The Global Fiber Optic Sensor market is likely to ascend at a CAGR of 8% over the forecast period (2021-2027) according to QuantAlign Research. the growing application in oil & gas vertical, rising demand for data-based analysis, and increasing research and development activities. Additionally, considerable growth in telecommunication industry is further fostering the growth of the market.

Fiber optic sensor is a device that measures a physical parameter on the basis of modulation on the phase, intensity, polarization, and spectrum of light travelling through an optical fiber. Increasing deployment of fiber optic sensor in various vertical has led to increased investment in fiber optic sensing technology. In addition, development of subsequent calibration tests associated with fiber optic sensors has been carried out with reasonable success. Also, FOS facilitates measurement of temperature when better immunity to electromagnetic interference is needed, and thereby can be used in various applications such as RF treatment and magnetic resonance imaging.

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Global Fiber Optic Sensor Market Demand Outlook, COVID-19 Impact, Trend Analysis by Application (Pure terephthalic acid, Dimethyl terephthalate, Dibutyl-phthalate xylene), By End-Use (Packaging, Polyester fiber), and Industry Estimates 2021-2027 –  “https://quantalignresearch.com/global-fiber-optic-sensor-market-report “

Key insights: 

• The intrinsic optical sensor segment held largest share of the global fiber optic sensor market, and is expected to witness higher CAGR over the forecast period
• North America is currently the largest market for fiber optic sensors due to high adoption of the fiber optic sensors in various verticals, and presence of major market players in the region.

Major players operating in the global fiber optic sensor market include Omron, FBGS Technologies GmbH, Proximion, Smart Fibres Ltd., Sensornet, IFOS,  Northrop Grumman Corporation, Redondo Optics, Bandweaver, AFL, TE Connectivity Ltd., SensoPart Industriesensorik GmbH, Luna, Baumer, Micron Optics, Pvt. Ltd. among others.