Fiber Optic Sensors Market

Fiber Optic Sensors Market by Type (Intrinsic and Extrinsic), Product (Receivers, Transmitters, Fiber Optic Cables, Optical Amplifiers, and Others), Application (Temperature Sensing, Chemical Sensing, Acoustic Sensing, and Others), End-user (Transportation, Oil & Gas, IT& Telecommunications, Medical, Safety & Security, Industrial, Defense, Energy & Power, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: ICT-SE-4744
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 165
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The global fiber optic sensors market size was around USD 2.77 billion in 2021 and is projected to reach USD 6.17 billion by 2030, expanding at a CAGR of around 10.5% during the forecast period, 2022 to 2030. The growth of the market is attributed to the increasing expansion of the telecommunications industry and growing investments in civil infrastructures.

Fiber Optic Sensors Market outlook

A fiber optic sensor refers to a device that uses optic fiber technology used to measure physical quantities such as pressure, strain, temperature, acceleration, voltages, and others. Fiber optic sensors, based on photoelectric sensing technology, are used as sensing devices, which transport signals from the remote sensors to the signals processing modules. These fiber optic sensors are resistant to any electromagnetic interference and they do not conduct electricity. Fiber optic sensors can withstand extreme conditions such as high temperatures. These factors are turning fiber optic sensor solutions into a popular choice in various industries such as telecommunication, oil & gas, medical, transportation, and others. Typically, a fiber optic sensor system consists of a fiber optic cable that is connected to a remote amplifier or a sensor. Fiber optic cables have plastic or glass cores, which are surrounded by a layer of cladding material. The light is reflected and transmitted through the sensor that converts the light energy into electrical signals.

Fiber optic sensors can withstand extreme temperatures, high voltages, and unstable environments. These sensors are resistant to radio and electromagnetic frequency interference. Fiber optic sensors have multiplexing capabilities and a wide range and resolution. Fiber optic sensors are increasingly becoming a popular choice for several applications in various industries.

COVID-19 Impact

The COVID-19 pandemic affected the global fiber optic sensors market negatively. The lockdown, social distancing policies, travel bans, unavailability of raw materials & labor, and other pandemic-related restrictions caused several industries such as the gas & oil industry to shut down their operations. The closure of several factories across the globe disrupted the supply chain. The slack in the pandemic-related restrictions and regulations across the globe in recent years is expected to witness a steady increase in the global fiber optic sensors market.

Market Dynamics

The fiber optic sensor market research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The fiber optic sensors market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

Fiber Optic Sensors Market by dynamics

Major Trends:

Wide adoption of fiber optic sensors in the oil & gas industry is one of the current market trends

Fiber optic sensors can withstand high temperatures, which makes them highly suitable for various applications in the oil & gas industry. The oil and gas extraction procedures are done within high temperatures with the help of fiber optics sensors, which help boost the global fiber optic sensors market growth.

Key Drivers:

Increasing adoption of fiber optic sensors in various industries drives the global fiber optic sensors market

The fiber optic sensor is one of the most reliable technologies used in various applications such as sensing temperature and acoustics. Various industries such as oil & gas, aviation, IT & telecommunications, medical, and others increasingly adopting fiber optic sensor solutions, which is estimated to fuel the global fiber optic sensors market in the coming years.

Rising awareness of fiber optic sensors benefits to boost the global fiber optic sensors market

Fiber optic sensors offer various advantages such as light weight, flexibility, high sensitivity, energy efficiency, security, compactness, and others. These benefits are expected to increase the demand for fiber optic sensors and fuel the global fiber optic sensors market growth during the forecast period.

Existing Challenges:

High initial installation costs restrain the global market growth

Fiber optic sensor solutions are used in various types of crucial monitoring devices. The installation is a complex process that can be done by a specialist to make it properly function. This factor is anticipated to hamper the growth of the market.

