Latin America Distributed Fiber Optic Sensor Market Size & Outlook
Latin America distributed fiber optic sensor market, 2018-2030 (US$M)
Related Markets
Latin America distributed fiber optic sensor market highlights
- The Latin America distributed fiber optic sensor market generated a revenue of USD 67.6 million in 2023.
- The market is expected to grow at a CAGR of 9.6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 67.6 million |
| Market revenue in 2030 | USD 128.4 million |
| Growth rate | 9.6% (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, Latin America region accounted for 4.2% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Distributed Fiber Optic Sensor Market Scope
Distributed Fiber Optic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 43.49% in 2023. Horizon Databook has segmented the Latin America 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.
Major government initiatives such as universal healthcare coverage increase expenditure on health monitoring in the hazardous work place with the help of optical fiber sensors. The oil and gas sector is rising in South America as there is enormous potential for oil and natural gas pipelines and infrastructure. DFOS helps in monitoring pipelines and oil wells.
Moreover, emerging demand for structural health monitoring and related applications will also play a significant role in driving distributed fiber optic sensor market in this region. Mergers and acquisition by major players are prominently augmenting the market growth.
For instance, in 2020, the German company Prysmian Group acquired the Brazilian company Eletrominas, which specializes in the development of DFOS technology for power cable monitoring.
Reasons to subscribe to Latin America distributed fiber optic sensor market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America distributed fiber optic sensor market databook
-
Our clientele includes a mix of distributed fiber optic sensor market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America distributed fiber optic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America distributed fiber optic sensor market size, by country, 2018-2030 (US$M)
Latin America Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
