Global Fiber Optic Sensors Market 2024-2028

The fiber optic sensors market is forecasted to grow by USD 1318.64 mn during 2023-2028, accelerating at a CAGR of 8.78% during the forecast period. The report on the fiber optic sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high deployment of fiber optic sensors in applications involving high temperatures, surging demand for fiber optic sensors in infrastructure sector, and need for enhanced safety and emergence of new refinery projects.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.9%
CAGR	8.78%
Incremental Value	$1318.64mn

Technavio's fiber optic sensors market is segmented as below:

By End-user

Oil and Gas
Building and Construction
Aerospace and defense
Power and Energy
Automotive and others

By Type

Intrinsic sensors
Extrinsic sensors

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the shift from copper to optic fibers as one of the prime reasons driving the fiber optic sensors market growth during the next few years. Also, increasing adoption of traditional strategies by market vendors and growing demand for data analysis will lead to sizable demand in the market.

The report on the fiber optic sensors market covers the following areas:

Fiber optic sensors market sizing
Fiber optic sensors market forecast
Fiber optic sensors market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fiber optic sensors market vendors that include AP Sensing GmbH, Aragon Photonics Labs. S.L.U., Bandweaver, Banner Engineering Corp., Baumer Holding AG, Coherent Inc., FBGS Technologies GmbH, Honeywell International Inc., Hottinger Bruel and Kjaer GmbH, ifm electronic gmbh, Keyence Corp., Luna Innovations Inc., Northrop Grumman Corp., OMRON Corp., Prysmian Spa, Resonetics, Rockwell Automation Inc., Sensuron LLC, SICK AG, and Yokogawa Electric Corp.. Also, the fiber optic sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77355

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global fiber optic sensors market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global fiber optic sensors market 2018 - 2022 ($ million)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Oil and Gas - Market size and forecast 2023-2028
Exhibit 34: Chart on Oil and Gas - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Oil and Gas - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Oil and Gas - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Oil and Gas - Year-over-year growth 2023-2028 (%)
6.4 Building and Construction - Market size and forecast 2023-2028
Exhibit 38: Chart on Building and Construction - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Building and Construction - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Building and Construction - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Building and Construction - Year-over-year growth 2023-2028 (%)
6.5 Aerospace and defense - Market size and forecast 2023-2028
Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
6.6 Power and Energy - Market size and forecast 2023-2028
Exhibit 46: Chart on Power and Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Power and Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Power and Energy - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Power and Energy - Year-over-year growth 2023-2028 (%)
6.7 Automotive and others - Market size and forecast 2023-2028
Exhibit 50: Chart on Automotive and others - Market size and forecast 2023-2028 ($ million)
Exhibit 51: Data Table on Automotive and others - Market size and forecast 2023-2028 ($ million)
Exhibit 52: Chart on Automotive and others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Automotive and others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)
Exhibit 55: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2023-2028 (%)
Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Intrinsic sensors - Market size and forecast 2023-2028
Exhibit 60: Chart on Intrinsic sensors - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Intrinsic sensors - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Intrinsic sensors - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Intrinsic sensors - Year-over-year growth 2023-2028 (%)
7.4 Extrinsic sensors - Market size and forecast 2023-2028
Exhibit 64: Chart on Extrinsic sensors - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Extrinsic sensors - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Extrinsic sensors - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Extrinsic sensors - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ million)
Exhibit 69: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Bandweaver
Exhibit 123: Bandweaver - Overview
Exhibit 124: Bandweaver - Product / Service
Exhibit 125: Bandweaver - Key offerings
12.4 Banner Engineering Corp.
Exhibit 126: Banner Engineering Corp. - Overview
Exhibit 127: Banner Engineering Corp. - Product / Service
Exhibit 128: Banner Engineering Corp. - Key offerings
12.5 Baumer Holding AG
Exhibit 129: Baumer Holding AG - Overview
Exhibit 130: Baumer Holding AG - Product / Service
Exhibit 131: Baumer Holding AG - Key offerings
12.6 Coherent Inc.
Exhibit 132: Coherent Inc. - Overview
Exhibit 133: Coherent Inc. - Business segments
Exhibit 134: Coherent Inc. - Key offerings
Exhibit 135: Coherent Inc. - Segment focus
12.7 FBGS Technologies GmbH
Exhibit 136: FBGS Technologies GmbH - Overview
Exhibit 137: FBGS Technologies GmbH - Product / Service
Exhibit 138: FBGS Technologies GmbH - Key offerings
12.8 Honeywell International Inc.
Exhibit 139: Honeywell International Inc. - Overview
Exhibit 140: Honeywell International Inc. - Business segments
Exhibit 141: Honeywell International Inc. - Key news
Exhibit 142: Honeywell International Inc. - Key offerings
Exhibit 143: Honeywell International Inc. - Segment focus
12.9 ifm electronic gmbh
Exhibit 144: ifm electronic gmbh - Overview
Exhibit 145: ifm electronic gmbh - Product / Service
Exhibit 146: ifm electronic gmbh - Key offerings
12.10 Luna Innovations Inc.
Exhibit 147: Luna Innovations Inc. - Overview
Exhibit 148: Luna Innovations Inc. - Product / Service
Exhibit 149: Luna Innovations Inc. - Key offerings
12.11 Northrop Grumman Corp.
Exhibit 150: Northrop Grumman Corp. - Overview
Exhibit 151: Northrop Grumman Corp. - Business segments
Exhibit 152: Northrop Grumman Corp. - Key news
Exhibit 153: Northrop Grumman Corp. - Key offerings
Exhibit 154: Northrop Grumman Corp. - Segment focus
12.12 OMRON Corp.
Exhibit 155: OMRON Corp. - Overview
Exhibit 156: OMRON Corp. - Business segments
Exhibit 157: OMRON Corp. - Key news
Exhibit 158: OMRON Corp. - Key offerings
Exhibit 159: OMRON Corp. - Segment focus
12.13 Prysmian Spa
Exhibit 160: Prysmian Spa - Overview
Exhibit 161: Prysmian Spa - Business segments
Exhibit 162: Prysmian Spa - Key offerings
Exhibit 163: Prysmian Spa - Segment focus
12.14 Resonetics
Exhibit 164: Resonetics - Overview
Exhibit 165: Resonetics - Product / Service
Exhibit 166: Resonetics - Key offerings
12.15 Rockwell Automation Inc.
Exhibit 167: Rockwell Automation Inc. - Overview
Exhibit 168: Rockwell Automation Inc. - Business segments
Exhibit 169: Rockwell Automation Inc. - Key news
Exhibit 170: Rockwell Automation Inc. - Key offerings
Exhibit 171: Rockwell Automation Inc. - Segment focus
12.16 SICK AG
Exhibit 172: SICK AG - Overview
Exhibit 173: SICK AG - Product / Service
Exhibit 174: SICK AG - Key offerings
12.17 Yokogawa Electric Corp.
Exhibit 175: Yokogawa Electric Corp. - Overview
Exhibit 176: Yokogawa Electric Corp. - Business segments
Exhibit 177: Yokogawa Electric Corp. - Key offerings
Exhibit 178: Yokogawa Electric Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 179: Inclusions checklist
Exhibit 180: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 181: Currency conversion rates for US$
13.4 Research methodology
Exhibit 182: Research methodology
Exhibit 183: Validation techniques employed for market sizing
Exhibit 184: Information sources
13.5 List of abbreviations
Exhibit 185: List of abbreviations