Asia Pacific Fiber Optic Sensor Market Key Players and Opportunities by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia Pacific Fiber Optic Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Temperature Sensing, Pressure Sensing, Acoustic Sensing, Strain Sensing, and Others) and Vertical (Oil & Gas, Manufacturing, Infrastructure, Power and Utilities, and Others)

Report Date : Nov 2021
Report Code : TIPRE00025826

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 126

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Asia Pacific fiber optic sensor market is expected to reach US$ 1,376.0 million by 2028 from US$ 619.5 million in 2021. The market is estimated to grow at a CAGR of 12.1% from 2021–2028.

Baumer Group; Davis Instruments; Keyence Corporation; Omnisens SA; OMRON Corporation; Halliburton Energy Services, Inc.; and Luna Innovations Incorporated are among the prominent manufacturers of fiber optic sensors. In May 2021, Halliburton Company collaborated with TGS-NOPEC Geophysical ASA; through this collaboration, the companies aim to offer oil & gas plant operators with improved insights to decide their reservoir potential for oil & gas production or carbon storage. The Halliburton FiberVSP and Odassea distributed acoustic sensing solutions would be embedded with seismic imaging workflows of TGS, which process the whole seismic wavefield to produce high-resolution reservoir images. Further, Luna Innovations unveiled a new measurement solution enabled with the improved fiber-optic sensing technology; the solution is optimized for greater precision and authentic high-definition distributed temperature measurements. The Optical Distributed Sensor Interrogator (ODiSI) platform of Luna is the industry’s one and only high-definition fiber optic temperature measurement system that is capable of eliminating the error-causing impacts of mechanical strain on fiber optic temperature sensors. Thus, with more such developments, the demand of fiber optic sensors would increase in the coming years.

Japan and India are the other two countries that have large number of electronics and semiconductor manufacturers as well as end users. These two countries have also registered higher number of COVID-19 infected cases and are still continuing the battle against the spread. Though the countries have eased the lockdown norms and have allowed the manufacturing plants to operate, the decrease in demand and supply has been severely affecting the fiber optic sensors market player in both the countries. The recovery period is expected to be by late 2021 as the entire electronics and semiconductor manufacturing sector has been rigorously affected.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the fiber optic sensor market. The Asia Pacific fiber optic sensor market is expected to grow at a good CAGR during the forecast period.

Asia Pacific fiber optic sensor market

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Asia Pacific Fiber Optic Sensor Market Segmentation

By Vertical

Oil & Gas
Manufacturing
Infrastructure
Power and Utilities
Others

By Application

Temperature Sensing
Pressure Sensing
Acoustic Sensing
Strain Sensing
Others

By Country

Asia Pacific

- - - China
    - Japan
    - India
    - South Korea
    - Australia
    - Rest of Asia Pacific

Companies Mentioned

Omnisens SA
Solifos AG
Baumer Holding AG
Keyence Corporation
OMRON Corporation
Luna Innovations Inc.
SICK AG
Yokogawa Electric Corporation

Asia Pacific Fiber Optic Sensor Report Scope

Report Attribute	Details
Market size in 2021	US$ 619.5 Million
Market Size by 2028	US$ 1,376.0 Million
Global CAGR (2021 - 2028)	12.1%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Application Temperature Sensing Pressure Sensing Acoustic Sensing Strain Sensing By Vertical Oil & Gas Manufacturing Infrastructure Power and Utilities
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Omnisens SA Solifos AG Baumer Holding AG Keyence Corporation OMRON Corporation Luna Innovations Inc. SICK AG Yokogawa Electric Corporation

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia Pacific Fiber Optic Sensor Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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