DFOS Market Is Projected To Grow Rapidly Due To Increased Application Scope In Power & Utility Till 2025: Grand View Research, Inc.
The global distributed fiber optic sensor market size is expected to reach USD 2.39 billion by 2025, according to a new report by Grand View Research, Inc. Distributed fiber optic sensors are used in a wide range of application sectors such as oil & gas, infrastructure development, civil engineering, and power & utility. The demand from the civil engineering vertical and the increasing growth opportunities in the oil & gas sector are driving the growth of the distributed fiber optic sensor market. Optical inspection equipment manufacturers are concentrating on ensuring DFOS sensors’ capability of working in a challenging environment. Associated innovation arenas are infrastructure, architecture, and assessment capability. Numerous challenges and the consistencies and technological complexities that incur in optical inspection process are restricting the market growth. The auxiliary encounters of a DFOS equipment include repairs, reliability challenges, ...