2024 Technological Developments Driving the Growth Of Distributed Fiber Optic Sensor Market!
Grand View Research, Inc
Market Research Technology | Management Consulting | Analytics
Summary:?
The ability of fiber optic sensors to provide real-time monitoring outputs is revolutionizing industry verticals in managing their operations. Of late, the demand for durable sensors that can combat challenging and hostile environments has prompted oil & gas, industrial, and power and utility companies to invest in distributed fiber optic sensors (DFOS). The prevailing trend in the distributed fiber optic sensor market comes against the backdrop of fiber sensing’s innate ability to locate and detect any hot spot along a power cable, detect third-party interference on data center interconnects or pipelines and locate and detect any excessive strain on an optical telecom cable.?
So, what is in store for DFOS industry players in 2024? There are opportunities galore in 2024 and beyond. For instance, innovative technological advancements are merely the tip of the iceberg that has driven the demand for distributed fiber optic sensors across aerospace and aviation, automotive, aerospace, civil, and energy industries. Moreover, fiber sensing interrogators are sought across end-use sectors to inspect, protect and monitor optical fiber networks.?
While these industry dynamics have augured growth, the following mega-trends shed light on the growing prominence of distributed fiber optic sensors in the ensuing period:
Advancements in Sensing Technologies
Recent innovations in sensing technologies have greatly enhanced the capabilities of distributed fiber optic sensors. For instance, Phase-sensitive optical time-domain reflectometry (Φ-OTDR)) has gained attention due to its high performance in detecting weak perturbations throughout the fiber. Furthermore, Intelligent Distributed Acoustic Sensor (iDAS) is capable of acquiring data with upto 40,000 measurement channel per fiber.
These sensors utilize light to detect changes in temperature, strain, and pressure over long distances, making them invaluable in numerous applications. In essence, fiber sensing is the fulcrum, helping industries:
Industries seek fiber sensing as the latter negates the requirement of separate interfaces between external sensors and the fiber, minimizing cost and complexity. Besides, stakeholders are counting on Brillouin, Raman and Rayleigh scattering in distributed fiber sensing. For instance, Raman scattering helps determine temperature accurately at any given location along the fiber. Meanwhile, Brillouin scattering has provided an impetus to find out the strain experienced by the fiber and assess the zones impacted.?
These trends corroborate Grand View Research’s prediction of the global distributed fiber optic market at USD 2.53 Billion by 2030.
Applications in Critical Infrastructure
Distributed fiber optic sensors are increasingly being adopted to monitor critical infrastructure, including bridges, pipelines, and buildings. These sensors allow for the detection of structural anomalies before they escalate into major issues, which is paramount.
Growth in Renewable Energy Sector
The renewable energy sector is another significant driver of the distributed fiber optic sensor market. As the world shifts towards sustainable energy solutions, these sensors are essential for optimizing performance and ensuring safety in operations.
Integrating advanced monitoring technologies, including fiber optics, is essential for maximizing the efficiency of renewable energy systems. -International Renewable Energy Agency (IRENA)
Integration with IoT and Smart Technologies
The convergence of distributed fiber optic sensors with Internet of Things (IoT) technologies presents a transformative opportunity for data collection and analysis. This integration facilitates smarter, data-driven decision-making processes across industries.
Increased Investment in R&D
Research and development (R&D) investment is crucial for the continued advancement of distributed fiber optic sensor technology. Companies and research institutions allocate resources to explore new applications and improve existing technologies, driving market growth in 2024 and beyond. The National Science Foundation’s recent funding initiatives highlight the importance of R&D, stating, “Investing in innovative technologies today is pivotal for shaping a sustainable and efficient tomorrow.”
Wrapping up
The future lies in smart technologies that collect data and transform it into actionable products and services. Indeed, optical fibers are the game changers in attaining continuous and real-time monitoring of major parameters, averting costly repairs and preventing power outages. With soaring connectivity, the demand for security and monitoring will continue to rise, alluding to the pivotal role of fiber optic sensors.?
It is safe to say that the growth of the distributed fiber optic sensor market in 2024 is driven by technological advancements and their applications in industries, from infrastructure monitoring to renewable energy optimization. As the world progresses and the concerned stakeholders continue investments in technology and research, the market players are expected to reap rewards.