Commenting on the report, an analyst from TechNavio’s Hardware team said, “Fiber optic sensors are being developed with increased sensing capabilities and smaller size. With the increase in globalization, several companies are adopting fiber optic-based sensors for increased efficiency.”
According to the report, fiber optic sensors play an important role in the seamless flow of operations in industries working with high-temperature environments. With the ever-increasing number of vehicles and the need for more power and energy resources, several oil and gas companies are increasing their operations to meet the demand. These oil and gas plants have several applications that pertain to higher temperature operations. Thus to increase the overall performance of the plant and pertaining to safety, several organizations are installing fiber optic sensors to leverage the advantages of high heat bearing capabilities.
The report also discusses the increasing concerns about the short lifespan of fiber optic cables which is affecting the deployment of these sensors.
The study was carried out using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio is the market research platform of Infiniti Research publishing periodic reports on multiple areas of niche and emerging technologies. For further information, please visit http://www.technavio.com/
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