NEW YORK, Nov. 27, 2014 /PRNewswire/ -- The distributed
fiber optic sensor market stood at $585
million in 2013. The market is projected to be $1.458 billion in 2018 with 70% associated with
the oil and gas segments, according to a recent market survey
report conducted by the Photonic Sensor Consortium and published by
Information Gatekeepers.
The Photonics Sensor Consortium in conjunction with Light Wave
Venture was started in 2003 as an independent organization to
assist in the market development and commercialization of photonic
sensor technology. The primary focus has been on distributed fiber
optic sensors. Over the last 11years, the Consortium has tracked
the market and provided overall projections and market analysis for
active participants. This report is the first to be available to
the general photonics industry.
Why is there such a strong interest in this technology? Fiber optic
sensors represent a technology base that can be applied to a
multitude of sensing applications. There are several characteristic
advantages of fiber optics that make their use especially
attractive for sensors:
Nonelectrical
Explosion-proof
Small size and weight
Allow access into normally inaccessible areas and harsh
environments
Immune to radio frequency interference (RFI) and electro-magnetic
interference (EMI)
Solid-state reliability
High accuracy
Can facilitate distributed sensing
Most physical properties can be sensed optically with fibers. Light
intensity, displacement (position), temperature, pressure,
rotation, sound, strain, magnetic field, electric field, radiation,
flow, liquid level, chemical analysis, and vibration are just some
of the phenomena that can be sensed.
Fiber optic sensors have been used successfully for many years in
military gyroscopes and hydrophones. However, their use in smart
oil wells has been the key to enabling North America to be on a path to energy
independence.
Read the full report:
http://www.reportlinker.com/p02477462-summary/view-report.html
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