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
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.
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.
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.
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.
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