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Global High Speed Fibre Optic Sensor Market to Grow at a CAGR of 12.1% During the Period 2022-2027, Driven by Applications Across Sectors

According to a new report by EMR titled, ‘Global High Speed Fibre Optic Sensor Market Report and Forecast 2022-2027’, the global high speed fibre optic sensor market is expected to grow at a CAGR of 12.1% during the period 2022-2027, led by advancements in technology.

The global high speed fibre optic sensor market is likely to be driven by applications across sectors, technological advancements, and demand for sensing solutions in difficult environments. North America, Europe and Asia are expected to be key markets.

Optical fibre sensors are used to measure several material and environmental properties, including temperature, displacement, strain, electric currents, magnetic fields, and pressure. Fibre optic sensors have applications in multiple sectors, including industrial processing, structural health monitoring, energy, aerospace, medical, civil engineering, and safety and security. In medical and defence domains, optics have an advantage over electronic alternatives. Fibre optic sensors offer promise for next-generation intelligent sensing platforms offering high-accuracy, long-distance, distributed measurement capabilities and multiparametric monitoring with resilience to harsh environmental conditions.

Innovative and intelligent solutions by companies are expected to drive the global high speed fibre optic sensor market. For example, in 2021, NEC Corporation announced the commencement of sales of the "NEC Intelligent Optical Fiber Sensing Solution," a solution that allowed Communications Service Providers (CSP) and optical fibre owners across the globe to use optical fibre as a sensor. This solution contributed to infrastructure maintenance by employing AI to analyse vibrations detected with optical fibres, enabling the identification of anomalies such as fibre damage, and helping prevent future damages. The solution used NEC's unique optical fibre sensing technology to enable sensing from existing optical fibres that were traditionally used for communications.

High-definition and high-speed fibre optic sensing are proving to be increasingly useful in several aerospace applications. Usage of composites and lightweight material in the aerospace sector drives aircraft design and creates a greater need for non-destructive testing. With the industry consistently transitioning to advanced materials, fibre optics are expected to play a key role in aerospace design, manufacturing and non-destructive testing. Luna Innovations (a key player in fibre optic sensing) is a major partner for aerospace suppliers and manufacturers. The ODiSI 6000 Series by LUNA offers over 1,000 strain or temperature measurements per meter of a standard small, lightweight fibre sensor. The high-definition data is capable of fully mapping the contour of strain or temperature for a structure under test or during manufacturing. For dynamic applications, Luna’s HYPERION Series offers high-speed multipoint sensing, with tens or hundreds of sensors on a versatile optical fibre capable of covering long distances. Many measurement types like strain, temperature, vibration or displacement, can be carried out on a single fibre.

QuantumX MXFS by HBM offers all the optical benefits of the BraggMETER technology; it is suitable for measuring large sensing networks comprising different types of sensors, features high strain and high resistance to fatigue, is reliable and provides high-quality long-distance measurements, reduced cost and other advantages. The fibre optic sensing device offers 128 channels per module with simultaneous acquisition. It has two operating modes - normal speed mode and high-speed mode. QuantumX MXFS enables the integration of a significant number of accurate and stable optical fibre measurements.

Such advanced solutions are likely to boost the global high speed fibre optic sensor market.

Key Findings of the Report:

  • Technological advancements and applications across sectors are expected to drive market growth.
  • Innovative solutions and demand for sensing solutions in difficult environments are likely to stimulate the market.
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Type, Application and Region:

  • By type, the market is classified into Point FOS and Distributed FOS.
  • By application, the market is segmented into Civil Engineering, Transportation, Energy and Utility, and Military. 
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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