The fiber bragg grating market in APAC is expected to grow from US$ 328.73 million in 2021 to US$ 1,941.37 million by 2028; it is estimated to grow at a CAGR of 28.9% from 2021 to 2028.
Australia, China, India, Japan, South Korea are major economies in APAC. High usage of fiber bragg grating due to their multiple advantages is the major factor driving the growth of the APAC fiber bragg grating market. FBGs are being increasingly adopted across numerous applications, owing to their advantages such as direct absolute measurement, unique wavelength multiplexing capability, and nonconductivity. Moreover, they are electrically passive and immune to EMI-induced noise. The fiber bragg grating sensors mounting is like conventional gages. Also, they are available in different mounting options and form factors. When fiber bragg grating are used with high power tunable laser, they can conduct the task of measurements over long distances with minimal or no loss in signal integrity. In addition, every optical channel is capable of measuring dozens of fiber bragg grating sensors, unlike electrical sensing systems. This, in turn, lowers the size, complexity, and weight of measurement systems. Moreover, as fiber bragg grating provide direct absolute measurement when compared to old, conventional electric & alternative fiber sensors, these are being used in medical, aircraft, research & development, industrial, and telecommunication applications. Hence, due to the advantages of fiber bragg grating, their adoption rate is booming, which is another driving factor for the market.APAC is one of the crucial regions for the market's future growth, owing to many developing countries such as China and India. These countries have a high industrial presence, a positive economic outlook, and favorable government policies, which provide immense growth opportunities for the FBG market. However, the COVID-19 outbreak has caused massive disruptions in the growth of various sectors of the APAC region. For instance, according to the National Statistical Office (NSO) data, the manufacturing sector output declined by 20.6% in May 2020 compared to a growth of 3.1% in May 2019 due to travel restrictions, closing of manufacturing plants, unavailability of raw materials, and workforce. However, with manufacturing plants resuming their operations, the production of FBG filters and sensors will rise, eventually boosting the growth of the fiber bragg grating market in APAC.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC fiber bragg grating market. The APAC fiber bragg grating market is expected to grow at a good CAGR during the forecast period.
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APAC Fiber Bragg Grating Market Segmentation
APAC Fiber Bragg Grating Market – By Type
- FBG Sensor
- FBG Filter and others
APAC Fiber Bragg Grating Market – By Application
- Sensing
- Measuring
- Monitoring and others
APAC Fiber Bragg Grating Market – By Industry
- Telecommunication
- Aerospace
- Energy and Utilities
- Transportation
- Others
APAC Fiber Bragg Grating Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Fiber Bragg Grating Market - Companies Mentioned
- Alnair Labs Corporation
- AOS GmbH
- FBGS Technologies GmbH
- HBM Fibersensing S.A
- Ixblue Photonics
- Micron Optics (Luna Innovations)
- Proximion AB
- Technica
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Fiber Bragg Grating Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.2.1 Ecosystem Analysis
4.3 Expert Opinion
5. APAC Fiber Bragg Grating Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Fiber Bragg Grating Witnessing Broad Range Applications
5.1.2 High Usage of Fiber Bragg Grating Due to Their Multiple Advantages
5.2 Market Restraints
5.2.1 Manufacturing Being Costly
5.3 Market Opportunities
5.3.1 Upcoming of Automated Fiber Bragg Grating Production System
5.4 Future Trends
5.4.1 Ultra-Long Fiber Bragg Gratings Being Manufactured
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Bragg Grating Market – APAC Analysis
6.1 APAC Fiber Bragg Grating Market Overview
6.2 APAC Fiber Bragg Grating Market Revenue Forecast and Analysis
7. APAC Fiber Bragg Grating Market Analysis – By Type
7.1 Overview
7.2 APAC 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. APAC Fiber Bragg Grating Market Analysis – By Application
8.1 Overview
8.2 APAC 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. APAC Fiber Bragg Grating Market Analysis – By Industry
9.1 Overview
9.2 APAC 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. APAC Fiber Bragg Grating Market – Country Analysis
10.1 Overview
10.1.1 APAC: Fiber Bragg Grating Market, by Key Country
10.1.1.1 China: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 China: Fiber Bragg Grating Market, By Type