Emerging Opportunities:

Growing adoption of fiber optic sensor solutions in the telecommunication industry offers growth opportunities

The continuous research and development activities in the telecommunication industry offer various innovative technologies such as hybrid wireless systems. The surging adoption of fiber optic sensor solutions in innovative technologies such as hybrid wireless systems offer lucrative growth opportunities to the market players.

Scope of the Report

The report on the global fiber optic sensors market includes an assessment of the market trends, market segments, and regional markets. Market overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Fiber Optic Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Type (Intrinsic and Extrinsic), Product (Receivers, Transmitters, Fiber Optic Cables, Optical Amplifiers, and Others), Application (Temperature Sensing, Chemical Sensing, Acoustic Sensing, and Others), and End-user (Transportation, Oil & Gas, Medical, Safety & Security, Industrial, Defense, Energy & Power, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Davidson Instruments, Inc.; Intelligent Fiber Optic Systems Corporation (IFOS); Ocean Insight; Avantes BV; Digi-Key Electronics; Honeywell International Inc.; OMRON Corporation; Agilent Technologies; Schlumberger Limited; Sintela; Finisar Corporation; Coherent Corp.; Luna Innovations; Sumitomo Electric Industries, Ltd.; ABB; Deltex Medical Group PLC; Yokogawa Electric Corporation; Omnisens; Roctest Ltd.; Banner Engineering Corp.; Solifos AG; Halliburton Company; AP Sensing GmbH; TGS; and Others

 

Market Segment Insights

Intrinsic segment drives the global market

Based on type, the global fiber optic sensors market is bifurcated into intrinsic and extrinsic. The intrinsic segment is expected to register a significant CAGR of 9.1% during the forecast period, due to the increasing demand for intrinsic fiber optic sensors to measure pressure, strain, temperature, and other physical properties. Wide adoption of these sensors in the oil and gas industry across the globe boosts the global fiber optics sensors market growth.

The extrinsic segment is anticipated to expand in the coming years, owing to the rising adoption of extrinsic sensors to employ fibers as a guide of the light towards the sensing area. These types of sensors are used to measure velocity, displacement, acceleration, vibrations, and other physical quantities, which help spur the extrinsic segment growth.

Transmitters segment holds a key market share

On the basis of product, the global fiber optic sensors market is divided into receivers, transmitters, fiber optic cables, optical amplifiers, and others. The transmitters segment is projected to witness a large share in the market revenue during the forecast period, owing to growing subsea activities across the globe. Fiber optic sensors used in transmitters are used to cover long transmission distances and high bandwidth. The increasing popularity of transmitters with fiber optic sensor solutions for system monitoring drives the transmitters segment growth.

Fiber Optic Sensors Market by product

Temperature sensing segment registers rapid growth

In terms of application, the global fiber optic sensors market is segregated into temperature sensing, chemical sensing, acoustic sensing, and others. The temperature sensing segment is estimated to hold a key market share during the forecast period, owing to the surge in the oil and gas industry across the globe. Increasing adoption of fiber optic sensors in various industries such as transportation and oil & gas for monitoring and sensing temperature boosts the temperature sensing temperature growth.

Oil & gas segment witness significant growth

According to end-user, the global fiber optic sensors market is divided into transportation, oil & gas, medical, safety & security, industrial, defense, energy & power, and others. The oil & gas segment is projected to hold a key market share during the forecast period, due to the high demand for fiber optic sensors to measure strain and temperature for drilling activities. Innovative technologies such as multiplexing technology are used for various applications in the oil & gas segment that facilitates the growth of the segment.

North America to dominate the global market

On the basis of regions, the global fiber optic sensors market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The fiber optic sensors market in North America is expected to register a high CAGR during the forecast period, owing to the increasing demand for fiber optic sensors solutions in the region. The high adoption of fiber optic sensors in the manufacturing industry and other industries in North America boosts the fiber optic sensors market in the region. The surge in the telecommunications industry in the region fuels the demand for fiber optic sensors solutions in North America. The region has several well-established market players that help in boosting the fiber optic sensors market.

