Deerfield Beach, FL -- (SBWIRE) -- 09/02/2015 -- Global Fiber Optic Sensors market to grow at a CAGR of 9.6% over the period 2014-2019. A fiber optic sensor is a device that employs optical fiber technology to transmit signals to amplifiers for processing. Qualities such as distributed sensing, the ability to withstand high voltage, and critical environment conditions help end-users improve the quality of operations and save costs. These benefits have increased the adoption of fiber optic sensors across industries such as Oil and Gas (for drilling oil reserves in extreme terrains), Automotive, Aircraft and Shipbuilding, Manufacturing, Electronics, and Packaging and Logistic.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Fiber Optic Sensor market during the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of fiber optic sensors across all the types. The report does not consider the Telecommunication sector for calculating the market size as it is a wide market. It also presents the revenue contribution from the End-users segments to derive the market size. The report does not consider the following while calculating the market size:
Aftermarket sales of fiber optic sensors
Sales of counterfeit products
Revenues from the service and maintenance of fiber optic sensors
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Key Regions:
Americas
APAC
EMEA
Key Vendors:
Banner Engineering
ifm Efector
OMRON
Sick
Other Prominent Vendors:
Honeywell Sensing and Control
Micron Optics
Sensotec
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Market Driver:
Growing Demand in Various Application Sectors
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Market Challenge:
High Cost
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Market Trend:
Advances in Technology
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