2015 Photonic Sensor Revised and Expanded Market Report

Fiber optic sensor market (Source: igigroup)

Fiber optic sensor market (Source: igigroup)

The distributed fiber optic sensor market stood at US$ 585 million in 2013. The market was projected to approach 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 b forecast according to an updated and expanded market survey report conducted by the Photonic Sensor Consortium and published by Information Gatekeepers. The long term picture is still optimistic, but a short term contraction is likely.
The expanded report provides much greater detail for how the market is forecasted for specific technologies. Data is provided in graphic and tabular formats. The market is broken down for DTS, Bragg grating, DAS, interferometric and Brillouin scattering technologies in relation to the various market segment applications (oil and gas, military, homeland security, smart structures, etc.). In addition, the two dominant technologies (DTS and Bragg gratings) show relative market share by the major suppliers.
Distributed fiber optic sensors are an enabling technology that creates smart systems in a variety of applications. There is no other technology that can provide critical process control information spatially throughout the well in real time over long periods. Without smart well technology, fracture monitoring and analysis and applications like steam assisted gravity drainage (SAGD) would be very difficult to effectively implement.
The forecast covers distributed fiber optic sensing systems including sensor elements, fiber optic cables, interrogators and software. (Source: The Information Gatekeepers Group)

Links: The Information Gatekeepers Group

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