|By Business Wire||
|December 20, 2013 03:07 PM EST||
Research and Markets (http://www.researchandmarkets.com/research/62ww6p/global_fiber) has announced the addition of the "Global Fiber Optic Sensor Market 2014-2018" report to their offering.
The author forecasts the Global Fiber Optic Sensor Market to grow with a CAGR of 10.3 percent for the period 2013-2018. Several driving factors and trends will contribute to this growth, all of which will be outlined with detail in this report.
The analysts use a unique methodology to scrutinize individual vendor performance, trends, drivers and challenges, and a number of other factors to provide the most accurate and detailed market research reports possible.
A more specific breakdown of this report's contents is below.
More specific breakdown of the market share for the following countries:
Overview and impact analysis of:
- 4 Market Drivers
- 4 Market Challenges
- 3 Market Trends
Market Shares and SWOT Analysis for these vendors:
- Banner Engineering Corp.
- ifm Efector Inc.
- OMRON Corp.
- Sick AG
Commenting on the report, an analyst from the team said: The increasing demand for sophisticated functionalities in industrial applications, has led to rapid technological advancement in terms of the provision of an efficient and high-quality service for end-users. Technological advancement has led to the development of ultra-miniaturized and power-efficient fiber optic sensors. This trend has led to the development of advanced fiber optic sensors that are highly reliable and robust. This trend has contributed to the positive growth of the market.
According to the report, the growth of the Global Fiber Optic Sensor market is driven by several factors, one of which is the growing demand for crack monitoring in concrete structures. Fiber optic sensors are considered to be the most effective in monitoring cracks and can easily detect minute errors in the range of 0.15 to 0.2 mm in concrete structures.
For more information visit http://www.researchandmarkets.com/research/62ww6p/global_fiber
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