How big is the Fiber Bragg Grating Sensor Market?

The Fiber Bragg Grating Sensor Market size is expected to reach USD 0.76 billion in 2024 and grow at a CAGR of 8.83% to reach USD 1.16 billion by 2029. Read More

What is the current Fiber Bragg Grating Sensor Market size?

In 2024, the Fiber Bragg Grating Sensor Market size is expected to reach USD 0.76 billion. Read More

Who are the key players in Fiber Bragg Grating Sensor Market?

FBGS International NV, Smart Fibres Ltd, Micron Optics (Luna Innovations), Timbercon Inc. and National Instruments Corporation are the major companies operating in the Fiber Bragg Grating Sensor Market. Read More

Which is the fastest growing region in Fiber Bragg Grating Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Fiber Bragg Grating Sensor Market?

In 2024, the North America accounts for the largest market share in Fiber Bragg Grating Sensor Market. Read More

What years does this Fiber Bragg Grating Sensor Market cover, and what was the market size in 2023?

In 2023, the Fiber Bragg Grating Sensor Market size was estimated at USD 0.7 billion. The report covers the Fiber Bragg Grating Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fiber Bragg Grating Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Fiber Bragg Grating Sensor Market Share

Statistics for the 2023 & 2024 Fiber Bragg Grating Sensor market share, created by Mordor Intelligence™ Industry Reports. Fiber Bragg Grating Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Fiber Bragg Grating Sensor Industry

The Fiber Bragg grating sensor market is characterized by a diverse landscape, featuring prominent players such as FBGS International NV, Smart Fibres Ltd, Micron Optics (Luna Innovations), Timbercon Inc., and National Instruments Corporation. Market participants are strategically employing tactics like partnerships and acquisitions to bolster their product portfolios and establish a sustainable competitive edge.

In January 2023, Technica Optical Components marked a significant achievement by successfully manufacturing their one millionth FBG sensor. The company offers an extensive range of FBG products, encompassing FBG sensors, FBG arrays and cables, as well as FBG packaged sensors, positioning the company as a leading provider of fiber Bragg grating sensors.

In December 2022, Technica Optical Components introduced a new line of Fiber Bragg Grating-based Temperature Sensors engineered for operation in cryogenic environments. These sensors feature an advanced unibody micro-structured design, specifically optimized for precise temperature measurements in ultra-low temperature settings. The technology leverages high-precision, advanced cryogenic-rated materials and incorporates Technica-manufactured FBGs within the fiber cores to deliver a transducer configuration characterized by exceptional precision, resolution, and repeatability.