Fiber Optic Sensors: Global Markets
The global market value for fiber optic sensors is projected to increase in 2011 to more than $1.2 billion. In 2012, global market value is forecast to be more than $1.5 billion. Given a compound annual growth rate (CAGR) of 10.5%, the global market value is calculated to increase to more than $2.5 billion in 2017.
This BCC business opportunity report covers, with a critical eye, the global fiber optic sensors marketplace. It focuses particularly on the markets and opportunities for fiber optic sensors in telecommunications, oil and gas exploration and drilling, medical, and industrial markets. The study considers future opportunities for new application markets.
This study is presented in easy-to-follow sections that overview this subject, define the technology, segment the market by product type and application, profile companies, and identify suppliers. All dollar amounts are expressed in current 2011U.S. dollars.
The author 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 reports in advanced materials and transportation for BCC Research.
- 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%.
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.
When do I get the report?
Most reports are fulfilled immediately. In some cases, it could take up to 24 hours.
In what format does this report get delivered to me?
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
What are the free reports included in my purchase?
They consist of a collection of current reports from various partner publishers scanning multiple industries.
What is the difference between BCC Research and BCC Publishing?
BCC Research curates thousands of reports from different sources and provides access to this content to our clients. BCC Publishing is the publication arm of BCC Research (one of several publishers in our portal).
What reports do I get 'discounts' on with my purchase?
All reports. BCC Publishing reports will be available for a 50% discount. All other partner publishers are also available at deeply discounted rates.
Where are you located?
Wellesley Massachusetts, just outside of Boston, Massachusetts, USA.
How long has BCC Research been around?
We are approaching our 50 year anniversary in 2021!
What if I want you to invoice me for payment via Purchase Order?
Simply choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
What if I have a question about your reports?
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times, and included in every purchase, to help our customers find the research they need-when they need it.
Can I share this report with my team?
Absolutely yes, with the purchase of additional user licenses.
Can I use your research in my presentation?
Absolutely yes, so long as the publisher is properly cited.