Research and Markets Evaluates Fiber-Optic Sensor MarketNovember 17, 2011
The global fiber optic sensor market to grow at a CAGR Of 27.8% over the period 2010-2014.
One of the key factors contributing to this market growth is the increased deployment of high-temperature applications. The Global Fiber Optic Sensor market has also been witnessing the development of long-range fiber optic sensors. However, the short range of these sensors could pose a challenge to the growth of this market. TechNavio's report, Global Fiber Optic Sensor Market 2010–2014, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report analyzes the Global Fiber Optic Sensor market landscape and its growth prospects. The report covers both intrinsic and extrinsic types of fiber optic sensors. The report does not discuss any other types of sensors such as image sensors and pressure sensors. Nor does the report discuss fiber optic sensors in the Military/Defense sector because of the confidential nature of their work. This report provides a vendor landscape of the Global Fiber Optic Sensors market and a corresponding detailed analysis of the top four vendors. The report provides details of the revenues obtained from the sale of and services associated with fiber optic sensors.
Key vendors dominating this market are Sick AG, Banner Engineering Corp., OMRON Corp., and ifm Efector Inc.
According to the report, fiber optic sensors play an important role in the seamless flow of operations in industries working with high-temperature environments. With the ever-increasing number of vehicles and the need for more power and energy resources, several oil and gas companies are increasing their operations to meet the demand. These oil and gas plants have several applications that pertain to higher temperature operations. Thus to increase the overall performance of the plant and pertaining to safety, several organizations are installing fiber optic sensors to leverage the advantages of high heat bearing capabilities.
The report also discusses the increasing concerns about the short lifespan of fiber optic cables which is affecting the deployment of these sensors.
For more information visit the Research and Markets Web site.
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