ElectroniCast Consultants: 10-Year Forecast – Fiber Optic Sensors
According
to ElectroniCast, the combined use of Distributed and Point fiber optics
sensors are forecast to reach $5.98 Billion in 2026…
Aptos,
CA (USA) – May 9, 2017 -- ElectroniCast Consultants, a leading
market/technology forecast consultancy, today announced the release of their
market forecast and analysis of the global consumption of
Fiber Optic Sensors.
According to the study, the combined use of Distributed
and Point (local) fiber optics sensors reached $3.38 Billion last
year (2016), and the worldwide value is forecast to reach $5.98 Billion in
10-years (2026). Market forecast data in this study report refers to
consumption (use) for a particular calendar year; therefore, this data is not
cumulative data.
Both the American region and the EMEA region held
similar market share in the overall (distributed- and point-types) fiber optic
sensor value last year. The Europe, Middle East, Africa region (EMEA) held a
very slight lead in relative market (value) share last year; however, the Asia
Pacific region (APAC) is projected to take-over the leadership position during
the forecast period.
The EMEA region is forecast to have a strong role in
the use of distributed fiber optic systems, driven by the region’s use of
systems in aviation, as well as in the Petrochemical, Natural Resources,
Energy/Utility application categories.
In terms of fiber optic point sensors, the American
region is forecast to maintain the market share lead throughout the 1st-half of
the forecast period (2016-2021), mostly led by the use of Fiber Optic Gyros
(FOGs) in the Military/Aerospace application category. The consumption values
are based on the end-user application and the end-user region.
FOGs held a 65 percent market share of the worldwide
Point fiber optic sensor consumption value in 2016. “All regions, thanks mainly to increases in the use in aviation
and military critical mission applications (Unmanned Aerial Vehicle/UAV and
missile guidance, navigation, north finding/tracking, robotics, aviation and
aeronautics and other) are forecast to show impressive increase consumption
quantity (volumes) and values for the FOG systems,” said Stephen Montgomery,
Director of the Fiber Optics Components group at ElectroniCast
Consultants.
The market forecast of the
Distributed Sensors is segmented by the following applications:
·
Manufacturing Process/Factory
·
Civil
Engineering/Construction (buildings, bridges, tunnels, etc)
·
Military/Aerospace/Security
·
Petrochemical/Energy/Utilities/Natural
Resources
·
Biomedical/Science
The Fiber Optic Point Sensor
Forecast further segmented by the following sensing/measuring quantity
(measurand) types:
·
Mechanical
Strain
·
Temperature
·
Pressure
·
Chemical,
Gas, Liquid
·
Vibration, Acoustic, Seismic
·
Displacement,
Acceleration, Proximity
·
Electric,
Current and Magnetic Field - Fiber Optic Sensors
·
Rotation
(such as Fiber Optic Gyroscopes: FOGs)
“ElectroniCast counts each Point fiber optic sensor as
one unit; however, the volume/quantity (number of units) of Distributed fiber
optic sensors is based on a complete optical fiber line/link, which we classify
as a system. Since a distributed optical fiber line (system) may have 100s of sensing
elements in a continuous-line, it is important to note that we count all of
those sensing elements in a distributed system as one (system) unit –
only. Distributed fiber
optic sensor systems involve the optic fiber with the sensors embedded with the
fiber; also included is the optoelectronic transmitter/receiver, connectors,
optical fiber, cable (fiber jacket) the sensor elements, and other related
components,” Montgomery added.
This market forecast report is available immediately
from ElectroniCast Consultants. For detailed information on this or other
services provided by ElectroniCast, please contact Theresa Hosking,
Marketing/Sales; thosking@electronicastconsultants.com
(Telephone/USA: 831-708-2381)
Founded in 1981, ElectroniCast – www.electronicast.com specializes in
forecasting trends in technology forecasting, markets and applications
forecasting, strategic planning and consulting. ElectroniCast Consultants, as a
technology-based independent forecasting firm, serves industrial companies,
trade associations, government agencies, communication and data network
companies and the financial community.
Reduction of the risk of major investment decisions is the main benefit
provided. ElectroniCast Consultants’
goal is to understand the challenges and opportunities facing clients and to
provide timely, accurate information for strategic planning.
