North America 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
The North America fiber bragg grating market constitutes countries such as the US, Canada, and Mexico. North America’s technological advancements have led to a highly competitive market. The companies are enhancing the overall business processes to meet the customers' demand for high-quality products. The fiber bragg grating market in North America is being driven by stringent government rules surrounding passenger safety and the region's rapidly increasing aerospace sector. The North American region comprises almost 50% of the overall aerospace market in the world, which, in turn, is driving the fiber bragg grating market in the region. The use of fiber bragg grating sensors for medical applications is predicted to see a rise in demand due to the continued concern about the population's health in countries such as the US, owing to the increasing rate of chronic diseases in the country. Optics and photonics have played a crucial role in the evolution of technologies such as sensing, imaging, and metrology in the US over the previous decade. The growing requirement for precision sensing has resulted in a considerable shift toward optically-based measurements. This, in turn, is influencing the demand for fiber bragg grating.
The US is the most affected country in North America due to the COVID-19 outbreak. The continuous growth of infected individuals has led the government to impose lockdown across the nation's borders during Q2 in 2020. Most manufacturing facilities were either temporarily shut or operating with minimum staff, and the supply chain of components and parts was disrupted. The outbreak has severely affected production and revenue generation since the US has many FBG manufacturers, component manufacturers, and end-user industries. The lower number of manufacturing staff has resulted in lesser production quantity.
Get more information on this report :
Market Overview and Dynamics
The fiber bragg grating market in North America is expected to grow from US$ 548.48 million in 2021 to US$ 2,631.36 million by 2028; it is estimated to grow at a CAGR of 24.0% from 2021 to 2028. North America has leveraged the developed automotive industry. The region is leading in the production and sales of passenger and commercial vehicles worldwide. In 2018, 2019, and 2020, the number of units of commercial and passenger vehicles produced was 17,436,070; 16,783,398; and 13,375,622; respectively. Moreover, the region has a presence of various automotive manufacturers such as Ford Motor Company, Tesla, BMW, and General Motors Company. Further, the governments of the countries in North America are taking initiatives for the development of the automotive sector. This will further boost the growth of the fiber bragg grating market.
Key Market Segments
North America fiber bragg grating market is segmented into type, application, industry and country. Based on type, the North America 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 North America 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 North America fiber bragg grating market is segmented into US, Canada, and Mexico. US 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 North America 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, ITF Technologies Inc., Ixblue Photonics, Micron Optics (Luna Innovations), Proximion AB, Technica, and TeraXion.
Reasons to buy report
- To understand the North America 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 North America fiber bragg grating market.
- Efficiently plan M&A and partnership deals in North America 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 North America fiber bragg grating market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Fiber Bragg Grating Market Segmentation
North America Fiber Bragg Grating Market - By Type
- FBG Sensor
- FBG Filter and others
North America Fiber Bragg Grating Market - By Application
- Sensing
- Measuring
- Monitoring and others
North America Fiber Bragg Grating Market - By Industry
- Telecommunication
- Aerospace
- Energy and Utilities
- Transportation
- Others
North America Fiber Bragg Grating Market - By Country
- US
- Canada
- Mexico
North America Fiber Bragg Grating Market - Company Profiles
- Alnair Labs Corporation
- AOS GmbH
- FBGS Technologies GmbH
- HBM Fibersensing S.A
- ITF Technologies Inc.
- Ixblue Photonics
- Micron Optics (Luna Innovations)
- Proximion AB
- Technica
- TeraXion
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. North America Fiber Bragg Grating Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.2.1 Ecosystem Analysis
4.3 Expert Opinion
5. North America Fiber Bragg Grating Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Application of Fiber Bragg Grating
5.1.2 Rising Acceptance of Fiber Bragg Grating Owing to Their Advantages
5.2 Market Restraints
5.2.1 Production Cost is High
5.3 Market Opportunities
5.3.1 Automated Production System of Fiber Bragg Grating
5.4 Future Trends
5.4.1 Ultra-Long Fiber Bragg Gratings Being Developed
5.5 Impact Analysis of Drivers and Restraints
6. Fiber Bragg Grating Market – North America Analysis
6.1 North America Fiber Bragg Grating Market Overview
6.2 North America Fiber Bragg Grating Market Revenue Forecast and Analysis
7. North America Fiber Bragg Grating Market Analysis – By Type
7.1 Overview
7.2 North America 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. North America Fiber Bragg Grating Market Analysis – By Application
8.1 Overview
8.2 North America 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. North America Fiber Bragg Grating Market Analysis – By Industry
9.1 Overview
9.2 North America 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. North America Fiber Bragg Grating Market – Country Analysis
10.1 Overview
10.1.1 North America: Fiber Bragg Grating Market, by Key Country
10.1.1.1 US: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Fiber Bragg Grating Market, By Type
10.1.1.1.2 US: Fiber Bragg Grating Market, By Application
10.1.1.1.3 US: Fiber Bragg Grating Market, By Industry
10.1.1.2 Canada: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Fiber Bragg Grating Market, By Type
10.1.1.2.2 Canada: Fiber Bragg Grating Market, By Application
10.1.1.2.3 Canada: Fiber Bragg Grating Market, By Industry
10.1.1.3 Mexico: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Fiber Bragg Grating Market, By Type
10.1.1.3.2 Mexico: Fiber Bragg Grating Market, By Application
10.1.1.3.3 Mexico: Fiber Bragg Grating Market, By Industry
11. Impact of COVID-19 Pandemic
11.1.1 North 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
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America: Fiber Bragg Grating Market Revenue Share, by Key Country (2020 and 2028)
Table 2. US: Fiber Bragg Grating Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Fiber Bragg Grating Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Fiber Bragg Grating Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Fiber Bragg Grating Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Fiber Bragg Grating Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Fiber Bragg Grating Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Fiber Bragg Grating Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Fiber Bragg Grating Market Segmentation
Figure 2. North America Fiber Bragg Grating Market Segmentation – By Country
Figure 3. North America 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. Telecommunication Held the Largest Market Share in 2020
Figure 7. US was the Largest Revenue Contributor in 2020
Figure 8. North America – PEST Analysis
Figure 9. North America Fiber Bragg Grating Market Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. North America Fiber Bragg Grating Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Fiber Bragg Grating Market Revenue Forecast and Analysis (US$ Million)
Figure 13. North America Fiber Bragg Gratings Market, By Type (2020 and 2028)
Figure 14. North America FBG Sensor: Fiber Bragg Gratings Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America FBG Filter and Others: Fiber Bragg Gratings Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Fiber Bragg Grating Market, By Application (2020 and 2028)
Figure 17. North America Sensing: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Measuring: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Monitoring and Others: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Fiber Bragg Grating Market, by Industry (2020 and 2028)
Figure 21. North America Telecommunication: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Transportation: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Energy and Utilities: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America Aerospace: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Others: Fiber Bragg Grating Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Fiber Bragg Grating Market, by Key Country – Revenue (2020) (US$ Million)
Figure 27. North America: Fiber Bragg Grating Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. US: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Canada: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. Mexico: Fiber Bragg Grating Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in North American Country Markets
- Alnair Labs Corporation
- AOS GmbH
- FBGS Technologies GmbH
- HBM Fibersensing S.A
- ITF Technologies Inc.
- Ixblue Photonics
- Micron Optics (Luna Innovations)
- Proximion AB
- Technica
- TeraXion
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the fiber bragg grating 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