Distributed Fiber Optic Sensor Market

Distributed Fiber Optic Sensor Market by Fiber Type (Single-Mode, Multimode), Scattering Process, Operating Principle (OTDR, OFDR), Application (Temperature, Acoustic, Strain), Vertical and Region (2021-2026)

Report Code: SE 5015 Aug, 2021, by marketsandmarkets.com

Distributed Fiber Optic Sensor Market is projected to reach USD 1.5 billion by 2026, at a CAGR of  9.7%. during the forecast period.

Rapid digitization and automation to fulfill the rising need for productivity, efficiency and safety in various processes and growing adoption of distributed sensors in applications such as pipeline monitoring, structural health monitoring, border monitoring and control are driving the growth of distributed fiber optic sensor market. Moreover, growing adoption ofdistributed fiber optic sensors in oil and gas and infrastructure and safety and security verticalswill drive the demand for this marketin the near future.

Distributed Fiber Optic Sensor Market

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Distributed Fiber Optic Sensor Market Dynamics

Driver:Surging demand for infrastructure vertical act as major driver for the market

The use of distributed fiber optic sensors in the infrastructure vertical has been continuously increasing primarily for structural health monitoring.

The primary objective behind the growing penetration of distributed sensors in this vertical is to have a better understanding of the structural condition and economically efficient management of the infrastructure. Geotechnical structures, pipelines, bridges, and dams are the major areas where the penetration of structural health monitoring in the civil engineering industry is rising.

The major advantage of next-generation sensors is the ability to measure strain, temperature, or pressure over numerous locations simultaneously. Along with it, the ability to deploy distributed sensors in any kind of challenging environment and the real-time tracking of structural malfunctions are the key reasons for the increased use of distributed sensing in the civil engineering industry.

Restraint: Technical issues in installation of distributed fiber optic sensors

The technical issues related to the installation of distributed sensors act as a major hindrance to the growth of the distributed fiber optic sensor market.

The optical fiber must be carefully handled to avoid its breakage while installing. Even though the design of the sensor cables has improved tremendously, improper cable deployment can fail to obtain accurate data. As the process of installation and operation of the fiber involves high-cost inputs, such failures can result in customers’ indifference to the technology in future projects.

There is always a risk involved in the deployment of the cable, and, hence, any kind of carelessness in the deployment or installation of the optical fiber can affect the readings recorded by the sensor and lead to improper functioning, which, in turn, would restrain the growth rate of the market.

Opportunity: Growing demand for data analysis to act as huge opportunity for the market

Distributed fiber optic sensors collect data along the length of the optical fiber. This provides an immense volume of data as a result of which various analytical tools are used to analyze the collected data. Globally, there is an increasing demand for the implementation of data-driven decision-making and strategies.

These are done by finding a pattern out of the data, which the managers can measure, and the insights are deciphered, resulting in better decision making and performance. Distributed fiber optic sensors collect data on the changes in temperature, strain, vibration, or pressure at any point along the length of the fiber through light scattering.

The data is then processed using a set of algorithms where the software can organize large amounts of data into a visualization platform that helps data engineers with decision making. With data-intensive decisions slowly becoming the mainstay of several industries, the distributed fiber optic sensor market is also expected to grow during the forecast period.

Challenge: High cost of distributed fiber optic sensor systems

Distributed sensor systems enable companies to monitor difficult work environments and gain real-time data with high accuracy. The market is growing because of the various advantages offered by these distributed sensors such as their accuracy and reliability.

However, the cost of the technology is still relatively high. Depending upon the applications, the type of cable used, and operating conditions, the cost of a distributed fiber optic sensor system can be very high, which is still not affordable by every company requiring real-time monitoring and sensing. Additionally, the installation and maintenance of these systems are also expensive, which makes their implementation difficult. Thus, the high cost of distributed fiber optic sensor systems poses a major challenge for the growth of this market.

Distributed Fiber Optic Sensor Market Segment Overview

Multimode fiber is expected to contributethelargest market share during the forecast period

The market for multimode fibers is expected to contribute to the largest market during the forecast period. This is due to the use of multimode fiber-based sensors in the oil & gas vertical, which requires greater accuracy with fast and reliable transmission.

A few other advantages of multimode fiber systems include the capability of operating with substantial optical power over moderate distances inexpensively; utilizing the multiplicity of propagation modes within the fiber for sensing purposes; providing a means of sensing spectral signature changes over considerable wavelength ranges; and relatively large dimensions so improving tolerances with respect to end effects and interconnectionsare a few of the major driving factors for the growth of the market of multimode fiber-based sensors.

Safety and security is expected to grow with second highest CAGR in vertical segment during the forecast period

Distributed fiber optic sensors for the security vertical are primarily used for safety purposes, intrusion detection, and border monitoring. Intrusion detection works on three parameters-the probability of detection, nuisance alarm rate, and false alarm rate.

The probability of detection is considered to be the most important parameter based on which the distributed sensor notes the best possible reading. For border monitoring applications, the protection of critical infrastructures at borders is the major application area for distributed sensing in the safety and security vertical.This has led to a significant contribution to the market of distributed fiber optic sensors for safety and security industry.

US to grow with highest CAGR in North American region during the forecast period

The US has experienced an increase in the production of oil and related products in the last decade, which, in turn, has made the country an important market for distributed fiber optic sensors.

