PUBLISHER: BCC Research | PRODUCT CODE: 1517518
PUBLISHER: BCC Research | PRODUCT CODE: 1517518
The global market for fiber optic sensors was valued at $3.2 billion in 2023. The market is anticipated to grow from $3.5 billion in 2024 to $5.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2029.
The North American market for fiber optic sensors is anticipated to grow from $1.2 billion in 2024 to $1.9 billion by 2029, at a CAGR of 8.8% from 2024 to 2029.
The Asia-Pacific market for fiber optic sensors is anticipated to grow from $880.8 million in 2024 to $1.5 billion by 2029, at a CAGR of 11.2% from 2024 to 2029.
This study analyzes the many types of fiber optic sensors, including intrinsic and extrinsic sensors, as well as the many applications of these sensors, such as defense, energy, construction, transportation, security, telecommunication and medical. It analyzes the trends, drivers and regional dynamics of the global market. The report concludes by providing profiles of the leading sensor companies. The base year for the study is 2023, and projections for 2024 through 2029 included, along with projected compound annual growth rates (CAGRs) for the forecast period.
The report focusing on the key components of the sensors: transmitters and receivers, optical amplifiers, fiber optic cables and dispersion compensators; technologies such as fiber optic gyroscopes, coated fiber sensors, fiber Bragg grating (FBG), Raman scattering sensors and interferometric sensors. The report breaks down the global market into four regions: North America, Europe, Asia-Pacific and Rest of the World (RoW), which includes Latin America, the Middle East and Africa.