Global Fiber Optic Sensor (FOS) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : ICT Date : March 13th, 2019
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The global fiber optic sensor market is likely to generate a demand of USD 5.20 billion by 2024, witnessing a CAGR of 6.2 % during the forecast period. The market growth can be primarily attributed to the growing application in oil & gas vertical, rising demand for data-based analysis, and increasing research and development activities. Additionally, considerable growth in telecommunication industry is further impelling the growth of the market. The years used for the assessment are as follows:

  • Historical year : 2014, 2015 and 2016
  • Base year : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total fiber optic sensor market  and it various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global FOS market.
  •  Finalizing the overall size and share for the global fiber optic sensor market

OBJECTIVES:

  • To classify the global FOS market into segments on the basis of type, component, end-use, and region and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the global fiber optic sensor market
  • Profiling key companies operating in the global FOS market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for global fiber optic sensor market is as follows:

  • By Type
    • Intrinsic Fiber Optic Sensors
    • Extrinsic Fiber Optic Sensors
  • By Component
    • Transmitters
    • Receivers
    • Optical Amplifiers
    • Others
  • By End-Use
    • Defense
    • Oil & Gas
    • Healthcare
    • Energy & Utilities
    • Telecommunication
    • Automotive and Transportation
    • Industrial Manufacturing and Processing
    • Others
  • By Region:
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • South America
    • Middle East and Africa

The global fiber optic sensor market was valued at USD 3.42 billion in 2017, and is likely to generate a demand of USD 5.20 million by 2024, witnessing a CAGR of 6.2% during the forecast period. The market growth is primarily attributed to the growing application in oil & gas vertical, rising demand for data-based analysis, and increasing research and development activities. Additionally, considerable growth in telecommunication industry is further impelling the growth of the market.

Increasing deployment of fiber optic sensor in various vertical has led to increased investment in fiber optic sensing technology. In addition, development of subsequent calibration tests associated with fiber optic sensors has been carried out with reasonable success. Also, FOS facilitates measurement of temperature when better immunity to electromagnetic interference is needed, and thereby can be used in various applications such as RF treatment and magnetic resonance imaging. Besides, in medical sector number of miniature fiber optic sensors based on intensity modulation has also been successfully commercialized in recent years.

Geographically, North America is accounted to hold the largest market share during the forecast period, The regional market includes key countries such as U.S., Canada, and Mexico. Increasing adoption of the applications in various verticals, and presence of key players in the region are expected to augment the market growth in the region. Asia-Pacific is likely to register the fastest CAGR in fiber optic sensor market, owing to the increasing demand for fiber optic sensor in oil& gas industry in the region. In addition, rapid expansion of telecomm industry is further anticipated to fuel the market growth during the forecast period.

Major players operating in the global fiber optic sensor market include Omron, FBGS Technologies GmbH, Proximion, Smart Fibres Ltd., Sensornet, IFOS,  Northrop Grumman Corporation, Redondo Optics, Bandweaver, AFL, TE Connectivity Ltd., SensoPart Industriesensorik GmbH, Luna, Baumer, Micron Optics, Leviton Manufacturing Co., DSIT Solutions Ltd., and Pepperl & Fuchs Pvt. Ltd.Global Fiber Optic Sensor Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Fiber Optic Sensor (FOS)- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global fiber optic sensor Market

3.4. Value Chain Analysis

3.5. Market opportunities & trends

3.5.1. Rapid growth of software industry

3.6. Market dynamics

3.6.1. Market driver analysis

   3.6.1.1. Increasing R&D activities

   3.6.1.2. Increasing demand for FOS in Oil & Gas industry

   3.6.1.3. Rising deployment of FOS in defense service operations

3.6.2. Market restraint analysis

   3.6.2.1. High-sensitivity of the sensors

3.6.3. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive analyses

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Fiber Optic Sensor Market Size and Forecast (2014 – 2024)

