Lucintel's latest market report analyzed that distributed fiber optic sensor provides attractive opportunities in the oil & gas, power and utility, safety & security, industrial, and civil engineering sectors. The distributed fiber optic sensor market is expected to reach $0.8 billion by 2028 with a CAGR of 9%. In this market, raman effect is the largest segment by technology, whereas oil & gas is largest by end use industry.
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Based on technology, the distributed fiber optic sensor market is segmented into rayleigh effect, brillouin scattering, raman effect, interferometric, and bragg grating. The raman effect segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the extensive use of these technology in a various risky situations, such as the security of large structures, coolant leak detection, and fire detection.
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The Distributed Fiber Optic Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering distributed fiber optic sensor include Halliburton, Schlumberger, Yokogawa Electric, OFS Fitel, and Qinetiq.
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