The fiber optic sensors market in Asia Pacific is anticipated to grow rapidly in the coming years, owing to the surging demand for the oil & gas industry and the construction industry in the region. Rising demand for fiber optic sensor solutions for biomedical applications in countries such as India, China, and Japan fuel the fiber optic sensors market growth in the region. The increasing penetration of the aviation industry in the countries such as Malaysia, Australia, Singapore, China, India, and Thailand drive the fiber optic sensors market in Asia Pacific.

The fiber optic sensors market in Europe is estimated to register significant growth during the forecast period, due to the increasing demand for fiber optic sensors solutions in oil and gas factories across the region. High demand for fiber optic sensors for various applications such as sensor instruments, health monitoring, and others in the region spurs the market growth in Europe.

Fiber Optic Sensors Market by regions

Segments

The global fiber optic sensors market has been segmented on the basis of

Type

  • Intrinsic
  • Extrinsic

Product

  • Receivers
  • Transmitters
  • Fiber Optic Cables
  • Optical Amplifiers
  • Others

Application

  • Temperature Sensing
  • Chemical Sensing
  • Acoustic Sensing
  • Others

End-user

  • Transportation
  • Oil & Gas
  • Medical
  • Safety & Security
  • Industrial
  • Defense
  • Energy & Power
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Davidson Instruments, Inc.
  • Intelligent Fiber Optic Systems Corporation (IFOS)
  • Ocean Insight
  • Avantes BV
  • Digi-Key Electronics
  • Honeywell International Inc.
  • OMRON Corporation
  • Agilent Technologies
  • Schlumberger Limited
  • Sintela
  • Finisar Corporation
  • Coherent Corp.
  • Luna Innovations
  • Sumitomo Electric Industries, Ltd.
  • ABB
  • Deltex Medical Group PLC
  • Yokogawa Electric Corporation
  • Omnisens
  • Roctest Ltd.
  • Banner Engineering Corp.
  • Solifos AG
  • Halliburton Company
  • AP Sensing GmbH
  • TGS
  • Others

Competitive Landscape

Key players competing in the global fiber optic sensors market are Davidson Instruments, Inc.; Intelligent Fiber Optic Systems Corporation (IFOS); Ocean Insight; Avantes BV; Digi-Key Electronics; Honeywell International Inc.; OMRON Corporation; Agilent Technologies; Schlumberger Limited; Sintela; Finisar Corporation; Coherent Corp.; Luna Innovations; Sumitomo Electric Industries, Ltd.; ABB; Deltex Medical Group PLC; Yokogawa Electric Corporation; Omnisens; Roctest Ltd.; Banner Engineering Corp.; Solifos AG; Halliburton Company; AP Sensing GmbH; TGS; and others. Some of these major companies have adopted a series of business development strategies including mergers and acquisitions, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

