Over the past three to four decades, fiber Bragg grating amplifiers are increasingly being used in different applications, including energy, telecommunication, medical, civil & geotechnical, industrial, and research. Due to advancements in technology, and advent of reliable sensing elements and fiber laser components, fiber Bragg grating amplifiers have improved at a rapid pace. In addition, considerable developments have been made in the fiber Bragg grating sensing technology due to which, the global market for fiber Bragg grating amplifier market is expected to have a positive outlook.
At present, advanced fiber Bragg grating-based physical and mechanical amplifiers are increasingly being deployed across a host of industrial sectors. The widening applications of fiber Bragg grating amplifiers across robotics, oil & gas, aerospace, and smart textiles sphere, among others, are expected to provide substantial opportunities for players operating in the current fiber Bragg grating amplifier market during the assessment period. At the back of these factors, the global fiber Bragg grating amplifier market is expected to reach US$ 750 Mn by the end of 2030. In addition, considerable research and development activities are being carried out across the world to explore the potential and scope of fiber Bragg grating amplifiers in various sectors.
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Increasing Adoption in Various End-use Industries to Boost Global Market
The adoption of fiber Bragg grating amplifiers across a plethora of end-use industries is on the rise due to considerable improvements in sensor technology and fiber material. The oil & gas and the telecommunication sectors are expected to provide considerable opportunities for players operating in the current fiber Bragg grating amplifier market landscape due to ideal vibration sensing, which, in turn, ensures efficient operations across engineering systems. Giant strides taken by fiber optics communication has played a key role in redefining the telecommunication sector by offering reliable telecommunication links, minimizing bandwidth costs, and increasing performance. Developments in the fiber optic sensors space has accelerated the production of fiber optic sensors.
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Optical sensors that are primarily based on fiber Bragg grating amplifiers have acquired a higher share across the global market due to factors including its lightweight, size, ability to operate without electrical connections, and immunity against electromagnetic interference. In addition, compatibility for non-invasive remote sensing applications is another major factor that has played a key role in the development of the global fiber Bragg grating amplifier market over the past few years and the trend is set to continue during the assessment period.
The oil & gas sector is projected to provide lucrative opportunities to the participants operating in the current fiber Bragg grating amplifier market landscape, as considerable efforts are being made to minimize production costs in key reservoir exploration areas and improve oil-well production management.
Demand for Fiber Bragg Grating Amplifiers to Decline amid COVID-19 Pandemic
The ongoing COVID-19 pandemic is expected to have a negative impact on the overall growth of the fiber Bragg grating amplifier market, particularly in 2020, due to several factors such as stringent lockdowns, disruption in the supply chain, fluctuating prices of raw materials, restrictions on cross-border trade and transportation, etc. Apart from the medical sector, the demand for fiber Bragg grating amplifier is expected to remain considerably sluggish and the market growth is expected to be lower than that of 2019, due to the ongoing public health crisis. Market players are projected to focus their efforts and resources to curate effective contingency and business continuity strategies to mitigate the impact of the COVID-19 pandemic. Market players are also likely to roll out innovative solutions that could potentially enable the healthcare sector to track or contain the transmission of the novel COVID-19 infection.
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