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The distributed fiber optic sensing market share is expected to increase by USD 577.26 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.15%.
This distributed fiber optic sensing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers distributed fiber optic sensing market segmentation by application (temperature sensing, acoustic sensing, and others), end-user (oil and gas, power and utility, civil engineering, and safety and security), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The distributed fiber optic sensing market report also offers information on several market vendors, including AFL Telecommunications GmbH, AP Sensing GmbH, Bandweaver, Brugg Kabel AG, Corning Inc., DarkPulse Inc., Halliburton Co., Intelligent Fiber Optic Systems Corp., Luna Innovations Inc., MAKAI OCEAN ENGINEERING, NP Photonics, OFS Fitel LLC, Omnisens SA, QinetiQ Group Plc, Schlumberger Ltd., Silixa Ltd., Sumitomo Electric Industries Ltd., wenglor sensoric electronic devices GmbH, Yokogawa Electric Corp., and Ziebel among others.
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The surging demand for the infrastructure sector is notably driving the distributed fiber optic sensing market growth, although factors such as the high cost of distributed fiber optic sensor systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the distributed fiber optic sensing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Distributed Fiber Optic Sensing Market Driver
The surging demand for the infrastructure sector is a major factor driving the globally distributed fiber optic sensing market share growth. Distributed fiber optic sensors are increasingly being used in the infrastructure sector, especially for SHM. To gain a better understanding of the structural status and manage the infrastructure in an economically efficient manner, distributed sensors are being used more in this industry. Pipelines, bridges, dams, and geotechnical structures are the main areas where SHM is becoming more prevalent in the civil engineering sector. The capacity to simultaneously monitor strain, temperature, or pressure over a large number of sites is the main benefit of next-generation sensors. The main drivers for the increased use of distributed sensing in the civil engineering sector are the ability to deploy distributed sensors in any type of difficult environment and the capacity to track structural issues in real time. Such factors contribute to the growth of the globally distributed fiber optic sensing market during the forecast period.
Key Distributed Fiber Optic Sensing Market Trend
The growing demand for data analysis is another factor supporting the globally distributed fiber optic sensing market share growth. Data is gathered through distributed fiber optic sensors along the optical fiber length. Due to the enormous volume of data generated, various analytical tools are utilized to assess the data that has been gathered. Data-driven decision-making and strategies are becoming more and more popular on a global scale. These are accomplished by extracting a pattern from the data that the managers can measure, deciphering the insights, and using that information to improve performance and decision-making. Distributed fiber optic sensors use light scattering to gather information on changes in temperature, strain, vibration, or pressure at any location along the fiber length. The technology can organize massive volumes of data into a graphical platform that aids data engineers in making decisions once the data is analyzed using a set of algorithms. The global distributed fiber optic sensing market is anticipated to expand during the forecast period as data-intensive decisions gradually become the norm across a number of industries.
Key Distributed Fiber Optic Sensing Market Challenge
The high cost of distributed fiber optic sensor systems will be a major challenge for the global distributed fiber optic sensing market share growth during the forecast period. The market is expanding as a result of the many benefits these distributed sensors provide, including their precision and dependability. The cost of the technology is still relatively high. The cost of a distributed fiber optic sensor system can be very high depending on the applications, the type of cable used, and operating conditions, making it still unaffordable for every business that needs real-time monitoring and sensing. Since the whole fiber optic cable acts as a sensing element, any defect or fault in the cable may cause a lot of problems, and it becomes difficult to reach and fix the issues under difficult environment and terrain conditions. The installation process of sensing systems is complex in nature as each of the operational procedures needs to be carried out in a highly accurate manner. Also, the maintenance of these sensing systems requires highly skilled workers, which further adds to the maintenance cost. Thus, the high cost of distributed fiber optic sensor systems poses a major challenge for the growth of the market in focus during the forecast period
This distributed fiber optic sensing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global distributed fiber optic sensing market as part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the distributed fiber optic sensing market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the distributed fiber optic sensing market encompasses successful business strategies deployed by the key vendors. The distributed fiber optic sensing market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The distributed fiber optic sensing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the distributed fiber optic sensing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for distributed fiber optic sensing market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The high adoption rate of distributed fiber optic sensors in the food and beverage, oil and gas, and automotive manufacturing industries will facilitate the distributed fiber optic sensing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in the region negatively impacted the regional economy, especially in the US, in 2020. Several end-user sectors, such as data and telecommunications, partially shut down their operations due to the pandemic. This led to a slowdown in economic growth and hindered trade in North America. For instance, in April 2020, around 37 state governments in the US imposed state-wide closures until further announcements to reduce the spread of the coronavirus. However, with the lifting of lockdown and onsite of vaccination drives, the market recovered to some extent in 2021.
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The distributed fiber optic sensing market share growth by the temperature sensing segment will be significant during the forecast period. The major reason for the high adoption of distributed temperature sensing is the ability of distributed fiber optic sensors to be multiplexed throughout the length of a given fiber cable. The sensors also have good spatial resolution and immunity to attenuation.
This report provides an accurate prediction of the contribution of all the segments to the growth of the distributed fiber optic sensing the market size and actionable market insights on post COVID-19 impact on each segment.
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Distributed Fiber Optic Sensing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.15% |
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Market growth 2022-2026 |
$ 577.26 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.93 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 34% |
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Key consumer countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
AFL Telecommunications GmbH, AP Sensing GmbH, Bandweaver, Brugg Kabel AG, Corning Inc., DarkPulse Inc., Halliburton Co., Intelligent Fiber Optic Systems Corp., Luna Innovations Inc., MAKAI OCEAN ENGINEERING, NP Photonics, OFS Fitel LLC, Omnisens SA, QinetiQ Group Plc, Schlumberger Ltd., Silixa Ltd., Sumitomo Electric Industries Ltd., wenglor sensoric electronic devices GmbH, Yokogawa Electric Corp., and Ziebel |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, and future consumer dynamics and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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