Fiber Bragg Grating (FBG) Market : Worldwide Industry Analysis and New Market Opportunities Explored
Fiber Bragg Grating (FBG) are simple and low-cost sensor or filter that are built into the core of a wavelength-specific fiber cable. FBGs are used as inline optical filters to block certain wavelengths, or as wavelength-specific reflectors. Fiber Bragg Grating is one of the most useful, reliable, versatile and attractive passive devices in the fields of optical fiber communications and fiber optic sensors. In simple terms, it is an electronic device designed to measure ultra-high speed events in optical fiber in telecom industry. FBGs have an intrinsic capability to measure a variety of parameters along a single fiber, such as: strain, temperature, pressure, chemical and biological agents, and many others. These multi-point sensing arrays of many relative low cost FBGs, provide great flexibility of design and make them ideal devices to be adopted for a multitude of different sensing applications and implemented in different fields and industries.
The FBG market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of effective sensor capable of measuring multiple physical parameters such as temperature, pressure, and acoustic waves in any given environment. FBGs sensors are used in wide range of applications in automotive, aerospace, Oil & gas and among others. The global Fiber Bragg Grating market is expected to witness a substantial growth during the forecast period. This is due to its increasing demand across various application sectors such as industrial, aerospace, oil & gas and telecom sector. However, need for industry standards on FBGs and FBG-based sensors, adequate and reliable packaging designs, as well as training and education of prospective customers and end-users are some of the restraining factor for the growth of FBGs market. Efforts are being taken by many companies to upgrade their research and development activities to analyze further application that is expected to generate profitable growth opportunities for the Fiber Bragg Grating market in the forecast period.
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The global Fiber Bragg Grating market is segmented on the basis of product type, application, end-user and region. On the basis of product type, the Fiber Bragg Grating market has been segmented into FBG filter and FBG sensor. The FBG sensors are designed to offer higher accuracy, longer stability, smaller size, immunity to electromagnetic interference (EMI) and the ability to measure ultra-high speed events. These sensors are ideal for pressure sensing, temperature sensing, fluid-level measurement, position measurement, vibration measurement. By Application, the Fiber Bragg Grating market has been segmented into sensing, measuring, monitoring, and others. On the basis of end-user, the Fiber Bragg Grating market is segmented into Telecommunication, Aerospace, Energy & Utilities, Transportation and others. Telecommunication end user is expected to the largest application segment owing to massive usage of optical fibers in telecommunication applications.
In the region wise study, the global fiber bragg grating market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific which comprises China, India, South Korea, Australia and other rising economies captured significant market share followed by North America and Europe in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the fiber bragg grating with the low cost of raw materials and huge production facilities in the country. The region’s dominance is attributed to increasing usage of internet in countries such as Japan, South Korea, China, and India. Moreover, rapid level of industrialization in this region is also contributing to growth of fiber bragg grating market.
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The global Fiber Bragg Grating market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers. Some of the key players engaged in Fiber Bragg Grating market include various manufacturers such as Advanced Optics Solutions GmbH, Micron Optics, Proximion AB, HBM FiberSensing, ITF Technologies, Inc., FBGS Technologies GmbH, Technica, iXFiber, GEOPTEX bvba (FOS&S), and Alnair Labs Corporation ABB Ltd and among others.
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