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Report Highlights
The global market for fiber optic sensors was valued at $3.2 billion in 2023. The market is anticipated to grow from $3.5 billion in 2024 to $5.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2029.
Report Includes
- 60 data tables and 48 additional tables
- An overview of the global market for fiber optic sensors
- Analysis of global market trends, with historical revenue data for 2023, estimated figures for 2024, forecasts for 2025, 2027 and 2029, and projected CAGRs through 2029
- Identification of new opportunities, challenges, and technological changes in the industry
- Market share analysis by type, technology, component, application, and region
- Examination of the present and future strategies of fiber optic sensor companies
- Discussion of distributed sensing systems and miniaturization of sensors, and their applications
- Analysis of R&D activity, product launches and the regulatory scenario
- Analysis of the key companies’ market shares, mergers & acquisitions, joint ventures, collaborations, and other market strategies
- Profiles of major market players, including Broadcom, Rockwell Automation, Hamamatsu Photonics, Sumitomo Electric Industries Ltd., and Yokogawa Electric Corporation
Report Scope
This study analyzes the many types of fiber optic sensors, including intrinsic and extrinsic sensors, as well as the many applications of these sensors, such as defense, energy, construction, transportation, security, telecommunication and medical. It analyzes the trends, drivers and regional dynamics of the global market. The report concludes by providing profiles of the leading sensor companies. The base year for the study is 2023, and projections for 2024 through 2029 included, along with projected compound annual growth rates (CAGRs) for the forecast period.
The report focusing on the key components of the sensors: transmitters and receivers, optical amplifiers, fiber optic cables and dispersion compensators; technologies such as fiber optic gyroscopes, coated fiber sensors, fiber Bragg grating (FBG), Raman scattering sensors and interferometric sensors. The report breaks down the global market into four regions: North America, Europe, Asia-Pacific and Rest of the World (RoW), which includes Latin America, the Middle East and Africa.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||||||||
| Base year market size | $3.2 billion | ||||||||||||||||||||||
| Market size forecast | $5.5 billion | ||||||||||||||||||||||
| Growth rate | CAGR of 9.5% from 2024 to 2029 | ||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||
| Segments covered | By Product Type, Component, Technology, Application, and Region | ||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and Rest of the World (RoW) | ||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increased demand for high bandwidth.
- Technological advancements.
- Immunity to electromagnetic interference.
- Cost reduction in long-term maintenance.
- Increasing miniaturization and flexibility.
- By Product Type.
- By Component.
- By Technology.
- By Application.
- By Region.
Analyst Credentials
Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
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Report Highlights
The global fiber optic sensors market should reach $4.9 billion by 2025 from $2.9 billion in 2020 at a compound annual growth rate (CAGR) of 10.9% for the forecast period of 2020 to 2025.
Report Includes
- 90 data tables and 46 additional tables
- An updated review of the global market for fiber optic sensors
- Analyses of the global market trends, with data from 2019-2020, estimates for 2022 and projections of compound annual growth rates (CAGRs) through 2025
- Discussion of market opportunities and market potential for the innovation-driven fiber optic sensors market, and the major regions and countries involved in such developments
- Estimation of the current market size and market forecast for fiber optic sensors, and corresponding market share analysis by type of sensor, component, application and geographic region
- Identification of segments with high growth potential and insight into the future applications of each given segments and subsegments
- Information pertaining to key trends related to the applications, components and sensor types that shape and influence the fiber optic sensor market
- Evaluation of major stakeholders in the market and competitive landscape for the market leaders
- A relevant patent analysis
- Company profiles of the leading players operating in the global fiber optic sensors market, including Amphenol Corp., Corning, Emcore, Luna Innovations, Omron, Sumitomo Electric and Yokogawa
Report Highlights
The global fiber optic sensors market should reach $3.2 billion by 2021 from $2.0 billion in 2016 at a compound annual growth rate (CAGR) of 9.9%, from 2016 to 2021.
Report Includes
- An overview of the global market for fiber optic sensors and related technologies.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021.
- Information on regulations affecting these markets, market trends, and competitive structures within these markets.
- Details pertaining to key application areas such as telecommunications, oil and gas exploration and drilling, medical, and industrial markets.
- Insight into the fiber optic market's drivers, inhibitors, and opportunities for growth.
- A look at regulations and their impact on the industry and its markets.
- Profiles of major players in the industry.
Report Highlights
The global market for fiber optic sensors reached $1.7 billion in 2012 and about $1.8 billion in 2013. This market is projected to increase to $2.2 billion by 2018, with a compound annual growth rate (CAGR) of 4.5% for the period of 2013 to 2018.
Report Includes
- An overview of the global market for fiber optic sensors and related technologies.
- Analyses of global market trends, with data from 2012 and 2013, and projections of CAGRs through 2018.
- Information on regulations affecting these markets, market trends, and competitive structures within these markets.
- Details pertaining to key application areas such as telecommunications, oil and gas exploration and drilling, medical, and industrial markets.
- Insight into the fiber optic market's drivers, inhibitors, and opportunities for growth.
- Comprehensive profiles of major players in the industry.
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