Market Overview

The fiber optic pressure sensors market is expected to register a CAGR of 9.92% over the forecast period of 2020-2025. Fiber-optic pressure sensors are coming with fiber-optic amplifiers, with easy-to-read digital LEDs. This is a new trend in the market. These digital displays provide real-time feedback.

  • Rapid technological advancements are a key driver for the market. Improved micro-fabrication technologies will continue to improve sensor performance, functionality and reliability. Typical applications include biomedical instrumentation, automobile power and acceleration measurement, etc.
  • Fibre-optic plasmonic sensors is also an advancement in technology, with the utilization of optical fibers in plasmon based sensing, which will provid several advantages in sensing of various physical, chemical and biochemical parameters.
  • Easy deployment with high stability is driving the market as fibre optic pressure sensors are light weight with low profile (typically 145?m in diameter with a polyimide coating) and are corrosion resistant and multiple sensors are easily multiplexed into a single fibre. Fiber optic pressure sensor does not have any disturbance from EMI (Electromagnetic Interference) and RFI (Radio Frequency Interference) which gives an added advantage to the sensor.
  • However, higher cost of product is a major restraint for the market. In the field of biomedical and biomechanical applications cost is a a critical issue as high cost associated with optoelectronic and miniaturized is challenging the market to grow in this sector.



Scope of the Report

Fiber optic pressure sensors are used to provide accurate pressure measurement in harsh environments. Over the past few years, optical fibers have seen significant inroads across various sensor applications owing to their small size and their ability to transmit huge amounts of data. The market offers insights on the application segment, such as automotive, consumer electronics, healthcare, industrial, oil & gas, petrochemical, etc.

Key Market Trends

Oil and Gas Expected to Drive the Market Growth

  • Due to the increasing number of projects approved in the oil and gas sector, the demand for fiber optic pressure sensor equipment is increasing. To meet the need of the measurement in high temperature and high pressure in oil and gas well, an optical fiber pressure sensor based on extrinsic Fabry Perot (F-P) cavity is used which measures long term operation stability and high-temperature resistance.
  • Opsens Solutions OPP series fiber optic pressure transducers are designed to provide accurate pressure measurement in the most adverse conditions. The OPP-M designed for pressure measurement that request very small sensors of 0.250mm OD with outstanding repeatability and demonstrates high fidelity pressure measurement with no phase delay in oil and gas well.
  • Moreover, FiberPoint sensors from Pinnacle are some of the most precise measuring tools that are designed to enter into some of the most hostile environments on Earth. Unlike traditional sensors, FiberPoint sensors have no internal electronics that can fail in extreme environments. This opens new possibilities for measurements in a much broader range of downhole conditions, which will give an opportunity to grow the market.



North America to Account for a Major Share

  • North America is a significantly growing market with the United States accounting for a major share specifically owing to the growth in consumer electronics. Textile-integrated flexible optical fibers for electronic wearable systems are the lightweight structure, insensitive to electromagnetic fields, water and corrosion resistant and due to these benefits, optical fiber based pressure sensors are used in numerous applications to detect chemical or physical change further stimulating adoption of consumer electronics.
  • The use of optical fibers has also increased across the medical and biomedical sector in the United States, such as control of cardiovascular assist, endoscopic imaging, etc, which includes low drift, high accuracy, and insensitivity to light loss factors along the length of the optical fiber. Advancement in technology has led to the emergence of several applications that include research and development, manufacturing, defense, medical and process control, which is leading the market growth.



Competitive Landscape

The fiber optic pressure sensors market is fragmented and the major players have used various strategies such as new product launches, joint ventures, partnerships, and others to increase their footprints in this market in order to sustain in long run. Key players are FISO Technologies, Inc., Honeywell International, Infineon Technologies, etc. Recent developments in the market are -

  • May 2019 - Opsens Inc. offered an advanced optical-based pressure guidewire that aims at improving the clinical outcome of patients with coronary artery disease. Its flagship product, the OptoWire, is a second-generation fiber optic pressure guidewire designed to provide the lowest drift in the industry and excellent lesions access.



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