Albany, NY -- (SBWIRE) -- 06/01/2016 -- Technavios market research analyst predicts the global fiber optic sensors market to grow steadily at a CAGR of about 9% during the forecast period. The fiber optic sensors capability of a higher tolerance for high temperatures is expected to drive the demand for these sensors in applications that has extreme environmental conditions and where electrical sensors fail to function properly, such as the oil and gas, and manufacturing sector.

Increased exploration of unconventional resources is another major factor expected to increase the revenues of the fiber optic sensors market during the forecast period. Fiber optic sensors are integrated into equipment used during the drilling and exploration stages. The increase in consumption of oil and gas and the decline in the production of conventional oil reserves has forced vendors and governments to indulge in exploration and drilling activities, therefore, leading to greater demand for fiber optic sensors in this industry.

Browse Market info, get a Sample PDF with TOC: http://www.researchmoz.us/enquiry.php?type=S&repid=499617

Product segmentation and analysis of the fiber optic sensors market
- Intrinsic fiber optic sensors
- Extrinsic fiber optic sensors

The intrinsic sensors segment dominated the market during 2015, with a market share of above 93%. Intrinsic sensors are used to measure physical properties such as strain, pressure, and temperature. The main reason behind the dominance of intrinsic sensors is the early adoption of these sensors in oil and gas industry.

Segmentation by end-user and analysis of the fiber optic sensors market
- Oil and gas
- Manufacturing
- Infrastructure
- Security
- Others

Oil and gas accounted for nearly 31% of the market share during 2015. The high demand for equipment used for exploration and drilling activities and the ability of fiber optic sensors to measure temperatures and strain at different locations through a single fiber using multiplexing technology has been driving the growth of this segment.

Geographical segmentation and analysis of the fiber optic sensors market
- Americas
- APAC
- EMEA

The Americas accounted for almost 42% of the market share during 2015 and is expected to grow at a CAGR of close to 10% during the forecast period. The high adoption rate of fiber optic sensors in the manufacturing industry and the availability of huge reserves resulting in increased exploration and drilling activities are the primary drivers for the market growth in this region.

Enquiry at: http://www.researchmoz.us/enquiry.php?type=E&repid=499617

Key questions answered in the report

- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global fiber optic sensors market?
- What are the key market trends impacting the growth of the global fiber optic sensors market?
- What are the challenges to market growth?
- Who are the key vendors in the global fiber optic sensors market?
- What are the market opportunities and threats faced by the vendors in the global fiber optic sensors market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global fiber optic sensors market?

About ResearchMoz
ResearchMoz is the world's fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz's service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

Contact Us:
Mr. Nachiket
Albany NY - 12207
United States
Tel: +1-518-621-2074
Tel: 866-997-4948 (Us-Canada Toll Free)
Email: sales@researchmoz.us
Follow us on LinkedIn at: http://bit.ly/1TBmnVG