributes like in-built resistance to electromagnetic interference as well as being a bad conductor of electricity. These attributes open up opportunities like being utilized around flammable or volatile material like fuel or electricity.
Scope & Regional Forecast of the Fibre Optic Sensors Market
The optical fiber applications for the industrial sector have grown increasingly complex in recent years. Such a demand has inevitably led to a greater focus on research and subsequent technological advances. Smaller and more power efficient fibre optic sensing equipment has become the norm as it is being employed for various industrial applications. According to IndustryARC, a diverse range of optical fiber applications are set to drive the Fibre Optic Sensors Market demand in the future.
The growing awareness of climate change has pushed the industrial sector into measuring the changes or havoc it is wrecking on the environment. Whether it is a fiber optic pressure sensor or a fiber optic temperature sensor, industries are investing a lot of money on equipment for checking quality. Fiber optic temperature measurement sensor coupled with fiber optic pressure sensor are especially popular in the oil & gas industry.
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As Asia-Pacific has swiftly turned into a major manufacturing powerhouse, the Fibre Optic Sensors Market is expected to receive its fastest growing demand from this region. The major drivers of growth for the Fibre Optic Sensors Market within Asia are expected to be China and India.
Segmentation & Key Players of the Fibre Optic Sensors Market
The key vendors in the Fibre Optic Sensors Market have recognized the growing need for fibre optic sensing instruments and are taking appropriate steps for future growth. Investments in optical sensor research and development are set to increase, innovations and diverse applications are being continuously scouted and the efforts to raise public awareness are being undertaken.
The Fibre Optic Sensors Market can be broken down into various segmentations on the basis of –
End-Users: Oil & Gas, Pipelines, Infrastructure, Geothermal, Process Control and Others.
Technology: Brillouin Scattering, Raman Scattering, Rayleigh Scattering, and Fibre Bragg Gratings.
Some of the key players involved in the Fibre Optic Sensors Market according to IndustryARC are as follows:
- Micron Optics
- Honeywell Sensing and Control
- US Seismic Systems Inc.
- OSENSA Innovations Corp
- AFL Global
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