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Distributed Fiber Optic Sensor Market to Reach $2,325.5 Million by 2030 Owing To Increasing Demand for Real-time Data Analysis | Says Coherent Market Insights




BURLINGAME, Calif., Feb. 12, 2024 /PRNewswire/ — Coherent Market Insights published a report, titled, Global Distributed Fiber Optic Sensor Market By Application(Strain Sensing, Temperature Sensing, Acoustic/Vibration Sensing, Pressure Sensing) By Technology(Rayleigh Scattering Based Distributed Sensor, Brillouin Scattering Based Sensor Raman Scattering Based Sensor, Interferometric Distributed Optical-Fiber Sensor, Distributed Fiber Bragg Grating Sensor) By Vertical(Oil & Gas, Security, Energy & Utility Transportation Infrastructure, Industrial Application), and By Region: Size, Share, Outlook, and Opportunity Analysis, 2023-2030. According to the report, the global distributed fiber optic sensor market was valued at US$ 1,313.7 Mn in 2023 and is expected to reach US$ 2,325.5 Mn by 2030, growing at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030.

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Market Dynamics:

The distributed fiber optic sensor market is expected to experience high growth due to the increasing demand for real-time data analysis. Distributed fiber optic sensors offer the advantage of continuous monitoring across long distances, providing real-time data on various parameters such as temperature, strain, and acoustic/vibration levels. This enables industries such as oil and gas, civil engineering, and power and utilities to detect any changes or anomalies in their infrastructure or operations, allowing for immediate action to be taken.

Another key driver for the market is the growing adoption of distributed fiber optic sensors in the aerospace and defense sector. These sensors are extensively used in aircraft structural health monitoring systems, enabling continuous monitoring of the structural integrity of the aircraft and ensuring the safety of passengers and crew. Additionally, distributed fiber optic sensors are also used in defense applications such as perimeter security and border surveillance.

Distributed Fiber Optic Sensor Market Report Coverage

Report Coverage


Market Revenue in 2023

$1,313.78 million

Estimated Value by 2030

$2,325.5 million

Growth Rate

Poised to grow at a CAGR of 8.5%

Historical Data


Forecast Period


Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Application, By  Technology, By  Vertical

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Restraints & Challenges

• Complexity of integration and data analysis

• Limited awareness and expertise

Growth Drivers

• Increasing demand for real-time monitoring

• Advancements in fiber optic sensing technology

• Increasing investments in infrastructure development


Market Trends:

One of the key trends observed in the distributed fiber optic sensor market is the increasing use of these sensors in the healthcare sector. Distributed fiber optic sensors are being employed in various medical applications such as monitoring patient vital signs, detecting changes in body temperature, and measuring glucose levels in diabetes patients. These sensors offer high accuracy, real-time monitoring capabilities, and non-invasive measurements, making them suitable for medical applications.

Another trend in the market is the integration of distributed fiber optic sensors with artificial intelligence (AI) and internet of things (IoT) technologies. This integration enables automated and intelligent monitoring systems, which can analyze the collected data in real-time, identify patterns or anomalies, and trigger alerts or actions accordingly. This integration allows for predictive maintenance in industrial applications, reducing downtime and optimizing operations.

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Market Opportunities:

The oil and gas industry is a dominating vertical in the distributed fiber optic sensor market. With the increase in exploration activities and the need for monitoring and safety measures in this sector, there is a growing demand for distributed fiber optic sensors. These sensors are used for strain sensing, temperature sensing, acoustic/vibration sensing, and pressure sensing, making them crucial for real-time data acquisition and asset protection in the oil and gas industry. The strain sensing application, in particular, is expected to hold a dominant position in this segment due to its ability to monitor structural integrity and detect any potential failures.

Another market opportunity lies in the adoption of distributed fiber optic sensors in security applications. With the increasing need for advanced surveillance systems and secure perimeters, distributed fiber optic sensors offer unique advantages. These sensors can detect intrusions, monitor fence lines, and provide continuous surveillance over large distances. They can be integrated with existing security systems, enabling real-time monitoring and immediate alarm notification. As security concerns continue to rise, the demand for distributed fiber optic sensors in this vertical is anticipated to grow significantly.

Key Developments

In March 2023, Yokogawa Electric and Otsuka Compound(Yokogawa Electric Corporation is a global leader in industrial automation and control solutions and Otsuka Compound Co., Ltd. is a renowned manufacturer of advanced materials and components. They specialize in the development and production of optical fibers and fiber optic components, including sensors.) announced the establishment of a new company called Syncrest Inc. This joint venture aims to engage in the exploration, development, and manufacturing of core molecular drugs as a collaborative research, development, and manufacturing organization. Syncrest Inc. will focus on the investigation, creation, and production of innovative molecular drugs, leveraging the expertise and resources of both Yokogawa Electric and Otsuka Compound.

