{"id":343,"date":"2014-07-08T10:08:37","date_gmt":"2014-07-08T10:08:37","guid":{"rendered":"http:\/\/www.dkphotonics.com\/blog\/?p=343"},"modified":"2014-07-08T10:08:37","modified_gmt":"2014-07-08T10:08:37","slug":"fiber-optic-sensors-global-market-forecast-dk-photonics","status":"publish","type":"post","link":"https:\/\/www.dkphotonics.com\/blog\/fiber-optic-sensors-global-market-forecast-dk-photonics\/","title":{"rendered":"Fiber Optic Sensors Global Market Forecast- DK Photonics"},"content":{"rendered":"<p><em>According to ElectroniCast, the combined use of Continuous Distributed and Point fiber optics sensors will reach $4.33 Billion in 2018\u2026<\/em><\/p>\n<p><strong><em>Aptos, CA (USA) \u2013 <\/em><\/strong><strong><em>February 14<\/em><\/strong><strong><em>, 2014<\/em><\/strong><strong><em>\u00a0&#8212;<\/em><\/strong>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 <em>and<\/em> Continuous Distributed Fiber Optics Sensor systems.<\/p>\n<p>According to ElectroniCast, the consumption value is forecast to increase at an impressive 18% per year from $1.89 billion in 2013 to $4.33 billion in 2018.\u00a0 Market forecast data refers to consumption for a particular calendar year; therefore, this data is not cumulative data.<\/p>\n<p>Continuous Distributed fiber optic sensor systems involve the optic fiber with the sensors embedded with the fiber.\u00a0 ElectroniCast counts each Point fiber optic sensor as one unit; however, the volume of Distributed Continuous <a href=\"http:\/\/www.dkphotonics.com\/\">fiber optic sensors<\/a> is based on a complete optical fiber line and associated other components, which are defined as a system.<\/p>\n<p>The use of Distributed Continuous fiber optic sensors in the Military\/Aerospace\/Security application category maintains the lead in 2014, followed by the Petrochemical\/ Energy sector.\u00a0 The Civil Engineering\/Construction sector, which includes continuous fiber sensors used in Structural Health Monitoring (SHM) as well as other concerns in buildings, bridges, tunnels, towers, and other structures, is also forecast for strong growth.\u00a0 Inspection and quality control frequently constitute the largest portion of production costs for many industries.<\/p>\n<p>\u201cThere is a growing need for improved measurement solutions, which offer higher precision, speed and accuracy and provide better in-process measurement of moving objects, resulting in lower costs for better products.\u00a0 Relatively speaking, the Manufacturing\/ Factory segment tends to favor point sensors instead of distributed fiber systems,\u201d stated Stephen Montgomery, Director of the <a href=\"http:\/\/www.dkphotonics.com\/\">Fiber Optics Components<\/a> group at ElectroniCast Consultants.<\/p>\n<p>\u201cThe Biomedical\/ Science sector is a relatively minor user of Distributed Continuous fiber optic sensors, in terms of consumption value, since the length of optical fiber is (very) short versus the other applications; therefore the average selling prices for the distributed continuous fiber optic sensor systems are low compared to the larger (longer length of optical fiber) distributed continuous fiber optic sensor systems used in other applications. The consumption value of Distributed Continuous fiber optic sensor systems is forecast to grow at 23% per year from $1.099 billion in 2013 to $3.096 billion in the year 2018,\u201d Montgomery added.<\/p>\n<p><strong>DATA FIGURE<\/strong><\/p>\n<p>According to ElectroniCast, the consumption value of fiber optic sensors (continuous distributed systems + Point-types) will increase from $1.89 billion in 2013 to $4.33 billion in 2018.<\/p>\n<p style=\"text-align: center; \"><strong>Fiber Optic Sensor Global Consumption Market Forecast<\/strong><\/p>\n<p style=\"text-align: center; \"><strong>Point vs. Distributed Continuous<br \/>\n(Value Basis, $Million<\/strong><strong>)<\/strong><\/p>\n<figure id=\"attachment_346\" aria-describedby=\"caption-attachment-346\" style=\"width: 816px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.dkphotonics.com\/blog\/wp-content\/uploads\/2014\/07\/\u56fe\u72472.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-346\" src=\"http:\/\/www.dkphotonics.com\/blog\/wp-content\/uploads\/2014\/07\/\u56fe\u72472.png\" alt=\"Fiber Optic Sensor Global Consumption Market Forecast\" width=\"816\" height=\"432\" srcset=\"https:\/\/www.dkphotonics.com\/blog\/wp-content\/uploads\/2014\/07\/\u56fe\u72472.png 816w, https:\/\/www.dkphotonics.com\/blog\/wp-content\/uploads\/2014\/07\/\u56fe\u72472-300x158.png 300w, https:\/\/www.dkphotonics.com\/blog\/wp-content\/uploads\/2014\/07\/\u56fe\u72472-600x317.png 600w\" sizes=\"auto, (max-width: 816px) 100vw, 816px\" \/><\/a><figcaption id=\"caption-attachment-346\" class=\"wp-caption-text\">Fiber Optic Sensor Global Consumption Market Forecast<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Note: Market forecast data refers to consumption for a particular calendar year; therefore, this data is not cumulative data.<\/p>\n<p><strong>DK Photonics<\/strong> \u2013 <a href=\"http:\/\/www.dkphotonics.com\/\">www.dkphotonics.com<\/a> \u00a0specializes in designing and manufacturing of high quality optical passive components mainly for telecommunication, fiber sensor and fiber laser applications,such as PLC Splitter, WDM, <a href=\"http:\/\/www.dkphotonics.com\/\">FWDM<\/a>, CWDM, DWDM, OADM,<a href=\"http:\/\/www.dkphotonics.com\/\">Optical Circulator<\/a>, Isolator, PM Circulator, PM Isolator, Fused Coupler, Fused WDM, Collimator, Optical Switch and Polarization Maintaining Components, Pump Combiner, <a href=\"http:\/\/www.dkphotonics.com\/\">High power isolator<\/a>, Patch Cord and all kinds of connectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to ElectroniCast, the combined use of Continuous Distributed and Point fiber optics sensors will reach $4.33 Billion in 2018\u2026 Aptos, CA (USA) \u2013 February 14, 2014\u00a0&#8212;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 &hellip; <a href=\"https:\/\/www.dkphotonics.com\/blog\/fiber-optic-sensors-global-market-forecast-dk-photonics\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Fiber Optic Sensors Global Market Forecast- DK Photonics<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,112,17,7],"tags":[38,111,9,52,37,113,118,117,26,115,35,36,110],"class_list":["post-343","post","type-post","status-publish","format-standard","hentry","category-cwdm","category-dwdm","category-pump-combiner","category-wdm","tag-collimator","tag-cwdm","tag-dwdm","tag-fused-coupler","tag-fused-wdm","tag-fwdm","tag-isolator","tag-oadm","tag-optical-circulator","tag-plc-splitter","tag-pm-circulator","tag-pm-isolator","tag-wdm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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