Distributed Fiber Optic Sensor Market Emerging Trends 2022

Posted May 9, 2022 by avinashgogawale14

The Global Distributed Fiber Optic Sensor Market Size is expected to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.7%
The Global Distributed Fiber Optic Sensor Market Size is expected to grow from USD 0.9 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 9.7%. The market declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions as a result of which manufacturing and production processes were impacted.

Though the market was impacted in 2020, it is expected to fully recover by 2021. 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 of Distributed Fiber Optic Sensors in oil and gas and infrastructure and safety and security verticals will drive the demand for this market in the near future.

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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). The other key market players include AFL (US), Aragon Photonics (Spain), Fotech (UK), Hifi Engineering (Canada), Hawk Measurement (Australia), NKT Photonics (Denmark), Corning (US), Optromix (US), OZ Optics (Canada), Sensornet (UK), Sensuron (US), Silixa (UK), Solifos (Switzerland), VIAVI Solutions (US) and Ziebel (Norway)are the key players in the Distributed Fiber Optic Sensor Market.

The Distributed Fiber Optic Sensor Market is consolidated, owing to the presence of limited players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are deals and product launches. Many market players adopted product launches and deals as their primary business strategies. For instance, 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. For instance, 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.

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Schlumberger is one of the key global providers of Distributed Fiber Optic Sensors and is primarily in the business of providing technologies for reservoir characterization, production, processing, and drilling in the oil & gas industry. Schlumberger was incorporated as the holding company for all the Schlumberger business units. The company is the largest supplier of integrated project management, technology, and information solutions to the oil & gas industry. Schlumberger’s portfolio of distributed fiber optic sensors includes distributed pressure sensors, distributed temperature sensors, and distributed acoustic sensors. However, Sensa’s Distributed Fiber Optic Sensor portfolio includes distributed temperature sensors, distributed strain sensors, and distributed acoustic sensors. The company’s distributed sensors are used for boreholl seismic operations, reservoir monitoring, and downhole condition monitoring. The company has its reach globally expanding its product offerings in North America, APAC, Europe and ROW.

Halliburton provides products, services, and integrated solutions for the energy industry. Halliburton operates through two business segments Completion and Production, and Drilling and Evaluation. Halliburton manufactures and markets distributed fiber optic sensing products with real-time fiber analytics technology. It measures temperature, pressure, and strain using distributed fiber optic technology. StimWatch Service and FlowWatch service are the two types of distributed sensing services used by the company to provide a real-time update on the collected data on temperature or pressure. The company’s distributed fiber sensors are ISO 9001 certified products. The company serves a large and growing worldwide customer base through an extensive distributor network and global operations across different continents.

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Last Updated May 9, 2022