Fiber Optic Sensor Market Research Report- Forecast to 2027

Fiber Optic Sensor Market, by Type (Intrinsic, Extrinsic), by End-User (Transportation, Medical, Defense, Industrial, Energy & Power), by Component (Receiver, Transmitter, Fiber optic cable, Optical amplifier) - Forecast 2027

ID: MRFR/SEM/1874-HCR | February 2021 | Region: Global | 100 pages

Market overview


Thefibre optic sensor is an optoelectronic device that converts light energy into an electrical signal. It is a mechanical device that can sense any chemical energy component. The fibre optic sensor can sense vibrations, temperature and rotations signals. There are versatile applications of a fibre optic sensor. It is suitable for sensing electric signals even in small spaces. It is a device that is poor conductor of electricity.


It is possible to use the fibre optic sensor even in high voltage fields and near inflammable materials. Fibre optics can be used on conventional sensors such as microwaves and other electronics. Also, the fiber optic temperature sensoris a beneficial system in several verticals. It is the most cost-effective monitoring device that senses the temperature at multiple points. It is a highly reliable device that is useful in areas that humans cannot reach. Due to high demand from various chemical fields, the Global Fiber Optic Sensor Market growth rate is 11% in the forecast year 2022. Due to its accuracy and reliability, the demand for fibre optic sensor will grow more in the future. 


Covid analysis 


Covid 19 has a massive impact on many industries. The fibre optic sensor is used many in consumer electronics and gas-oil industries. The shutdown of these industries has caused a downfall in the Fiber Optic Sensor Market. Due to the governmental restriction on various industries, there is a disturbance in the supply-demand chain. However, the Fibre Optic Sensing Market is resuming and it is experiencing a steady increase in demand. This steady-demand trend post covid 19 will continue till 2022. 


Market Dynamics 



  • The crucial market drivers


 The optic fibre sensor can survive in high temperature. That is the reason that they are essential in the oil and gas industries. As the power and energy industry is escalating, the demand for fibre optic sensor is also increasing. The oil and gas extraction procedures require working at high temperatures. Some of these procedures are not suitable for humans. However, the fibre optic sensor is suitable in these situations. The oil and gas industry is booming in the upcoming years. It is driving more demand for the Distributed Fiber Optic Sensor Market. 


Secondly, the other market driving factor is the increase in civil engineering services. The requirement for fibre optic sensors in this service is high. The fibre optic sensor is suitable for the complex task involved in the civil engineering verticals. The growing demand for cost-effective monitoring device raises the demand for the optic fibre sensor industry more. The fibre optic sensor is one of the most reliable technologies in a challenging environment. It is a device that is useful when there is no possibility of human intervention. The sensing parameters of a fibre optic sensor in civil and oil-gas verticals are the major-demand driving factors. 



  • The market growth opportunities 


The telecommunication industry is the largest fibre optic sensor end-user. This device enables point to point connection in these industries. The fibre optic sensor market has plenty of growth opportunities due to the surging connectivity requirements. The rate of connectivity increases every year leading to the expansion of the fibre optic sensor market. The wireless system market is also experiencing high demands in the upcoming years.


The hybrid wireless systems require fibre optic sensors. This development in the wireless system market provides excellent future scope for the optic fibre sensor market. The worldwide infrastructural developments create the requirement for fibre optics sensor. They are essential to monitoring temperature, liquid and the levels of other chemical components in a building. The rising infrastructural development provides great growth opportunities for the market. During the forecast year 2022, the demand for fibre optics will intensify due to these factors. 



  • The market restraints 


The fibre optic sensor is a crucial monitoring device. However, the installation of this device is highly complex. Without a specialist, it is impossible to make it functional. The complexity of the fibre optics sensor installation hampers the growth. Most of the audiences remain hesitant to purchase the fibre optic system due to its time-consuming installation process.


Also, the installation procedure may vary from region to region. There is no standard way to a fibre optics sensor functional. Also, the lack of awareness about the fibre optic sensor is a chief restraint of this market. Many customers do not know the exceptional features and functionalities of this device. Only the large verticals are exposed to the uses of the fibre optic sensor system. The lack of awareness and the complex installation procedure may confine the growth of this market. 



  • The market challenges 


Many customers require an effective and cost-efficient monitoring system. The initial price of the fibre optic sensor system is affordable. However, the overall cost is highly-expensive. The installation cost of the fibre optic system is high. Small or medium enterprises find it difficult to afford this system. It is considered an expensive investment by small enterprises.


 Also, the cost can vary depending upon the difficulties of installing a fibre optics sensor system. All this adds up more cost to this system. Therefore, the major challenge of the fibre optic sensor is the high installation cost. The cost blocks end users from purchasing this system. The cost is the main factor that can curb the fibre optic sensor market. During the forecast year 2022, there will be a slight downfall in the fibre optic market only due to the high installation price. 



