Distributed Fiber Optic Sensor Market Size, Forecast 2030
The global Distributed Fiber Optic Sensor market is expected to reach USD 2500 million by 2030, at a CAGR of 6.4% during the forecast period 2022 to 2030. This is due to two factors: the growing demand for optic sensing, which is used extensively across a variety of industries, including the automotive, aerospace, civil, and energy sectors; and the rising offshore drilling activities combined with high investment done to discover new oil and gas reserves.