Frost & Sullivan research provides an analysis of extrinsic and intrinsic fiber optic sensors markets in the report titled ‘World Fiber Optic Sensors Markets’. DAS, FBG and DTS are the interrogators considered in the intrinsic segment.
Oil & gas, energy, civil, structural health monitoring, security, military, semiconductor, medical, aerospace, transportation, industrial, utility, pipeline monitoring and down-well are some of the applications and end users were considered in the report. The report forecasts are based in terms of revenue.
The intrinsic markets were classified into distributed and quasi-distributed while in the extrinsic markets, phosphorus decay, Fabry-Perot and Gallium Arsenide were examined.
The research also established that the advantages of fiber optic sensors such as distributed sensing, immunity to radio frequency interference and electromagnetic interference and their dielectric nature make them durable and applicable in harsh-environment and high-voltage applications. Their compact size and immunity to electromagnetic interference make them suitable for medical applications as well.
Further, the report stated that fiber optic sensor companies should lower the high initial costs in sensor systems. This will ensure further penetration and commercial adoption in the market.
Analysts also note that the cost of fiber optic systems needs to be reduced by vendors and high-volume applications of the sensors should be addressed. With better end-user awareness, technology and product trends and cost reductions, fiber optic sensors can shape the sensors markets.
Source: http://www.frost.com/