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Fiber Optic Sensors - Global Strategic Business Report

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    Report

  • 612 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 516887

Global Fiber Optic Sensors Market to Reach $6.4 Billion by 2030

The global market for Fiber Optic Sensors estimated at US$3.1 Billion in the year 2022, is projected to reach a revised size of US$6.4 Billion by 2030, growing at a CAGR of 9.5% over the analysis period 2022-2030. Intrinsic, one of the segments analyzed in the report, is projected to record 10.1% CAGR and reach US$4.6 Billion by the end of the analysis period. Growth in the Extrinsic segment is estimated at 8.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $794.2 Million, While China is Forecast to Grow at 11.6% CAGR

The Fiber Optic Sensors market in the U.S. is estimated at US$794.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$833.3 Million by the year 2030 trailing a CAGR of 11.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 8.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Select Competitors (Total 173 Featured)

  • Balluff GmbH
  • Advantest Corporation
  • Automation Systems Interconnect, Inc.
  • Autonics Corporation
  • Avantes BV
  • Applied Optoelectronics, Inc.
  • Ascentta, Inc.
  • AOS GmbH
  • Bandweaver
  • Ap Sensing GmbH
  • Aurora Optics, Inc.
  • Aragon Photonics
  • AmeriMation, Inc.
  • Appointech, Inc.
  • Accelovant Technologies Corporation

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Fiber Optic Sensors Market

What is the estimated value of the Fiber Optic Sensors Market?

The Fiber Optic Sensors Market was estimated to be valued at $3.1 Billion in 2022.

What is the growth rate of the Fiber Optic Sensors Market?

The growth rate of the Fiber Optic Sensors Market is 9.5%, with an estimated value of $6.4 Billion by 2030.

What is the forecasted size of the Fiber Optic Sensors Market?

The Fiber Optic Sensors Market is estimated to be worth $6.4 Billion by 2030.

Who are the key companies in the Fiber Optic Sensors Market?

