|By Business Wire||
|January 15, 2014 04:05 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/smrpfx/photonic_sensor) has announced the addition of the "Photonic Sensor Consortium Market Survey Report" report to their offering.
The distributed fiber optic sensor market is forecast to be $622 million in 2013. Decreases associated with reduced government spending were compensated for by distributed acoustic sensing (DAS) systems market penetration. In 2017, the market is projected to be $1.525 billion with 73% associated with the oil and gas segments, according to the Photonic Sensor Consortium Market Survey Report.
The Photonics Sensor Consortium in conjunction with Light Wave Venture was started in 2003 as an independent organization to assist in the market development and commercialization of photonic sensor technology. The primary focus has been on distributed fiber optic sensors. Over the last 10 years, the Consortium has tracked the market and provided overall projections and market analysis for active participants. This report is the first to be available to the general photonics industry.
Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:
- Small size and weight
- Allow access into normally inaccessible areas and harsh environments
- Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)
- Solid-state reliability
- High accuracy
- Can facilitate distributed sensing
Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.
Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.
Key Topics Covered:
Photonic Sensor Consortium Background
Distributed Fiber Optic Sensor Market Update
The forecast covers distributed fiber optic sensing systems including sensor elements, fiber optic cables, interrogators and software. It does not include installation. The markets covered are defined below:
What Happened to the Market?
Summary and Conclusions
Several factors have impacted the distributed fiber optic sensor market growth.
Profiles of Select Distributed Fiber Optic Sensor Companies
- Distributed Fiber Optic Systems
- Baker Hughes
- Fiber SenSys
- FISO Technologies
- Intelligent Optical Systems
- LIOS Technology
- Micron Optics
- Northrop Grumman
- NP Photonics
- OZ Optics
- Petrospec Engineering
For more information visit http://www.researchandmarkets.com/research/smrpfx/photonic_sensor
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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