Fiber Bragg Grating Market is expected to reach US$ 7,435.3 Million by 2028

 According to our latest market study on “Fiber Bragg Grating Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and Industry,” the market is expected to grow from US$ 1,500.6 million in 2021 to US$ 7,435.3 million by 2028; it is expected to grow at a CAGR of 25.7% from 2021 to 2028.

The sensing capabilities of the fiber bragg grating technology have enabled various end users to streamline their operational processing. The sensing capability allows tracking of the particular node or point where deviation or change has been observed. The fiber bragg grating is also widely used in wind turbines for identifying any variations in the set momentum of the blade. Any irregular change in the speed of the wind turbine blade may be a potential sign of a major or minor defect, which could affect the overall energy-generating capability of a wind turbine. Fiber bragg grating technology can sense such deviations effectively.

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FBG is majorly a sensor of strain and temperature, and hence, it is utilized as a sensor for obtaining measurements of load, temperature, strain, tilt, vibration, pressure, and displacement. It also helps measure the presence of several biomedical, chemical, and industrial substances in both dynamic and static modes of operation. Fiber bragg grating is designed to withstand any intense mechanical, electrical, and electromagnetic stresses. They have a stable structure, which makes them ideal for telecom applications, including add/drop, filters, dense wavelength division multiplexing, mux/demux, and lasers. Fiber bragg grating sensors are being implemented to locate variations in vibration, temperature, and sound in aircraft and its components. With continuous technological developments and a decrease in telecommunications devices and equipment costs, FGBs are now getting utilized as sensors.

Fiber bragg grating is used for different purposes, including structural health or strain monitoring of engineering structures such as footbridges, bridges, skyscrapers, dams, and aircraft wings; monitoring the behavior of ultrahigh quality precision tools, optical telescope, robotic surgical instruments, and more; and measuring nanometer level deformations in structures that lead to the beginning of cracks. Civil and geotechnical engineering; energy production, conversion, storage; security and perimeter monitoring; commercial transportation; performance vessels, vehicles, equipment; and medical & biotech are some additional applications where fiber bragg grating are being used. With the rising applications of fiber bragg grating globally, their adoption rate is also booming, which, in turn, is driving the market.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Fiber Bragg Grating Market’ provides the analysis on impact on Covid-19 on business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Based on application, the fiber bragg grating market is categorized into sensing, measuring, and monitoring & others. The sensing segment held the largest share in 2020. Similarly, based on industry, the fiber bragg grating market is segmented into telecommunication, aerospace, energy and utilities, transportation, and others. The telecommunication sector dominated the market in 2020. Fiber bragg grating is one of the major technologies used in the telecommunication industry to deploy optical networks.

Moreover, fiber bragg grating has significant applications in test and measurement equipment used in the telecommunication industry. Further, fiber bragg grating is used as wavelength reference components. Moreover, with the increasing importance of communication across the globe, the telecom infrastructure is growing significantly, which is subsequently driving the fiber bragg grating market.

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