  • Cumulative growth analysis 


The fibre optic sensor market is experiencing steady growth in the forecast period of 2022. The performance and cost-effectiveness is the essential factor in any monitoring system. Therefore, there is a high requirement to make the fibre optic system installation price affordable. Also, there is a serious need to eradicate the technical difficulties in the fibre optic sensor system. The technical-difficulties cause several inconveniences for the end-users. However, with flexible installation costs and technical advancements, the fibre optic sensor market will reach high demand in 2022. 



  • The value chain analysis 


North America has the largest Fiber Optic Sensor Market Size. It is a region to dominate the global in terms of high demand and revenue. The surging demand in this region is the fast adoption of monitoring technologies in various verticals. Some of the major market driving factors in this region are the growing demands for a fibre optic sensor in the gas and oil sectors. Also, the fluctuations in crude oil are a crucial reason for the surging fibre optic sensor market in North America. 


Furthermore, the factory automation systems in this region increase the requirement of fibre optics system. The governments imply stringent laws to use effective monitoring system. It is another demand driving factor of the fibre optic sensor market in North America. The key players in North America have well-established fibre optics production facilities. Also, the awareness about this monitoring device is more, which ultimately creates a positive effect on product demand. 


Segment overview 


By type 



  • Multimode fibre

  • Single-mode fibre


By application 



  • Acoustic sensing

  • Temperature sensing

  • Chemical sensing 

  • Another level sensing


By verticals 



  • Safety and security

  • Oil and gas

  • Power and utility

  • Civil engineering

  • Industrial


By region 



  • North America

  • Middle East 

  • Asia pacific 

  • Europe 


Regional analysis 


The fibre optic sensor market is diversified into North America, Europe, Asia Pacific and the Middle East. All these regional players experience high demand from gas-oil verticals. In North America, Canada and the US are the major contributors to the market. The well-established players perform various Fiber optic sensor applications. The growth in America is a versatile market with plenty of end-users. The adoption of the fibre optic sensor is happening at an exponential pace in the upcoming years. The Asia Pacific is the second largest fibre optic sensor market. The surging demand in construction and oil-gas verticals are the major demand driving factors in this region. 


Further, The Asia Pacific will experience the fastest market growth in the forecast period of 2022. Also, Europe and the middle-east are experiencing high demand for fibre optic system due to oil and gas factories. These four regional players are responsible for the massive market growth in 2022. 


Competitive landscape 


The fibre optic sensor market is highly competitive. To survive the market, the key players are introducing various advancements in the device. Some players are also trying to offer cost-effective fibre optic systems to attract more customers. 


The key players of the fibre optic sensor market are



  • Finisar Corporation (U.S.)

  • Yokogawa Electric Corporation (Japan)

  • Deltex Medical Group PLC (UK)

  • Luna Innovations Incorporated (U.S.)

  • OmniSens S.A. (Switzerland)

  • Sumitomo Electric Industries Ltd. (Japan)

  • ABB Ltd. (Switzerland


Recent developments 



  • The significance of the fibre optic sensor is growing at an exponential pace in the medical sector. The key players are introducing the optic system to monitor the heart rate. It is a wearable device that draws more demand for the fibre optics market.

  •  

  • The key players in North America are introducing the optic system to measure oxygen levels. This system used in water and sewage treatment plants.

  • The key players of the market are integrating fibre optic sensor more with the telecommunications industry. This collaboration enables interface communications. 


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Frequently Asked Questions (FAQ) :


The segmental assessment of the market is included in this report on the basis of type, end-user, and component.

The end-user segments profiled are as follows – industrial, defense, medical, energy & power, transportation, and others.

The U.S., Canada and Mexico are the prime country-level markets of North America.

The oil & gas and construction industries are supposed to drive demand growth in Asia Pacific.

