North America Distributed Fiber Optic Sensor Market Size & Outlook
North America distributed fiber optic sensor market, 2018-2030 (US$M)
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North America distributed fiber optic sensor market highlights
- The North America distributed fiber optic sensor market generated a revenue of USD 535.1 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 535.1 million |
| Market revenue in 2030 | USD 719.1 million |
| Growth rate | 4.3% (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, North America region accounted for 33.5% 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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North 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 46.42% in 2023. Horizon Databook has segmented the North 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.
Growing opportunities in the civil engineering sector are a crucial driver for DFOS in North America. The rise in commercial and industrial construction is augmenting market growth. Government agencies in North America have provided support for DFOS development.
For instance, the U.S. Department of Energy has funded research and development projects focused on using DFOS for oil and gas exploration and monitoring. Increased expenditure on the defense and military sector in the U.S. has increased applications of DFOS, such as surveillance border security.
Moreover, safety & security is growing more in North American countries. There are growing trends in using centralized security systems for domestic purposes in U.S. & Canada.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America distributed fiber optic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into North America distributed fiber optic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America distributed fiber optic sensor market size, by country, 2018-2030 (US$M)
North America Distributed Fiber Optic Sensor Market Outlook Share, 2023 & 2030 (US$M)
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