Mexico Distributed Fiber Optic Sensor Market Size & Outlook
Mexico distributed fiber optic sensor market, 2018-2030 (US$M)
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Mexico distributed fiber optic sensor market highlights
- The Mexico distributed fiber optic sensor market generated a revenue of USD 59.9 million in 2023 and is expected to reach USD 91.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% 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 59.9 million |
| Market revenue in 2030 | USD 91.3 million |
| Growth rate | 6.2% (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, Mexico accounted for 3.8% 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 North America, U.S. distributed fiber optic sensor market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 91.3 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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Mexico 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 43.57% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico has also shown interest in distributed fiber optic sensing (DFOS) technology, particularly in the energy sector. DFOS technology can improve safety, reduce the risk of environmental damage in oil and gas pipelines, and monitor other critical infrastructure such as dams and bridges. There are several companies in Mexico that offer DFOS solutions, such as Hengtong Group and Grupo Condumex.
Hengtong Group is a Chinese-based company with a strong presence in Mexico, offering DFOS solutions for pipeline monitoring, while Grupo Condumex provides DFOS solutions for both pipeline and structural health monitoring. Prominent acquisitions and mergers by significant players in the DFOS industry in Mexico are augmenting the DFOS market growth.
For instance, in 2019, Grupo Condumex acquired Opta Sense's Latin America business, which had a strong presence in the DFOS market in Mexico. Similarly, in 2020, Quanta Services, a U.S.-based infrastructure solutions provider, acquired a majority stake in Cymi Holding, a Mexican company specializing in energy infrastructure and DFOS solutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico distributed fiber optic sensor market , including forecasts for subscribers. This country databook contains high-level insights into Mexico distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico distributed fiber optic sensor market size, by application, 2018-2030 (US$M)
Mexico Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
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