Fiberoptic sensors market to reach $200 million next year

At the 17th Annual Newport Conference on Fiberoptics Markets (Newport RI), Sandra Reynolds, president of Fiber SenSys Inc. (Beaverton, OR), projected increased spending for fiberoptic sensor systems, growing to $200 million next year and reaching $1 billion by century`s end. The price of optical components, including detectors, lasers, fibers, and related hardware, will account for roughly half of the estimated cost of system components in 1995, or $30 million. In five years, the price of optical components may rise to 75% of the estimated $300 million cost of system components.