Additionally, strategic partnerships among participants across various industries, along with university researches and funding activities, play a vital role in achieving wider implementation of these sensors.
New analysis from Frost & Sullivan (technicalinsights.frost.com), Fiber Optic Sensors, finds that fiber optic sensors are rapidly making inroads into a broad range of application sectors such as oil and gas, aerospace, defense, and civil structures. They are becoming the preferred choice of sensing device for several niche applications that involve more sophistication and have certain requirements that cannot be effectively met by conventional electronic sensors.
If you are interested in a virtual brochure for this study, please send an email to Sarah Saatzer, Corporate Communications, at sarah.saatzer[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
"The adoption of fiber optic sensors is expected to experience rapid growth in the next five years due to the various initiatives being taken by the market participants," notes Technical Insights Research Analyst Amritha S. "A number of research initiatives and efforts to achieve standardization are further driving the fiber optic sensors market."
Fiber optic sensors facilitate the detection of several critical issues well before the actual outbreak, avoiding huge repair and damage expenditure and ensuring workers’ safety. They also meet application-specific demands, which are not as efficiently satisfied by conventional electronic sensors.
However, the high cost of a fiber optic sensor when compared to that of a conventional electronic sensor poses a challenge for participants in ensuring its extensive adoption. Utilization of fiber optic sensors by conservative markets also affects their widespread adoption.
The cost is likely to reduce with increased awareness and a consequent rise in demand for fiber optic sensors from various application sectors. Extensive testing results and history of successful deployment cases are expected to enhance their adoption rate in conservative markets.
"Strategic partnerships by participants from various application sectors with the companies in the field of fiber optic sensors will aid in new market penetration," explains Amritha. "Furthermore, there are a number of innovative products and technologies being developed by start-ups which are expected to propel the growth in this market."
In addition to these initiatives, it is essential to ensure the reliability, accuracy, and longevity of products to achieve wider adoption of fiber-optic sensors across various application sectors. There is also a significant need for standardization that is expected to permit the usage of a specific set of solutions based on certain predefined standards by all participants involved in the manufacture of these sensors.
Fiber Optic Sensors, a part of the Technical Insights subscription, provides a detailed analysis of the technology and the market trends for fiber optic sensors. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
Fiber Optic Sensors / D1E4