Fiber Optic Sensor Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Type:

Based on the type, the market is bifurcated into intrinsic fiber optic sensors and extrinsic fiber optic sensors.

Trends in the type:

• The healthcare sector is adopting extrinsic sensors in applications such as monitoring of blood flow with temperature and pressure.
• The trend towards integration of IoT into extrinsic sensors for enabling remote real-time monitoring which helps in improving detection and scheduling maintenance.

The intrinsic fiber-optic sensors accounted for the largest revenue share in the year 2023 and are anticipated to register the fastest CAGR during the forecast period.

• The intrinsic-based optic sensor's main characteristic is to translate an environmental input signal into light beams that flow in the optical fiber. Additionally, the main factors affecting the signal include frequency, phase, polarization, intensity, and more.
• Moreover, the intrinsic sensors offer a range of benefits including distributed sensing, chemical resistance, and high sensitivity among other
• Further, the primary factor driving growth is the ability to deliver distributed sensing across great distances which increases the adoption in the healthcare and oil & gas sector.
• For instance, in March 2024, FaserNAV partnered with FBGS and Leibniz-IPHT. The partnership aims to develop a fiber optic probe that enables intrinsic catheter and instrument navigation without the help of X-ray for the measurement of cardiac currents.
• Thus, rising demand in healthcare and the oil & gas sector is driving the intrinsic fiber optic sensor market size.

By Sensor Type:

Based on the sensor type, the market is segmented into temperature sensing, strain sensing, vibration (acoustics) sensing, image sensing, photoelectric sensing, and others.

Trends in the sensor type:

• The rising need for strain sensing in the construction sector for structural health monitoring and maintenance is fueling the market trend.
• The need for real-time traffic monitoring systems to enhance safety on the road is boosting photoelectric sensing.

Temperature sensing accounted for the largest revenue share of 28.33% in the year 2023.

• The primary role of temperature sensing is temperature monitoring and fault detection in various end-use industries such as chemical and oil & gas.
• Moreover, temperature sensing offers a range of benefits including quick detection, remote monitoring, and superior environmental resistance among others.
• They are utilized in steel, electric power, chemical plants, as well as transportation infrastructure, and other industrial applications that require temperature sensor solutions.
• Further, the rising need for precision temperature sensing solutions where performance in extreme temperatures and harsh operating environments is driving the temperature fiber optic sensor market growth.
• For instance, in September 2023, Accelovant announced the launch of a fiber optic temperature sensor. The sensor is ideal for application inside semiconductor process chambers under vacuum conditions. Additionally, the sensor features accurate temperature sensing and is immune to multiple process conditions.
• Thus, the rising need for precision temperature sensing solutions is driving the temperature sensing type of fiber optic sensor market demand.

The vibration sensing is anticipated to register the fastest CAGR during the forecast period.

• The primary role of vibration sensing is to deliver proper displacement and vibration measurements in various applications such as transportation and industrial automation.
• The ability to monitor and detect vibration in remote monitoring which makes it ideal for utilization in structural health monitoring of dams and bridges and others.
• Further, the growing infrastructure development is driving the need for monitoring and maintaining structural integrity, in turn propelling the growth of vibration sensing.
• For instance, Vitrek, offers a Fiber Optic MTI 2100 Fotonic Sensor and Fotonic Plug-in Module which is ideal for the measurement of vibrations.
• Therefore, as per the analysis, the rising need for infrastructure development is anticipated to boost the market during the forecast period.

By End-User:

Based on the end user, the market is segmented into healthcare, aerospace & defense, chemical, oil & gas, transportation, consumer electronics, infrastructure, and others.

Trends in End-user:

• The ability of sensors to withstand high temperatures, electromagnetic interference, and chemicals is driving the adoption in the aerospace and defense sector.
• The trend towards rising adoption of advanced imaging technologies such as endoscopy is fueling the fiber optic sensor market trend.

The oil & gas sector accounted for the largest revenue share in the year 2023.

• The compact and the ability to operate in harsh conditions reduces the risk of failure and improves maintenance scheduling is the key factor driving the adoption in the oil and gas sector.
• Further, the primary factor driving the adoption of sensors in oil and gas sectors is the non-combustion and non-explosive features which makes sensors an effective solution for all maintenance challenges.
• For instance, in January 2023, Skoltech researchers partnered with the Harbin Institute of Technology for the development of an optical sensor system with an aluminum coating that withstands the harsh conditions inside a distillation tower.
• Thus, as per the analysis, the ability to withstand harsh conditions prevailing in the oil and gas sector is driving the market.

The chemical sector is anticipated to register the fastest CAGR during the forecast period.

• The chemical sector majorly utilizes temperature sensors, vibration sensors, and strain sensors for monitoring and detection of faults within the industrial environment.
• Further, the rising need for continuous monitoring of industrial pipes for corrosion measurement or other is driving the fiber optic sensor market demand.
• Furthermore, the smart industry is propelling the need for real-time remote monitoring which enables connectivity and data analysis across industries is fueling the fiber optic sensor market size.
• For instance, in September 2024, Senergetics developed a fiber-optic sensor system. The system has the ability to spot corroded pipes in chemical plants which helps in saving cost and reduces CO2 emissions.
• Hence, according to the fiber optic sensor market analysis, the need for monitoring and control over corrosion or other factors in the chemical sector is anticipated to boost the development of the market during the forecast period.