Fiber Optic Sensor Industry – Overview
Fiber Optic Sensor Industry has witnessed a remarkable growth in the past, the growth is expected to continue in the years to come with 11% of CAGR assures the deep diving study report published by Market Research Future, the report is presented through more than 100 market data tables and figures spread over 100 pages.
The Fiber Optic sensor consists of fiber optic cable connected to a remote sensor or an amplifier and has the ability to convert light energy into electrical signal. The Fiber Optic sensor supports the tasks such as sensing the temperature, pressure, rotation, vibrations, and concentration of chemical species. The fiber optic sensor have various applications in the field of remote sensing as it reduces electrical power and comes in a compact size, easily fit able in small areas. It is a negative (bad) conductor of electricity and possesses resistant characteristics for electromagnetic interference thereby can be used in places which are having high voltage electricity or any flammable material.
The high demand of fiber optic sensors in Oil & gas and construction industry is the major growth driver of Fiber Optic Sensor Industry during 2016-2022. Fiber optic sensor has high tolerance capacity and well suited for extreme temperature conditions thereby propelling its market growth in industrial as well as in energy & power sector.
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Some of the major players in Fiber Optic Sensor Industry includes ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), OmniSens S.A. (Switzerland), Deltex Medical Group PLC (UK), Finisar Corporation (U.S.), AP Sensing GmbH (Germany), Sumitomo Electric Industries Ltd. (Japan), AFL Group (U.S.), Luna Innovations Incorporated (U.S.), and, others.
Global Fiber Optic Sensor Market – Report Segment
The global fiber optic sensor market has been segmented on the basis of component, end users, type, and lastly, region. The component-based segmentation segments this market into fiber optic cable, optical amplifiers, receivers, transmitters, and others. Based on end users, the market has been segmented into defense, energy & power, medical, transportation, industrial and others. By type, the market segmentation covers intrinsic and extrinsic fiber optic sensors.
Fiber Optic Sensor Market – Regional Analysis
The regional segmentation of the global fiber optic sensor market has segmented the global market into regional markets known as North America, Asia Pacific, Europe, and the Middle East & Africa (MEA). North America holds the largest market share in the global market. The factors contributing to the growth of the market in this region include technological advancement, increasing production and improving distribution network by many key players based in this region. Other reasons for the market growth in North America include increasing demand for handheld devices in the smart control system of factory automation. The pivotal country-specific markets in this region are the USA, Canada, and Mexico.
Europe is the second largest regional market because it has a high density of population, the presence of many key market players, the best technological advancement after North America and many reasons same as North America. In this region, the extensive country-specific markets are France, Germany, and the UK, followed by the remaining countries of Europe.
Asia Pacific region has been anticipated to emerge as the fastest growing regional market due to the growing demand for fiber optic sensors in oil & gas and construction industry in this region. The rising need of electronic systems and handheld devices is also expected to fuel the market growth in this region at the time of the forecast period. The ideal country-specific markets in this region are China, India, Japan, and South Korea, followed by the remaining countries of Asia Pacific.
The MEA region shows a limited market with slow and steady growth due to the lack of technological development, lack of infrastructure, lack of education, lack of awareness, and political instability.
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Table of Contents:
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
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