Middle East & Africa Distributed Fiber Optic Sensor Market Size & Outlook
Middle East & Africa distributed fiber optic sensor market, 2018-2030 (US$M)
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MEA distributed fiber optic sensor market highlights
- The MEA distributed fiber optic sensor market generated a revenue of USD 247.7 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 247.7 million |
| Market revenue in 2030 | USD 472.4 million |
| Growth rate | 9.7% (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, MEA region accounted for 15.5% 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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Middle East & Africa 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 43.6% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Furthermore, several research institutions and companies in the MEA region are involved in DFOS research and development. For example, the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has a research program focused on developing DFOS solutions for various applications, including environmental monitoring and energy applications.
Several countries in the MEA region, including Saudi Arabia, Qatar, and the United Arab Emirates (UAE), have invested heavily in DFOS technology for pipeline monitoring, well monitoring, and other applications in the oil and gas industry. For example, Saudi Aramco, the state-owned oil company of Saudi Arabia, has been using DFOS technology for pipeline and reservoir monitoring.
In addition to the oil and gas industry, DFOS technology is also being developed and implemented in other sectors in the MEA region, such as transportation and infrastructure. For example, DFOS systems are being used for structural health monitoring of bridges and tunnels in the UAE.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa distributed fiber optic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa distributed fiber optic sensor market
Middle East & Africa Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa distributed fiber optic sensor market
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