Fiber Optic Sensors - Global Market Trajectory & Analytics

Global Fiber Optic Sensors Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Fiber Optic Sensors estimated at US$843.2 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 8% over the period 2020-2027. Intrinsic Fiber Optic Sensors, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$910.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Extrinsic Fiber Optic Sensors segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $227.7 Million, While China is Forecast to Grow at 12.1% CAGR

The Fiber Optic Sensors market in the U.S. is estimated at US$227.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$328.4 Million by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Select Competitors (Total 83 Featured):

• Avantes B.V.
• Baumer Group
• Davidson Instruments Inc.
• EXFO Inc.
• FISO Technologies Inc.
• Halliburton
• Honeywell International, Inc.
• Intelligent Fiber Optics Systems Corp.
• Keysight Technologies Inc.
• KVH Industries Inc.
• LUNA Innovations Inc.
• Micron Optics Inc.
• Northrop Grumman Corp.
• O/E LAND Inc.
• Ocean Optics Inc.
• Optrand Inc.
• Prime Photonics
• Roctest Ltd.
• Schlumberger Ltd.
• Sensa
• Sensornet Ltd.
• Sensuron
• Weatherford International Ltd.
• Ziebel AS