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The global high speed fibre optic sensor market is expected to grow at a CAGR of 12.1% during the forecast period of 2024-2032.
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Optical fibre sensors are gadgets used to measure temperature, strain, magnetic fields, pressure, and several other material and environmental properties. Optical fibre sensing enables movement away from conventional discrete measurement points to continuous measurements visualising strain and temperature gradients, pressure, multi-directional force, curvature, and shape information. Fibre optic sensors offer multiple advantages over traditional alternatives, such as high bandwidth, smaller size, lightweight, resistance to corrosion, geometrical flexibility and inherent immunity to electromagnetic interference (EMI). The technology has applications in multiple sectors, including structural health monitoring, aerospace, and civil engineering, among others, which has contributed to the growth of the high speed fibre optic sensor market. While fibre optic sensors offer much promise, these have witnessed most market success in domains where the unique attributes of optics cannot be duplicated such as in medical and defence sectors.
The distributed fibre optic sensor (DFOS) type is estimated to occupy a significant share of the market. With the increasing investments in R&D by manufacturers and suppliers to increase the pace of innovations and introduce new DFOS solutions, multiple DFOS systems have been successfully implemented in real-world applications. For example, a BOTDA system OZ Optics Ltd. detected gas pipeline leaks with the help of a 10.3 km-long sensing fibre with 1.5 m spatial resolution.
In recent years, the importance of optical fibre has increased due to the spread of high-speed communications for 5G. Thus, fibre is increasingly being installed. Solutions and systems supporting efficient maintenance and management of fibre are expected to be in greater demand and boost the market growth.
Leading companies are increasingly investing in modern fibre optic sensor solutions, which is expected to aid the high speed fibre optic sensor market. For example, Allen-Bradley offers Bulletin 45FSL High-speed Fiber Optic Sensors which is a general purpose, DIN-rail mountable solution appropriate for applications that warrant simplicity. Its unique Power Bus feature decreases the cost associated with wiring and installation. This model also features fast response time for high-speed applications, including material handling, food processing, transportation, and packaging.
Proximion designs and produces advanced fibre optic sensor systems for the measurement of temperature, strain and other physical parameters. The company’s advanced fibre optic platform, which is based on FBG (Fiber Bragg Grating) technology, can significantly improve performance and efficiency, productivity and digitalisation in several industries through condition monitoring, process optimisation and connecting into process control.
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By type, the market is classified into:
By application, the market is segmented into:
By region, the market is divided into:
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The report presents a detailed analysis of the following key players in the high speed fibre optic sensor market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global high speed fibre optic sensor market is projected to grow at a CAGR of 12.1% between 2024 and 2032.
The major drivers of the market include rising digitalisation, innovative solutions, increased investments in R&D, growing demand in offshore industries, like oil and gas industry, and growing demand in construction and infrastructure sectors.
The growing demand for various high-end industrial applications and spread of high-speed, high-capacity communications for 5G are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market is classified into point FOS and distributed FOS.
The significant applications include civil engineering, transportation, energy and utility, and military.
The major players in the industry are Rockwell Automation, LUNA, Proximion AB, HBM FiberSensing, ITF Technologies Inc, NKT Photonics, and FISO Technologies, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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