Fiber Optic Sensors Global Market Forecast
Online, August 29, 2011 (Newswire.com) - Upper Lake, CA (USA) - August 29, 2011 -- ElectroniCast Consultants, a leading market/technology forecast consultancy, today announced the release of an extensive market research study of the global consumption fiber optic Point and Continuous Distributed fiber optics sensors, as well as a separate forecast of optical signal processing analysis interface modules.
Fiber optic sensor technology has experienced impressive growth since ElectroniCast first started providing market and technology analysis of the subject since the early 1980s. "In fact our analysts were tracking the various advanced photonic technologies, since 1976. In regards to fiber optic sensors, laboratory demonstrations in the 1970s of fiber-optic gyros and acoustic sensors eventually led to the introduction of the first commercial intensity and spectrally based sensors," said Stephen Montgomery, president at ElectroniCast.
In 2010, the worldwide consumption value of point fiber optic sensors was $595 million and ElectroniCast forecasts the value of the point sensors to increase at an average annual growth rate of 9.83 percent to $951 million in 2015.
A Continuous Distributed fiber optic sensor system involves the optic fiber with the sensors embedded with the fiber, plus electronics, connectors, data acquisition module, software, and miscellaneous components; however, ElectroniCast only quantifies the optical fiber, cable (fiber jacket) and the sensor elements in this forecast database.
According to ElectroniCast, during the 2010-2015 timeline, the consumption value of fiber optic sensors used in continuous distributed systems is forecast to grow at an average annual rate of nearly 43 percent from $435 million to $2.639 billion.
Sensing/Measuring Quantity (Measurand) The ElectroniCast Fiber Optic Point Sensor Market Forecast is segment by the following sensing/measuring quantity (measurand) types:
• Mechanical Strain
• Temperature
• Pressure
• Chemical, Gas, Liquid
• Vibration, Acoustic, Seismic
• Displacement, Acceleration, Proximity
• Electric and Magnetic Field - Fiber Optic Sensors
• Rotation (such as Fiber Optic Gyroscopes: FOGs)
Continuous Distributed Sensor Technologies ElectroniCast provides detailed market forecasts for Interferometric, Raman back-scattering and Brillouin waves technologies in the following end-use applications:
• Manufacturing Process/Factory
• Civil Engineering/Construction (buildings, bridges, tunnels, etc)
• Military/Aerospace/Security
• Petrochemical/Energy/Utilities/Natural Resources
• Biomedical/Science
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This market forecast report is available immediately, at a fee of $6,800, from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; thosking@electronicastconsultants.com
(Telephone/USA: 707/275-9397)
ElectroniCast Consultants - www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants' goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.