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Predictions Made for Fiber Optic Sensor Industry

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Global revenues for fiber optic sensors are projected to rise to $304.3 million in 2006, from a current estimate of $288.1 million, according to a report from Business Communications Co. Inc. of Norwalk, Conn. The updated document, “RG-116N Fiber Optic Sensors,” suggests that revenues will increase at an average annual growth rate of 4.1 percent to $371.8 million by 2011. It further indicates that, to move beyond the status of niche applications, the sensors must drop in price significantly. Estimated at $214.8 million in 2005, the market for extrinsic sensors, which are used in the...Read full article

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    Published: November 2005
    BusinessCommunicationsdefensefiber optic sensorslight speedSensors & Detectorstelecommunications industry

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