Global Fiber Bragg Grating (FBG) Market Share Is Expected to Grow At A CAGR Value Of Around 23.9% By 2028

22-Jul-2022 | Facts and Factors

According to Facts and Factors, the global Fiber Bragg Grating (FBG) Market size was valued at USD 1428.4 million in 2021 and is predicted to increase at a CAGR of 23.9% to USD 5167.4 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

Fiber Bragg Grating is primarily a strain and temperature sensor, and it is thus used to collect load, temperature, strain, tilt, vibration, pressure, and displacement measurements. In both dynamic and static modes of operation, it also aids in the detection of a variety of biological, chemical, and industrial compounds. Because of their features like as direct absolute measurement, unique wavelength multiplexing capability, and nonconductivity, FBGs are becoming more widely used in a variety of applications. They're also electrically inert and resistant to EMI-induced noise. Because of the rising demand for effective sensors capable of detecting several physical characteristics such as temperature, pressure, and acoustic waves in any given environment, the FBG market is likely to rise at a faster rate over the forecast period.

Browse the full “Fiber Bragg Grating (FBG) Market By Type (FBG Sensor, FBG Filter and others), By Application (Sensing, Measuring, Monitoring and others), By Industry (Telecommunication, Aerospace, Energy and Utilities, Transportation, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/fiber-bragg-grating-fbg-market

The aircraft sector is known for its harsh and complicated operating environment, so selecting a sensor that can resist such extremes while also delivering the requisite accuracy, reliability, precision, and repeatability is critical. Furthermore, in aircraft protection systems, fiber optic technology configures easier and faster solutions for aircraft manufacturers to install more reliable and lighter weight solutions in order to measure and monitor the temperature along the aircraft bleed air ducts, control valves, and in critical areas of the plane. Additional uses for fiber bragg grating include civil and geotechnical engineering, energy generation, conversion, and storage, security and perimeter monitoring, commercial transportation, performance boats, vehicles, and equipment, and medical and biotech. With the growing number of applications for fiber bragg grating around the world, their acceptance rate is also increasing, propelling the market forward.

Segmental Overview

By Type, the global market is distinguished into FBG Sensors and FBG Filter, and others. Sensors have revolutionized the supply chain of a variety of sectors, since the technology has substantially decreased human labor, enhanced accuracy, and saved a significant amount of time. Furthermore, technological advancements cleared the stage for automation. The majority of sensors are electric sensors, which require electricity and are susceptible to electromagnetic waves, which can cause the sensor to fail. The distributed bragg reflector architecture of fiber bragg grating sensors reflects a certain wavelength of light. Temperature, tension, and pressure variations can all be detected with these sensors.

By Application, the global is segregated into Telecommunication, Aerospace, Energy and Utilities, Transportation, and Others. The Aerospace Industry is Expected to Grow Significantly. The aircraft sector is known for its harsh and complicated operating environment, so selecting a sensor that can resist such extremes while also delivering the requisite accuracy, reliability, precision, and repeatability is critical. Furthermore, in aircraft protection systems, fiber optic technology configures easier and faster solutions for aircraft manufacturers to install more reliable and lighter weight solutions in order to measure and monitor the temperature along the aircraft bleed air ducts, control valves, and in critical areas of the plane.

Regional Overview

North America is expected to grow at a rapid pace. The market for fiber Bragg grating sensors in the North American region is being driven by stringent government rules surrounding passenger safety and the region's rapidly increasing aerospace sector. Due to rising economies, the Asia Pacific grew at the quickest rate during the projection period. With its low cost of raw materials and large production facilities, China has a lot of promise for fiber bragg grating. Increased internet usage in countries like Japan, South Korea, China, and India is credited with the region's dominance. Furthermore, the region's rising industrialization is fueling the expansion of the fiber bragg grating industry.

Report Scope

Key Players Insights

The report contains qualitative and quantitative research on the global Fiber Bragg Grating (FBG) Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Some of the major companies operating in the fiber bragg grating (FBG) market are AOS GmbH, Alnair Labs Corporation, FBGS Technologies GmbH, HBM Fibersensing S.A., ITF Technologies, Ixblue Photonics, Micron Optics, Proximion AB, Technica, TeraXion, and others.

The Global Fiber Bragg Grating (FBG) Market is segmented as follows:

By Type

• FBG Sensor
• FBG Filter and others

By Application

• Sensing
• Measuring
• Monitoring and others

By Industry

• Telecommunication
• Aerospace
• Energy and Utilities
• Transportation
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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