Key companies in the Fiber Optic Sensors Market include Balluff GmbH, Advantest Corporation, Automation Systems Interconnect, Inc., Autonics Corporation, Avantes BV, Applied Optoelectronics, Inc., Ascentta, Inc., AOS GmbH, Bandweaver and Ap Sensing GmbH.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Impact of the Pandemic on Fiber Optic Sensors
  • Optical Fiber Sensors Exude Great Diagnostics Potential in Fight against COVID-19
  • Fiber Optic Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Fiber Optic Sensors: A Prelude
  • Extrinsic and Intrinsic FOS
  • Types of Fiber Optic Sensors by Category
  • Market Evolution over the Years
  • Distributed Fiber Optic Sensors: A High Growth market
  • Market Outlook
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Investments in Smart City Projects Augur Well
  • Global Smart Cities Opportunity (In US$ Billion) for Years 2021, 2024, 2027
  • High Demand Anticipated for 5G Optical Sensing Technologies
  • Breakdown of Network Latency (in Milliseconds) by Network Type Network Latency (Milliseconds)
  • Number of 5G Connections Worldwide: 2020-2025
  • Fiber Optic Sensors Augment AI-Based Analysis
  • World Market for AI-based Hardware, Software and Services (In US$ Million) by Technology for the Years 2018, 2022 and 2024
  • Fiber Optic Sensors Seek Role in Industry 4.0 Environments
  • Global Industry 4.0 Revenues in US$ Billion for 2019, 2021, 2023 and 2025
  • Progressive Developments to Spur Fiber Optic Sensors Market
  • Startups Venture into Development of Promising Optical Fiber Sensor Technologies
  • Aviation Technology Displays Striking Leap Forward with Fiber Optic Sensors
  • Deep Dive into Primary Applications of Fiber Optic Sensors in Aerospace Industry
  • Downturn in Aerospace Industry Impacts Demand
  • Global Aircrafts Fleet (in Units) for Years 2020, 2021, 2026, & 2031P
  • Commercial Airline Revenue Growth (in %) for 2010-2020 Year Growth Rate (%)
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Increasing Focus on Guidance and Control of Munitions Drive Applications in Defense Sector
  • A Review of Military and Defense Spending in Select Countries Amid the Pandemic
  • Defense Spending Trends Set Demand Dynamics for Military Electro Optics and Infrared Systems: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
  • Unmanned Aerial Vehicles: Market Opportunity with Significant Potential
  • Global Market for Drones (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Fiber Optic Sensing Systems Advantageous for Space Applications
  • Fiber Optic Sensing Holds Bright Future in Oil & Gas Industry with Diverse Applications
  • Distributed Fiber Optic Sensing for Kick Detection
  • Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
  • CAPEX Cuts in the O&G Industry Puts Investments on IEMS into the Back Burner: Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Increasing IoT Adoption in Oil and Gas Industry Widens Opportunities
  • Pipeline Monitoring: A Growing Application
  • DAS Finds Increasing Adoption
  • Structural Health Monitoring in Smart Structures Builds Opportunities for FOS in Civil Engineering Sector
  • Resurgence in Infrastructure Investments to Boost Demand for Fiber Optic Sensing for Enhanced Efficiency in Infrastructure Monitoring
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Industrial Sector Offers Wide Opportunities
  • Telecom Sector: The Traditional End-Use Application Area
  • VR Ecosystem Emerges as Key Sphere for Implementation of Fiber Optic Sensors
  • FO-DTS Finds Use in Environmental Applications
  • Revival in the Automotive Industry to Sustain Demand for Fiber Optic Sensors
  • World Automobile Production in Million Units: 2008-2022
  • Electric Vehicles Present Significant Scope for Implementation of Fiber Optic Sensors
  • Global EV Sales for the Years 2020 and 2025
  • FOG-based IMUs to Make Big Gains in Autonomous Vehicles Vertical
  • Global Autonomous Vehicle Sales (In Million)
  • Energy Sector: A Growing End-Use Opportunity
  • Fiber Optic Sensors Gain Demand as the World Increasingly Harnesses the Power of Wind
  • Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2020
  • World Renewable Energy Production (In Trillion Kilowatt Hours) by Energy Source for the Years 2017, 2020, 2030 and 2040
  • Increase in Offshore Wind Installations Presents New Opportunities: Global Offshore Wind Net Capacity Additions (In GW) for The Years 2018-2022
  • Global Investment Outlook (In US$ Billion) in Offshore Wind Energy by Select Country between 2019 and 2040
  • Bio Medical Applications Offer Significant Opportunities
  • Fiber Optic Sensors Re-Envisioning Healthcare Domain by Aiding Minimally-Invasive Procedures
  • Wearable Sensors for Health Monitoring Attain Next Level with Fiber Optic Sensors
  • Fiber Optic Sensors for Health Monitoring
  • R&D Geared towards Product Innovation: Key for Constant Growth
  • Fraunhofer IPT Offers High-end Fiber Optic Sensors for Automotive Engineering, Medical and Microsystems Technology Fields
  • Gallium Arsenide Fiber Optic Temperature Sensors for MRI Scanning Application from Rugged Monitoring
  • Optical Fiber Sensing Built on EWA
  • Reducing Costs: A Priority for Sensor Manufacturers
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Fiber Optic Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Fiber Optic Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Fiber Optic Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Intrinsic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Intrinsic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Intrinsic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Extrinsic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Extrinsic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Extrinsic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Infrastructure by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Infrastructure by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Security by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Security by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Fiber Optic Sensors Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • AFRICA
  • Fiber Optic Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Balluff GmbH
  • Advantest Corporation
  • Automation Systems Interconnect, Inc.
  • Autonics Corporation
  • Avantes BV
  • Applied Optoelectronics, Inc.
  • Ascentta, Inc.
  • AOS GmbH
  • Bandweaver
  • Ap Sensing GmbH
  • Aurora Optics, Inc.
  • Aragon Photonics
  • AmeriMation, Inc.
  • Appointech, Inc.
  • Accelovant Technologies Corporation