LONDON, Oct. 10, 2017 /PRNewswire/ -- Market
Overview
Distributed fiber optic sensors refer to the integration of
distributed sensing technology along the entire length of fiber
cable to achieve continuous and real-time measurements. Distributed
fiber optic sensors overcome the built-in constraints of
traditional technologies such as thermocouples and strain gauges.
Based on scattering process, Raman scattering process is likely to
spearhead the scattering process segment throughout the forecast
period, whereas, Rayleigh scattering process is expected to
register the highest growth during the forecast period.
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Among various industry verticals, oil and gas industry is expected
to be the largest user of distributed fiber optic sensors. The
several benefits associated with these sensors, including
capability to provide more accurate and efficient results, even in
remote locations, are the major factors behind their adoption in
oil and gas vertical. Some of the factors like increasing adoption
of distributed optic fiber sensors in oil and gas and soaring
demand from the civil engineering vertical are expected to propel
the growth of global distributed fiber optic sensor market in near
future.
Distributed Fiber Optic Sensor Market
Market Dynamics
The global distributed fiber optic sensor market is expected to
witness a CAGR of 15.0% during the forecast period, to reach
$1,970.1 million by 2023. Distributed
fiber optic sensors are widely being adopted in oil and gas
vertical. In oil and gas applications, these sensors are being used
for specific monitoring of well-temperature and for obtaining an
authentic picture of physical parameters of wellbore. However, the
market is expected to register fastest growth in civil engineering
vertical, during the forecast period. Distributed fiber optic
sensors are widely being adopted in civil engineering to enhance
the inspection accuracy and efficiency.The application of
structured health monitoring (SHM) systems to civil engineering is
the major factor escalating the adoption of distributed optic fiber
sensors in this vertical. Engineers trained in visual inspection
used to execute several civil engineering infrastructures including
assessment of buildings, bridges, dams and tunnels, which includes
the probability to be inaccurate because of the deviations in their
background for safety condition assessments. These sensors help
civil engineering vertical with their features of durability, small
size, security and insensitivity to external electromagnetic
perturbations.
Based on application, temperature sensing application segment is
likely to spearhead with largest revenue contribution throughout
the forecast period. However, acoustic sensing application is
expected to register highest growth among them during the forecast
period. Wireless and passive nature of acoustic sensors is the
major factor escalating its adoption. Distributed acoustic sensors
are being used to measure any kind of vibrational change by using a
distributed optic fiber.
Trends
The distributed fiber optic sensors offer several advantages
including immunity to electromagnetic interference, high
sensitivity, broad bandwidth, lightweight, small size, and ease of
implementation. Presently, most of the research groups have moved
their focus towards distributed sensors, capable of detecting
various dynamic parameters including dynamic strains,
electromagnetic fields and sound waves. Due to the rapid adoption
of distributed fiber optic sensors in various industry verticals
for several applications, commercialization of distributed optical
fiber sensors has found some success.
New ideas to enhance the application areas of distributed fiber
optic sensors are uninterruptedly being developed and helping
traditional measurements along with new applications. Escalating
demand for high speed Ethernet is generating demand for more
bandwidth. Demand for more bandwidth is expected to increase the
adoption of single mode fiber based sensors because, single mode
fiber based sensors are employed for long distance.
Growth Drivers
The key factors propelling the growth of global distributed optic
fiber sensor market include the escalation in global demand of oil
and gas, power and utility and safety and security. Distributed
fiber optic sensors have ability to operate and optimize resources
of oil and gas industry more effectively. Several factors including
more focus on improving oil recovery, continued stability of
capital investment on thermal enhanced oil improvement techniques,
and rise of expensive multi-lateral hydraulic fracturing are the
major factors supporting the growth of global distributed optic
fiber sensor market. In traditional tank monitoring systems,
sensing element is being considered as a physical device and
commonly implemented at the end of copper line. Unlike traditional
tank monitoring devices, distributed fiber optic sensing technology
use the entire length of glass fiber and turn it into thousands of
sensing points to provide more accurate and efficient results.
Traditional sensors rely on various sensors measuring at
pre-decided points, whereas, distributed sensing does not rely upon
manufactured sensors but take advantage of optical fiber.
Distributed fiber optic sensors enable surveilling solutions with
benefits for the safety of society and critical assets, especially
when surveilling in inhospitable environments or remote locations.
These sensors substitute integration of thousands of sensors with
single optical fiber system. Moreover, the optical fiber is light
weighted, manageable, available at low-price, and unaffected to
electromagnetic interference (EMI), which makes it an economical
and flexible sensor medium. The benefits associated with
distributed optic fiber sensors are likely to spur the growth of
this market.
Competitive Landscape
The key players in the distributed fiber optic sensor market
include Schlumberger Limited, Halliburton Company, Yokogawa
Electric Corporation, Weatherford International plc, QinetiQ Group
plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver,
OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL, and Ziebel
AS.
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different applications
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