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.
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