The development and expansion of existing pipelines and the construction of new ones are fueling the growth of the distributed fiber optic sensor market for the oil & gas vertical in the US. The US has access to significant natural gas resources.Similarly, rising industrial automation, technological innovations in the building and construction vertical, and the US being the second-largest electricity producing country are the factors working in the favor of the distributed fiber optic sensor market.

Distributed Fiber Optic Sensor Market by Region

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Key Market Players in Distributed Fiber Optic Sensor Industry

The distributed fiber optic sensor marketis dominated by players such as Schlumberger (US),Halliburton (US), Yokogawa Electric (Japan),Weatherford International (Switzerland), Luna Innovations (US), OFS (US.), Bandweaver(US), Omnisens (Switzerland), AP Sensing (Germany) and DarkPulse (US).

Distributed Fiber Optic Sensor Market Report Scope:

Report Attributes

Details

Estimated Value

USD 0.9 Billion

Expected Value USD 1.5 Billion
Growth Rate 9.7%
Base Year Considered 2020
Historical Data Available for Years 2017–2026

Forecast Period

2021–2026

Segments Covered

  • By Fiber Type
  • By Application
  • By Vertical
  • By Region

Region Covered

  • APAC,
  • Europe,
  • North America,
  • South America,
  • Middle East & Africa
 Market Leaders
  • Schlumberger (US),
  • Halliburton (US),
  •  Yokogawa Electric (Japan),
  • Weatherford International (Switzerland),
  •  Luna Innovations (US),
  • OFS (US.),
  • Bandweaver(US),
  • Omnisens (Switzerland),
  • AP Sensing (Germany)
  • DarkPulse (US). 
 Key Market Driver Surging demand for infrastructure vertical act as major driver for the market
 Key Market Opportunity Growing demand for data analysis to act as huge opportunity for the market
 Largest Growing Region North America
 Largest Market Share Segment Multimode fiber
 Highest CAGR Segment Safety and Security Segment

 

Recent Developments in Distributed Fiber Optic Sensor

  • In May 2021, AP Sensing announced the release of its 5th-Generation Distributed Acoustic Sensing (DAS) system. With the launch of this new Distributed Acoustic Sensing (DAS), AP Sensing makes strides in asset monitoring technology with a system that, unlike traditional point sensors, provides gapless monitoring of valuable infrastructures such as pipelines, power cables, and railways.
  • In May 2021, Halliburton Company and TGS-NOPEC Geophysical ASA announced a collaboration to bring advanced seismic imaging to fiber optic sensing. The Halliburton FiberVSP™ and Odassea™ distributed acoustic sensing solutions will now incorporate TGS’s seismic imaging workflows that process the entire seismic wavefield to generate high-resolution reservoir images in oil and gas vertical.
  • In October 2020, Luna Innovations announced that, while working in partnership with Shell’s GameChanger’s early-stage-technologies program, it has developed an innovative concept for measuring in-situ stresses in subsurface rock using its fiber optic sensing solutions. When deployed, this technique would provide critical measurements with unmatched consistency and depth resolution, allowing safer and more efficient well operations.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 DISTRIBUTED FIBER OPTIC MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 DISTRIBUTED FIBER OPTIC SENSOR MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATIONS
           2.2.1 TOP-DOWN APPROACH
                    2.2.1.1 Approach for capturing market share by top-down analysis (supply side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 SUPPLY SIDE
           2.2.2 BOTTOM-UP APPROACH
                    2.2.2.1 Approach for capturing market share by bottom-up analysis (demand side)
    2.3 MARKET PROJECTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS
           TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
    2.6 LIMITATIONS
    2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 7 SINGLE-MODE DISTRIBUTED FIBER OPTIC SENSOR MARKET IS EXPECTED TO GROW AT HIGHER CAGR FROM 2021 TO 2026
    FIGURE 8 MARKET FOR STRAIN SENSING APPLICATION IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    FIGURE 9 MARKET FOR INFRASTRUCTURE VERTICAL IS EXPECTED TO GROW AT HIGHEST RATE FROM 2021 TO 2026
    FIGURE 10 NORTH AMERICA HELD LARGEST SIZE OF MARKET IN 2020
    TABLE 2 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
           FIGURE 11 GROWTH PROJECTIONS OF DISTRIBUTED FIBER OPTIC SENSING MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS, 2017–2026
           TABLE 3 DISTRIBUTED FIBER OPTIC SENSING MARKET: COVID-19 IMPACT ANALYSIS, 2017-2026
           FIGURE 12 IMPACT OF COVID-19 ON DISTRIBUTED FIBER OPTIC SENSING MARKET