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Key Market Takeaways: 

Distributed Fiber Optic Sensor Market is anticipated to witness a CAGR of 8.5% during the forecast period 2023-2030, owing to the growing demand for these sensors in various verticals.

On the basis of application, the strain sensing segment is expected to hold a dominant position. This is due to its wide range of applications in monitoring structural integrity and detecting potential failures. In terms of technology, the Rayleigh scattering-based distributed sensor is dominating the market, offering high accuracy and reliability. From a vertical perspective, the oil and gas industry is the key market for distributed fiber optic sensors, given its need for asset protection and real-time data acquisition.

On the basis of region, the North American region is expected to hold a dominant position over the forecast period. This can be attributed to the rapid adoption of these sensors in various industries, including oil and gas, security, and transportation infrastructure, among others.

Key players operating in the Distributed Fiber Optic Sensor Market include OSENSA Innovations Corp., AFL, SOLIFOS AG, Schlumberger Limited, FISO Technologies Inc., and Yokogawa Electric Corporation. These companies are focused on research and development activities to enhance the functionality and performance of distributed fiber optic sensors. With increasing market opportunities, these key players are likely to witness significant growth in the coming years.

Overall, the distributed fiber optic sensor market presents promising opportunities in the oil and gas industry, as well as security applications. The market is expected to witness steady growth, driven by the demand for real-time monitoring, asset protection, and enhanced surveillance systems. As technology continues to advance, the adoption of distributed fiber optic sensors is likely to increase across various industries, offering ample growth prospects for key players in the market.

Read complete market research report, “Distributed Fiber Optic Sensor Market By Application, By Technology, By Vertical, By Geography, Market Size And Share Analysis – Growth Trends And Forecasts 2024-2031“, Published by Coherent Market Insights.

Detailed Segmentation:

Global Distributed Fiber Optic Sensor Market, By Technology

    • Rayleigh Scattering Based Distributed Sensor
    • Brillouin Scattering Based Sensor
    • Raman Scattering Based Sensor
    • Interferometric Distributed Optical-Fiber Sensor
    • Distributed Fiber Bragg Grating Sensor

Global Distributed Fiber Optic Sensor Market, By Application

    • Strain Sensing
    • Temperature Sensing
    • Acoustic/Vibration Sensing
    • Pressure Sensing

Global Distributed Fiber Optic Sensor Market, By Vertical

    • Oil & Gas
    • Security
    • Energy & Utility
    • Transportation Infrastructure
    • Industrial Application

Global Distributed Fiber Optic Sensor Market, By Region:

North America

  • U.S.
  • Canada

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America


  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific

Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of Middle East & Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights


US: +1-206-701-6702
UK: +44-020-8133-4027
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India: +91-848-285-0837

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Bybit’s P2P Platform Sets New Standards for Crypto/Fiat Swaps and Zero Fees




DUBAI, UAE, Feb. 23, 2024 /PRNewswire/ — Bybit, one the world’s top three crypto exchanges by volume, is proud to announce the introduction of a zero-fee structure for its peer-to-peer (P2P) trading platform, a move set to revolutionize the P2P market.

This innovative policy, applicable to all fiat trading pairs on the platform, is designed to enhance brand visibility in the Malay market and underscores Bybit’s unwavering commitment to safety and customer satisfaction.

At the heart of Bybit’s P2P platform is a robust escrow service, ensuring that the crypto amount in a seller’s ad is securely locked during transactions to protect buyers from potential scams. “Our priority has always been the safety and satisfaction of our users,” said Ben Zhou, co-founder and CEO. “With our zero-fee P2P trading platform we are nurturing a secure ecosystem where our community can trade with peace of mind.”

The platform’s dedication to security is matched by its comprehensive customer support system. Traders are encouraged to report any suspicious activity, with Bybit’s support team standing by to resolve disputes and ensure fair play. This commitment is further bolstered by continuous system enhancements, and stringent risk control measures.

Bybit’s P2P platform offers a user-friendly interface across both mobile and web platforms, making it convenient for users to swap fiat and crypto pairs. With over 570 payment methods and support for more than 60 local currencies, coupled with a simple three-step trading process, Bybit is setting a new standard for efficiency and accessibility in the cryptocurrency trading space.

“By introducing a zero-fee structure and reinforcing our platform with top-notch safety features, we aim to empower traders and promote a culture of transparency and collective trust within our vibrant community,” Zhou added.

