【gas sensor manufacturers】China's fiber optic sensor industry is in the initial stage | en.ofweek.com

(OFweek) - As one of vitally important part of Internet of Things, fiber optic sensor always causes much attention because of its advantages and applications. In 2013, the global fiber optic sensor market generated US$1.89 billion. It is estimated that the market will increase at a growth rate of 18% annually and reach US$4.33 billion in 2018.

In terms of optical fiber sensing technology, the U.S. takes the leading in studying the technology and it also has the most advanced technology in the world. According to the statistic data, American fiber optic sensor market scale reached US$235 million in 2007. Since then, it has increased with 22% annual compound growth, which is expected to reach US$1.6 billion by the end of 2014.
Compared with the U.S., China's fiber optic sensor industry is still in the initial stage. Up to the end of 2013, there are more than 260 sensor manufacturers with the industry scale of US$20 million or more, the statistic data show. However, nearly 70 percent enterprises are small companies that mainly aim at low end products. A few giant enterprises and foreign companies occupy the high-end market.
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Source： http://global.ofweek.com/news/China-s-fiber-optic-sensor-industry-is-in-the-initial-stage-21296