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Fiber optic sensors market seen hitting $1.6 billion mark

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Caren B. Les, [email protected]

The US fiber optic sensors market is expected to reach $1.6 billion in 2014, up from $235 million in 2007 with a compound annual growth rate of 30 percent, according to a fall 2008 technical market report from BCC Research titled “Fiber Optic Sensors” (Report code: IAS002D). In 2007, the intrinsic fiber optic sensors market, generating $170 million, was larger than the extrinsic segment. With an annual growth rate of 35 percent, the intrinsic market is expected to jump to $1.4 billion by 2014. The extrinsic market segment is projected to increase in value from $65 million in 2007 to $219...Read full article

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    Published: December 2008
    biomedical applicationsBusinessCommunicationsElectronic Sensorsfiber optic sensorslight speedSensors & Detectors

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