The various factors driving the growth of the distributed fiber optic sensor market are the increasing demand for DFOS from the oil & gas vertical, application of DFOS in civil engineering, and reliability of DFOS. Acoustic sensing is projected to grow at the highest CAGR during the forecast period.
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The deployment of distributed sensing technology along the entire length of the fiber cable in order to achieve real-time and continuous measurements is referred to as DFOS. However, the energy & utility vertical is expected to witness the highest CAGR during the forecast period.
On the basis of vertical, the distributed fiber optic sensor market is categorized into civil engineering, energy & utility, oil & gas, military, and others. In 2016, the largest revenue to the market was contributed by the oil & gas vertical, which is further predicted to retain its position during the forecast period.
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This market research report provides a comprehensive overview of the distributed fiber optic sensor market
- Historical and the present size of the distributed fiber optic sensor market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants