Global Fiber Optic Sensors Market should reach US$ 1885 million by 2027 from US$ 1211.7 million in 2021 at a compound annual growth rate (CAGR) of 11.7% for the Forecast period of 2022 to 2027.
Fiber optic sensors (FOS) are used to measure physical attributes like rotations, pressure, temperature, mechanical strain, chemical species concentration, voltages, vibrations, acceleration and displacements. Fiber optic sensors use optical fiber as a sensing element (intrinsic sensor) or to transfer signals from a remote sensor to the module of signal processing (extrinsic sensor). Electromagnetic constraints resist fiber optic sensors and they do not carry electricity.
At present, in developed countries, the fiber optic sensors industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in USA. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese fiber optic sensors production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.Fiber optic sensors are fiber-based devices for sensing some quantity, typically temperature or mechanical strain, but sometimes also displacements, vibrations, pressure, acceleration, rotations or concentrations of chemical species.
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Top Key players in the Fiber Optic Sensors Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fiber Optic Sensors Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Micron Optics, Honeywell, FISO Technologies, Omron, FBGS TECHNOLOGIES GMBH, Proximion, Smart Fibres Limited, Sensornet, ITF Labs/3SPGroup, Keyence, IFOS, NORTHROP GRUMMAN, O/E LAND, Inc, KVH, Photonics Laboratories, Chiral Photonics, FBG TECH, OPTOcon GmbH, Redondo Optics, Broptics, Wutos, Pegasus (Qingdao) Optoelectronics, BEIYANG, Bandweaver, DSC and others.
Fiber Optic Sensors Market is segmented based on the type, applications, companies and regions.
Fiber Optic Sensors Market, By Type
Fiber Optic Sensors Market, By Product Type
Fiber Optic Sensors Market, By End-Use
The U.S. Market is Estimated at $227.7 Million, While China is Forecast to Grow at 12.1% CAGR
The Fiber Optic Sensors market in the U.S. is estimated at US$227.7. China, the world`s second largest economy, is forecasted to reach a projected market size of US$328.4 Million trailing a CAGR of 12.1%. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively. Within Europe, Germany is forecasted to grow at approximately 5.1% CAGR.
North America to Account for a Major Share
North America is a significantly growing market, with the United States accounting for a major share, specifically owing to the growth in consumer electronics. Textile-integrated flexible optical fibers for electronic wearable systems are lightweight in structure, insensitive to electromagnetic fields, and water- and corrosion-resistant. Due to these benefits, optical fiber-based pressure sensors are used in numerous applications to detect chemical or physical change further stimulating adoption of consumer electronics.
The report offers in-depth assessment of the growth and other aspects of the Fiber Optic Sensors Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Report Attributes | Report Details |
Report Title | Fiber Optic Sensors Market - Growth, Trends And Forecast (2021 - 2026) By Types, By Application, By Regions and By Key Players: Micron Optics, Honeywell, FISO Technologies, Omron |
Forecast Period 2022 to 2027 CAGR | CAGR of 11.7 % over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Micron Optics, Honeywell, FISO Technologies, Omron, FBGS TECHNOLOGIES GMBH, Proximion, Smart Fibres Limited, Sensornet, ITF Labs/3SPGroup, Keyence, IFOS, NORTHROP GRUMMAN, O/E LAND, Inc, KVH, Photonics Laboratories, Chiral Photonics, FBG TECH, OPTOcon GmbH, Redondo Optics, Broptics, Wutos, Pegasus (Qingdao) Optoelectronics, BEIYANG, Bandweaver, DSC |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 133 |
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Who are the key players in Fiber Optic Sensors Market?
Micron Optics, Honeywell, FISO Technologies, Omron, FBGS TECHNOLOGIES GMBH, Proximion, Smart Fibres Limited, Sensornet, ITF Labs/3SPGroup, Keyence, IFOS, NORTHROP GRUMMAN, O/E LAND, Inc, KVH, Photonics Laboratories, Chiral Photonics, FBG TECH, OPTOcon GmbH, Redondo Optics, Broptics, Wutos, Pegasus (Qingdao) Optoelectronics, BEIYANG, Bandweaver, DSC
What regions does this Fiber Optic Sensors Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fiber Optic Sensors Market?
Intrinsic, Extrinsic, Intensity Modulated Fiber Optic Sensors, Phase Modulated Fiber Optic Sensors, Wavelength Modulated Fiber Optic Sensors, Polarization Modulated Fiber Optic Sensors Others
What are the major end-use applications of the Fiber Optic Sensors Market?
Defense, Energy & Power, Medical, Transportation, Buildings and Bridges, Aerospace Applications, Tunnels, Dams, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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