Asia Pacific Distributed Fiber Optic Sensor Market Size & Outlook
Asia Pacific distributed fiber optic sensor market, 2018-2030 (US$M)
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Asia Pacific distributed fiber optic sensor market highlights
- The Asia Pacific distributed fiber optic sensor market generated a revenue of USD 344.4 million in 2023.
- The market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, temperature sensing was the largest revenue generating application in 2023.
- Acoustic/Vibration Sensing is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 344.4 million |
| Market revenue in 2030 | USD 693.3 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Temperature sensing |
| Fastest growing segment | Acoustic/Vibration Sensing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acoustic/Vibration Sensing, Temperature Sensing, Other |
| Key market players worldwide | Halliburton Co, Schlumberger Ltd, Yokogawa Electric Corp., OFS Capital Corp, QinetiQ Group PLC, AG Barr PLC, Luna Innovations Inc, Agilent Technologies |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.6% of the global distributed fiber optic sensor market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 693.3 million by 2030.
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Distributed Fiber Optic Sensor Market Scope
Distributed Fiber Optic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific distributed fiber optic sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed fiber optic sensor market will help companies and investors design strategic landscapes.
Temperature sensing was the largest segment with a revenue share of 43.58% in 2023. Horizon Databook has segmented the Asia Pacific distributed fiber optic sensor market based on acoustic/vibration sensing, temperature sensing, other covering the revenue growth of each sub-segment from 2018 to 2030.
Asian countries like China and India are expanding economies and focusing on industrialization, which has given rise to industrial and domestic construction. DFOS can be used for safety and monitoring purposes. Asian country like Japan is often a victim of many natural disasters.
Optical sensors detect seismic vibrations and strain in civil structures such as bridges, buildings, and much more. The factors contributing to the growth of the distributed fiber optic sensor market include the increasing need for data-driven decisions in various industries such as safety and security, civil engineering, and power and utility.
Moreover, In Japan, DFOS technology has been widely adopted for the monitoring of structures such as bridges, tunnels, and buildings. Several Japanese companies are leading the development of DFOS technology, and the Japanese government has provided funding for research projects aimed at improving the performance and reliability of DFOS systems.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific distributed fiber optic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific distributed fiber optic sensor market size, by country, 2018-2030 (US$M)
Asia Pacific Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
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