{"id":669,"date":"2017-07-31T08:26:43","date_gmt":"2017-07-31T08:26:43","guid":{"rendered":"http:\/\/www.dkphotonics.com\/blog\/?p=669"},"modified":"2017-07-31T08:26:43","modified_gmt":"2017-07-31T08:26:43","slug":"10-year-forecast-fiber-optic-sensors","status":"publish","type":"post","link":"https:\/\/www.dkphotonics.com\/blog\/10-year-forecast-fiber-optic-sensors\/","title":{"rendered":"10-Year Forecast \u2013 Fiber Optic Sensors"},"content":{"rendered":"

According to ElectroniCast, the combined use of Distributed <\/i><\/b><\/em><\/strong>and<\/i><\/b><\/u><\/em><\/strong>\u00a0Point fiber optics sensors are forecast to reach $5.98 Billion in 2026\u2026<\/i><\/b><\/em><\/strong><\/p>\n

\u00a0<\/i><\/b><\/em><\/strong>ElectroniCast Consultants, a leading\u00a0<\/i><\/b><\/em><\/strong>market\/technology forecast consultancy, today announced the release of their market forecast and analysis of the global consumption of Fiber Optic Sensors.<\/p>\n

According to the study, the combined use of Distributed and<\/i><\/u><\/em>\u00a0Point (local) fiber optics sensors<\/u><\/a>\u00a0reached $3.38 Billion last year (2016), and the worldwide value is forecast to reach $5.98 Billion in 10-years (2026). Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.<\/p>\n

Both the American region and the EMEA region held similar market share in the overall (distributed- and point-types) fiber optic sensor value last year. The Europe, Middle East, Africa region (EMEA) held a very slight lead in relative market (value) share last year; however, the Asia Pacific region (APAC) is projected to take-over the leadership position during the forecast period.<\/p>\n

The EMEA region is forecast to have a strong role in the use of distributed fiber optic systems, driven by the region\u2019s use of systems in aviation, as well as in the<\/p>\n

Petrochemical, Natural Resources, Energy\/Utility application categories.<\/p>\n

In terms of fiber optic point sensors, the American region is forecast to maintain the market share lead throughout the 1st-half of the forecast period (2016-2021), mostly led by the use of Fiber Optic Gyros (FOGs) in the Military\/Aerospace application category. The consumption values are based on the end-user application and the end-user region.<\/p>\n

FOGs held a 65 percent market share of the worldwide Point fiber optic sensor consumption value in 2016. \u201cAll regions, thanks mainly to increases in the use in aviation and military critical mission applications (Unmanned Aerial Vehicle\/UAV and missile guidance, navigation, north finding\/tracking, robotics, aviation and aeronautics and other) are forecast to show impressive increase consumption quantity (volumes) and values for the FOG systems,\u201d said Stephen Montgomery, Director of the Fiber Optics Components group at ElectroniCast Consultants.<\/p>\n

The market forecast of the Distributed Sensors is segmented by the following applications:<\/p>\n