#Bybit / #TheCryptoArk

About Bybit

Bybit is one of the world’s  top three crypto exchanges by volume with 20 million users. Established in  2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
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J&T Express Sees Strong Growth in Lunar New Year, Showcasing Advantageous Southeast Asia Logistics Network




HONG KONG, Feb. 23, 2024 /PRNewswire/ — J&T Express, a global logistics service operator, announced the company has achieved significant enhancements in parcel volume and delivery efficiency across several key markets in China and Southeast Asia during the recent Lunar New Year, attributing to the company’s continuous operational capacity improvements and early preparations for the holiday season.

Data of J&T Express reveals that over the Lunar New Year period, its average daily parcel delivery time in China improved by approximately 5% compared to the previous year, while the average daily delivery rate increased by approximately 17% year-on-year. In Singapore, there has been an 81% year-on-year increase in its parcel volume, alongside a 9% improvement in average delivery time efficiency. Similarly, in Malaysia, its parcel volume surged by approximately 54% year-on-year.

In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries. With the global popularity of e-commerce, ensuring reliable logistics services during the holiday season has become increasingly critical for businesses and consumers alike. As the largest courier service provider in Southeast Asia, J&T Express plays a vital role in meeting this demand.

With the company’s extensive and comprehensive logistics network across multiple countries, coupled with its year-round collaboration with e-commerce platforms and expertise in operating during the Lunar New Year in the Chinese market, J&T Express has significantly bolstered its hardware and personnel and updated the delivery fleet in key markets to meet the challenges of delivering shipments during the holiday season.

For instance, J&T Express Vietnam added over 3,000 delivery personnel before the Lunar New Year, and upgraded more than 100 service points, expanding the operational area by over 7,000 square meters. Additionally, at the end of December 2023, J&T Express Vietnam officially received 140 new trucks from THACO AUTO.

According to a forecast by the Ho Chi Minh City’s Department of Industry and Trade, seasonal purchases are expected to grow by more than 11% in 2024, and the growth trend of social commerce will continue as well. Against the backdrop of a thriving online shopping landscape, the demand for delivery services presents both opportunities and challenges. Recognizing the potential, J&T Express Vietnam has strategically improved and enhanced its service quality to meet the evolving demands. The recent upgrade of the company’s truck fleet not only reflects the company’s clear goal of improving the quality of its transportation services but also helps the company meet the growing demand for deliveries during the holiday season, creating significant benefits for its customers with guaranteed service quality and capacity. With unwavering confidence in the market’s prosperity and a customer-centric approach, J&T Express is poised to seize growth opportunities in Vietnam and is actively accelerating its market capture. It will continue to expand its logistics network and transit centers to ensure optimal operational processes and improve user experience and service quality.

J&T Express is a global logistics service provider. According to Frost & Sullivan, J&T Express was the No. 1 express delivery operator in Southeast Asia by parcel volume in 2022 and had the highest market share in China. The company adopts an innovative business model that combines unified standards with a high degree of regional autonomy. This model balances service quality and flexible decision-making, reduces costs, and enables localized and efficient development in each market. With its self-developed JMS system, J&T Express is able to integrate and manage the full lifecycle of shipments, from order placement and collection to settlement, ensuring efficient operations in each market.

J&T Express has further expanded its express delivery business to five countries in Latin America, the Middle East, and North Africa, building upon its successful operations in China and Southeast Asia. Currently, the company provides express delivery services in 13 countries worldwide.

Looking ahead, J&T Express is committed to enhancing its global logistics network while continuously improving service quality and operational efficiency. The company is eager to establish collaborative partnerships with new industry leaders to deliver high-quality logistics solutions for customers worldwide.

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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United Imaging Showcases AI-Driven Innovations and Expands European Presence at ECR 2024




VIENNA, Feb. 23, 2024 /PRNewswire/ — United Imaging, a global leader in medical technology, is showcasing its full portfolio of AI-empowered innovations at the European Society of Radiology (ECR) 2024 in Vienna, Austria.  The company highlights its significant EU growth since establishing its regional headquarters in Poland in 2019.

Dr. Al Zhang, Ph.D, Chairman & Co-CEO of United Imaging, stated, “The theme of this year’s ECR, ‘next-generation radiology,’ aligns seamlessly with our innovation philosophy. We’re not just thinking about today; we’re actively shaping the future. At United Imaging, all our innovations are AI-driven, enhancing clinical workflows and supporting diverse scenarios, solidifying our commitment to delivering value to the global medical community. Our future-ready innovation strategy has propelled us to significant global growth.”

Lukasz MIZERKA, vice president of United Imaging international business and general manager for Europe, added, “Last March, we held our first brand launch at ECR, officially introducing our passion for change to the European market. During the year, we achieved swift progress, extending our footprint to numerous European countries with our high-end equipment, serving as testament to the resonance of our mission of bringing ‘equal healthcare for all’. This year marks both our second ECR and fifth year in Europe, and we’re going to present our full portfolio of groundbreaking products and numerous world-first innovations to showcase our confidence and persistence in Europe. We eagerly await everyone to witness our changes and embrace the bright future ahead.”

