North America Fiber Optic Sensor Market Key Players and Forecast by 2028

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

North America 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 : TIPRE00025828

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 North America fiber optic sensor market is expected to reach US$ 2,144.7 million by 2028 from US$ 1,267.0 million in 2021. The market is estimated to grow at a CAGR of 7.8% from 2021–2028.

The actual time monitoring of underground well conditions is becoming increasingly vital in the oil & gas vertical. To gain a comprehensive picture of underground conditions, operators are using downhole fiber-optic sensors to accurately measure parameters such as temperature and pressure along the length of the wellbore in real time. The useful information about well condition and operation obtained from the sensor data helps the well operators in fine tuning of conditions, thus achieving maximum production. The collection of fiber optic sensor data and analysis of the same reduce uncertainty, enabling better operational decisions that can significantly reduce environmental impact of operations, in addition to increasing well production. Moreover, these sensors are used to real-time leakage detection and predictive maintenance in the oil & gas plants. Such as, AFL provides optimized fiber optic cables for the oil & gas sector. Thus, with the increasing importance of fiber optic sensors in the oil & gas industry, the demand of these sensors is on rise, thus fuelling the market growth.

According to the American Institute of Architects (AIA), the construction sector in the US has been hit hard by the COVID-19 outbreak. The construction activity declined in 2020 and the trend is prevailing in the 2021. The construction activities are declined by approximately 20% which negatively impacted the fiber optic sensor market. The oil & gas industries that install higher volumes of sensors have been hit at various levels of degree by the COVID-19 pandemic. The Canadian and Mexican fiber optic sensor market also witnessed and are experiencing similar tremors owing the widespread of COVID-19 virus. The infrastructure and power & utilities sector in the two countries have been witnessing significant shocks. Apart from oil & gas and manufacturing sector in Canada and Mexico also observed decline in sales owing to the concerns over rapid spread of the virus under cooler environments.

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 North America fiber optic sensor market is expected to grow at a good CAGR during the forecast period.

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

North America 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

North America

Canada

Mexico

Companies Mentioned

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

North America Fiber Optic Sensor Report Scope

Report Attribute	Details
Market size in 2021	US$ 1,267.0 Million
Market Size by 2028	US$ 2,144.7 Million
Global CAGR (2021 - 2028)	7.8%
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	North America US Canada Mexico
Market leaders and key company profiles	AOMS Technologies Davidson Instruments Omnisens SA Solifos AG Baumer Holding AG Keyence Corporation OMRON Corporation Luna Innovations Inc. SICK AG

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 North America 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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