  • In October 2020, Luna Innovations, a US-based developer and manufacturer of fiber optic technology products for various industries, partnered with Shell GameChanger program to develop the measuring on-site stresses in subsurface rock using its fiber optic sensing solutions. The partnership aim at facilitating improved well operations.
  • In May 2021, Halliburton Company, a US-based global provider of services and products for the energy sector, collaborated with TGS, a data and intelligence provider for companies in the energy sector. The collaboration facilitates the company to incorporate seismic imaging workflows of TGS into FiberVS and Odassea of Halliburton, which are acoustic sensing solutions.
  • In April 2022, Schlumberger Limited, an oilfield services company, collaborated with Sintela, a provider of advanced sensing technology, to develop innovative fiber optic solutions for various industries. These solutions integrate distributed fiber optic sensing (DFOS) collection with fiber optic solutions of Schlumberger.
Fiber Optic Sensors Market by key players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiber Optic Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fiber Optic Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fiber Optic Sensors Market - Supply Chain
  4.5. Global Fiber Optic Sensors Market Forecast
     4.5.1. Fiber Optic Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fiber Optic Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fiber Optic Sensors Market Absolute $ Opportunity
5. Global Fiber Optic Sensors Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Fiber Optic Sensors Market Size and Volume Forecast by Types
     5.3.1. Intrinsic
     5.3.2. Extrinsic
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fiber Optic Sensors Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Fiber Optic Sensors Market Size and Volume Forecast by Applications
     6.3.1. Temperature Sensing
     6.3.2. Chemical Sensing
     6.3.3. Acoustic Sensing
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Fiber Optic Sensors Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Fiber Optic Sensors Market Size and Volume Forecast by End Users
     7.3.1. Transportation
     7.3.2. Oil & Gas
     7.3.3. Medical
     7.3.4. Safety & Security
     7.3.5. Industrial
     7.3.6. Defense
     7.3.7. Energy & Power
     7.3.8. Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Fiber Optic Sensors Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Fiber Optic Sensors Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Fiber Optic Sensors Demand Share Forecast, 2019-2026
9. North America Fiber Optic Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Fiber Optic Sensors Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Fiber Optic Sensors Market Size and Volume Forecast by Types
     9.4.1. Intrinsic
     9.4.2. Extrinsic
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Fiber Optic Sensors Market Size and Volume Forecast by Applications
     9.7.1. Temperature Sensing
     9.7.2. Chemical Sensing
     9.7.3. Acoustic Sensing
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Fiber Optic Sensors Market Size and Volume Forecast by End Users
     9.10.1. Transportation
     9.10.2. Oil & Gas
     9.10.3. Medical
     9.10.4. Safety & Security
     9.10.5. Industrial
     9.10.6. Defense
     9.10.7. Energy & Power
     9.10.8. Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Fiber Optic Sensors Demand Share Forecast, 2019-2026
10. Latin America Fiber Optic Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Fiber Optic Sensors Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Fiber Optic Sensors Market Size and Volume Forecast by Types
     10.4.1. Intrinsic
     10.4.2. Extrinsic
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Fiber Optic Sensors Market Size and Volume Forecast by Applications
     10.7.1. Temperature Sensing
     10.7.2. Chemical Sensing
     10.7.3. Acoustic Sensing
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Fiber Optic Sensors Market Size and Volume Forecast by End Users
     10.10.1. Transportation
     10.10.2. Oil & Gas
     10.10.3. Medical
     10.10.4. Safety & Security
     10.10.5. Industrial
     10.10.6. Defense
     10.10.7. Energy & Power
     10.10.8. Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Fiber Optic Sensors Demand Share Forecast, 2019-2026
11. Europe Fiber Optic Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Fiber Optic Sensors Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Fiber Optic Sensors Market Size and Volume Forecast by Types
     11.4.1. Intrinsic
     11.4.2. Extrinsic
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Fiber Optic Sensors Market Size and Volume Forecast by Applications
     11.7.1. Temperature Sensing
     11.7.2. Chemical Sensing
     11.7.3. Acoustic Sensing
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Fiber Optic Sensors Market Size and Volume Forecast by End Users
     11.10.1. Transportation
     11.10.2. Oil & Gas
     11.10.3. Medical
     11.10.4. Safety & Security
     11.10.5. Industrial
     11.10.6. Defense
     11.10.7. Energy & Power
     11.10.8. Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Fiber Optic Sensors Demand Share Forecast, 2019-2026
12. Asia Pacific Fiber Optic Sensors Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Fiber Optic Sensors Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Fiber Optic Sensors Market Size and Volume Forecast by Types
     12.4.1. Intrinsic
     12.4.2. Extrinsic
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Fiber Optic Sensors Market Size and Volume Forecast by Applications
     12.7.1. Temperature Sensing
     12.7.2. Chemical Sensing
     12.7.3. Acoustic Sensing
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Fiber Optic Sensors Market Size and Volume Forecast by End Users
     12.10.1. Transportation
     12.10.2. Oil & Gas
     12.10.3. Medical
     12.10.4. Safety & Security
     12.10.5. Industrial
     12.10.6. Defense
     12.10.7. Energy & Power
     12.10.8. Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Fiber Optic Sensors Demand Share Forecast, 2019-2026
13. Middle East & Africa Fiber Optic Sensors Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Fiber Optic Sensors Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Fiber Optic Sensors Market Size and Volume Forecast by Types
     13.4.1. Intrinsic
     13.4.2. Extrinsic
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Fiber Optic Sensors Market Size and Volume Forecast by Applications
     13.7.1. Temperature Sensing
     13.7.2. Chemical Sensing
     13.7.3. Acoustic Sensing
     13.7.4. Others
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Fiber Optic Sensors Market Size and Volume Forecast by End Users
     13.10.1. Transportation
     13.10.2. Oil & Gas
     13.10.3. Medical
     13.10.4. Safety & Security
     13.10.5. Industrial
     13.10.6. Defense
     13.10.7. Energy & Power
     13.10.8. Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Fiber Optic Sensors Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Fiber Optic Sensors Market: Market Share Analysis
  14.2. Fiber Optic Sensors Distributors and Customers
  14.3. Fiber Optic Sensors Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. Davidson Instruments, Inc.
     14.4.2. Intelligent Fiber Optic Systems Corporation (IFOS)
     14.4.3. Ocean Insight
     14.4.4. Avantes BV
     14.4.5. Digi-Key Electronics
     14.4.6. Honeywell International Inc.
     14.4.7. OMRON Corporation

