Europe Fiber Bragg Grating Market to Grow at a CAGR of 27.0% to reach US$ 2,125.76 million Million from 2021 to 2028

The fiber bragg grating market in Europe is expected to grow from US$ 389.39 million in 2021 to US$ 2,125.76 million by 2028; it is estimated to grow at a CAGR of 27.0% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Advanced and automatic manufacturing system of fiber bragg grating is the major factor driving the growth of the Europe fiber bragg grating market. Since, production cost of fiber bragg grating is high which restricts their production, need to develop advanced technologies resulting in lower production cost is vital. Thus, to overcome the challenges faced by traditional production method indulging high cost of fiber bragg grating, automated systems are developed. To fulfill the requirement of flexible manufacturing of high-quality, cost-effective, and consistent fiber bragg grating on a production basis, Sweden-based Northlab Photonics developed an automated fabrication system. The company’s NORIA tool combines a Coherent ExciStar XS excimer laser operating at 193 nm, up to 16 Ibsen Photonics phase masks, beam-conditioning optics, automated mechanics, and control software to provide pushbutton fiber bragg grating manufacture. The new automated system allows essentially pushbutton fiber bragg grating production, which assists in decreasing the unit cost for fiber bragg grating production and gives fiber bragg grating an exceptional unit-to-unit quality and consistency. Hence, the new automated system simplifies the activity of a system integrator and thereby is projected to ease the fabrication procedure of fiber bragg grating and will continue to provide lucrative growth opportunities to the manufacturers of fiber bragg grating and its users.

In Europe, the UK was the hardest-hit country by the COVID-19 outbreak. The UK, Germany, and Italy recorded the highest number of COVID-19 cases. The region suffered an economic hit due to the lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, the FBG market got hampered. The region is a significant manufacturing and industrial hub for healthcare, aviation, manufacturing, automotive, and energy & power sectors. However, due to the COVID-19 pandemic, many businesses in Europe faced financial challenges as they had to reduce their activities substantially, owing to the lack of workforce, government-imposed restrictions, and a decrease in sales. However, as manufacturing plants are resuming their operations, the production of FBG filters and sensors will rise.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe fiber bragg grating market. The Europe fiber bragg grating market is expected to grow at a good CAGR during the forecast period.

Europe Fiber Bragg Grating Market Segmentation

Europe Fiber Bragg Grating Market – By Type

• FBG Sensor
• FBG Filter and others

Europe Fiber Bragg Grating Market – By Application

• Sensing
• Measuring
• Monitoring and others

Europe Fiber Bragg Grating Market – By Industry

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

Europe Fiber Bragg Grating Market, by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Fiber Bragg Grating Market - Companies Mentioned

• AOS GmbH
• FBGS Technologies GmbH
• HBM Fibersensing S.A 
• ITF Technologies Inc.
• Ixblue Photonics
• Micron Optics (Luna Innovations)
• Proximion AB

Europe Fiber Bragg Grating Report Scope