4 PREMIUM INSIGHTS (Page No. - 56)
    4.1 ATTRACTIVE OPPORTUNITIES IN DISTRIBUTED FIBER OPTIC SENSOR MARKET
           FIGURE 13 MARKET IS EXPECTED TO GROW AT SIGNIFICANT RATE OWING TO INCREASING DEMAND FROM OIL & GAS AND INFRASTRUCTURE VERTICALS
    4.2 MARKET, BY FIBER TYPE (2021–2026)
           FIGURE 14 MULTIMODE FIBER-BASED SENSORS EXPECTED TO LEAD MARKET IN 2026
    4.3 MARKET, BY APPLICATION
           FIGURE 15 MARKET FOR STRAIN SENSING APPLICATION IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.4 MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL
           FIGURE 16 OIL & GAS VERTICAL AND US ARE LIKELY TO BE MAJOR SHAREHOLDERS OF MARKET IN NORTH AMERICA IN 2021
    4.5 MARKET, BY COUNTRY
           FIGURE 17 MARKET IN CHINA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 59)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 18 IMPACT OF DRIVERS AND OPPORTUNITIES ON DISTRIBUTED FIBER OPTIC SENSOR MARKET
           FIGURE 19 IMPACT OF RESTRAINTS AND CHALLENGES ON MARKET
           FIGURE 20 RISING APPLICATIONS IN OIL & GAS VERTICAL DRIVE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Rising applications in oil & gas vertical
                    5.2.1.2 Surging demand from infrastructure vertical
                    5.2.1.3 Reliability of distributed fiber optic sensors while working in challenging environments
           5.2.2 RESTRAINT
                    5.2.2.1 Technical issues in installation of distributed fiber optic sensors
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand for data-based analysis
                    5.2.3.2 High potential in offshore industry
                    5.2.3.3 Stringent statutory regulations regarding leak detection
           5.2.4 CHALLENGE
                    5.2.4.1 High cost of distributed fiber optic sensor systems
    5.3 GOVERNMENT STANDARDS RELATED TO FIBER OPTIC SENSORS
           5.3.1 STANDARDS
           5.3.2 US
                    5.3.2.1 ASTM F3079-14
                    5.3.2.2 ASTM E1653–94
                    5.3.2.3 ISA TR12.21.01
           5.3.3 CANADA
                    5.3.3.1 CSA C22.2 NO 232
           5.3.4 EUROPE
                    5.3.4.1 IEC 61757-1:2012
                    5.3.4.2 IEC 61757-1-1:2016
                    5.3.4.3 IEC 61757-3-1: (IEC 86C/1267/CD:2014) (Germany)
                    5.3.4.4 IEC 60794-3-70
                    5.3.4.5 UL 61010-1
    5.4 CASE STUDIES
           5.4.1 AP SENSING UTILIZED ITS DISTRIBUTED ACOUSTIC SYSTEM FOR CABLE FAULT DETECTION
           5.4.2 DEUTSCHE BAHN UTILIZED DISTRIBUTED ACOUSTIC SENSING UNIT TO MONITOR CABLE THEFT
           5.4.3 PUBLIC WORKS AUTHORITY OF QATAR UTILIZED LINEAR HEAT DETECTION SYSTEMS EQUIPPED WITH DTS AND DAS FOR MONITORING PURPOSES
           5.4.4 SENSORNET UTILIZED ITS DISTRIBUTED TEMPERATURE SENSOR FOR TEMPERATURE AND STRAIN MONITORING PURPOSES
           5.4.5 SCHLUMBERGER SHOWCASED WELLWATCHER BRITEBLUE HT DTS FIBER SENSOR FOR MONITORING STEAM FLOOD OPERATING TEMPERATURE IN CANADA
           5.4.6 SCHLUMBERGER SHOWCASED HDVS DISTRIBUTED ACOUSTIC SENSING SYSTEM FOR BOREHOLE SEISMIC SURVEY IN BELGIUM
    5.5 AVERAGE SELLING PRICE (ASP) ANALYSIS
           FIGURE 21 AVERAGE SELLING PRICE ANALYSIS FOR DISTRIBUTED FIBER OPTIC SENSOR MARKET

6 INDUSTRY TRENDS (Page No. - 70)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
           FIGURE 22 VALUE CHAIN ANALYSIS OF DISTRIBUTED FIBER OPTIC SENSOR ECOSYSTEM
    6.3 ECOSYSTEM/MARKET MAP
           FIGURE 23 MARKET: ECOSYSTEM
           FIGURE 24 MARKET: PLAYER ECOSYSTEM
           6.3.1 MATERIAL AND COMPONENT PROVIDERS
           6.3.2 SENSOR MANUFACTURERS
           6.3.3 END USERS
    6.4 DISTRIBUTED FIBER OPTIC SENSOR MARKET: SUPPLY CHAIN ANALYSIS
    6.5 TECHNOLOGY ANALYSIS
           6.5.1 QUASI DISTRIBUTED SENSING
           6.5.2 DISTRIBUTED SENSING
           6.5.3 INTERFEROMETRY
    6.6 TECHNOLOGY TRENDS
           6.6.1 MINIATURIZATION OF DISTRIBUTED FIBER OPTIC SENSING CABLES AND SENSORS
    6.7 PATENT ANALYSIS
           FIGURE 25 NUMBER OF PATENTS RELATED TO DISTRIBUTED FIBER OPTIC SENSORS GRANTED DURING 2010–2020
           6.7.1 LIST OF MAJOR PATENTS
    6.8 TRADE DATA
           6.8.1 IMPORT DATA
                    FIGURE 26 IMPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020
                    TABLE 4 IMPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 (USD MILLION)
           6.8.2 EXPORT DATA
                    FIGURE 27 EXPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020
                    TABLE 5 EXPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 (USD MILLION)
    6.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 DISTRIBUTED FIBER OPTIC SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: MARKET
           6.9.1 DEGREE OF COMPETITION
           6.9.2 THREAT OF NEW ENTRANTS
           6.9.3 THREAT OF SUBSTITUTES
           6.9.4 BARGAINING POWER OF SUPPLIERS
           6.9.5 BARGAINING POWER OF BUYERS
    6.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC SHIFT )
           FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES

