Asia Pacific Fiber Bragg Grating Market

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.   

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

Asia Pacific Fiber Bragg Grating Market Strategic Insights

Asia Pacific Fiber Bragg Grating Market Report Highlights

Asia Pacific Fiber Bragg Grating Market Country and Regional Insights