Europe Distributed Fiber Optic Sensor Market Size & Outlook
Europe distributed fiber optic sensor market, 2018-2030 (US$M)
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Europe distributed fiber optic sensor market highlights
- The Europe distributed fiber optic sensor market generated a revenue of USD 400.8 million in 2023.
- The market is expected to grow at a CAGR of 3.8% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 400.8 million |
| Market revenue in 2030 | USD 520.3 million |
| Growth rate | 3.8% (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, Europe region accounted for 25.1% 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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Europe 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 45.56% in 2023. Horizon Databook has segmented the Europe 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.
Technological advancement in fiber optical sensing in European countries improves the aerospace and medical sector. The European Union has provided funding for several large-scale research projects focused on developing and testing new DFOS applications. For instance, the European Commission funded a project called "Fibre optic sensor network for distribution of point sources of pollution" (FODIAC), which aimed to develop DFOS technology for monitoring environmental pollution in groundwater and surface water.
Fiber optical sensors are used in endoscopic applications in the medical industry. They are also used for diagnostic and intensive care in clinical applications, laboratory testing, and research. Moreover, private sector investment in DFOS technology has been increasing in Europe. Several companies have emerged in recent years, specializing in developing and commercializing DFOS technology for various applications. These companies have received funding from venture capital firms and other investors to support their growth and expansion.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe distributed fiber optic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Europe distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe distributed fiber optic sensor market size, by country, 2018-2030 (US$M)
Europe Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
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