Complete Analysis of Global Fiber Optic Sensor Market

Global Information has released a new market report titled ‘Fiber Optic Sensors Global Market Forecast’. ElectroniCast’s market research report provides a comprehensive review of the fiber optic sensors in the world market.

According to the report, about 1.796 million numbers of Point fiber optic sensors will be deployed in 2014, and would result in increased consumption value worth $843.55 million. Utilization of the point fiber optics sensors is expected to increase at 9.56% per year.

In 2009, the fiber optic sensor consumption in the global market touched $1.52 billion. The optical communication interface modules and components topped the global consumption with a relative market share of 44% in 2009. The optical communication interface equipment is utilized in monitoring and test and measurement devices.

Continuous distribution of the fiber optic sensors is anticipated to dominate the market. Petrochemical industry, civil engineering, construction, security and military sectors will drive the market in the future.

Source: http://www.the-infoshop.com