Fiber Optic Sensor Global Market - Overview —
The fiber optic sensor consists of a fiber optic cable that is connected to a remote sensor or an amplifier. It can convert light energy into an electrical signal. Market Research Future (MRFR) has published and released a research report about the global Fiber Optic Sensor Market that extrapolates massive enhancement for this market at 11% CAGR (Compound Annual Growth Rate) between 2016 and 2022.
Analyzing the market structure, this report offers insights about factors affecting the market growth. Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R&D), and strategic alliances.
The key factors on which the growth of the global fiber optic sensor market is thriving include many of its advantages. Fiber optic is a bad conductor of electricity, and it possesses immune characteristics for electromagnetic interference. It can be used in places that have high voltage electricity or any flammable material. Fiber optic sensors offer various advantages over conventional sensors that include ideal for microwave, and harsh & hostile environment, wide-range monitoring of physical & chemical parameters and thin glass wire that have higher refractive index than its surrounding region. This allows light to propagate through single or multimode fiber.
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Fiber Optic Sensor Global Market - Segmentation
The Fiber Optic Sensor Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
• Segmentation by Type: Intrinsic and extrinsic fiber optic sensors others
• Segmentation By Component: Transmitters, receivers, optical amplifiers, fiber optic cable and others
• Segmentation By End-Users: Defense, energy & power, medical, transportation, industrial and others
• Segmentation by Regions: North America, Europe, Asia-Pacific and Rest of the world
Some of the major players in Global Fiber Optic Sensor Market includes ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), OmniSens S.A. (Switzerland), Deltex Medical Group PLC (UK), Finisar Corporation (U.S.), AP Sensing GmbH (Germany), Sumitomo Electric Industries Ltd. (Japan), AFL Group (U.S.), Luna Innovations Incorporated (U.S.), and, others.
Fiber Optic Sensor Global Market - Regional Analysis
North America is dominating the Global Fiber Optic Sensor Market with the largest market share as companies in this region have their focus on increasing the production and improving their distribution network. North America has been a leader in digitization and also the rising smart city market is boosting the market in this region. Asia Pacific region is growing with high growth rate due to rising need of handheld devices and electronic systems. Countries like China and Japan are some major countries dominating the market. Fiber Optic Sensor market in Europe region is expected to grow at a substantial CAGR during 2017 to 2023.
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• Device manufacturers
• Component manufacturers and suppliers
• Maintenance and service providers
• Technology investors
• Suppliers & distributors
• Research & consultancy
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Release ID: 491661