Panoramica di mercato

The Fiber Bragg Grating Sensor Market is projected to experience significant growth, increasing from USD 703.3 milioni di euro 2023 a USD 1,073.6 milioni di 2028, with a Compound Annual Growth Rate (CAGR) of 8.83% during the forecast period (2023-2028).

A Fiber Bragg Grating (FBG) sensor is a lightweight and easily installable device with the capability to sense various parameters such as temperature, strain, load, and pressure at different points on the same sensor cable through multiplexing.

Another key advantage of FBG sensors is their longer lifetime compared to other types of sensors. According to Hindawi, an open-access scientific journal publisher, life-prediction models suggest that FBG sensors in an unstressed condition can last around 56 years, while in stressful environments, such as FBG-based steel strands in their working environment, their estimated monitoring life is about 27 years.

FBG sensors offer several benefits over traditional monitoring devices in the construction and aviation sectors. However, challenges such as cost and technological limitations in certain use cases hinder their widespread adoption and growth.

The COVID-19 pandemic had a notable impact on the market. Initially, manufacturers faced difficulties in securing raw materials and components due to strict lockdown measures, causing disruptions in the global supply chain. However, as conditions normalize and major end-user industries expand their operations, the demand for FBG sensors is expected to grow during the post-COVID-19 period.

Segmentazione del mercato

The market is segmented based on various factors, including type, end user, and geography.

Segmentation by Type
Temperature Sensor
Strain Sensor
Pressure Sensor
Other Types

Segmentation by End User
Telecommunication
Aerospace
Construction and Infrastructure
Energy and Power
Mining
Other End-user Industries

Segmentation by Geography
North America
Europe
Asia-Pacific
Rest of the World

The temperature sensor segment holds the largest market value, reaching USD 227.4 milioni di euro 2022 and projected to reach USD 394.7 milioni di 2028, with a Compound Annual Growth Rate (CAGR) of 9.47% during the forecast period. Fiber Bragg grating (FBG) temperature sensors are strategically installed within industrial environments, including areas to be monitored and casting molds, where they are embedded directly into the hot casting zone. This enables distributed measurements in confined spaces, making FBG temperature sensors vital for production and industrial process monitoring in sectors like metal casting, chemical, and processing industries. FBG sensors are essential for enhancing production efficiency, reducing downtime and maintenance costs. Their appeal is further heightened by advancements in fiber optic sensing, enabling multiplexing of tens to hundreds of measurement points on a single optical line without compromising accuracy or reliability.

The aerospace segment currently leads the market in terms of value, standing at USD 222.2 milioni di euro 2022, and is expected to reach USD 392.8 milioni di 2028, exhibiting the highest CAGR of 9.81% during the forecast period. FBG sensors have demonstrated their suitability for various aerospace engineering applications, offering high precision, remote sensing capabilities, and lightweight characteristics. These sensors find extensive use in high-pressure sensing, ground-based aerodynamic test facilities, shock pressure sensing, spacecraft monitoring, and structural health monitoring of aircraft composites. Furthermore, FBG sensors are instrumental in airplane wing monitoring, fuselage fatigue analysis, and smart composite manufacturing for aircraft and space structures. Given the harsh and complex operating conditions in the aerospace industry, the selection of suitable sensors that can withstand extreme external environments while ensuring accuracy, reliability, precision, and repeatability is of paramount importance for industry players. Fiber optic technology configured with FBG sensors provides a dependable and lightweight solution for measuring and monitoring temperature along aircraft bleed air ducts, control valves, and critical areas.

Geographically, North America holds the largest market share of 37.57% in 2022 and is expected to reach USD 406.8 milioni di 2028. In contrast, the Asia-Pacific region is projected to witness the highest CAGR of 9.15% during the forecast period. The demand for FBG sensors in the Asia-Pacific region is driven by rapid industrialization in countries such as China, India, Giappone, and South Korea. FBG-based sensors, including those for temperature, pressure, and strain, are extensively used in various process control industries such as water treatment, oil and gas, mining, and power generation. The growth of water and wastewater infrastructure in the region further boosts the deployment of FBG sensors. Governments in the region are actively supporting the manufacturing industry’s growth, creating additional opportunities for the FBG sensor market. For example, China has introduced measures to facilitate foreign investment in the manufacturing industry, enhancing trade and customs clearance processes. The Asia-Pacific region is home to some of the world’s largest power-generating countries, like Japan, India, and China, driving demand for FBG sensors in the power generation sector.

