Report Highlights
- The U.S. fiber optic sensor market was valued at $235.0 million in 2007. This is expected to reach $430.0 million in 2009 and $1.6 billion in 2014, for a compound annual growth rate (CAGR) of 30.1%.
- Intrinsic sensors, in which the fiber itself acts as the sensor, have the larger market share, worth $170.0 million in 2007 and an estimated $306.0 million in 2009. This segment should reach $1.4 billion in 2014, a CAGR of 35.2%.
- Extrinsic sensors, in which the fiber is simply the means of signal transmission, generated $65.0 million in 2007 and an estimated $124.0 million in 2009. This segment is expected to reach $219.0 million in 2014 for a CAGR of 12.1%.
INTRODUCTION
Report Highlights
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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.
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Extrinsic sensors are forecast to increase at an AAGR of 4.1% until 2011, to $274.4 million.
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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.
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These moderate growth rates reflect the challenge to fiber optic sensors to find more mainstream applications.
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