Global Fiber Optic Sensors Market to Cross $650 Million by 2010, According to New Report

San Jose, California (PRWEB) June 28, 2007 -- A new report released by Global Industry Analysts, Inc., "Fiber Optic Sensors: A Global Strategic Business Report", provides a comprehensive review of the prevailing trends, opportunities, demand forecasts, product overviews, players, and competition. The report offers detailed company profiles and enumerates recent developments, mergers, acquisitions and other strategic industry activities. The study also analyzes market data and analytics in value sales for regions such as North America, Europe, Asia-Pacific, and Rest of World by the following product segments - Extrinsic Fiber Optic Sensors and Intrinsic Fiber Optic Sensors.

Fiber optic sensors are used in telecommunications, defense and aerospace, test & measurement, bio-medical, automotive, chemical, manufacturing, medicine, and various other industries. Fiber optic sensor (FOS) is a derivative of fiber optic research and development (R&D). The fiber optic sensors market is expected to register high demand over the next decade. Things are set to change in the coming years with many companies realizing the true impact of fiber optic sensors across various industries and taking up research projects related to fiber optic sensors. United States is the largest fiber optic sensors market in the world and was estimated at about US$155 million in the year 2006. Asia-Pacific is the fastest growing region and is projected to reach US$190 million by the year 2009. Extrinsic fiber optics market (http://www.strategyr.com/MCP-1781.asp), the largest product segment, is projected to cross US$339 million by the year 2008.

The Chinese fiber optic sensors market is the second largest in the world after United States. The industry accounts for more than 39% of the total Asia-Pacific (including Japan) fiber optic sensors market (http://www.strategyr.com/MCP-1781.asp) revenues. With heavy investments in the country's manufacturing sector and increasing number of foreign companies setting up manufacturing facilities, fiber optic sensors market is expected to find more usage in the future.

Defense/Aerospace and Telecom, two of the largest end-use segments of fiber optic sensors, are expected to be the major revenue generators for fiber optic sensors. Defense/Aerospace end-use market is projected to account for sales of over US$286 million by 2009. Automotive is another end-use segment that is projected to pose the highest growth rate over the forecast period 2001-2010. Increasing competitiveness in the industrial market and demand for sophisticated sensors is forcing several manufacturers to develop new methods of developing fiber optic sensors that would reduce costs and enhance profit margins. Continuous developments in properties and features of fiber optic sensors are expected to drive growth. The need for new and better sensors by end users is one of the major reasons expected to drive development of these sensors.

Major players dominating the global fiber optic sensors market include Agilent Technologies, Avantes B.V., Baumer Electric AG, Blue Road Research, Davidson Instruments, EXFO, Fiber Optic Systems Technology, FISO Technologies, Halliburton Company, Highwave Optical Technologies, Hitachi Cable, Honeywell Sensing and Control, KVH Industries, Micron Optics, NxtPhase T&D Corporation, O/E LAND, Ocean Optics, Photonics Laboratories, Prime Photonics?, Sabeus Sensor Systems, Sensornet, Schlumberger Limited, Tubel Technologies, and Weatherford International.

For more details about this research report, please visit www.strategyr.com/MCP-1781.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

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Web Site www.StrategyR.com

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