7 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY FIBER TYPE (Page No. - 90)
    7.1 INTRODUCTION
           FIGURE 30 MULTIMODE FIBER-BASED SENSORS ARE EXPECTED TO HOLD LARGER SIZE OF MARKET BETWEEN 2021 AND 2026
           TABLE 7 MARKET, BY FIBER TYPE, 2017–2020 (USD MILLION)
           TABLE 8 MARKET, BY FIBER TYPE, 2021–2026 (USD MILLION)
    7.2 MULTIMODE FIBER
           7.2.1 DEMAND FOR HIGHER ACCURACY AND PRECISION FOR MEASUREMENT IN VARIOUS VERTICALS IS FUELLING GROWTH OF MULTIMODE FIBER MARKET
                    FIGURE 31 MARKET FOR MULTIMODE FIBER-BASED SENSORS IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 9 MARKET FOR MULTIMODE FIBER, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 10 MARKET FOR MULTIMODE FIBER, BY REGION, 2021–2026 (USD MILLION)
    7.3 SINGLE-MODE FIBER
           7.3.1 RISING NEED FOR MONITORING OVER LONGER DISTANCES IN VERTICALS SUCH AS POWER AND UTILITY IS DRIVING GROWTH OF SINGLE-MODE FIBER MARKET
                    TABLE 11 MARKET FOR SINGLE-MODE FIBER, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 12 MARKET FOR SINGLE-MODE FIBER, BY REGION, 2021–2026 (USD MILLION)
    7.4 IMPACT OF COVID-19 ON MARKET, BY FIBER TYPE

8 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY OPERATING PRINCIPLE (Page No. - 96)
    8.1 INTRODUCTION
           FIGURE 32 OTDR-BASED SENSORS ARE EXPECTED TO HOLD LARGER SIZE OF MARKET DURING FORECAST PERIOD
           TABLE 13 MARKET, BY OPERATING PRINCIPLE, 2017–2020 (USD MILLION)
           TABLE 14 MARKET, BY OPERATING PRINCIPLE, 2021–2026 (USD MILLION)
    8.2 OPTICAL TIME-DOMAIN REFLECTOMETRY
           8.2.1 HIGH ADOPTION DUE TO ACCURACY AND ROBUSTNESS IN MEASUREMENT OF TEMPERATURE, STRAIN, AND ACOUSTICS
                    TABLE 15 OTDR-BASED MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 16 OTDR-BASED MARKET, BY REGION, 2021–2026 (USD MILLION)
    8.3 OPTICAL FREQUENCY DOMAIN REFLECTOMETRY
           8.3.1 INCREASED ADOPTION OWING TO NEED FOR LOW COST TECHNOLOGY
                    TABLE 17 OFDR-BASED MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 18 OFDR-BASED MARKET, BY REGION, 2021–2026 (USD MILLION)

9 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY SCATTERING METHOD (Page No. - 101)
    9.1 INTRODUCTION
           FIGURE 33 MARKET FOR RAYLEIGH SCATTERING EFFECT METHOD IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
           TABLE 19 MARKET, BY SCATTERING METHOD, 2017–2020 (USD MILLION)
           TABLE 20 MARKET, BY SCATTERING METHOD, 2021–2026 (USD MILLION)
    9.2 RAYLEIGH SCATTERING EFFECT
           9.2.1 SURGING ADOPTION DUE TO ITS CAPABILITY TO MEASURE ALMOST ALL TYPES OF PHYSICAL PARAMETERS
    9.3 RAMAN SCATTERING EFFECT
           9.3.1 RISING DEMAND FOR TEMPERATURE SENSING IN OIL & GAS VERTICAL IS FUELLING USE OF RAMAN SCATTERING
    9.4 BRILLOUIN SCATTERING EFFECT
           9.4.1 GROWING DEMAND FOR STRUCTURAL HEALTH MONITORING IS BOOSTING ADOPTION OF BRILLOUIN SCATTERING EFFECT
    9.5 FIBER BRAGG GRATING
           9.5.1 FBG SENSORS MAINLY USED FOR INFRASTRUCTURE, INDUSTRIAL, AND OIL & GAS VERTICALS

10 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY APPLICATION (Page No. - 105)
     10.1 INTRODUCTION
               FIGURE 34 MARKET FOR TEMPERATURE SENSING APPLICATION IS EXPECTED TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
               TABLE 21 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 22 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 23 MARKET, IN TERMS OF VOLUME, BY APPLICATION, 2020–2026 (THOUSAND UNITS)
     10.2 TEMPERATURE SENSING
             10.2.1 GROWING DEMAND FOR DATA-BASED DECISION MAKING COUPLED WITH COST-EFFECTIVENESS IS DRIVING MARKET FOR TEMPERATURE SENSING APPLICATION
                       FIGURE 35 MARKET FOR TEMPERATURE SENSING APPLICATION IN OIL & GAS VERTICAL IS EXPECTED TO HOLD LARGEST SIZE DURING FORECAST PERIOD
                       TABLE 24 MARKET FOR TEMPERATURE SENSING, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 25 MARKET FOR TEMPERATURE SENSING, BY VERTICAL, 2021–2026 (USD MILLION)
                       FIGURE 36 MARKET FOR TEMPERATURE SENSING APPLICATION IN APAC IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
                       TABLE 26 MARKET FOR TEMPERATURE SENSING, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 27 MARKET FOR TEMPERATURE SENSING, BY REGION, 2021–2026 (USD MILLION)
     10.3 ACOUSTIC SENSING
             10.3.1 HIGH DEMAND FOR MONITORING AND SURVEILLANCE OF PIPELINE SYSTEMS IS DRIVING ADOPTION OF DISTRIBUTED ACOUSTIC SENSORS
                       TABLE 28 MARKET FOR ACOUSTIC SENSING, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 29 MARKET FOR ACOUSTIC SENSING, BY VERTICAL, 2021–2026 (USD MILLION)
                       FIGURE 37 NORTH AMERICA IS EXPECTED TO HOLD LARGEST SIZE OF DISTRIBUTED FIBER OPTIC MARKET FOR ACOUSTIC SENSING APPLICATION DURING FORECAST PERIOD
                       TABLE 30 MARKET FOR ACOUSTIC SENSING, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 31 MARKET FOR ACOUSTIC SENSING, BY REGION, 2021–2026 (USD MILLION)
     10.4 STRAIN SENSING
             10.4.1 RISING DEMAND FOR INFRASTRUCTURAL DEVELOPMENTS IN VARIOUS REGIONS SUCH AS APAC IS DRIVING GROWTH OF MARKET FOR STRAIN SENSING APPLICATION
                       TABLE 32 MARKET FOR STRAIN SENSING, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 33 MARKET FOR STRAIN SENSING, BY VERTICAL, 2021–2026 (USD MILLION)
                       TABLE 34 MARKET FOR STRAIN SENSING, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 35 MARKET FOR STRAIN SENSING, BY REGION, 2021–2026 (USD MILLION)

11 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY VERTICAL (Page No. - 115)
     11.1 INTRODUCTION
               FIGURE 38 MARKET FOR OIL & GAS VERTICAL IS EXPECTED TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
               TABLE 36 MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 37 MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
     11.2 OIL & GAS
             11.2.1 HIGH ADOPTION DUE TO APPLICATIONS SUCH AS LEAK DETECTION, DOWNHOLE MONITORING, AND REAL-TIME MEASUREMENT
                       TABLE 38 MARKET FOR OIL & GAS VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 39 MARKET FOR OIL & GAS VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
                       FIGURE 39 MARKET FOR OIL & GAS VERTICAL IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 40 MARKET FOR OIL & GAS VERTICAL MARKET, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 41 MARKET FOR OIL & GAS VERTICAL MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.3 POWER AND UTILITY
             11.3.1 RISING NEED FOR POWER CABLE MONITORING IS DRIVING ADOPTION OF DISTRIBUTED FIBER OPTIC SENSORS IN SAID VERTICAL
                       TABLE 42 MARKET FOR POWER AND UTILITY VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 43 MARKET FOR POWER AND UTILITY VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
                       TABLE 44 MARKET FOR POWER AND UTILITY VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 45 MARKET FOR POWER AND UTILITY VERTICAL, BY REGION, 2021–2026 (USD MILLION)
     11.4 SAFETY AND SECURITY
             11.4.1 SURGING NEED FOR PROTECTION OF CRITICAL INFRASTRUCTURES AND BORDERS IS DRIVING GROWTH OF SAID MARKET
                       TABLE 46 MARKET FOR SAFETY AND SECURITY VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 47 MARKET FOR SAFETY AND SECURITY VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
                       FIGURE 40 APAC HOLDS LARGEST SIZE OF DISTRIBUTED FIBER OPTIC MARKET FOR SAFETY AND SECURITY VERTICAL DURING FORECAST PERIOD
                       TABLE 48 MARKET FOR SAFETY AND SECURITY VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 49 MARKET FOR SAFETY AND SECURITY VERTICAL, BY REGION, 2021–2026 (USD MILLION)
     11.5 INDUSTRIAL
             11.5.1 RISING PROMINENCE OF INDUSTRIAL PROCESS MONITORING IS FUELLING ADOPTION OF DISTRIBUTED SENSORS IN INDUSTRIAL VERTICAL
                       TABLE 50 MARKET FOR INDUSTRIAL VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 51 MARKET FOR INDUSTRIAL VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
                       TABLE 52 MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 53 MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2021–2026 (USD MILLION)
     11.6 INFRASTRUCTURE
             11.6.1 INCREASING STRUCTURAL HEALTH MONITORING-BASED APPLICATIONS ARE DRIVING GROWTH OF SAID MARKET IN INFRASTRUCTURE VERTICAL
                       TABLE 54 MARKET FOR INFRASTRUCTURE VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 55 MARKET FOR INFRASTRUCTURE VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION)
                       FIGURE 41 APAC EXPECTED TO HOLD LARGEST SIZE OF MARKET FOR INFRASTRUCTURE VERTICAL IN 2026
                       TABLE 56 MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 57 MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2021–2026 (USD MILLION)
     11.7 IMPACT OF COVID-19 ON MARKET, BY VERTICAL

12 GEOGRAPHIC ANALYSIS (Page No. - 128)
     12.1 INTRODUCTION
               FIGURE 42 NORTH AMERICA TO LEAD DISTRIBUTED FIBER OPTIC SENSOR MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD
               TABLE 58 MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 59 MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
               FIGURE 43 MARKET SNAPSHOT—NORTH AMERICA
               FIGURE 44 MARKET IN US IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 60 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 61 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 62 MARKET IN NORTH AMERICA, BY FIBER TYPE, 2017–2020 (USD MILLION)
               TABLE 63 MARKET IN NORTH AMERICA, BY FIBER TYPE, 2021–2026 (USD MILLION)
               TABLE 64 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 65 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 66 MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 67 MARKET IN NORTH AMERICA, BY VERTICAL, 2021–2026 (USD MILLION)
             12.2.1 US
                       12.2.1.1 Rising investments in pipelines, industrial automation, and technological innovation are driving market for distributed fiber optic sensors
             12.2.2 CANADA
                       12.2.2.1 Increasing adoption of safety measures and standards to surge growth of market
             12.2.3 MEXICO
                       12.2.3.1 Ongoing developments in oil & gas and safety and security verticals to boost growth of market
     12.3 MIDDLE EAST
               FIGURE 45 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SAUDI ARABIA EXPECTED TO LEAD MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD
               TABLE 68 MARKET IN MIDDLE EAST, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 69 MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 70 MARKET IN MIDDLE EAST, BY FIBER TYPE, 2017–2020 (USD MILLION)
               TABLE 71 MARKET IN MIDDLE EAST, BY FIBER TYPE, 2021–2026 (USD MILLION)
               TABLE 72 MARKET IN MIDDLE EAST, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 73 MARKET IN MIDDLE EAST, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 74 MARKET IN MIDDLE EAST, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 75 MARKET IN MIDDLE EAST, BY VERTICAL, 2021–2026 (USD MILLION)
             12.3.1 SAUDI ARABIA
                       12.3.1.1 Rising number of oil and gas production projects in country drives growth of said market
             12.3.2 IRAQ
                       12.3.2.1 Upcoming oil- and gas-related projects to enhance growth of distributed sensor market
             12.3.3 IRAN
                       12.3.3.1 Ongoing developments in oil and gas pipeline infrastructure to upsurge market for distributed fiber optic sensors
             12.3.4 REST OF MIDDLE EAST
     12.4 EUROPE
               FIGURE 46 DISTRIBUTED FIBER OPTIC SENSOR MARKET SNAPSHOT—EUROPE
               FIGURE 47 MARKET IN RUSSIA IS EXPECTED TO CONTRIBUTE LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 76 MARKET IN EUROPE, BY REGION, 2017–2020 (USD MILLION)
               TABLE 77 MARKET IN EUROPE, BY REGION, 2021–2026 (USD MILLION)
               TABLE 78 MARKET IN EUROPE, BY FIBER TYPE, 2017–2020 (USD MILLION)
               TABLE 79 MARKET IN EUROPE, BY FIBER TYPE, 2021–2026 (USD MILLION)
               TABLE 80 MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 81 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 82 MARKET IN EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 83 MARKET IN EUROPE, BY VERTICAL, 2021–2026 (USD MILLION)
             12.4.1 RUSSIA
                       12.4.1.1 Russia being one of largest oil producers provides opportunities for market growth
             12.4.2 SCANDINAVIA
                       12.4.2.1 Increasing penetration of renewable energy in Scandinavian countries to surge market growth
             12.4.3 GERMANY
                       12.4.3.1 Rising infrastructural development is driving growth of said market
             12.4.4 UK
                       12.4.4.1 Vast network of power transmission as well as significant focus on oil and gas to drive market growth
             12.4.5 REST OF EUROPE
     12.5 ASIA PACIFIC
               FIGURE 48 DISTRIBUTED FIBER OPTIC SENSOR MARKET SNAPSHOT—APAC
               FIGURE 49 MARKET IN CHINA IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
               TABLE 84 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 85 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 86 MARKET IN APAC, BY FIBER TYPE, 2017–2020 (USD MILLION)
               TABLE 87 MARKET IN APAC, BY FIBER TYPE, 2021–2026 (USD MILLION)
               TABLE 88 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 89 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 90 MARKET IN APAC, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 91 MARKET IN APAC, BY VERTICAL, 2021–2026 (USD MILLION)
             12.5.1 CHINA
                       12.5.1.1 Surging demand for electricity and natural gas to accelerate market growth
             12.5.2 INDIA
                       12.5.2.1 Growing government support to encourage oil & gas and infrastructure sectors to surge adoption of distributed sensors
             12.5.3 INDONESIA
                       12.5.3.1 Ongoing oil and gas exploration activities to contribute to demand for distributed fiber optic sensors
             12.5.4 JAPAN
                       12.5.4.1 Increasing demand for distributed fiber optic sensors from oil & gas and energy sectors
             12.5.5 REST OF APAC
     12.6 REST OF THE WORLD
               FIGURE 50 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SOUTH AND CENTRAL AMERICA IS EXPECTED TO GROW AT HIGHER RATE IN ROW DURING FORECAST PERIOD
               TABLE 92 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 93 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
               TABLE 94 MARKET IN SOUTH AMERICA AND CENTRAL AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 95 MARKET IN SOUTH AMERICA AND CENTRAL AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
               TABLE 96 MARKET IN ROW, BY FIBER TYPE, 2017–2020 (USD MILLION)
               TABLE 97 MARKET IN ROW, BY FIBER TYPE, 2021–2026 (USD MILLION)
               TABLE 98 MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 99 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
               TABLE 100 MARKET IN ROW, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 101 MARKET IN ROW, BY VERTICAL, 2021–2026 (USD MILLION)
             12.6.1 AFRICA
                       12.6.1.1 Government initiatives to enhance industrial sector in Africa to drive market for distributed fiber optic sensors
             12.6.2 SOUTH AMERICA AND CENTRAL AMERICA
                       12.6.2.1 Brazil
                                   12.6.2.1.1 High level of expenditure by government on infrastructure to surge demand for distributed fiber optic sensors
                       12.6.2.2 Argentina
                                   12.6.2.2.1 Growing industrial and safety and security verticals to escalate market growth
                       12.6.2.3 Venezuela
                                   12.6.2.3.1 Factors such as safe production and transportation of petrochemical products to drive market for distributed fiber optic sensors
                       12.6.2.4 Rest of South and Central America
     12.7 IMPACT OF COVID 19 ON MARKET, BY REGION

13 COMPETITIVE LANDSCAPE (Page No. - 156)
     13.1 OVERVIEW
     13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 102 OVERVIEW OF STRATEGIES DEPLOYED BY KEY DISTRIBUTED FIBER OPTIC SENSOR MANUFACTURERS
             13.2.1 PRODUCT PORTFOLIO
             13.2.2 REGIONAL FOCUS
             13.2.3 MANUFACTURING FOOTPRINT
             13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     13.3 MARKET SHARE ANALYSIS: MARKET, 2020
               FIGURE 51 MARKET SHARE ANALYSIS, 2020
               TABLE 103 DEGREE OF COMPETITION, 2020
     13.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
               FIGURE 52 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN DISTRIBUTED FIBER OPTIC SENSOR MARKET
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                       FIGURE 53 DISTRIBUTED FIBER OPTIC SENSING MARKET: COMPANY EVALUATION QUADRANT, 2020
             13.5.5 COMPETITIVE BENCHMARKING
                       FIGURE 54 OVERALL COMPANY FOOTPRINT
                       TABLE 104 COMPANY PRODUCT FOOTPRINT
                       TABLE 105 COMPANY VERTICAL FOOTPRINT
                       TABLE 106 COMPANY REGION FOOTPRINT
     13.6 START-UP/SME EVALUATION MATRIX
               TABLE 107 LIST OF START-UP COMPANIES IN DISTRIBUTED FIBER OPTIC SENSOR MARKET
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                       FIGURE 55 MARKET, STARTUP/SME EVALUATION MATRIX, 2020
     13.7 COMPETITIVE SCENARIO AND TRENDS
             13.7.1 PRODUCT LAUNCHES
                       TABLE 108 PRODUCT LAUNCHES, 2019–2021
             13.7.2 DEALS
                       TABLE 109 DEALS, 2019–2021
             13.7.3 OTHERS
                       TABLE 110 OTHERS, 2019–2021

14 COMPANY PROFILES (Page No. - 176)
     14.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, Product launches, Deals, Others, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats)*
             14.1.1 SCHLUMBERGER
                       TABLE 111 SCHLUMBERGER : BUSINESS OVERVIEW
                       FIGURE 56 SCHLUMBERGER: COMPANY SNAPSHOT
                       TABLE 112 SCHLUMBERGER: PRODUCTS OFFERED
                       TABLE 113 SCHLUMBERGER : PRODUCT LAUNCHES
                       TABLE 114 SCHLUMBERGER: DEALS
                       TABLE 115 SCHLUMBERGER: OTHERS
             14.1.2 HALLIBURTON
                       TABLE 116 HALLIBURTON: BUSINESS OVERVIEW
                       FIGURE 57 HALLIBURTON: COMPANY SNAPSHOT
                       TABLE 117 HALLIBURTON: PRODUCTS OFFERED
                       TABLE 118 HALLIBURTON: PRODUCT LAUNCHES
                       TABLE 119 HALLIBURTON: DEALS
                       TABLE 120 HALLIBURTON: OTHERS
             14.1.3 YOKOGAWA ELECTRIC
                       TABLE 121 YOKOGAWA ELECTRIC: BUSINESS OVERVIEW
                       FIGURE 58 YOKOGAWA ELECTRIC: COMPANY SNAPSHOT
                       TABLE 122 YOKOGAWA ELECTRIC: PRODUCTS OFFERED
                       TABLE 123 YOKOGAWA ELECTRIC: PRODUCT LAUNCHES
                       TABLE 124 YOKOGAWA ELECTRIC: DEALS
                       TABLE 125 YOKOGAWA ELECTRIC: OTHERS
             14.1.4 WEATHERFORD INTERNATIONAL
                       TABLE 126 WEATHERFORD INTERNATIONAL: BUSINESS OVERVIEW
                       FIGURE 59 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT
                       TABLE 127 WEATHERFORD INTERNATIONAL: PRODUCTS OFFERED
                       TABLE 128 WEATHERFORD INTERNATIONAL: PRODUCT LAUNCHES
                       TABLE 129 WEATHERFORD INTERNATIONAL: DEALS
             14.1.5 LUNA INNOVATIONS
                       TABLE 130 LUNA INNOVATIONS: BUSINESS OVERVIEW
                       FIGURE 60 LUNA INNOVATIONS: COMPANY SNAPSHOT
                       TABLE 131 LUNA INNOVATIONS: PRODUCTS OFFERED
                       TABLE 132 LUNA INNOVATIONS: PRODUCT LAUNCHES
                       TABLE 133 LUNA INNOVATIONS: DEALS
                       TABLE 134 LUNA INNOVATIONS: OTHERS
             14.1.6 OFS
                       TABLE 135 OFS: BUSINESS OVERVIEW
                       TABLE 136 OFS FITEL: PRODUCTS OFFERED
                       TABLE 137 OFS: PRODUCT LAUNCHES
                       TABLE 138 OFS: DEALS
                       TABLE 139 OFS: OTHERS
             14.1.7 BANDWEAVER
                       TABLE 140 BANDWEAVER: BUSINESS OVERVIEW
                       TABLE 141 BANDWEAVER: PRODUCTS OFFERED
                       TABLE 142 BANDWEAVER: DEALS
             14.1.8 OMNISENS
                       TABLE 143 OMNISENS: BUSINESS OVERVIEW
                       TABLE 144 OMNISENS: PRODUCTS OFFERED
                       TABLE 145 OMNISENS: DEALS
             14.1.9 AP SENSING
                       TABLE 146 AP SENSING: BUSINESS OVERVIEW
                       TABLE 147 AP SENSING: PRODUCTS OFFERED
                       TABLE 148 AP SENSING: PRODUCT LAUNCHES
                       TABLE 149 AP SENSING: OTHERS
             14.1.10 DARKPULSE
                       TABLE 150 DARKPULSE: BUSINESS OVERVIEW
                       TABLE 151 DARKPULSE: PRODUCTS OFFERED
                       TABLE 152 DARKPULSE: DEALS
                       TABLE 153 OTHERS
*Business overview, Products offered, Recent developments, Product launches, Deals, Others, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
     14.2 OTHER KEY PLAYERS
             14.2.1 AFL
             14.2.2 ARAGON PHOTONICS LABS
             14.2.3 CORNING
             14.2.4 FOTECH
             14.2.5 HIFI ENGINEERING
             14.2.6 HAWK MEASUREMENT
             14.2.7 NKT PHOTONICS
             14.2.8 OPTROMIX
             14.2.9 OZ OPTICS
             14.2.10 SENSORNET
             14.2.11 SENSURON
             14.2.12 SILIXA
             14.2.13 SOLIFOS
             14.2.14 VIAVI SOLUTIONS
             14.2.15 ZIEBEL

15 APPENDIX (Page No. - 234)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the global distributed fiber optic sensor market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include company websites, magazines, industry news, associations, and databases (OneSource, Factiva, and Bloomberg), Energy Information Administration (EIA), British Petroleum, European Environment Agency (EEA), The American Society Of Mechanical Engineers (U.S.), Control System Integrators Association (U.S.) and corporate filings (such as annual reports, investor presentations, and financial statements). Secondary data has been collected and analyzed to arrive at the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the distributed fiber optic sensor market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-and supply-side players across major regions, namely, North America, Europe, Asia Pacific, Middle East and the Rest of the World (the Africa, South America and Central America). Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Distributed Fiber Optic Sensor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the overall size of the distributed fiber optic sensor market. These methods have also been used extensively to estimate the size of various market subsegments.

  • The research methodology used to estimate the market size by top-down approach includes the following:
  • Focusing initially on top-line investments and expenditures being made in the ecosystems of the distributed fiber optic market
  • Calculating the market size considering the revenues generated by players through the sale of distributed fiber optics
  • Further segmenting based on R&D activities and key developments in key market areas
  • Further segmenting based on mapping usage of distributed fiber optics for different applications
  • Building and developing the information related to the revenues generated by players through offering key types of sensors
  • Conducting multiple on-field discussions with key opinion leaders across major companies involved in the development of sensors
  • Estimating the geographic split using secondary sources based on various factors such as the number of players in a specific country and region, the role of major players in the market for the development of innovative products, adoption and penetration rates in a particular country for various end-user applications, and others

The research methodology used to estimate the market size by bottom-up approach includes the following:

  • Identifying the entities in the distributed fiber optic market influencing the entire market, along with the related component players
  • Analyzing major manufacturers of distributed fiber optic sensors, studying their portfolios, and understanding different types of sensors
  • Analyzing trends pertaining to the use of different types of distributed fiber optic sensors for different kinds of applications
  • Tracking the ongoing and upcoming developments in the market, such as investments made, R&D activities, product launches, collaborations, and partnerships, and forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand the different types of fiber optic sensors: by type, by vertical, by application, by operating principle, and by scattering process and recent trends in the market, thereby analyzing the breakup of the scope of work carried out by major companies
  • Arriving at the market estimates by analyzing revenues of the companies generated from each type of sensor and then combining the same to get the market estimate
  • Segmenting the overall market into various other market segments
  • Verifying and cross-checking the estimate at every level from the discussion with key opinion leaders such as CXOs, directors, and operations managers, and finally with the domain experts in MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, for oil and gas, power and utility, safety and security, infrastructure and industrial verticals

Report Objectives

  • To describe and forecast the distributed fiber optic sensor market, in terms of value, by fiber type, by operating principle,by scattering method,by application and vertical.
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), Middle East and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders and other key players
  • To analyze strategic approaches such as product launches, contracts, agreements, and partnerships in the distributed fiber optic sensor market.

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Detailed analysis and profiling of additional market players
Report Code
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Published ON
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