Distributed Fiber Optic Sensor Market Is Likely To Up Demand At A USD 2.27 Billion By 2028
San Francisco, 16 June 2021: The Report Distributed Fiber Optic Sensor Market Size Share & Trends Analysis Report By Vertical (Oil & Gas, Industrial), By Technology (Raman Effect, Rayleigh Effect), By Application, By Region, And Segment Forecasts, 2021 - 2028 The global distributed fiber optic sensor market size is expected to reach USD 2.27 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 8.4% from 2021 to 2028. Factors, such as significant demand from the civil engineering vertical and rising adoption in the oil & gas sector, boost product adoption. Fiber optics can withstand rough handling, such as in pipes, streams, and reactors, where manual inspection is not feasible. Furthermore, they help in structural health monitoring at dangerous workplaces and can also be used for border security purposes to prevent intrusion. Thus, its high durability and ability to withstand a challenging environment