Asia Pacific Fiber Bragg Grating Market Forecast to 2028 - COVID-19 Impact and Regional 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)
Market Introduction
APAC is home to numerous SMEs, which capitalize heavily on advanced technologies, and this factor is favoring the fiber bragg grating market in the region. The continuously growing economies in this region are China, India, Japan, South Korea, Singapore, Taiwan, and Malaysia. Manufacturers have a big opportunity to expand their business by tapping into different geographies. As one of the world's fastest-growing economies, Asia Pacific has enormous growth potential. In comparison with other regions, this area has a higher population density. As a result, there has been a surge in initiatives to improve communication through fiber lines. This factor is boosting the growth of the fiber bragg grating market in the region.
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.
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Market Overview and Dynamics
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. Increased usage of fiber bragg grating in the telecommunication industry for fault monitoring in fiber to the home (FTTH) networks, as well as to confirm or locate connectivity faults in the network, is one of the major drivers for the fiber bragg grating market in the region. In addition, due to fiber bragg grating's capacity to detect characteristics such as temperature and pressure, there is an increasing demand from sectors such as aircraft, construction, and oil & gas. The fiber bragg grating technique has several benefits over standard grating technology, including immunity to electromagnetic interference, high sensitivity, lightweight, and low thermal conductivity. The major players operating in the fiber bragg grating market in APAC include Wuhan Ligong Guangke, FBG KOREA, and Alnair Labs Corporation. Further, the ongoing COVID-19 crisis is anticipated to cause huge disruptions in the growth of various industries in APAC. Commercial and consumer electronics sectors would witness a downfall in their growth amid this pandemic due to a disturbed supply chain of components; this would also impact fiber bragg grating. However, the impact will continue for a short term since various Asian countries are gradually reopening their businesses, while in China and South Korea, commercial offices have already resumed their operations; thus, this factor would boost the growth of the fiber bragg grating market in mid-2021 onward.
Key Market Segments
APAC fiber bragg grating market is segmented into type, application, industry, and country. Based on type, the APAC fiber bragg grating market is segmented into FBG sensor and FBG filter. The FBG sensor segment held the largest market share in 2020. Based on application, the APAC fiber bragg grating market is segmented into sensing, measuring, and monitoring. The sensing segment held the largest market share in 2020. Based on industry, the market is segmented into telecommunication, transportation, energy and utilities, aerospace, and others. The telecommunication industry dominates the market in 2020. Based on country, the APAC fiber bragg grating market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. China held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the fiber bragg grating market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alnair Labs Corporation, AOS GmbH. FBGS Technologies GmbH, HBM Fibersensing S.A, Ixblue Photonics, Micron Optics (Luna Innovations), Proximion AB, and Technica.
Reasons to buy report
- To understand the APAC fiber bragg grating market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC fiber bragg grating market.
- Efficiently plan M&A and partnership deals in APAC fiber bragg grating market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC fiber bragg grating market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.
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 - Company Profiles
- AOS GmbH
- FBGS Technologies GmbH
- HBM Fibersensing S.A
- Ixblue Photonics
- Micron Optics (Luna Innovations)
- Proximion AB
- Technica
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
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