2015 Photonic Sensor Revised and Expanded Market Report

The distributed fiber optic sensor market stood at US$ 585 million in 2013. It 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 billion 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 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. The initial commercialization efforts focused on military applications. However, the need to function in harsh environments and the development of optical fiber technology that can survive in these applications has significantly impacted the oil and gas industry.
Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors: Nonelectrical, explosion-proof, small size and weight, allow access into normally inaccessible areas and harsh environments, immune to radio frequency interference (RFI) and electro-magnetic interference (EMI), solid-state reliability, high accuracy and can facilitate distributed sensing. (Source: IGI Group)
Links: IGI Group

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