Press release
Fiber Bragg Grating Market to Grow at a CAGR of 25.7% to reach US$ 7,435.3 Million by 2028
Fiber Bragg Grating Market
The sensing capabilities of the fiber bragg grating technology have enabled various end users to streamline their operational processing. The sensing capability allows tracking of the particular node or point where deviation or change has been observed. The fiber bragg grating is also widely used in wind turbines for identifying any variations in the set momentum of the blade. Any irregular change in the speed of the wind turbine blade may be a potential sign of a major or minor defect, which could affect the overall energy-generating capability of a wind turbine. Fiber bragg grating technology can sense such deviations effectively.
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Impact of COVID-19 Pandemic on Fiber Bragg Grating Market:
The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicle and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in the lesser production of commodities, goods, and services. Manufacturing, automotive, electronics & semiconductor, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. The FBG market players also experienced a decrease in volumes because the manufacturing facilities had a limited workforce.
Company Profiles:
AOS GmbH
Alnair Labs Corporation
FBGS Technologies GmbH
HBM Fibersensing S.A.
ITF Technologies
Ixblue Photonics
Micron Optics
Proximion AB
Technica
TeraXion
Based on application, the fiber bragg grating market is categorized into sensing, measuring, and monitoring & others. The sensing segment held the largest share in 2020. Similarly, based on industry, the fiber bragg grating market is segmented into telecommunication, aerospace, energy and utilities, transportation, and others. The telecommunication sector dominated the market in 2020. Fiber bragg grating is one of the major technologies used in the telecommunication industry to deploy optical networks.
Moreover, fiber bragg grating has significant applications in test and measurement equipment used in the telecommunication industry. Further, fiber bragg grating is used as wavelength reference components. Moreover, with the increasing importance of communication across the globe, the telecom infrastructure is growing significantly, which is subsequently driving the fiber bragg grating market.
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The global fiber bragg grating market has been segmented as follows:
Global Fiber bragg grating Market - by Type:
FBG Sensor
FBG Filter and others
Global Fiber bragg grating Market - by Application:
Sensing
Measuring
Monitoring and others
Global Fiber bragg grating Market - by Industry:
Telecommunication
Aerospace
Energy and Utilities
Transportation
Others
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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