Report Highlights
-
In 2005, total worldwide revenues for fiber optic sensors are projected to increase to $288.1 million, and to $304.3 million in 2006. Revenues are expected to increase at a modest average annual growth rate (AAGR) of 4.1% to $371.8 million in 2011.
-
Extrinsic sensors are forecast to increase at an AAGR of 4.1% until 2011, to $274.4 million.
-
Intrinsic sensors will rise from $79.9 million in 2006 to $97.4 million in 2011 at an AAGR of 4%. The largest application segment for intrinsic sensors is military technologies that tend to be specialized, seldom leading to mainstream market success.
-
These moderate growth rates reflect the challenge to fiber optic sensors to find more mainstream applications.
INTRODUCTION
Fiber optic sensors (FOS) are a by-product of optical fiber research and development. The first sensors were designed to measure the performance and status of an optical network. Telecommunications remains the largest application market for FOS. Optical networks transmit voice and data across the country and around the world. The networks require constant monitoring to ensure signal transmission along fibers in the network.
In addition to telecom applications, optical fiber sensors are used for medicine, defense and aerospace applications. Optical fiber sensors can be used to measure temperature, pressure, humidity, acceleration and strain. The report considers the different types of intrinsic sensors, what they can measure and where they are used.
This BCC study analyzes the status of global markets for fiber optic sensors. They can be intrinsic or extrinsic. Intrinsic sensors use fiber as the sensing element; extrinsic sensors use optical fiber to transmit signal from the sensing point to a remote controller to be analyzed. This report considers market conditions and opportunities in regional areas around the globe.
SCOPE OF STUDY
The report contains:
- Definitions of product segments for fiber optic sensor categories
- Analysis of technology options
- A determination of current application markets and likely future opportunities
- Analyses of the fiber optic sensor market geographically, by type and application, with forecasts to 2011
- Catagorization and profiles of the companies involved
- Details of policy organizations, conferences, authors and consortiums.
METHODOLOGY AND INFORMATION SOURCES
Materials and data presented in this report were obtained from telephone interviews with marketing and engineering personnel at the major companies profiled, as well as from catalogs, the Internet, patterns, and the literature search of current articles related to optical fiber sensor technology.
ANALYSTS CREDENTIALS
The author, Lori Weisenbach, received a Ph.D. in material science and engineering from the University of Arizona in 1993, based on a dissertation on the fabrication and characteristics of sol gel optical waveguides. She then worked for 2 years at Sandia National Labs on the development of thin-film zeolite filters for gas separation applications. Since 1996, she has covered the transportation market as both a contributing editor and editor of Advanced Transportation Technology News and authored numerous Opportunity Reports in advanced materials and transportation for BCC.
Related Reports
Recent Reports
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Temperature Sensors: Global Markets
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
Analytical Laboratory Instruments Manufacturing: Global Markets
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
Autonomous Trucks: Global Markets
The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.
Biosensors and Nanosensors: Global Markets and Technologies
The global market for biosensors and nanosensors is expected to grow from $30.6 billion in 2023 to $43.5 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2028.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More