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Fiber Bragg Grating Market worth $3.91 billion by 2030, growing at a CAGR of 8.04% - Exclusive Report by 360iResearch
Fiber Bragg Grating Market | 360iResearch
The Global Fiber Bragg Grating Market to grow from USD 2.27 billion in 2023 to USD 3.91 billion by 2030, at a CAGR of 8.04%.
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Fiber Bragg grating (FBG) is a microstructure consisting of selective modulation of the refractive index of the underlying glass material within the core of an optical fiber. The period modulation inscribed into the glass of each Fiber Bragg grating reflects light of a specific wavelength and selectively transmits all other wavelengths. The optical selectivity in the light transfer is the rising need for fiber grating sensors to measure multiple physical parameters such as temperature & pressure to provide faster telecommunication services. The increasing application of optic fiber technology in industrial and biomedical industries, such as structural health monitoring (SHM) applications, contributes to market growth. However, the market is concerned with high manufacturing costs, maintenance costs, and thermal instability issues of FBG sensors. Moreover, the ongoing advancements in manufacturing and new developments in fiber Bragg grating sensors and their rising adoption in power systems and smart grids are expected to surge product demand, creating opportunities for market growth in the forecast period.
The Asia-Pacific region is expected to experience tremendous growth in product demand due to significant usage in end-user industries and ongoing research activities for deploying fiber Bragg grating sensors in robotics and healthcare during the forecast period. Numerous vendors in the EMEA region have increased the fiber Bragg grating market size by expanding the scope for optical sensor production and exports worldwide. Additionally, significant government initiatives for continuous telecom infrastructure development and automation in the United States have increased the use of FBGs. The growing deployment of 5G networks for faster speed, better performance, lower latency, and reliable service across the globe may augment the usability of fiber Bragg gratings sensors in the projection period.
Market Segmentation & Coverage:
This research report categorizes the Fiber Bragg Grating Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Fiber Bragg Grating Filter and Fiber Bragg Grating Sensors. The Fiber Bragg Grating Sensors commanded largest market share of 53.02% in 2023, followed by Fiber Bragg Grating Filter.
Based on Grating Type, market is studied across Regenerated Gratings, Standard Type I Gratings, Type IA Gratings, Type II Gratings, and Type IIA Gratings. The Standard Type I Gratings commanded largest market share of 31.66% in 2023, followed by Type IIA Gratings.
Based on Application, market is studied across Aerospace & Defence, Energy & Utility, Geo-Technical Services, Oil & Gas, Telecommunication, and Transportation. The Telecommunication commanded largest market share of 30.82% in 2023, followed by Geo-Technical Services.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.08% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Fiber Bragg Grating Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Fiber Bragg Grating Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Fiber Bragg Grating Market, highlighting leading vendors and their innovative profiles. These include Advanced Optics Solutions GmbH, Advanced Photonics International, Inc., Alnair Labs Corporation, AtGrating Technologies Co., Ltd., Cleveland Electric Laboratories, Com&Sens BVBA, engionic AG, Exail Technologies, FBG KOREA, Inc., FBGS Technologies GmbH, Fisens GmbH, FLT, Inc., Halliburton Company, Hexatronic Group AB, Hottinger Brüel & Kjær A/S, Humanetics Innovative Solutions, Inc., I.D.I.L. SAS, Ibsen Photonics A/S, ITF Technologies Inc., Luna Innovations Incorporated, National Instruments Corporation, O/E Land Inc., OFS Fitel, LLC, Optromix, Inc., Polytec GmbH, Raysung Photonics Inc., Technica Optical Components, LLC, Tempsens Instruments (I) Pvt. Ltd., TeraXion Inc., and Timbercon, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Fiber Bragg Grating Market, by Type
7. Fiber Bragg Grating Market, by Grating Type
8. Fiber Bragg Grating Market, by Application
9. Americas Fiber Bragg Grating Market
10. Asia-Pacific Fiber Bragg Grating Market
11. Europe, Middle East & Africa Fiber Bragg Grating Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Fiber Bragg Grating Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Fiber Bragg Grating Market?
3. What is the competitive strategic window for opportunities in the Fiber Bragg Grating Market?
4. What are the technology trends and regulatory frameworks in the Fiber Bragg Grating Market?
5. What is the market share of the leading vendors in the Fiber Bragg Grating Market?
6. What modes and strategic moves are considered suitable for entering the Fiber Bragg Grating Market?
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