10.1.1.1.2 China: Fiber Bragg Grating Market, By Application
10.1.1.1.3 China: Fiber Bragg Grating Market, By Industry
10.1.1.2 Japan: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Japan: Fiber Bragg Grating Market, By Type
10.1.1.2.2 Japan: Fiber Bragg Grating Market, By Application
10.1.1.2.3 Japan: Fiber Bragg Grating Market, By Industry
10.1.1.3 India: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Fiber Bragg Grating Market, By Type
10.1.1.3.2 India: Fiber Bragg Grating Market, By Application
10.1.1.3.3 India: Fiber Bragg Grating Market, By Industry
10.1.1.4 South Korea: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 South Korea: Fiber Bragg Grating Market, By Type
10.1.1.4.2 South Korea: Fiber Bragg Grating Market, By Application
10.1.1.4.3 South Korea: Fiber Bragg Grating Market, By Industry
10.1.1.5 Australia: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Australia: Fiber Bragg Grating Market, By Type
10.1.1.5.2 Australia: Fiber Bragg Grating Market, By Application
10.1.1.5.3 Australia: Fiber Bragg Grating Market, By Industry
10.1.1.6 Rest of APAC: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Fiber Bragg Grating Market, By Type
10.1.1.6.2 Rest of APAC: Fiber Bragg Grating Market, By Application
10.1.1.6.3 Rest of APAC: Fiber Bragg Grating Market, By Industry
11. Impact of COVID-19 Pandemic
11.1.1 APAC: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
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 iXblue Photonics
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 Luna Innovations Inc.
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 Proximion AB
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 Technica
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC: Fiber Bragg Grating Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 2. China: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. CHINA: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. JAPAN: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. SOUTH KOREA: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 14. Australia: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. AUSTRALIA: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Fiber Bragg Grating Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Fiber Bragg Grating Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. REST OF APAC: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Fiber Bragg Grating Market Segmentation
Figure 2. APAC Fiber Bragg Grating Market Segmentation – By Country
Figure 3. APAC Fiber Bragg Grating Market Overview
Figure 4. FBG Sensor Segment Held the Largest Market Share in 2020
Figure 5. Sensing Held the Largest Market Share in 2020
Figure 6. Industry Held the Largest Market Share in 2020
Figure 7. North America was the Largest Revenue Contributor in 2020
Figure 8. APAC– PEST Analysis
Figure 9. APAC Fiber Bragg Grating Market Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. APAC Fiber Bragg Grating Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Fiber Bragg Grating Market Revenue Forecast and Analysis (US$ Million)
Figure 13. APAC Fiber Bragg Gratings Market, By Type (2020 and 2028)
Figure 14. APAC FBG Sensor: Fiber Bragg Gratings Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC FBG Filter and Others: Fiber Bragg Gratings Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Fiber Bragg Grating Market, By Application (2020 and 2028)
Figure 17. APAC Sensing: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Measuring: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Monitoring and Others: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC Fiber Bragg Grating Market, by Industry (2020 and 2028)
Figure 21. APAC Telecommunication: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Transportation: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC Energy and Utilities: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. APAC Aerospace: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Others: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC: Fiber Bragg Grating Market, by Key Country – Revenue (20220) (US$ Million)
Figure 27. APAC: Fiber Bragg Grating Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. China: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Australia: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of APAC: Fiber Bragg Grating Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in APAC Country Markets
- Alnair Labs Corporation
- AOS GmbH
- FBGS Technologies GmbH
- HBM Fibersensing S.A
- Ixblue Photonics
- Micron Optics (Luna Innovations)
- Proximion AB
- Technica
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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