PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419070
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419070
Distributed Fiber Optic Sensing (DFOS) Market size was valued at USD 1,430.43 Million in 2022, expanding at a CAGR of 8.1% from 2023 to 2030.
Total internal reflection of light is the basis for the operation of DFOS, which are transparent, flexible fibers. They are composed of silica, plastic, and glass of the highest calibre. Numerous advancements in optical technology brought about by intensive research and development have made it possible to use optical fibers for a range of applications in the oil and gas, utilities, medical, and defense industries.
The market is seeing growth prospects because of businesses' and companies' growing requirement to implement efficient sensing operations for their machine systems. The use of optic sensing has grown significantly in several industries, including the automobile, aircraft, civil, energy, and others. Different sensing methods have different operational capacities as well, such as sensing based on the Raman Effect and sensing based on the Rayleigh Effect. Other notable trends include the integration of cutting-edge technologies like intelligent distributed acoustic sensor (iDAS) and real-time thermal rating (RTTR). The growing amount of money is being spent on R&D to develop novel fiber cables and offer dependable, fast connectivity.
Fiber optic cables have a higher transmission capacity than metal wires, they present businesses with more cost-saving options. The technology is being deployed by organizations because to its high efficiency and high speed of transmission capabilities in remote and inaccessible regions. These benefits are expected to boost the growth of DFOS market.
The Global Distributed Fiber Optic Sensing (DFOS) Market is segmented on the basis of Technology, Application, End-User, and Region.
The market is divided into five categories based on Technology: rayleigh effect, brillouin scattering, raman effect, interferometric, and bragg grating. The raman effect segment dominates the market. Rayleigh effect segment is expected to grow at the fastest CAGR over the forecast period.
The market is divided into three categories based on Application: temperature sensing, acoustic/vibration sensing, and others. The temperature sensing segment dominates the market and is likely to maintain its dominance during the forecast period. The high accuracy of DFOS in temperature sensing solution is majorly boosting the market growth.
The market is divided into five categories based on End-User: oil & gas, energy &utilities, safety & security, industrial, and others. The oil & gas segment dominates the market and is likely to maintain its dominance during the forecast period. Temperature measurement and security application across oil & gas sector is contributing to segment growth.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Distributed Fiber Optic Sensing (DFOS) market is moderately fragmented in nature. Due to Distributed Fibre Optic Sensors' (DFOS) high functionality, more companies are making technology investments and participating in R&D activities. As a result, new products are developed, providing businesses with the chance to increase their market share. Leading players want to surpass all other fiber optic technology replacements by streamlining their production processes and controlling efficiency.
In October 2023, Schlumberger Limited launched the methane point instrument, a self-installed continuous methane monitoring system that uses IoT-enabled sensors.
In March 2023, AP Sensing introduced its advanced third-generation fiber optic Linear Heat Detection (LHD) system - the N45-Series.
The scope of this report covers the market by its major segments, which include as follows: