Global Distributed Fiber Optic Sensor Market Research Report: Forecast (2023-2028)

Market Definition

Distributed Fiber Optic sensors (DOFSs) offer unique possibilities for monitoring a wide range of variables such as temperature, strain, acoustic perturbations, etc. The distinctive property of such sensors is their ability to spatially resolve measurands along the entire length of the sensing fiber at once. They are used in many industries such as oil & gas, civil infrastructures, power and utility, etc., in order to monitor the health of structures, power transmission lines, etc.

Market Insights & Analysis: Global Distributed Fiber Optic Sensor Market (2023-28)

The Global Distributed Fiber Optic Sensor Market is projected to grow at a CAGR of around 8.26% during the forecast period, i.e., 2023-28. This is due to the massive exploration and discoveries of oil & gas fields in various parts of the world mainly in the regions such as the Middle East & Africa, North America, etc. As, the distributed fiber optic sensor have been vastly used for the fatigue monitoring, leaks and flow lines blockage inspection, reservoir, etc., in the oil & gas industry. Thus, the crucial role play by them in oil & gas sector have been consistently supporting the growth of the Global Distributed Fiber Optic Sensor market.

Furthermore, the infrastructural development like construction of road networks, bridges, railways, water dams, etc., in the countries like India, China, the UAE, Saudi Arabia, Singapore, etc., have been significantly fueling the demand for distributed fiber optic sensors. These rapid developments in various countries have been making an essential requirement for them for structural health monitoring like crack detection, etc. In line with this, the rapid urbanization as well as the governments focus to improve the transport network has been resulting in the development of road bridges, etc., thereby proliferating the growth of the Global Distributed Fiber Optic Sensor market.

Moreover, the power and utility projects in developing nations are also amplifying the demand for them. The expansion of transmission and distribution lines from power stations to the rural areas mainly in the regions of Asia Pacific and Africa have been positively contributing to the demand for them due to their variable applications in electric utilities such as monitoring of power cables, fault detection, etc. The demand consistency for them are expected to remain same in the forecast years as well aligned with the high penetration of renewable energy resources worldwide. The extensive approach by the governments in the regions like North America, Europe, Asia Pacific, etc., to deploy large-scale renewable energy resources are further leading to the diversification of transmission lines, thus necessitating the demand for distributed fiber optic sensors.   

Global Distributed Fiber Optic Sensor Market Key Driver:

Growing Hydropower Projects to Facilitate the Market Growth - Some of the Nordic nations including Asian countries like China, India, Pakistan, etc., have been majorly focusing on the development of hydropower projects owing to the increasing demand for power solutions from various sectors. This, in turn, catalyzes the construction of dams over rivers as well as the expansion of power transmission networks, hence promulgating the demand for distributed fiber optic sensors. The distributed fiber optic sensors are used for dam monitoring and developed dams are also used for irrigation purposes.

Furthermore, hydroelectricity has been considered a renewable energy resource, therefore high penetration of renewable energy resources globally is expected to escalate the potential demand for distributed fiber optic sensors in the forecast years. For the construction of hydropower projects, the companies are also collaborating. Some of the recently announced hydropower projects worldwide are:

• In 2023, the government of India approved 2,880 MW hydroelectric power plant in Arunachal Pradesh with an investment of around USD3.9 billion.
• In 2022, International Finance Corp. (IFC) collaborated with EDF Group for the development of hydroelectric power plant of capacity around 350 MW in the southern African country of Malawi.  

Global Distributed Fiber Optic Sensor Market Possible Restraint:

High Cost of Distributed Fiber Optic Sensors to Hinder the Market - In various end-user industries, distributed fiber optic sensors have become desirable due to their various advantages like to monitor difficult work environments and gaining real-time data with high accuracy. However, the relatively high cost of them is restricting its installations in many areas and its maintenance cost is also considered high which is still not affordable by many companies requiring real-time monitoring and sensing. Therefore, the high cost of the distributed fiber optic is estimated to pose a challenge to the Global Distributed Fiber Optic Sensor market in the forecast years.

