In this article, an extensive analysis of the performance of the fiber optics-based abrasion sensor that utilizes chirped fiber Bragg grating, is presented. For the response investigation during abrasion, a numerical analysis, based on the transfer matrix method and coupled mode theory, is provided. The influence of the SLED source spectral position in respect to the spectral position of the chirped fiber Bragg grating is evaluated together with the influence of the changes of the ambient temperature of the sensor. Experimental verification of the sensor’s performance is provided, together with the proposition of the packaging of the sensor. In the article, a simple, cost-effective and multiplexation-ready concept of the wear or abrasion sensor system is presented and discussed.