Fiber Bragg Grating Market by Type (Fiber Bragg Grating Filter, Fiber Bragg Grating Sensors), Grating Type (Regenerated Gratings, Standard Type I Gratings, Type IA Gratings), Application - Global Forecast 2024-2030

Fiber Bragg Grating Market by Type (Fiber Bragg Grating Filter, Fiber Bragg Grating Sensors), Grating Type (Regenerated Gratings, Standard Type I Gratings, Type IA Gratings), Application - Global Forecast 2024-2030

The Fiber Bragg Grating Market size was estimated at USD 2.27 billion in 2023 and expected to reach USD 2.45 billion in 2024, at a CAGR 8.04% to reach USD 3.91 billion by 2030.

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.

Regional Insights

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 Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Fiber Bragg Grating Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising need for effective sensor to measure multiple physical parameters in oil & gas and energy sector
    • Increasing demand for high-speed internet and the need for better telecommunication infrastructure
    • Extensive use of FBG sensors in industrial and medical applications
    • Market Restraints
      • High cost of manufacturing and maintenance complications
      • Market Opportunities
        • Advancements in manufacturing and new developments in fiber Bragg grating sensors
        • Expanding use in power systems and smart grids
        • Market Challenges
          • Concerns related to thermal sensitivity and functioning of fiber Bragg grating sensors
          • Market Segmentation Analysis
            • Type: Proliferation of fiber bragg grating (FBG) filter owing to their exceptional capability
            • Application: Increasing application of fiber bragg grating in energy & utilities for structural integrity
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fiber Bragg Grating Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fiber Bragg Grating Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • HFCL Plans to Further Expand Optic Fiber Capacity
              
              HFCL Ltd., an Indian telecom company, announced its expansion plans to increase its capacity for producing high-quality optical fiber. The company now has 33.90 million fiber km/per annum, an increase from the previously planned 24.94 million fiber km/per annum. This expansion follows the company's earlier efforts to enhance its manufacturing facility in Hyderabad. The move aims to meet the growing demand for high-quality optical fiber in telecommunications.
              
              Deutsche Telekom Accelerates Fiber Expansion in Stuttgart
              
              Deutsche Telekom announced to spearhead the expansion of fiber optic networks in the Gigabit region of Stuttgart, solidifying its position as the primary driver of digital connectivity in the area. As a result, residents in 17 city districts in the state capital now have access to Telekom's fiber optic connections. Additionally, expansion efforts are underway at 58 construction sites, with significant progress already made in 9 Stuttgart districts.
              
              Groupe Gorgé Completes the Acquisition of iXblue, Paving the Way to Bringing ECA Group and iXblue Together
              
              The acquisition of iXblue by Groupe Gorgé resulted in the formation of a European high-tech industrial champion for maritime, robotics, navigation, photonics, and aerospace domains. The combined workforce of 1,500 people and €250 million in annual turnover provides a distinctive offering, ranging from components to complex systems for critical missions. The shared DNA of innovation and entrepreneurship has led to synergies, strengthening the research and developmental capabilities.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fiber Bragg Grating Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            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..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Fiber Bragg Grating Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Fiber Bragg Grating Filter
              • Fiber Bragg Grating Sensors
              • Grating Type
                • Regenerated Gratings
                • Standard Type I Gratings
                • Type IA Gratings
                • Type II Gratings
                • Type IIA Gratings
                • Application
                  • Aerospace & Defence
                  • Energy & Utility
                  • Geo-Technical Services
                  • Oil & Gas
                  • Telecommunication
                  • Transportation
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year