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Long-term forecast bright for fiber optic sensor market

The distributed fiber optic sensor market is forecast to be worth US$622 million in 2013. Decreases associated with reduced government spending were compensated for by distributed acoustic sensing (DAS) systems market penetration. However, by...


August 4, 2013  


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The distributed fiber optic sensor market is forecast to be worth US$622 million in 2013. Decreases associated with reduced government spending were compensated for by distributed acoustic sensing (DAS) systems market penetration. However, by 2017, the market is projected to be worth US$1.525 billion with 73% associated with the oil and gas segments, according to a recent market survey report conducted by the Photonic Sensor Consortium and published by Information Gatekeepers.

“When the positive and negative factors are considered, all of the fiber optic sensor companies that were surveyed are optimistic about future growth with 100% of the companies surveyed forecasting market expansion at 10% or higher,” said  Dr. David Krohn, author of the Photonic Sensor Consortium Market Survey Report. Krohn is chairman of the Photonic Sensor Consortium and managing partner of Light Wave Venture LLC.

The report notes that fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications.

The forecast covers distributed fiber optic sensing systems including sensor elements, fiber optic cables, interrogators and software.