Millions in fibre optic sensors

In-Depth

According to an upcoming report, total worldwide revenues for fibre optic sensors are projected to increase from a current estimate of $288.1 million to $304.3 million in 2006.

According to an upcoming report from

, total worldwide revenues for fibre optic sensors are projected to increase from a current estimate of $288.1 million to $304.3 million in 2006.

Revenues are expected to increase at a modest average annual growth rate (AAGR) of 4.1% to $371.8 million by 2011. The moderate growth rate reflects the challenging status of fibre optic sensors over the next five years.

According to the report, the promise of the technology is still great, but the initial rush to fund research is over with significant challenges remaining. To move beyond the status of niche application, fibre optic sensors must drop in price significantly. The market is divided into the two broadest categories of sensors, extrinsic and intrinsic.

Extrinsic sensors are used in telecommunications to monitor the status and performance of the optical fibres within a network. In 2005, extrinsic sensor revenues are estimated at $214.8 million. This market segment is forecast to increase at an average annual rate of 4.1% until 2011, when extrinsic sensor revenues will be $274.4 million.

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