Global Distributed Fiber Optic Sensor Market Growth Opportunity:

Expansion of Electric Utilities in Rural Areas to Augment the Distributed Fiber Optic Sensor Demand - The rising urbanization in several regions such as Africa, Asia Pacific, some parts of the Middle East, etc., has necessitated the requirement for electricity. Due to this, various electric utilities are in the development stage in rural parts of the world. This is also leading to the diversification of transmission lines, thus accelerating the installation of them. Moreover, the expansion of solar and wind power projects in the nations in Europe, Asia Pacific, etc., are also resulting in the expansion of electric utilities. Therefore, the rising expansion of electric utilities would likely fuel the demand for distributed fiber optic sensors in the forthcoming years. For instance:

• In 2022, Jordan’s National Electric Power Company started the construction of the Jordan-Iraq power transmission project. In addition, the 400 KV and 300 Km long transmission lines would connect the Al-Risha substation in Jordan with Al-Qaim electrical transformation station in Iraq and the project would be accomplished by Dubai Cable Company.

Global Distributed Fiber Optic Sensor Market Key Trend:

Technological Advancements in Distributed Fiber Optic Sensors to Propagate the Market - Currently, the integration of advanced technologies, such as Real-Time Thermal Rating (RTTR) and intelligent Distributed Acoustic Sensor (iDAS) technologies, etc., are some of the prominent trends observed in the industry. In parallel, a rising number of investments to carry out research and development to introduce innovative fiber cables and provide reliable connectivity at high speed and the lowest possible price also emerges as a trend in the industry. 

Global Distributed Fiber Optic Sensor Market (2023-28): Segmentation Analysis

The Global Distributed Fiber Optic Sensor Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the Application, and End-User the market has been further classified as:

Based on Application:

• Temperature Sensing
• Acoustic Sensing
• Strain Sensing
• Others (Intensity Sensing, Pressure Sensing, etc.)

Based on Application, Temperature Sensing grabbed a significant share in the Global Distributed Fiber Optic Sensor market, owing to the considerable usage of them for temperature sensing applications. The temperature sensing application of them is mainly used for power and utilities, an inspection of dams, etc. The temperature-sensing distributed optical sensors detect small seepage flow changes and calculate seepage rates in a dam structure. Thus, the expansion drive of hydro dams for power generation and irrigation purposes are predicted to upscale the share of temperature sensing application in the market from 2023 to 2028.

Based on End-User:

• Oil & Gas
• Power and Utility
• Safety and Security
• Industrial
• Civil Infrastructures
• Telecommunication
• Others (Healthcare, Aerospace, etc.)

Of them, all, Oil & Gas sector is projected to hold the dominant share in the Global Distributed Fiber Optic Sensor market in the forecast years. The rising exploration coupled with the discoveries of oil & gas fields in the Middle East & Africa, South America, etc., have been driving the demand for them in fatigue monitoring, thermal oil recovery, leaks, and flow lines blockage, etc., in oil & gas fields. The countries in these respective regions are immensely focusing on enhancing their oil & gas-based economies, and hence making massive investments in the oil & gas sector. As a result, the growing oil & gas sector would likely facilitate the demand for distributed fiber optic sensors in the coming years. For instance:

• In 2022, the Abu Dhabi National Oil Company (ADNOC) targeted to increase its oil production to 5 million barrels per day by 2030.

Global Distributed Fiber Optic Sensor Market Regional Projection

Geographically, the Global Distributed Fiber Optic Sensor Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Among all the regions, North America has been experiencing notable demand for distributed fiber optic sensors over the past period, due to the significant presence of the oil & gas fields in the region. In addition, the expansion of existing pipelines as well as the growing network of electric utilities in the US, Mexico, etc., are some of the key factors supporting the growth of the market. The inclination of the regional governments to propagate the development of smart grids has also been leading to the installation of distributed fiber optic sensors. Thus, the growing development of smart grids in the countries like the US, Canada, etc., is expected to uplift the demand for them in the near future. For instance:

• In 2022, the US Department of Energy announced the investments of around USD13 billion or the expansion and modernization of the nation’s electric grid.

Global Distributed Fiber Optic Sensor Industry Recent Developments 

• In 2022, Bandweaver Technology announced the launch of ZoneSentry, a new perimeter intrusion detection system that utilises state of the art fiber optic sensing technology to protect both property and assets with smaller perimeters up to 8km in an efficient and cost-effective manner.
• In 2022, SICK launched next generation WLL80 fibre optic sensors, designed for easy configuration and highly-versatile integration into machinery and conveyor systems wherever rapid, high accuracy detection is required in confined spaces.

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