Fiber Bragg Grating Market Forecast, Trends, Scope by 2031
The fiber Bragg grating market size is projected to reach US$ 11.39 billion by 2031 from US$ 1.87 billion in 2023. The market is expected to register a CAGR of 25.30% during 2023–2031. Rising application areas of fiber Bragg grating (FBG) and rising adoption of FBG due to their advantages are likely to remain key trends and drivers in the market.
Fiber Bragg Grating Market Analysis
The fiber Bragg grating market is experiencing significant growth globally. This growth is attributed to the rising application areas of fiber Bragg grating (FBG) and the rising adoption of FBG due to their advantages. Moreover, the implementation of an automated FBG system and the development of ultra-long fiber Bragg gratings are anticipated to hold several opportunities in the market.
Fiber Bragg Grating Market Overview
A fiber Bragg grating (FBG) is a microstructure typically a few millimeters in length that can be photo inscribed in the core of a single-mode fiber. This is done by transversely illuminating the fiber with a UV laser beam and using a phase mask to generate an interference pattern in its core. This will induce a permanent change in the physical characteristics of the silica matrix.
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Fiber Bragg Grating Market: Strategic Insights
Market Size Value in US$ 1,500.6 Million in 2020 Market Size Value by US$ 7,435.3 Million by 2028 Growth rate CAGR of 25.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Fiber Bragg Grating Market: Strategic Insights
| Market Size Value in | US$ 1,500.6 Million in 2020 |
| Market Size Value by | US$ 7,435.3 Million by 2028 |
| Growth rate | CAGR of 25.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Fiber Bragg Grating Market Drivers and Opportunities
Rising Application Areas of Fiber Bragg Grating to Favor Market.
Rising application areas of fiber Bragg grating are driving the fiber Bragg grating market. Fiber Bragg grating is used in industries such as telecommunication, aerospace, energy and utilities, transportation, and others. The FBG is a crucial element for telecommunication. Compared to the UV inscription of FBGs into silica fibers for telecommunications applications, which has developed into a standard and highly reproducible mass production process. Moreover, the role of the spatial phase grating, which is a frequency, is essentially to form a narrow-band (transmission or reflection) filter or mirror in the core. Thus, considering the above parameters, the rise in the application area of fiber Bragg grating is driving the market growth.
The Fibre Bragg grating system is automated.
An FBG has unique properties to perform as a sensor. Fiber Bragg Grating (FBG) sensors are broadly used in various applications, including automation, due to their small size, high sensitivity, and immunity to electromagnetic interference. These sensors operate by reflecting particular wavelengths of light while transmitting others, where the reflected wavelength shifts in response to changes in temperature, strain, or pressure. FBG is used in various steps in automation by identifying the measurement objective, selecting FBG sensors, integration with equipment, connection to the optical interrogator, calibration, and manymore. Thus, considering the above advantages and features of fiber Bragg grating in automation, the market is anticipated to grow in the coming years.
Fiber Bragg Grating Market Report Segmentation Analysis
Key segments that contributed to the derivation of the fiber Bragg grating market analysis are type, application, and industry.
- Based on type, the fiber Bragg grating market is divided into FBG sensor and FBG filter & others. The FBG sensor segment is anticipated to hold a significant market share in the forecast period.
- Based on application, the fiber Bragg grating market is divided into sensing, measuring, monitoring, and others. The sensing segment is anticipated to hold a significant market share in the forecast period.
- By industry, the market is segmented into telecommunication, aerospace, energy and utilities, transportation, and others. Telecommunication is anticipated to hold a significant market share in the forecast period.
Fiber Bragg Grating Market Share Analysis by Geography
The geographic scope of the fiber Bragg grating market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the fiber Bragg grating market. The North America market is segmented into US, Canada, and Mexico. This growth is attributed to the rising application areas of fiber Bragg grating in the region and the rising adoption of FBG due to their advantages. Moreover, the implementation of an automated FBG system and the development of ultra-long fiber Bragg gratings are anticipated to hold several opportunities in the market. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of fiber Bragg grating market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the fiber Bragg grating market.
Fiber Bragg Grating Market Report Scope
Fiber Bragg Grating Market News and Recent Developments
The fiber bragg grating market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the fiber Bragg grating market are listed below:
- TeraXion, one of the photonic leaders, launched a new range of high-power, all-fiber Bragg grating notch filters. The WSF series are all-fiber band-stop (notch) filters that are used to selectively attenuate or block a wavelength or a range of wavelengths while allowing other wavelengths to pass through. (Source: TeraXion Company Website, December 2024)
Fiber Bragg Grating Market Report Coverage and Deliverables
The “Fiber Bragg Grating Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Fiber Bragg grating market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Fiber Bragg grating market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Fiber Bragg grating market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the fiber Bragg grating market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The expected CAGR of the fiber Bragg grating market is 25.30%.
The global fiber Bragg grating market is expected to reach US$ 11.39 billion by 2031.
The key players holding majority shares in the global fiber Bragg grating market are AOS GmbH, Alnair Labs Corporation, FBGS Technologies GmbH, HBM Fibersensing S.A, ITF Technologies Inc, Ixblue Photonics, Micron Optics (Luna Innovations), Proximion AB, Technica, TeraXion.
The development of ultralong fiber Bragg gratings is anticipated to drive the market in the forecast period.
Rising application areas of fiber Bragg grating (FBG) and rising adoption of FBG due to their advantages are some of the factors driving the fiber Bragg grating market.
North America is anticipated to dominate the fiber Bragg grating market in 2023.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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