Dublin, Jan. 11, 2022 (GLOBE NEWSWIRE) -- The "Fiber Bragg Grating Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (FBG Sensor and FBG Filter & Others), Application (Sensing, Measuring, Monitoring, and Others), and Industry (Telecommunication, Aerospace, Energy and Utilities, Transportation, and Others)" report has been added to ResearchAndMarkets.com's offering.
The global fiber bragg grating market was valued at US$ 1,500.6 Million in 2021 and is expected to grow at a CAGR of 25.7% during the forecast period of 2021 to 2028 to reach US$ 7,435.3 Million by 2028.
A fiber bragg grating is a few millimeters long, very reliable, and highly sensitive product used for measuring, sensing, and monitoring application among diversified industries. Fiber bragg grating gives advantages to devices such as immunity to electromagnetic & radio frequency interference, low loss relative to fiber length, and small size & weight; and it is safe for operation in an environment consisting of hazardous materials.
The rise in application areas of fiber bragg grating for temperature and strain measurements and the development of automated fiber bragg grating production systems are boosting the market growth. Also, the emergence of ultra-long fiber bragg grating is further accelerating market growth. Due to their direct absolute measurement and unique wavelength multiplexing capability properties, their adoption in aerospace, telecom, security & monitoring sectors is expanding. All the factors mentioned above are positively impacting the fiber bragg grating market growth.
Impact of the COVID-19 Pandemic on the Fiber Bragg Grating Market
The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicle and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in the lesser production of commodities, goods, and services.
Manufacturing, automotive, semiconductor and electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. The FBG market players also experienced a decrease in volumes because the manufacturing facilities had a limited workforce. This has had a negative impact on the market. The COVID-19 outbreak might impact the market in the first six months of 2021 as well.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global fiber bragg grating market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global fiber bragg grating market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Fiber Bragg Grating Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.1 Ecosystem Analysis
4.2 Expert Opinion
5. Fiber Bragg Grating Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Application Areas of Fiber Bragg Grating
5.1.2 Increasing Adoption of Fiber Bragg Grating Due to Their Advantages
5.2 Market Restraints
5.2.1 High Production Cost
5.3 Market Opportunities
5.3.1 Fiber Bragg Grating Production System is Automated
5.4 Future Trends
5.4.1 Development of Ultra-Long Fiber Bragg Gratings
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Bragg Grating - Global Market Analysis
6.1 Global Fiber Bragg Grating Market Overview
6.2 Global Fiber Bragg Grating Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Global Fiber Bragg Grating Market Analysis - By Type
7.1 Overview
7.2 Fiber Bragg Gratings Market , By Type (2020 and 2028)
7.3 FBG Sensor
7.3.1 Overview
7.3.2 FBG Sensor: Fiber Bragg Gratings Market Revenue and Forecast To 2028 (US$ Million)
7.4 FBG Filter and Others
7.4.1 Overview
7.4.2 FBG Filter and Others: Fiber Bragg Gratings Market Revenue and Forecast To 2028 (US$ Million)
8. Global Fiber Bragg Grating Market Analysis - By Application
8.1 Overview
8.2 Fiber Bragg Grating Market , By Application (2020 And 2028)
8.3 Sensing
8.3.1 Overview
8.3.2 Sensing: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
8.4 Measuring
8.4.1 Overview
8.4.2 Measuring: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
8.5 Monitoring and Others
8.5.1 Overview
8.5.2 Monitoring and Others: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
9. Global Fiber Bragg Grating Market Analysis - By Industry
9.1 Overview
9.2 Fiber Bragg Grating Market , By Industry (2020 and 2028)
9.3 Telecommunication
9.3.1 Overview
9.3.2 Telecommunication: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
9.4 Transportation
9.4.1 Overview
9.4.2 Transportation: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
9.5 Energy and Utilities
9.5.1 Overview
9.5.2 Energy and Utilities: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
9.6 Aerospace
9.6.1 Overview
9.6.2 Aerospace: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Fiber Bragg Grating Market Revenue and Forecast To 2028 (US$ Million)
10. Fiber Bragg Grating Market - Geographic Analysis
11. Impact of COVID-19 Pandemic
11.1 Impact of COVID-19 Pandemic on Global FBG Market
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.1.5 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
13. Company Profiles
13.1 AOS GmbH
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Alnair Labs Corporation
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FBGS Technologies GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HBM FIBERSENSING S.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 ITF Technologies Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 iXblue Photonics
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Luna Innovations Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Proximion AB
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Technica
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TeraXion
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
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