"Catapult Your Business to Fore, Gain Competitive Advantage "

Fibre Optic Temperature Sensor Market Size, Share & Industry Analysis, By Type (Distributed Optic Fibre Temperature Sensor, Fibre Optic Fluorescent Temperature Sensor), By Application (Healthcare Industry, Automotive Industry, Consumer Electronics Industry, Energy and Power Industry, Oil and Gas Industry, Chemical Industry, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104748 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Fibre optic temperature sensor operates on optical, fibre bragg grafting and electronic temperature sensing technologies. Being insensitive to electromagnetic interference, these sensors can tolerate extreme temperature conditions. Fibre optic temperature sensors are gaining traction across several industries including, healthcare, automotive, consumer goods, energy and power, oil and gas, etc. owing to, its greater durability and reliability as compared to electric sensors.


The global fibre optic temperature sensor market is highly profited by the fast-paced technological advancements including, fibre bragg grafting, etc. in efficiently manufacturing ultra-miniature fibre optic sensors. These are mostly preferred for their competence to identify structural damage up to 0.15 mm. Additionally, these sensors are highly applicable in crack monitoring for concrete made structure thus, further propelling the market growth.

The adoption of fibre optic sensors to measure temperature is increasing in recent years. It is attributed to, its distinctive capabilities such as, high resistance to electromagnetic interference and high sensitivity in various industrial applications including, aerospace & defence, automotive, energy etc. Additionally, key manufacturers are focused on technological product development that in turn, is opening unpecedented opportunities to measure temperature in accessible industrial application. Furthermore, manufacturers are opting for IECEx certification to meet growing demand for monitoring structures in extreme conditions. Therefore, the global fibre optic temperature sensor market is projected to perceive substantial growth in the forecast period.

Conversely, COVID-19 outbreak has substantially affected the fibre optic temperature sensor market globally. The manufacturing units have stopped production as, lockdown has resulted in supply chain disruption. The industries including chemical, automobile, etc. are suffering from delays in the project works in the year 2020, owing to the sudden COVID-19 outbreaks. However, the growing demand from healthcare, chemicals and energy & power industries has hold the growing demand for fibre optic temperature sensors in Europe and Asia Pacific. Thus, the global market is expected to witness minimal downfall in the year 2020. Moreover, in a long-term basis, the outlook seems dynamic with attractive technology development opportunities for the market players in future ahead.

Key Market Driver -

• Introduction of power efficient fibre optic sensors to optimize temperature • Rising penetration in healthcare and automotive sector

Key Market Restraint -

• Complex technicalities and expensive deployment cost


Key Players Covered:


Key players operating in the global fibre optic temperature sensor market are GEOKON, Advanced Energy Industries, Inc., Opsens Solutions, Siemens, RUGGED MONITORING, LumaSense Technologies, Neoptix, Fluke Process Instruments., NXP Semiconductors, Microchip Technology Inc., STMicroelectronics, Maxim Integrated, Calex Electronics Limited, Elliot Scientific Ltd., Proximion AB, Bestech Australia, Scaime, Capgo Pty Ltd, Althen, FISO Technologies, FBGS Technologies GmbH and others.

Regional Analysis


Asia Pacific is expected to witness highest compounded annual growth rate (CAGR) in the forecast period. It is owing to, the deployment of fibre optic temperature sensors in automotive, chemicals and oil & gas industries to measure temperature values regularly. Moreover, rapidly developing automotive industry across India, Japan and Korea, is propelling the market growth for these sensors.

North America is expected to capture highest market share in the forecast period attributed to, the development of technologically advanced fibre used sensors across healthcare and automotive sectors. Additionally, the leading manufacturers are focusing on widening their distribution network thus, boosting the market growth.

Europe is anticipated to witness steady growth, owing to the constant demand for precision fibre optic temperature sensor across industrial applications. Additionally, the presence of manufacturers including, Calex Electronics Limited, Proximion AB, Scaime, Althen sensors & control and others, is complimenting the steady growth across European countries.

Middle East and Africa and Latin America are expected to witness fast growth with effect of increased oil & gas and chemical industrial activities. Moreover, the manufacturers are potentially penetrating the sensor product range across GCC countries, South Africa and Brazil.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Distributed Optic Fibre Temperature Sensor

  • Fibre Optic Fluorescent Temperature Sensor



By Application



  • Healthcare Industry

  • Automotive Industry

  • Consumer Electronics Industry

  • Energy and Power Industry

  • Oil and Gas Industry

  • Chemical Industry

  • Others (Aerospace and Defence Industry, etc.)



By Region



  • North America (U.S. and Canada)

  • Europe (UK, Spain, Italy, France, DACH, Benelux, Nordics, CIS and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, Rest of Latin America)



Key Industry Developments



  • July 2019: Opsens Solutions received an order of more than 100 fibre optic sensors and system from ElectroKinetic Solutions. The sensor essentially optimizes dewatering operations process of oil sand tailings to prevent negative impact on environment.

  • June 2018: Proximion AB signed a development agreement with SKF for the industrialization of fibre optic sensing system. SKF’s fibre optic bearing sensing technology combines with Proximion AB’s application integration experience to develop advanced fibre optic sensors.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Saint Gobain
Toyota
Itochu
Mckinsey
Emerson

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X