* The global market value for fiber optic sensors is projected to increase in 2011 to more than $1.2 billion. In 2012, global market value is forecast to be more than $1.5 billion. Given a compound annual growth rate (CAGR) of 10.5%, the global market value is calculated to increase to more than $2.5 billion in 2017.
* The global market value for intrinsic sensors is projected to increase in 2012 to nearly $1.5 billion. In the 5-year period between 2012 and 2017, global market value for intrinsic FOS is calculated to increase at a moderate CAGR of 8.8% to more than $2.2 billion.
* Growth of the market value for extrinsic FOS worldwide is expected to be stronger, with new products projected for the medical market. In 2012, total market value is forecast to be $72 million. In the 5-year period between 2012 and 2017, global market value for extrinsic FOS is calculated to increase at a CAGR of 33.3% to $302.9 million. http://www.bharatbook.com/detail.asp?id=217650&rt=Fiber-Optic-Sensors-Global-Markets.html
STUDY GOALS AND OBJECTIVES
This BCC study analyzes the status of global markets for fiber optic sensors. Fiber optic sensors (FOS) began as a by-product of telecommunications. The first sensors were designed to measure the performance and status of optical fiber networks. Optical networks transmit voice and data across the U.S. and around the world. The networks require constant monitoring to ensure signal transmission along the fibers in the network. market research reports
Faults or flaws along the length of the fiber affect the characteristic of the transmitted signal in measurable ways. Differences in temperature, strain, and pressure can be measured over long distances. The ability to multiplex a large number of wavelengths along a single fiber offers a means to gather a large amount of data from a single fiber.
With the ability to operate in harsh environments and imperviousness to electromagnetic interference, FOS can be applied in conditions in which electronic sensors fail. The cost of FOS technology remains higher than electronic sensors, thus FOS have penetrated only where the unique advantages of FOS justify the higher expense, or in which they are the only option for a harsh environment..
This report considers market conditions and opportunities in regional areas around the globe. The report also considers potential new applications that will emerge in the next 5 years. Recovery from the recession of 2008 and 2009 affected industry growth in the near term, but future growth opportunities are strong.
Optical fiber sensors measure temperature, pressure, humidity, acceleration, and strain, and can operate in harsh conditions. This report considers the different types of sensor, what they can measure, and where they are used. This report does not consider sensors for the telecommunications market.
Optical fiber sensors are used in energy, medicine, defense, industrial, security, structural, and commercial aerospace applications. Fiber optic sensors found a lucrative niche in the oil and gas market, as they opened an entire new revenue stream for service providers. However, improvements in sensor robustness will be required for FOS to realize their potential in this market.
Although familiarity with fiber sensor technology has increased and sensor prices have decreased, fiber sensors still find the most application in areas where electronic sensors cannot compete. In cases in which fiber optic sensors attempt to replace existing electronic technology that meets the defined need adequately and for lower cost, the electronic option still dominates. Cost and unfamiliarity remain the primary barriers to fiber optic sensor growth into new applications.
This report provides a standard 5-year planning cycle and revenue estimates through 2017. It defines product segments for optical coating technology categories, analyzes technology options, and determines current application markets as well as likely future opportunities.
Additionally, this report defines and graphically analyzes these fiber optic sensor markets from many perspectives, categorizes and profiles the companies involved, defines unique nomenclature, and details policy organizations, conferences, authors, and consortiums.
REASONS FOR DOING THE STUDY
The world has benefited immensely from the development of electronic technology and sensors. But electronics have several inherent limitations in terms of ultimate speed of function and environmental limitations on performance. Optical technologies offer the promise of faster speeds and the ability to operate under harsher conditions. However, before an optical revolution can occur, supporting technologies such as sensors must be developed.
Fiber optic sensor technology represents a critical feedback technology that will be applied in optical devices and systems, existing and yet to be developed. As sensing options increase, engineers and developers will be able to make all optical systems a future reality. Sensors may not be the most buzz-worthy market, but they are essential.
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