1. Executive Summary

2. Research Methodology

2.1. Scope of the study

2.1.1. Definition

2.1.2. Research Objective

2.1.3. Assumptions

2.1.4. Limitations

2.2. Research Process

2.2.1. Primary Research

2.2.2. Secondary Research

2.3. Market size Estimation

2.4. Forecast Model

3. Market Dynamics

3.1. Market Drivers

3.2. Market Inhibitors

3.3. Supply/Value Chain Analysis or Market Ecosystem

3.4. Porter’s Five Forces Analysis

4. Fiber Optic Sensor Market, by Type

4.1. Introduction

4.2. Intrinsic

4.3 Extrinsic

4.4 Others

5. Fiber Optic Sensor Market, by Component

5.1. Introduction

5.2. Transmitters

5.3 Receivers

5.4 Optical amplifiers

5.5 Fiber optic cable

5.6 Others

6. Fiber Optic Sensor Market, By End-User

6.1. Introduction

6.2. Defense

6.3. Energy & Power

6.4. Medical

6.5. Transportation

6.6. Industrial

6.7. Others

7. Regional Market Analysis

7.1. Introduction

7.2. North America

7.2.1. U.S.

7.2.2. Canada

7.2.3. Mexico

7.3. Europe

7.3.1. U.K.

7.3.2. France

7.3.3. Germany

7.3.4. Rest of Europe

7.4. Asia-Pacific

7.4.1. China

7.4.2. Japan

7.4.3. India

7.4.4. South Korea

7.4.5. Rest of Asia-Pacific

7.5. Middle East & Africa

8. Competition Analysis

8.1. Introduction

8.2. Competitive Scenario

8.2.1. Market Share Analysis

8.2.2. Market Development Analysis

8.2.3. Product/Service Benchmarking

8.3. Company Profiles

8.3.1. ABB Ltd. (Switzerland)

8.3.1.1 Overview

8.3.1.2. Product/Service Offering

8.3.1.3. Strategy

8.3.2. Yokogawa Electric Corporation (Japan)

8.3.2.1. Overview

8.3.2.2. Product/Service Offering

8.3.2.3. Strategy

8.3.3. OmniSens S.A. (Switzerland)

8.3.3.1. Overview

8.3.3.2. Product/Service Offering

8.3.3.3. Strategy

8.3.4. Deltex Medical Group PLC (UK )

8.3.4.1. Overview

8.3.4.2. Product/Service Offering

8.3.4.3. Strategy

8.3.5. Finisar Corporation (U.S.)

8.3.5.1. Overview

8.3.5.2. Product/Service Offering

8.3.5.3. Strategy

8.3.6. AP Sensing GmbH (Germany)

8.3.6.1. Overview

8.3.6.2. Product/Service Offering

8.3.6.3. Strategy

8.3.7. Sumitomo Electric Industries Ltd. (Japan)

8.3.7.1. Overview

8.3.7.2. Product/Service Offering

8.3.7.3. Strategy

8.3.8. AFL Group (U.S.)

8.3.8.1. Overview

8.3.8.2. Product/Service Offering

8.3.8.3. Strategy

8.3.9. Luna Innovations Incorporated (U.S.)

8.3.9.1. Overview

8.3.9.2. Product/Service Offering

8.3.9.3. Strategy

8.3.10. Ziebel AS (Norway)

8.3.10.1. Overview

8.3.10.2. Product/Service Offering

8.3.10.3. Strategy

LIST OF TABLES

TABLE 1 GLOBAL FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 2 GLOBAL FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 3 GLOBAL FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 4 GLOBAL FIBER OPTIC SENSOR MARKET, BY REGIONS

TABLE 5 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 6 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 7 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 8 U.S. FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 9 U.S. FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 10 U.S. FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 11 CANADA FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 12 CANADA FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 13 CANADA FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 14 EUROPE FIBER OPTIC SENSOR MARKET, BY COUNTRY

TABLE 15 EUROPE FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 16 EUROPE FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 17 EUROPE FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 18 GERMANY FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 19 GERMANY FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 20 GERMANY FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 21 FRANCE FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 22 FRANCE FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 23 FRANCE FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 24 U.K. FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 25 U.K. FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 26 U.K. FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 27 REST OF EUROPE FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 28 REST OF EUROPE FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 29 REST OF EUROPE FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 30 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY COUNTRY

TABLE 31 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 32 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 33 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY END-USER

TABLE 34 MIDDLE EAST & AFRICA FIBER OPTIC SENSOR MARKET, BY TYPE

TABLE 35 MIDDLE EAST & AFRICA FIBER OPTIC SENSOR MARKET, BY COMPONENT

TABLE 36 MIDDLE EAST & AFRICA FIBER OPTIC SENSOR MARKET, BY END-USER

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 GLOBAL FIBER OPTIC SENSOR MARKET: BY TYPE (%)

FIGURE 3 GLOBAL FIBER OPTIC SENSOR MARKET: BY COMPONENT (%)

FIGURE 4 GLOBAL FIBER OPTIC SENSOR MARKET: BY END-USER (%)

FIGURE 5 GLOBAL FIBER OPTIC SENSOR MARKET: BY REGION

FIGURE 6 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY TYPE (%)

FIGURE 5 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY COMPONENT (%)

FIGURE 7 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY END-USER (%)

FIGURE 8 NORTH AMERICA FIBER OPTIC SENSOR MARKET, BY COUNTRIES (%)

FIGURE 9 EUROPE FIBER OPTIC SENSOR MARKET, BY TYPE (%)

FIGURE 10 EUROPE FIBER OPTIC SENSOR MARKET, BY COMPONENT (%)

FIGURE 11 EUROPE FIBER OPTIC SENSOR MARKET, BY END-USER (%)

FIGURE 12 EUROPE FIBER OPTIC SENSOR MARKET, BY COUNTRIES (%)

FIGURE 13 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY TYPE (%)

FIGURE 14 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY COMPONENT (%)

FIGURE 15 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY END-USER (%)

FIGURE 16 ASIA-PACIFIC FIBER OPTIC SENSOR MARKET, BY COUNTRIES (%)

FIGURE 17 ROW FIBER OPTIC SENSOR MARKET, BY TYPE (%)

FIGURE 18 ROW FIBER OPTIC SENSOR MARKET, BY TYPE (%)

FIGURE 19 ROW FIBER OPTIC SENSOR MARKET, BY END-USER (%)