Published by Coherent Market Insights
Posted on September 27, 2021
United States/WA: The global distributed fiber optic sensor market was valued at US$ 1,529.8 Mn in 2020 and is expected to reach US$ 3,015.6 Mn by 2027 at a CAGR of 10.2% between 2021 and 2027.
Report Pages:[180 Pages]
Major Key Companies Involving in Distributed Fiber Optic Sensor Market:
Brugg Kabel AG, Omnisens S.A., AFL Global (Subsidiary of Fujikura), OSENSA Innovations Corp., SOLIFOS AG, Sensor Highway Ltd. (Acquired by Schlumberger), FISO Technologies Inc. (Acquired by Roctest), NEC Corporation, Verizon Wireless, Lockheed Martin Corporation, and QinetiQ Group plc.
Distributed fiber optic detector (DFO) is a very popular tool for high-performance sensing and monitoring applications. DFOs are typically used in automotive applications because they can be configured and reconfigured with relative ease. This means that DFOs can be used in places that traditionally require dedicated sniffers and detectors, although can be integrated seamlessly with existing wireless and Bluetooth technologies to provide real-time data feeds to these applications. DFOs offer many advantages over traditional single-mode receivers because of their high performance, flexibility, and ability to integrate with previously outdated communication protocols.
Increasing applications in the oil & gas sector are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. The oil & gas industry has witnessed increasing adoption of distributed fiber optic sensors in the recent past. Fiber optics play a major role in this industry due to their unique features that far more superior than conventional sensing techniques. The fiber optic sensors can measure temperatures and strain at thousands of points and monitoring of elongated structures including flow lines, pipelines, coiled tubing, and oil well. These sensors also provide thermal imaging, seismic reading, and completion efficiency. Thus, these factors are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. Moreover, rising demand from the civil engineering sector is expected to boost the global distributed fiber optic sensor market growth over the forecast period. Distributed fiber optic sensors help to assess civil structural performance and hence have witnessed massive demand from the civil engineering sector.
Request a sample PDF copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/3160
However, technical issues related to the installation of distributed fiber optics sensors coupled with high cost of these sensor systems are expected to hinder the global distributed fiber optic sensor market growth over the forecast period. Besides, growing demand for data-based analysis and stringent regulations regarding leak detection can present lucrative growth opportunities in the global distributed fiber optic sensor market. Among regions, North America is expected to witness significant growth in the global distributed fiber optic sensor market during the forecast period. This is owing to rising adoption of fiber optic sensing in various industries including oil & gas. Moreover, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to growing need for data-driven decisions in various sectors such as power & utility, civil engineering, and more.
For instance, in July 2020, Halliburton collaborated with TechnipFMC to launch a joint subsea fiber-optic service with acoustic distributed sensing technology for subsea wells.
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Accurate representation of knowledge collected from trustworthy secondary and first sources
Addressing over 300 client queries each day
The systematic and methodical market research process
Successfully delivered customized reports to clients from over 60 countries.
In the end, Our business offerings show the latest and the most reliable information crucial for businesses to strengthen a competitive edge. The report then emphasizes on market driving factors, opportunities regulating the market growth, as well as emerging opportunities, potential technical advancements of the Distributed Fiber Optic Sensor Market.
People Also Search For Following Reports:
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Distributed Fiber Optic Sensor Market Continues to Expand as Industry Leader Halliburton Launches a subsea fiber optic service for subsea wells with TechnipFMC appeared first on Gatorledger.
United States/WA: The global distributed fiber optic sensor market was valued at US$ 1,529.8 Mn in 2020 and is expected to reach US$ 3,015.6 Mn by 2027 at a CAGR of 10.2% between 2021 and 2027.
Report Pages:[180 Pages]
Major Key Companies Involving in Distributed Fiber Optic Sensor Market:
Brugg Kabel AG, Omnisens S.A., AFL Global (Subsidiary of Fujikura), OSENSA Innovations Corp., SOLIFOS AG, Sensor Highway Ltd. (Acquired by Schlumberger), FISO Technologies Inc. (Acquired by Roctest), NEC Corporation, Verizon Wireless, Lockheed Martin Corporation, and QinetiQ Group plc.
Distributed fiber optic detector (DFO) is a very popular tool for high-performance sensing and monitoring applications. DFOs are typically used in automotive applications because they can be configured and reconfigured with relative ease. This means that DFOs can be used in places that traditionally require dedicated sniffers and detectors, although can be integrated seamlessly with existing wireless and Bluetooth technologies to provide real-time data feeds to these applications. DFOs offer many advantages over traditional single-mode receivers because of their high performance, flexibility, and ability to integrate with previously outdated communication protocols.
Increasing applications in the oil & gas sector are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. The oil & gas industry has witnessed increasing adoption of distributed fiber optic sensors in the recent past. Fiber optics play a major role in this industry due to their unique features that far more superior than conventional sensing techniques. The fiber optic sensors can measure temperatures and strain at thousands of points and monitoring of elongated structures including flow lines, pipelines, coiled tubing, and oil well. These sensors also provide thermal imaging, seismic reading, and completion efficiency. Thus, these factors are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. Moreover, rising demand from the civil engineering sector is expected to boost the global distributed fiber optic sensor market growth over the forecast period. Distributed fiber optic sensors help to assess civil structural performance and hence have witnessed massive demand from the civil engineering sector.
Request a sample PDF copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/3160
However, technical issues related to the installation of distributed fiber optics sensors coupled with high cost of these sensor systems are expected to hinder the global distributed fiber optic sensor market growth over the forecast period. Besides, growing demand for data-based analysis and stringent regulations regarding leak detection can present lucrative growth opportunities in the global distributed fiber optic sensor market. Among regions, North America is expected to witness significant growth in the global distributed fiber optic sensor market during the forecast period. This is owing to rising adoption of fiber optic sensing in various industries including oil & gas. Moreover, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to growing need for data-driven decisions in various sectors such as power & utility, civil engineering, and more.
For instance, in July 2020, Halliburton collaborated with TechnipFMC to launch a joint subsea fiber-optic service with acoustic distributed sensing technology for subsea wells.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
What Sets Coherent Market Insights Apart From the Rest?
Flawless, prompt, and efficient customer support
Accurate representation of knowledge collected from trustworthy secondary and first sources
Addressing over 300 client queries each day
The systematic and methodical market research process
Successfully delivered customized reports to clients from over 60 countries.
In the end, Our business offerings show the latest and the most reliable information crucial for businesses to strengthen a competitive edge. The report then emphasizes on market driving factors, opportunities regulating the market growth, as well as emerging opportunities, potential technical advancements of the Distributed Fiber Optic Sensor Market.
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Distributed Fiber Optic Sensor Market Continues to Expand as Industry Leader Halliburton Launches a subsea fiber optic service for subsea wells with TechnipFMC appeared first on Gatorledger.
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