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Global Fiber Optic Sensor Market 2014-2018

C&M: Global industry for fiber optic sensors to be driven by growing demand for crack monitoring in concrete structures


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2014-03-18 08:19:03 - Global Fiber Optic Sensor Market 2014-2018 - a new market research report on companiesandmarkets.com

The Global Fiber Optic Sensor market is forecast to grow at a CAGR of 10.3 percent for the period 2013-2018. Several driving factors and trends will contribute to this growth.

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.

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