Panorama competitivo

The Fiber Bragg Grating Sensor Market is characterized by a high degree of fragmentation, with prominent players such as FBGS International NV, Smart Fibres Ltd, Micron Optics (Luna Innovations), Timbercon Inc., and National Instruments Corporation operating within it. In order to enhance their product offerings and gain a sustainable competitive advantage, companies in this market are implementing various strategies, including forming partnerships and engaging in acquisitions.

In June 2022, the EV startup NIO Inc. made an announcement about a new brand capable of producing 500,000 cars annually. Projects of such significant scale, due to their capacity to incorporate FBG temperature sensors directly into the hot casting zone, are expected to drive an increase in demand for these sensors.

In March 2022, The ANGELA Consortium successfully completed and delivered a flight-cleared landing gear system to Airbus Helicopters, which will be integrated into the RACER high-speed compound helicopter. Technical expertise was provided by companies like Aviatest, M&S Engineering, Centre Composite, and Techno System Developments in various forms. Among these contributions was the implementation of a smart landing gear equipped with an FBG sensor network for hard landing detection.

Key companies profiled in this report include FBGS International NV, Smart Fibres Ltd, Micron Optics (Luna Innovations), Timbercon Inc., National Instruments Corporation, HBM Inc. (An HBK Company), Broptics Technology Inc., ITF Technologies, Advanced Optics Solutions (AOS) GmbH, Technica Optical Components LLC.

Recent Industry Developments

In February 2023, the UK government, in collaboration with the industry, made a significant investment of EUR 113 million (Dollaro statunitense 120.65 million) in hydrogen and all-electric flight technologies. The primary objective of this investment is to pave the way for guilt-free flight options and to promote the creation of green jobs throughout the UK. As part of this initiative, a Bristol-based electric aircraft manufacturer, Vertical Aerospace, will undertake a project to develop advanced lightweight batteries. Additionally, Rolls-Royce will lead a project aimed at developing the foundational elements of a liquid hydrogen combusting jet engine, a crucial step towards enabling flights without carbon emissions.

In October 2022, the French government introduced its energy sobriety plan, which targets a 10% reduction in energy consumption by 2024. Through a comprehensive package of measures, the government aims to achieve a reduction of approximately 50 terawatt hours (TWh) per year in energy consumption. This plan also represents an initial stride towards achieving carbon neutrality, with the ultimate goal of attaining a 40% reduction in energy consumption by 2050. As a consequence of such developments, there is an anticipated increase in the demand for Fiber Bragg Grating (FBG) sensors, which will further bolster the growth of the FBG sensor market.

Key Questions Answered

What is the projected size of the Fiber Bragg Grating Sensor Market?
The Fiber Bragg Grating Sensor Market is anticipated to achieve a size of USD 703.3 milioni di euro 2023 and is projected to grow at a CAGR of 8.83% to reach USD 1,073.6 milioni di 2028.

What is the current market size of the Fiber Bragg Grating Sensor Market?
As of 2023, the Fiber Bragg Grating Sensor Market size is expected to reach USD 703.3 million.

Who are the key players operating in the Fiber Bragg Grating Sensor Market?
The major companies operating in the Fiber Bragg Grating Sensor Market include FBGS International NV, Smart Fibres Ltd, Micron Optics (Luna Innovations), Timbercon Inc., and National Instruments Corporation.

Which region experiences the fastest growth in the Fiber Bragg Grating Sensor Market?
The Asia Pacific region is estimated to exhibit the highest Compound Annual Growth Rate (CAGR) over the forecast period (2023-2028) in the Fiber Bragg Grating Sensor Market.

Which region holds the largest market share in the Fiber Bragg Grating Sensor Market?
In 2023, North America accounts for the largest market share in the Fiber Bragg Grating Sensor Market.