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.
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
North America Fiber Bragg Grating Market Strategic Insights
North America Fiber Bragg GratingMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 548.48 Million |
| Market Size by 2028 | US$ 2,631.36 Million |
| CAGR (2021 - 2028) | 24.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
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Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Fiber Bragg Grating Market Country and Regional Insights