In five years, United Imaging has introduced hundreds of systems and reached 16 European countries, offering efficient and professional service. Globally, United Imaging’s products have reached more than 12,000 institutions in over 60 countries, including the U.S., France, Italy, Japan, Korea, and the UAE. Also, the company’s top-tier technologies have led to collaborations with prestigious institutions such as Yale University, UC Davis, Washington University in St. Louis, and University of Texas.

Highlighting the growth at ECR 2024, United Imaging will feature the uMR Jupiter 5T (not CE marked in EU) at ECR 2024, a revolutionary whole-body 5T MRI system. The world’s first whole-body ultra-high field 5T MR, the uMR Jupiter 5T, is a revolutionary whole-body 5T MRI system. It transcends the traditional constraints of ultra-high-field MRI, previously confined to imaging of the brain and selected MSK joints. The potential applications of the uMR Jupiter 5T extend to encompass not only the brain and MSK, but also the abdomen, cardiac, pelvis and other additional anatomical regions. The uMR Jupiter 5T has the potential to eclipse the capabilities of standard 3T MRI machines in resolution and signal-to-noise ratio, delivering clarity that empowers radiologists to ‘see the unseen.’ The uMR Jupiter 5T is also designed to overcome the key hurdles of ultra-high field MRI: image uniformity and radio frequency safety. It fits into existing 3T MRI spaces, signaling a significant advancement in the industry.

Pioneering the digital transformation of medical imaging, the booth will also feature AI platforms for the full portfolio of innovations. The uAIFI is an end-to-end technology platform that revolutionarily enhances MRI with AI-integrated hardware and software, significantly improving image quality and expediting diagnostic processes while enhancing user-friendliness. Pioneering with care, the uAIFI offers a holistic approach across the care continuum. Standout features include ACS, the AI-assisted MR acceleration technology designed to enhance both 2D and 3D imaging, and EasySense respiratory gating and monitoring, offering a unique, belt-free experience for patients while simultaneously streamlining the workflow for healthcare professionals, redefining the image quality standard. Evolving intelligently, this future-oriented, human-centered platform undoubtedly brings a new level of AI integration to uMR systems. In tandem with uMI scanners, uExcel is a multi-dimensional molecular imaging technology platform. It aims to meet the advanced demands for functionality, usability, safety, stability, and scientific research. Combined with uExcel UDP, the ultra-digital-platform detector, uExcel SCAN, the smart scanning toolset, uExcel CARE, the AI reconstruction engine, uExcel QA, the efficient quality control system and uExcel EXPLORE, the suite for scientific research, this platform empowers the exploration with ease and innovation both today and tomorrow, promising a more comfortable experience for patients, and a more effective workflow for doctors. Furthermore, the uVera Technology empowers the DSA system with intuitively bionic ability by intelligence-driven robotics, perception, and imaging. And the All-In-One Solution redefines radiotherapy workflow efficiency from CT simulation to treatment delivery.

Adhering to the “Born with AI” philosophy and aligning with the theme of this year’s ECR, “Next Generation Radiology,” United Imaging Intelligence (UII), an AI company within the United Imaging Group’s portfolio, will demonstrate how the fusion of AI is revolutionizing healthcare, highlighting the company’s comprehensive approach to innovation. At the company’s booth this year, UII is poised to showcase its latest medical AI technological breakthroughs, including groundbreaking AI applications of large medical image models and surgical planning, as well as a full spectrum of medical AI solutions across neurology, cardiology, thoracic care, and oncology.

In terms of novel AI applications, UII will unveil the uAI SAT, a smart annotation tool powered by the large medical image model, as well as the next generation of uAI Pioneer Portal, which is equipped with a goggle-less 3D monitor controlled by hand gestures. The audience will experience advancements in 3D surgical planning for thoracic, hepatobiliary, and urological surgeries. Additionally, with a wide array of clinical solutions, UII will also present its support throughout the entire clinical workflow from imaging and prevention to diagnosis, treatment, follow-up assessment, and research.

Aiming at propelling radiology into a new era of transformation, UII has deployed its innovative products in over 3,000 medical institutions worldwide and formed research and product collaborations in Europe, remaining steadfast in further expanding development and partnerships across the globe, thus universally enhancing medical AI accessibility.

(Notes: Products and features mentioned herein may not be commercially available in all countries. Their future availability cannot be guaranteed.)

Attendees of the ECR are welcome to explore the forefront of radiology at booth 401 – Expo X4, where United Imaging persists in connecting innovation with patient well-being through cutting-edge technologies.

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