Fiber Optic Sensors Global Market Forecast

According to ElectroniCast, the combined use of Continuous Distributed and Point fiber optics sensors will reach $3.98 Billion in 2017…

ShenzhenSeptember 20, 2013  — ElectroniCast Consultants, a leading market/technology forecast consultancy, today announced the release of their market forecast and analysis of the global consumption Fiber Optic Point Sensors and Continuous Distributed Fiber Optics Sensor system links.

According to ElectroniCast, during the 2012-2017 timeline, the consumption value will grow at an impressive average annual rate of 20.3% from $1.58 billion to $3.98 billion.  Market forecast data refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

Monitoring and data transmission using fiber optic sensors and optical fiber in cabling is now commonplace in various applications, via intrinsic fiber optic sensors or extrinsic fiber optic sensors.  With an intrinsic sensor, one or more of the sensing/measuring quantity or physical properties (measurand) of the optical fiber passes through or inside the optical fiber and therefore experiences a change.  Extrinsic sensing takes place in a region outside of the optical fiber and the optical fiber acts as a transmission media of light to and from (linking) the sensing interface.

Fiber optic sensor technology has experienced impressive growth since ElectroniCast first started providing market and technology analysis of the subject since the early 1980s.  In fact their analysts were tracking the various advanced photonic technologies, since 1976.

DATA FIGURE

According to ElectroniCast, the consumption value of fiber optic sensors (Continuous Distributed + POINT) will grow at an impressive average annual rate of 20.3% from $1.58 billion to $3.98 billion.

Fiber Optic Sensor

Fiber Optic Sensor

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