The global fiber optic sensors market has been segmented on the basis of

Type

  • Intrinsic
  • Extrinsic

Product

  • Receivers
  • Transmitters
  • Fiber Optic Cables
  • Optical Amplifiers
  • Others

Application

  • Temperature Sensing
  • Chemical Sensing
  • Acoustic Sensing
  • Others

End-user

  • Transportation
  • Oil & Gas
  • Medical
  • Safety & Security
  • Industrial
  • Defense
  • Energy & Power
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Davidson Instruments, Inc.
  • Intelligent Fiber Optic Systems Corporation (IFOS)
  • Ocean Insight
  • Avantes BV
  • Digi-Key Electronics
  • Honeywell International Inc.
  • OMRON Corporation
  • Agilent Technologies
  • Schlumberger Limited
  • Sintela
  • Finisar Corporation
  • Coherent Corp.
  • Luna Innovations
  • Sumitomo Electric Industries, Ltd.
  • ABB
  • Deltex Medical Group PLC
  • Yokogawa Electric Corporation
  • Omnisens
  • Roctest Ltd.
  • Banner Engineering Corp.
  • Solifos AG
  • Halliburton Company
  • AP Sensing GmbH
  • TGS
  • Others

Key players competing in the global fiber optic sensors market are Davidson Instruments, Inc.; Intelligent Fiber Optic Systems Corporation (IFOS); Ocean Insight; Avantes BV; Digi-Key Electronics; Honeywell International Inc.; OMRON Corporation; Agilent Technologies; Schlumberger Limited; Sintela; Finisar Corporation; Coherent Corp.; Luna Innovations; Sumitomo Electric Industries, Ltd.; ABB; Deltex Medical Group PLC; Yokogawa Electric Corporation; Omnisens; Roctest Ltd.; Banner Engineering Corp.; Solifos AG; Halliburton Company; AP Sensing GmbH; TGS; and others. Some of these major companies have adopted a series of business development strategies including mergers and acquisitions, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.

  • In October 2020, Luna Innovations, a US-based developer and manufacturer of fiber optic technology products for various industries, partnered with Shell GameChanger program to develop the measuring on-site stresses in subsurface rock using its fiber optic sensing solutions. The partnership aim at facilitating improved well operations.
  • In May 2021, Halliburton Company, a US-based global provider of services and products for the energy sector, collaborated with TGS, a data and intelligence provider for companies in the energy sector. The collaboration facilitates the company to incorporate seismic imaging workflows of TGS into FiberVS and Odassea of Halliburton, which are acoustic sensing solutions.
  • In April 2022, Schlumberger Limited, an oilfield services company, collaborated with Sintela, a provider of advanced sensing technology, to develop innovative fiber optic solutions for various industries. These solutions integrate distributed fiber optic sensing (DFOS) collection with fiber optic solutions of Schlumberger.
Fiber Optic Sensors Market by key players

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