Fiber Optic Sensors Market by Key Players, Emerging Growth Factors and Applications to 2018-2025

11th October, 2018 – Fiber Optic Sensors Market are used as a mode of transmitting signals from a remote sensor to the electronics that process the signals or as sensing element. It is used to obtain real time strain, temperature, pressure, and vibration. The market is expected to grow significantly over the forecast period owing to its various applications in several sectors such as automotive, oil and gas, manufacturing, aircraft and shipbuilding, electronics, and packaging & logistics.

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With technological advancement in the fiber optic sensors market, industry players are introducing highly ultra-miniature and power-efficient fiber optical sensors. The need for robust and reliable sensors has evidently brought about a change in the materials and manufacturing processes. Such trends are expected to bring positive growth in this industry. These sensors are resistance to electromagnetic interference therefore they find extensive use in aerospace industry, manufacturing and oil and gas industry.

 

Key vendors in fiber optic sensors industry are IFM Efector, Banner Engineering, Honeywell Sensing and Control, OMRON, Sick AG, Sensotec GmbH, and Micron Optics Inc.In October 2014, Micron Optics Inc. provider of fiber optics sensing systems launched si255 Optical Sensing Interrogator. si255 Optical Sensing Interrogator offers more wavelength scanning range, more parallel channels and featured with dynamic and absolute measurements.

In automotive sector these sensors are used to monitor real time pressure and temperature which in determining proper functioning of the vehicle. In aircrafts it has improved the monitoring system of the engine, it gives real time monitoring data of blade vibrations in engine which helps in prolonging the blade life and saving it from damage. It has extensive application in telecom industry in LAN, it helps in providing high speed secure internet. In packing and logistic industry these sensors are used in tracking and record keeping of inventory.

North America is considered to be the largest market for the forecast period but its growth rate is anticipated to be moderate. Developed manufacturing, oil & gas, aerospace, and automotive industry makes it a huge market. Europe is also expected to be key contributor to this industry owing to the presence of aerospace industry such as Airbus and BAE system and huge automobile production from BMW, Audi and Volkswagen which uses these sensors extensively.

Asia pacific is expected to have largest growth rate for the forecast period owing to continuous automation in industries. Industries such as oil & gas, manufacturing and automotive have observed increasing demand for sophisticated equipment most of which requires optical sensors for monitoring. Middle East and Africa are expected to have slow growth rate as the market are in very nascent stage due to less industrial development.

Key vendors in fiber optic sensors industry are IFM Efector, Banner Engineering, Honeywell Sensing and Control, OMRON, Sick AG, Sensotec GmbH, and Micron Optics Inc.In October 2014, Micron Optics Inc. provider of fiber optics sensing systems launched si255 Optical Sensing Interrogator. si255 Optical Sensing Interrogator offers more wavelength scanning range, more parallel channels and featured with dynamic and absolute measurements.

In August 2013, Micron Optics Inc. provider of optical sensing systems launched os5500 Displacement Gage it based on Fiber Bragg Grating (FBG) technology. It is used to measure displacements of up to 450 mm between two gauge points on the surface of a specimen for long period of time. Its response time is fast, stable, and high resolution measurements are obtained.



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