Fiber Sensors, Optical Splitters Markets Poised for Solid Growth
4 March 2014
The market for fiber optic point sensors and distributed continuous fiber (DCF) optic sensors is on a strong growth trajectory, which is evident from the $1.89 billion in sales achieved globally in 2013. According to a market report by ElectroniCast Consultants, sales will continue to improve in the years ahead, seeing growth of 18% annually to reach $4.33 billion in 2018.
The researcher also published its predictions for the planar lightwave circuit (PLC) splitter market, which generated sales of $529.6 million last year. As the devices allow a single passive optical network interface to be shared among many subscribers, ElectroniCast Consultants believes that their importance for the fiber-to-the-home market will continue to increase.
The research indicates that military, aerospace and security applications will remain the category showing the strongest demand for DCF sensors this year. The petrochemical and energy sector will be the second-biggest market, but demand from the engineering and construction industry will also improve. Interest in the technology will be driven by businesses' increasing need for more precise measurement tools that are faster and more accurate and help perform better in-process measurement of moving objects at low cost. The researcher predicts that the average consumption value of DCF sensors will rise by 23% annually to $3.1 billion in 2018.
As regards splitters, ElectroniCast Consultants said that the PON-based FTTH network application will be the main category pushing growth in the market in 2014. The Asia-Pacific, in particular, is expected to record the strongest improvement in component-level PLC splitters, at 15% per year through 2018, followed by Europe, the Middle East and Africa (EMEA), with 7% growth, and the Americas, with growth of around 1%.