To this date, oil remains one of the major sources for generating energy for a number of purposes, which is why the oil & gas industry also remains among the most important industries. Furthermore, factors such as emergence of multi-lateral hydraulic fracturing technologies, rising capital investments for thermal-enhanced oil enhancement techniques, and surging focus on oil recovery are also resulting in the growth of the oil & gas industry.
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In 2019, the total revenue for oil & gas drilling sectors was about $3.3 trillion, as per a market research by IBISWorld, and the sector accounted for about 3.8% of the global economy. Because of this, the demand for distributed fiber optic sensors is increasing as well, since they are extensively utilized in the oil & gas industry. The distributed fiber sensing technology has the ability of employing optical fiber as a sensing element, thereby providing measurements with a high degree of spatial density.
Distributed fiber optic sensors have the capability of optimizing and operating the resources in the oil & gas industry, since they can monitor the entire length of the pipeline structure efficiently. Attributed to these advantages, the distributed fiber optic sensor market is predicted to advance at a swift pace in the years to come. Other than the oil & gas industry, these sensors are also used in civil engineering, energy & utility, and military industries.
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While distributed fiber optic sensors were used the most in the oil & gas industry to monitor well temperature and to obtain authentic images of the physical parameters of wellbores, their demand in the civil engineering industry is increasing rapidly as well. This can be ascribed to the fact that these sensors enhance efficiency and accuracy of inspection. The increased deployment of structure health monitoring in the industry is also a key reason for the growing adoption of distributed fiber optic sensors.