“Distributed Fiber Optic Sensing Market (DFOS) by Operating Principle (OTDR, OFDR), Fiber Type (Single-Mode, Multimode), Scattering Process (Raman Effect, Rayleigh Effect), Application (Temperature, Acoustic), Vertical, and Region – Global Forecast to 2022″, the overall Distributed Fiber Optic Sensing market (DFOS) is expected to be worth USD 1,712.3 Million by 2022, at a CAGR of 15.09% between 2016 and 2022.
“Distributed Fiber Optic Sensing Market (DFOS) for acoustic sensing application expected to grow at the highest CAGR during the forecast period”
Distributed acoustic sensors are used to measure any kind of acoustic or vibrational change by using a distributed optical fiber which can measure this change along its length. The market for acoustic sensing application is expected to grow at the highest rate because of this technology being a new one and owing to a complimentary role played by a sensor along with the temperature sensing.
Also, an enhanced sensitivity of the acoustic sensors, compared to the temperature sensors, would act as a major factor encouraging the penetration of these sensors for acoustic sensing applications in the oil and gas, power and utility, and civil engineering verticals. Distributed acoustic sensors are mostly used by the verticals such as oil and gas, safety and security, and civil engineering.
Growing application in oil and gas vertical to drive the global distributed fibre optics demand close to USD 1,712.3 million by 2022
Oil & gas industry was the first vertical to start using distributed fiber optic sensor in the market. Distributed fiber optic sensor is mostly used for the oil & gas industry primarily because the usage of distributed sensor helps in the accurate monitoring of well temperature and its ability to give a detailed picture of the physical parameters of the wellbore. Also, the use of distributed sensor for the continuous and real-time downhole monitoring to optimize the operational and economic performance of the assets in the oil and gas vertical is another reason driving the market for distributed fiber optic sensor in the oil and gas vertical.
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“Market in APAC expected to grow at the highest rate during the forecast period”
The market in APAC is expected to be the fastest-growing market. The market in APAC is segmented into India, China, South Korea, and Rest of APAC. APAC is a major market for various verticals using the distributed fiber optic sensors for various applications, such as oil and gas, power and utility, safety and security, industrial and civil engineering. Growing power and utility, and oil and gas vertical in the region leading to the increased demand for distributed fiber optic sensors in these verticals is a crucial factor driving the market in this region.
The major companies involved in the development of distributed fiber optic sensors include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Yokogawa Electric Corporation (Japan), Weatherford International plc (Switzerland), QinetiQ Group plc (U.K.), Luna Innovations Incorporated (U.S.), OFS Fitel LLC (U.K.), Bandweaver (U.K.), OmniSens S.A. (Switzerland), Brugg Kabel AG (Switzerland), AP Sensing GmbH (Germany), AFL (U.S.), and Ziebel AS (Norway) among others.
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