5.1. Global Fiber Optic Sensor Market, By Type (USD Billion)

5.1.1. Intrinsic Fiber Optic Sensors

5.1.2. Extrinsic Fiber Optic Sensors

5.2. Global Fiber Optic Sensor Market, By Component (USD Billion)

5.2.1. Transmitters

5.2.2. Receivers

5.2.3. Optical Amplifiers

5.2.4. Others

5.3. Global Fiber Optic Sensor Market, By End-Use (USD Billion)

5.3.1. Defense

5.3.2. Oil & Gas

5.3.3. Healthcare

5.3.4. Energy & Utilities

5.3.5. Telecommunication

5.3.6. Automotive and Transportation

5.3.7. Industrial Manufacturing

5.3.8. Others

CHAPTER 6. Global Fiber Optic Sensor Market Size and Forecast, By Geography (2014-2024)

6.1. North America Fiber Optic Sensor Market (USD Billion)

6.1.1. North America Fiber Optic Sensor Market, By Type (USD Billion)

6.1.2. North America Fiber Optic Sensor Market, By Component (USD Billion)

6.1.3. North America Fiber Optic Sensor Market, By End-Use (USD Billion)

6.1.4. North America Fiber Optic Sensor Market, By Country (USD Billion)

  6.1.4.1. U.S.

  6.1.4.2. Canada

  6.1.4.3. Mexico

6.2. Europe Fiber Optic Sensor Market (USD Billion)

6.2.1. Europe Fiber Optic Sensor Market, By Type (USD Billion)

6.2.2. Europe Fiber Optic Sensor Market, By Component (USD Billion)

6.2.3. Europe Fiber Optic Sensor Market, By End-Use (USD Billion)

6.2.4. Europe Fiber Optic Sensor Market, By Country (USD Billion)

  6.2.4.1. UK

  6.2.4.2. Germany

  6.2.4.3. France

  6.2.4.4. Rest of Europe

6.3. Asia-Pacific Fiber Optic Sensor Market (USD Billion)

6.3.1. Asia-Pacific Fiber Optic Sensor Market, By Type (USD Billion)

6.3.2. Asia-Pacific Fiber Optic Sensor Market, By Component (USD Billion)

6.3.3. Asia-Pacific Fiber Optic Sensor Market, By End-Use (USD Billion)

6.3.4. Asia-Pacific Fiber Optic Sensor Market, By Country (USD Billion)

  6.3.4.1. China

  6.3.4.2. Japan

  6.3.4.3. India

  6.3.4.4. Taiwan

  6.3.4.5. South Korea

  6.3.4.6. Rest of Asia-Pacific

6.4. Rest of the World (RoW) Fiber Optic Sensor Market (USD Billion)

6.4.1. Rest of the World Fiber Optic Sensor Market, By Type (USD Billion)

6.4.2. Rest of the World Fiber Optic Sensor Market, By Component (USD Billion)

6.4.3. Rest of the World Fiber Optic Sensor Market, By End-Use (USD Billion)

6.4.4. Rest of the World Fiber Optic Sensor Market, By Country (USD Billion)

  6.4.4.1. South America

  6.4.4.2. Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Omron

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. FBGS Technologies GmbH

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Proximion

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Smart Fibers Ltd.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Sensornet

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. IFOS

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Northrop Grumman Corporation

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Redondo Optics

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Bandweaver

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. TE Connectivity Ltd.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. AFL

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. SensoPart Industriesensorik GmbH

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

7.13. Luna

7.13.1. Business Overview

7.13.2. Product and Service Offering

7.13.3. Financial Overview

7.13.4. Strategic Developments

7.14. Baumer

7.14.1. Business Overview

7.14.2. Product and Service Offering

7.14.3. Financial Overview

7.14.4. Strategic Developments

7.15. Micron Optics

7.15.1. Business Overview

7.15.2. Product and Service Offering

7.15.3. Financial Overview

7.15.4. Strategic Developments

7.16. Leviton Manufacturing Co.

7.16.1. Business Overview

7.16.2. Product and Service Offering

7.16.3. Financial Overview

7.16.4. Strategic Developments

7.17. DSIT Solutions Ltd.

7.17.1. Business Overview

7.17.2. Product and Service Offering

7.17.3. Financial Overview

7.17.4. Strategic Developments

7.18. Pepperl & Fuchs Pvt. Ltd.

7.18.1. Business Overview

7.18.2. Product and Service Offering

7.18.3. Financial Overview

7.18.4. Strategic Developments

Global Fiber Optic Sensor (FOS) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024