The distributed fiber optic sensor industry has garnered $1,096 million revenue in 2021, and it is projected to rise at the rate of 8.50% from 2021 to 2030, to generate $2,285 million revenue in 2030.
The growing demand for optic sensing, used in numerous industries, such as civil, aerospace, automotive, energy, and rising offshore drilling activities along with growing investments in exploring new reserves for gas and oil fuel distributed fiber optic sensor industry growth.
Moreover, the rising usage of distributed sensors in applications, including pipeline monitoring, structural health monitoring, control, and border monitoring helps in controlling the industry expansion.
The Rayleigh scattering effect holds a substantial revenue in 2021, and it is projected to retain its dominance in the coming years. It is ascribed to analyzing the quality of a wide range of materials, such as liquids, solids, and materials. The application of high-stakes circumstances such as huge structures’ security, fire detection, and coolant leak detection with the usage of cutting-edge data processing techniques.
The rising construction application of distributed fiber optic sensors is unceasingly rising in structural health monitoring. Distributed sensors are widely used to better understand structural conditions and infrastructure management.
Structural health monitoring in the civil engineering sector is rising. It includes pipelines, geotechnical structures, dams, and bridges. The potential to monitor temperature, strain, or pressure simultaneously over a large number of sites is the major advantage of next-generation sensors.
The rising usage of distributed sensing in the civil engineering sector is led by its flexibility to be deployed in any kind of demanding environment and its ability to track real-time structural issues.
The temperature sensing category holds the largest industry share, of 43% in 2021, and it is projected to retain its dominance in the near future. It is attributed to the growing demand for workplace safety, dependability on DTS systems or sensors for monitoring applications in extreme conditions, and rising usage of temperature sensors in the industrial, civil engineering, infrastructural, oil & gas, energy, and utility industries.
The oil & gas industry captures the largest revenue share in the industry, and it is expected to follow the same trend in the coming future, rising at a rate of 9.2%. It is attributed to rising application of these sensors in the oil & gas industry for upstream and downstream processes, natural gas extraction, mentoring storage & transportation, subsea monitoring, research, and refining process.
The growing requirement for well temperature monitoring, and accessing authentic pictures of physical wellbore parameters also propel the industry.
These sensors provide numerous benefits, such as precise results in remote locations, enhanced operations, and economic performance of assets resulting in the expansion of the industry.
In addition, the infrastructure and civil engineering category are projected to experience the fastest growth from 2021 to 2030. It is led by rising DFOS usage to enhance accuracy and inspection efficiency, infrastructure expansion across the globe, and a better understanding of efficient infrastructure management in low-cost, and structural conditions.
Therefore, the rising requirement for optic sensing in various industries boosts the demand for optic sensors.
