Global Fibre Optics Sensors Market Key Trends, Application Analysis, Regional Outlook & Forecasts to 2016

Global Fibre Optics Sensors Market Share, Size, Emerging Trends, Analysis, Outlook, Overview and Forecasts 2016-2020

Technavios market research analyst predicts the global fiber optic sensors market to grow steadily at a CAGR of about 9% during the forecast period. The fiber optic sensors capability of a higher tolerance for high temperatures is expected to drive the demand for these sensors in applications that has extreme environmental conditions and where electrical sensors fail to function properly, such as the oil and gas, and manufacturing sector.

Increased exploration of unconventional resources is another major factor expected to increase the revenues of the fiber optic sensors market during the forecast period. Fiber optic sensors are integrated into equipment used during the drilling and exploration stages. The increase in consumption of oil and gas and the decline in the production of conventional oil reserves has forced vendors and governments to indulge in exploration and drilling activities, therefore, leading to greater demand for fiber optic sensors in this industry.

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Product segmentation and analysis of the fiber optic sensors market

Intrinsic fiber optic sensors

Extrinsic fiber optic sensors

The intrinsic sensors segment dominated the market during 2015, with a market share of above 93%. Intrinsic sensors are used to measure physical properties such as strain, pressure, and temperature. The main reason behind the dominance of intrinsic sensors is the early adoption of these sensors in oil and gas industry.

Table of Content

PART 01: Executive summary

Highlights

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PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PEST analysis

PART 04:...