SAN FRANCISCO, Oct. 8, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Distributed Fiber Optic Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1294
Companies: 11 - Players covered include AFL; Ap Sensing GmbH; Bandweaver; Brugg Kabel AG; Halliburton; Luna Innovations, Inc.; OFS Fitel LLC; Omnisens SA; QinetiQ Group PLC; Schlumberger Ltd.; Weatherford International Ltd.; Yokogawa Electric Corporation; Ziebel AS and Others.
Coverage: All major geographies and key segments
Segments: Application (Temperature, Acoustic, Other Applications); Fiber Type (Multi-Mode, Single-Mode); Operating Principle (Optical Time Domain Reflectometry (OTDR), Optical Frequency Domain Reflectometry (OFDR))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Distributed Fiber Optic Sensors Market to Reach $2.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Distributed Fiber Optic Sensors estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 13.9% over the analysis period. Optical Time Domain Reflectometry (OTDR), one of the segments analyzed in the report, is projected to record a 14.6% CAGR and reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Optical Frequency Domain Reflectometry (OFDR) segment is readjusted to a revised 12.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $340.7 Million in 2021, While China is Forecast to Reach $533.5 Million by 2026
The Distributed Fiber Optic Sensors market in the U.S. is estimated at US$340.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$533.5 Million by the year 2026 trailing a CAGR of 18.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.9% CAGR. More
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