According to ElectroniCast, the combined use of Continuous Distributed and Point fiber optics sensors are forecast to reach $4.49 Billion in 2020…
Aptos, CA (USA) – 2016 -- ElectroniCast Consultants, a leading market/technology forecast consultancy, today announced the release of their market forecast and analysis of the global consumption selected Fiber Optic Point Sensors and Continuous Distributed Fiber Optics Sensor systems.
According to the market forecast study, the combined use of Continuous Distributed and Point fiber optics sensors reached $2.79 Billion in 2015. During the 2015-2020 timeline, the value is forecast to increase grow at an average annual rate of 10 percent, reaching $4.49 billion. Market forecast data in this study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
Continuous Distributed fiber optic sensor systems involve the optic fiber with the sensors embedded with the fiber. ElectroniCast counts each Point fiber optic sensor as one unit; however, the volume of Distributed Continuous fiber optic sensors is based on a complete optical fiber line and associated other components, which are defined as a system.
“Since a distributed continuous optical fiber line (system) may have 100s of sensing elements in a continuous-line, it is important to note that ElectroniCast counts all of those sensing elements in a distributed continuous system as one (system) unit – only. In the case of some applications, the price of the system may be several thousand dollars,” stated Stephen Montgomery, Director of the Fiber Optics Components group at ElectroniCast Consultants.
“POINT sensors are often used in Distributed fiber optic sensor systems (installed at multiple-points/ point-to-point); however, we count their use in the Point fiber optic sensor category and not in the continuous (non-stop) distributed sensor category,” Montgomery added.