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From the past few years, fiber optic communication has become a major building block in the telecommunication infrastructure. With the widespread use of optical fiber cables, the demand for various optical sensors also has been increased. Among various sensor types, fiber bragg grating (FBG) sensors have become widely popular. The FBG sensor is a distributed bragg reflector fabricated in a small optical fiber segment. The sensor reflects only a specific wavelength of light and transmits all others. Thus, an FBG sensor can be used as a wavelength-specific reflector or an inline optical filter that blocks certain wavelengths. The design's great flexibility makes them ideal for various sensing applications implemented in different industries. This sensor can be heavily used as an alternative to conventional electrical or mechanical sensors.
The fiber bragg grating market is likely to grow at a higher rate in the forecast period due to the sensor's cumulative demand to measure numerous physical parameters, including pressure, temperature, and acoustic waves in any environment. These sensors are adopted for a wide range of applications in aerospace, oil & gas, automotive, and other industries. They are rapidly developing telecommunication infrastructure escalating the demand for optical fiber cables and sensing devices
The FBG sensors offer longer stability, smaller size, higher accuracy, ability to measure ultra-high speed events, and immunity to electromagnetic interference (EMI). Such sensors are ideal for various industrial and commercial applications such as position measurement, temperature sensing, pressure sensing, vibration measurement, fluid-level measurement, etc. Thus, numerous benefits offered by fiber bragg grating sensors would be likely to drive their adoption in the coming years.
Key Market Driver -
• Growing proliferation of optical fiber cable applications would be likely to drive the market • Significant developments in the telecommunication sector to stimulate the market growth
Key Market Restraint -
• Lack of awareness and standardization is hampering the FBG market growth.
Prominent market players are presently focusing on offering cost-effective products to the consumers. New product launches, product approvals, and product enhancements are the fundamental business strategies adopted by the key vendors. The intense competition amongst the fiber bragg gating market is likely to develop lucrative market growth opportunities.
Major players in the market are Advanced Optics Solutions GmbH, Micron Optics, Proximion AB, HBM FiberSensing, ITF Technologies, Inc., FBGS Technologies GmbH, Technica, iXFiber, GEOPTEX bvba (FOS&S), Alnair Labs Corporation ABB Ltd, among others.
North America and Europe are expected to contribute significantly to the global fiber bragg grating market due to early technology acceptance and developed communication infrastructure. The substantial utilization of fiber optic technology drives the substantial market growth across the regions. The rising USA aircraft research and development activities would be likely to support the growth of the market
The emerging economies of the Asia Pacific, such as India, South Korea, Japan, Australia, and others, show significant investments in the telecommunication industry. This substantial investments would be likely to suppport fiber-optic communication, which would positively impact the market growth. Prominent market players are progressively looking to expand their business network across the Asia Pacific, impacting the regional market growth. Countries like Japan, South Korea, China, and India show increasing internet usage over the past few years. Moreover, rapid industrialization in the Asia Pacific would also contribute to the fiber bragg grating market growth.
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