Upper Lake, CA (USA) – September 8, 2010 — ElectroniCast Consultants, a leading market/technology forecast consultancy, today announced the release of a new market research study of the global consumption fiber optic Point and Continuous Distributed fiber optics sensors. The 2009-2014 quantitative market forecast geographic regions plus a Global summary segment data presented in this study report.
The market forecast data is also presented and segmented in three main sections:
· Continuous Distributed Fiber Optic Sensor Systems
· Fiber Optic Point Sensors: Component-Level
· Optical Communication Signal Analysis Interface Components/Modules
In 2009, the worldwide consumption value of point fiber optic sensors reached $534.41 million and in 2014, ElectroniCast predicts that 1.796 million Point fiber optic sensors will be put into action in the year 2014 resulting to a consumption value of $843.55 million.
ElectroniCast states that It is important to note that Point sensors are often used in Distributed fiber optic sensor systems (installed at multiple-points/ point-to-point); however, they count their use in the Point fiber optic sensor category and not in the continuous (non-stop) distributed sensor category.
The global fiber optic sensor consumption market forecast value in 2009 was nearly $1.52 billion. Optical communication interface components and modules, used in test/measurement and monitoring devises, led in global consumption with 44 percent in relative market share or $669 million in 2009. The use of Point fiber optic sensors is forecast to expand at an average annual growth rate of 9.56 percent in value, reaching $844 million in the year 2014. The use of continuous distributed fiber optic sensors, however, is forecast to take-over the market share leadership, mostly driven by the Military/Security, Petrochemical/Energy and Civil Engineering/Construction industry sectors