Europe Fiber Bragg Grating Market
Europe comprises economies such as Germany, France, the UK, and Italy. The western part of Europe is characterized for its higher standards of living, with high GDP. The main driving force supporting the fiber bragg grating market in Europe is the built-in calibration workpiece and long service life. Other characteristics that have contributed to the growth of the fiber bragg grating market are its higher accuracy, more compact size, higher stability, electromagnetic interference (EMI) protection, and the ability to measure ultra-high-speed events. Moreover, the European region comprises several major manufacturing industries such as aerospace, machinery & equipment, energy, and telecommunication. Europe has a wide telecommunication market with several players competing in the market. FBG is an enabling technology that has proven its worth in optical network deployment. For example, the pump cage is essential to firmly lock and drive the erbium-doped optical amplifier pump laser. Other applications in signal shaping, filtering, and identification of optical transmission channels also continue to grow. Also, FBGs are used in test and measurement instruments, which is further boosting the fiber bragg grating market in Europe.
In Europe, the UK was the hardest-hit country by the COVID-19 outbreak. The UK, Germany, and Italy recorded the highest number of COVID-19 cases. The region suffered an economic hit due to the lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, the FBG market got hampered. The region is a significant manufacturing and industrial hub for healthcare, aviation, manufacturing, automotive, and energy & power sectors. However, due to the COVID-19 pandemic, many businesses in Europe faced financial challenges as they had to reduce their activities substantially, owing to the lack of workforce, government-imposed restrictions, and a decrease in sales. However, as manufacturing plants are resuming their operations, the production of FBG filters and sensors will rise.
Strategic insights for the Europe Fiber Bragg Grating provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 389.39 Million |
| Market Size by 2028 | US$ 2,125.76 Million |
| Global CAGR (2021 - 2028) | 27.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Fiber Bragg Grating refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The fiber bragg grating market in Europe is expected to grow from US$ 389.39 million in 2021 to US$ 2,125.76 million by 2028; it is estimated to grow at a CAGR of 27.0% from 2021 to 2028. The Robinson Research Institute (RRI) has given a novel option in the form of ultra-long fiber Bragg gratings (ULFBGs). The new ULFBGs are offered with a series of 9-millimeter FBGs spaced 1 mm apart. The ULFBGs act as a long quasi-continuous fiber bragg grating, with combined grating length in meters rather than in millimeters. While normal fiber bragg grating have the potential to monitor temperature changes at a localized point, new ULFBGs can efficiently monitor both temperature changes and their entire length. The simultaneous working property of ULFBGs enables to offer the quick detection of temperature variation, despite the location of a heat source. Additionally, the UFBGs work efficiently in cases when hot spots are covered, and also early identification is crucial. The combination of FBGs and ULFBGs would give both temporal and spatial resolution.
Europe fiber bragg grating market is segmented into type, application, industry, and country. Based on type, the Europe 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 Europe 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 Europe fiber bragg grating market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Germany held the largest market share in 2020.
A few major primary and secondary sources referred to for preparing this report on the fiber bragg grating market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AOS GmbH, FBGS Technologies GmbH, HBM Fibersensing S.A, ITF Technologies Inc., Ixblue Photonics, Micron Optics (Luna Innovations), and Proximion AB.
The Europe Fiber Bragg Grating Market is valued at US$ 389.39 Million in 2021, it is projected to reach US$ 2,125.76 Million by 2028.
As per our report Europe Fiber Bragg Grating Market, the market size is valued at US$ 389.39 Million in 2021, projecting it to reach US$ 2,125.76 Million by 2028. This translates to a CAGR of approximately 27.0% during the forecast period.
The Europe Fiber Bragg Grating Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Fiber Bragg Grating Market report:
The Europe Fiber Bragg Grating Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Fiber Bragg Grating Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Fiber Bragg Grating Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Fiber Bragg Grating Market
