China Distributed Fiber Optic Sensor Market Size & Outlook
China distributed fiber optic sensor market, 2018-2030 (US$M)
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China distributed fiber optic sensor market highlights
- The China distributed fiber optic sensor market generated a revenue of USD 121.2 million in 2023 and is expected to reach USD 222.0 million by 2030.
- The China market is expected to grow at a CAGR of 9% 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.
Distributed fiber optic sensor market data book summary
| Market revenue in 2023 | USD 121.2 million |
| Market revenue in 2030 | USD 222.0 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Temperature sensing |
| Fastest growing segment | Acoustic/Vibration Sensing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 7.6% of the global distributed fiber optic sensor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China distributed fiber optic sensor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 174.1 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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China 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 43.56% in 2023. Horizon Databook has segmented the China 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.
China is one of the fastest-growing markets for distributed fiber optic sensing (DFOS) technology, with increasing investments in the technology and its applications. In recent years, several acquisitions and mergers have involved Chinese companies in the DFOS space—for instance, the acquisition of Fibersensing by HBM Test and Measurement, a Swiss-based company.
Fiber sensing is a Portuguese-based company specializing in DFOS technology for structural health monitoring and geotechnical applications. HBM's acquisition of Fibersensing allowed the company to expand its product portfolio and offer DFOS solutions for various applications.
Another notable merger in the Chinese DFOS market was the merger of YOFC and Fiberhome in 2019. YOFC is a leading Chinese company in the fiber optic cable industry, while Fiberhome specializes in telecommunications equipment and services. The merger allowed the companies to combine their strengths and develop new DFOS products and applications.
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Horizon Databook provides a detailed overview of country-level data and insights on the China distributed fiber optic sensor market , including forecasts for subscribers. This country databook contains high-level insights into China distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China distributed fiber optic sensor market size, by application, 2018-2030 (US$M)
China Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
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