1. Market Research
  2. > Manufacturing
  3. > Industrial Equipment Market Trends
  4. > 2015 Photonic Sensor Consortium Market Survey Report

2015 Photonic Sensor Consortium Market Survey Report

  • March 2015
  • -
  • Information Gatekeepers

Summary

Table of Contents

Overview

The distributed fiber optic sensor market stood at $585 million in 2013. The market was projected to approach $1.5 billion in 2018 with 70% associated with the oil and gas segments. The sudden and unexpected drop in oil prices will negatively impact the market with the overall forecast falling short of the $1.5 billion forecast according to an updated and expanded market survey report conducted by the Photonic Sensor Consortium and published by Information Gatekeepers. The long term picture is still optimistic, but a short term contraction is likely.

The expanded report provides much greater detail for how the market is forecasted for specific technologies. Data is provided in graphic and tabular formats. The market is broken down for DTS, Bragg grating, DAS, interferometric and Brillouin scattering technologies in relation to the various market segment applications (oil and gas, military, homeland security, smart structures, etc.). In addition, the two dominant technologies (DTS and Bragg gratings)show relative market share by the major suppliers.

Distributed fiber optic sensors are an enabling technology that creates smart systems in a variety of applications. The initial commercialization efforts focused on military applications. However, the need to function in harsh environments and the development of optical fiber technology that can survive in these applications has significantly impacted the oil and gas industry. These smart sensing systems provide benefits throughout the life of a well from exploration to drilling and completion, production and reservoir management. There is no other technology that can provide critical process control information spatially throughout the well in real time over long periods. Without smart well technology, fracture monitoring and analysis and applications like steam assisted gravity drainage (SAGD) would be very difficult to effectively implement.

Why is there such a strong interest in this technology? Fiber optic sensors represent a technology base that can be applied to a multitude of sensing applications. There are several characteristic advantages of fiber optics that make their use especially attractive for sensors:

Nonelectrical
Explosion-proof
Small size and weight
Allow access into normally inaccessible areas and harsh environments
Immune to radio frequency interference (RFI) and electro-magnetic interference (EMI)
Solid-state reliability
High accuracy
Can facilitate distributed sensing
Most physical properties can be sensed optically with fibers. Light intensity, displacement (position), temperature, pressure, rotation, sound, strain, magnetic field, electric field, radiation, flow, liquid level, chemical analysis, and vibration are just some of the phenomena that can be sensed.

Fiber optic sensors have been used successfully for many years in military gyroscopes and hydrophones. However, their use in smart oil wells has been the key to enabling North America to be on a path to energy independence.

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
World AC Motor Market to 2021 - Market Size, Development, and Forecasts

World AC Motor Market to 2021 - Market Size, Development, and Forecasts

  • $ 26587
  • Industry report
  • January 2017
  • by Global Research & Data Services

The expansion of the global AC motor industry is forecast to reach 0.6% p.a. in the coming years. Between 2010 and 2016 the market increased with an average annual growth of 3.7%. Currently, AC motors ...

World AC Generator Market to 2021 - Market Size, Development, and Forecasts

World AC Generator Market to 2021 - Market Size, Development, and Forecasts

  • $ 26587
  • Industry report
  • January 2017
  • by Global Research & Data Services

The expansion of the global AC generator industry is forecast to reach 0.6% p.a. in the coming years. Between 2010 and 2016 the market increased with an average annual growth of 0.7%. Currently, AC generators ...

World Electric Generator and Motor Market to 2021 - Market Size, Development, and Forecasts

World Electric Generator and Motor Market to 2021 - Market Size, Development, and Forecasts

  • $ 26587
  • Industry report
  • January 2017
  • by Global Research & Data Services

The expansion of the global electric generator and motor industry is forecast to reach 0.6% p.a. in the coming years. Between 2010 and 2016 the market increased with an average annual growth of 3.8%. Currently, ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.