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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.

Up Arrow

Key Market Driver -

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

Down Arrow

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.

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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
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