The global distributed fiber optic sensor market is likely to reach $1,970.1 million by 2023, growing at a CAGR of 15.0% during the forecast period. Distributed fiber optic sensors overcome the built-in constraints of traditional technologies such as thermocouples and strain gauges. Distributed fiber optic sensors enable monitoring solutions with exceptional benefits for the safety of society and critical assets, especially when monitoring in inhospitable environments or remote locations. These sensors substitute integration of thousands of sensors with single optical fiber system.

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The optical fiber is light weighted, manageable, available at low-price, and unaffected to electromagnetic interference (EMI), which makes it an economical and flexible sensor medium. The benefits associated with distributed fiber optic sensors are likely to spur the growth of this market. Some of the factors like increasing adoption of distributed fiber optic sensors in oil and gas and soaring demand from the civil engineering vertical are expected to propel the growth of global distributed fiber optic sensor market in near future.

As per the findings of research, oil and gas has been the largest user of distributed fiber optic sensors. In oil and gas applications, these sensors are being used for specific monitoring of well-temperature and for obtaining an authentic picture of physical parameters of wellbore. However, the market is expected to register the highest growth in civil engineering vertical, during the forecast period.

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Based on application, distributed fiber optic sensor market can be classified into temperature sensing, acoustic sensing, strain sensing, pressure sensing and others. Temperature sensing application segment is likely to spearhead the application category with maximum revenue contribution. However, acoustic sensing application is expected to register highest growth during the forecast period.

Geographically, North America has been the largest market for distributed fiber optic sensors. The oil and gas industry contributed largest revenue to the distributed fiber optic sensor market in the region. The U.S. is considered as the largest petroleum consumer across the globe and it is also producing oil faster than other countries in the world. Uninterrupted demand and production of oil and energy in the region are the major factors propelling the demand of distributed fiber optic sensors in the region.

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The key players in the distributed fiber optic sensor market include Schlumberger Limited, Halliburton Company, Yokogawa Electric Corporation, Weatherford International plc, QinetiQ Group plc, Luna Innovations Incorporated, OFS Fitel LLC, Bandweaver, OmniSens S.A., Brugg Kabel AG, AP Sensing GmbH, AFL, and Ziebel AS.