Distributed fiber optic detector (DFO) is a very popular tool for high-performance sensing and monitoring applications. DFOs are typically used in automotive applications because they can be configured and reconfigured with relative ease. This means that DFOs can be used in places that traditionally require dedicated sniffers and detectors, although can be integrated seamlessly with existing wireless and Bluetooth technologies to provide real-time data feeds to these applications. DFOs offer many advantages over traditional single-mode receivers because of their high performance, flexibility, and ability to integrate with previously outdated communication protocols.
Increasing applications in the oil & gas sector are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. The oil & gas industry has witnessed increasing adoption of distributed fiber optic sensors in the recent past. Fiber optics play a major role in this industry due to their unique features that far more superior than conventional sensing techniques. The fiber optic sensors can measure temperatures and strain at thousands of points and monitoring of elongated structures including flow lines, pipelines, coiled tubing, and oil well. These sensors also provide thermal imaging, seismic reading, and completion efficiency. Thus, these factors are expected to drive growth of the global distributed fiber optic sensor market during the forecast period. Moreover, rising demand from the civil engineering sector is expected to boost the global distributed fiber optic sensor market growth over the forecast period. Distributed fiber optic sensors help to assess civil structural performance and hence have witnessed massive demand from the civil engineering sector.
However, technical issues related to the installation of distributed fiber optics sensors coupled with high cost of these sensor systems are expected to hinder the global distributed fiber optic sensor market growth over the forecast period. Besides, growing demand for data-based analysis and stringent regulations regarding leak detection can present lucrative growth opportunities in the global distributed fiber optic sensor market. Among regions, North America is expected to witness significant growth in the global distributed fiber optic sensor market during the forecast period. This is owing to rising adoption of fiber optic sensing in various industries including oil & gas. Moreover, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to growing need for data-driven decisions in various sectors such as power & utility, civil engineering, and more.
Key players operating in the global distributed fiber optic sensor market are Halliburton, Luna Innovations Incorporated, Schlumberger Limited, AP Sensing GmbH, Yokogawa Electric Corporation, Brugg Kable AG, OFS Fitel, LLC, Omnisens SA, and Qinetiq Group plc.
For instance, in July 2020, Halliburton collaborated with TechnipFMC to launch a joint subsea fiber-optic service with acoustic distributed sensing technology for subsea wells.
Readmore@https://www.coherentmarketinsights.com/market-insight/distributed-fiber-optic-sensor-market-3160
No comments:
Post a Comment