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Fiber Optics Sensor Market - Forecasts from 2025 to 2030

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    Report

  • 140 Pages
  • December 2024
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 4600952
The fiber optics sensor market is predicted to expand at a CAGR of 7.99% to account for US$ 4.89 trillion by 2030 from US$ 3.33 trillion in 2025.

Fiber optic sensors represent a technology for automated measurement of different critical measurements. The surging demand is due to its increased utilization in structural health monitoring in civil, aerospace, and energy applications. With the increasing research and development, its unique capabilities have led to multiple commercial demonstrations.

For example, in October 2024, STL, an optical and digital solutions company, achieved a significant advancement in the cost and performance of Fibre Optic Sensing (FOS) technology. STL's FOS solution now embeds its advanced AI models in the Nvidia Jetson series modules, offering optimized performance in fibre optic sensing. STL's platform is a proven AI/ML stack for FOS with several million training hours. These recent AI applications would pioneer the future boost in the application of the fiber optics sensor.

Further, according to the World Integrated Trade Solution (WITS), the top importers of Instruments and apparatus using optical radiation are the European Union with an import amount of $2,257,220.37K, followed by China with $2008,529.68K, and the United States $1,637,486.25K in 2023.

Fiber optics sensor market drivers

Rising number of internet users

The growing number of internet users worldwide has created the application of fiber optics sensors in Information Communication and technology. These sensors can be applied in bus operation, and up to 16 devices can be connected to a bus system, which has several benefits.

According to the International Telecommunication Union (ITU), the offline population steadily declined to 2.6 billion people in 2023. The total number of internet users in 2022 was 5.1 billion, which was 64% of the world population, and rose to 67% with 5.4 billion in 2023. The expansion of internet users will create a demand for fiber optic sensors.

Fiber optics sensor market Geographical outlooks

The United States in the North American region holds significant shares of the Fiber optics sensor market.

The fiber optic sensor market's growth in the United States is driven by several key factors, positioning it as a leader in this technology sector. This growth trajectory is largely attributed to the increasing demand for advanced sensing technologies across various industries, particularly in oil and gas, civil engineering, and safety and security.

The oil and gas industry has significantly contributed to this market expansion, accounting for the largest revenue share due to the critical applications of fiber optic sensors in pipeline monitoring, leak detection, and real-time data collection for operational efficiency. The ability of distributed fiber optic sensors (DFOS) to provide continuous monitoring over long distances without being affected by electromagnetic interference enhances their appeal in environments where traditional sensors may fail. According to energy.gov, oil, natural gas, and coal provide 80% of the American energy. Furthermore, according to the International Energy Agency, the oil and gas industry was the highest, resulting in an estimated increase of 11% in 2023 to USD 528 billion compared to USD 474 billion in 2022.

Technological advancements have also played a crucial role in the market's growth. Innovations such as Rayleigh and Raman effect-based sensing technologies are being increasingly adopted for their ability to measure multiple parameters simultaneously along the length of a fiber, making them invaluable for applications ranging from structural health monitoring to environmental surveillance. The integration of these technologies into existing infrastructure is supported by regulatory compliance requirements that necessitate accurate and reliable data collection, further driving market expansion.

Reasons for buying this report:

  • Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
  • Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
  • Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
  • Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
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Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

  • Historical data & forecasts from 2022 to 2030
  • Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
  • Competitive Positioning, Strategies, and Market Share Analysis
  • Revenue Growth and Forecast Assessment of segments and regions including countries
  • Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Fiber optics sensor market is segmented and analysed as below:

By Type

  • Intrinsic Fiber-optic Sensor
  • Extrinsic Fiber-optic Sensor

By Application

  • Chemical Sensor
  • Physical Sensor
  • Bio-medical Sensor

By Industry Vertical

  • Healthcare
  • Oil and Gas
  • Defense and Aerospace
  • Information Communication and Technology
  • Others

By Geography

  • North America
  • South America
  • Europe
  • Middle East and Africa
  • Asia-Pacific

Table of Contents

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for Stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. FIBER OPTICS SENSOR MARKET BY TYPE
5.1. Introduction
5.2. Intrinsic Fiber-optic Sensor
5.3. Extrinsic Fiber-optic Sensor
6. FIBER OPTICS SENSOR MARKET BY APPLICATION
6.1. Introduction
6.2. Chemical Sensor
6.3. Physical Sensor
6.4. Bio-medical Sensor
7. FIBER OPTICS SENSOR MARKET BY INDUSTRY VERTICAL
7.1. Introduction
7.2. Healthcare
7.3. Oil and Gas
7.4. Defence and Aerospace
7.5. Information Communication and Technology
7.6. Others
8. FIBER OPTICS SENSOR MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Type
8.2.2. By Application
8.2.3. By Industry Vertical
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Type
8.3.2. By Application
8.3.3. By Industry Vertical
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Type
8.4.2. By Application
8.4.3. By Industry Vertical
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Italy
8.4.4.5. Spain
8.4.4.6. Others
8.5. Middle East and Africa
8.5.1. By Type
8.5.2. By Application
8.5.3. By Industry Vertical
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. By Type
8.6.2. By Application
8.6.3. By Industry Vertical
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Australia
8.6.4.6. Indonesia
8.6.4.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Opsens Solutions
10.2. Omron Corporation
10.3. Banner Engineers Corp.
10.4. Hamamatsu Photonics K.K.
10.5. Broadcom Inc.
10.6. TE Connectivity
10.7. Panasonic Corporations
10.8. Takenaka Electronic Industrial Co., Ltd.
10.9. Specto Technology
10.10. Sick AG

Companies Mentioned

  • Opsens Solutions
  • Omron Corporation
  • Banner Engineers Corp.
  • Hamamatsu Photonics K.K.
  • Broadcom Inc.
  • TE Connectivity
  • Panasonic Corporations
  • Takenaka Electronic Industrial Co., Ltd.
  • Specto Technology
  • Sick AG

Methodology

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Table Information