Fiber Optics Market: Overview
Fiber Optics Market worth USD 4.8 billion is anticipated to witness significant
CAGR of 7.6% in the forecast period 2019-2025. The science of transmitting data, voice, and images by the passage of light from one point to another. Fiber optics acts as the spine of the Internet, an optical fiber cable is used as the medium for transmitting information from one point to another. The increasing demand for the faster Internet has encouraged various companies to activate the transition to FTTH, which enables high-speed internet access with faster voice and video services. Fiber optics cables are at the forefront of providing speed using the speed of light.
The demand has increased as both commercial and personal use of technology has grown highly used to the instant nature of connectivity. The growing opportunities in numerous applications like healthcare, telecommunications Military and many more are boosting the market growth of fiber optics. The market is majorly driven by the high bandwidth communication for long distance via optical fiber. Fiber optic technology has effectively replaced copper wire in long-distance telephone lines and used to link PCs within local area networks. Owing to the demand for bandwidth-intensive, high-speed, high-data-rate applications has shifted the global fiber optics market, dramatically, across the globe.
Multi-Mode fiber optic segment holds the largest market share of the Fiber optics market in terms of revenue during the forecast period
On the basis cable type, the Fiber Optics market is divided into Single mode and Multi-Mode fiber cable. Multi-Mode is projected to be the leading segment of the entire fiber optic market. Owing to applications which require high bandwidth, along with the proliferation of connected devices. The multi-mode fiber cable is used for short distance installation due to the high dispersion and attenuation rate. The quality of the signal is reduced over long distances. This application is typically used for short distance, data and audio/video applications in LANs and connections within buildings or remote office in close proximity to one another. For long distance installation, Single-mode fiber cable are the best options. This application is typically used in long distance, higher bandwidth runs by Telcos, CATV companies, and Colleges and Universities.
Among applications, the telecom segment is projected to dominate the Fiber optics market during the forecast period
Based on application, the fiber optic market is bifurcated into Telecom, Oil & Gas, Military & Aerospace, BFSI, Medical, Railway, and Others. Telecom Segment is the leading application of optic fiber market and anticipated to dominate the market over the forecast period 2019-2025. Owing to the rising technology adoption in communication and data transmission services. Fiber optics is a foremost building block in the telecommunication structure. The high information-carrying capability, or bandwidth, of fiber makes it the perfect choice for transmitting signals to subscribers.
Big portion of the telecommunications business is comprised of equipment makers manufacturing products that make and/or route connections from point-to-point via a central office location. Owing to persistent analysis & development activities and the escalating demand for high bandwidth fiber optic cable for communication and data services. The high demand for optical communication and sensing applications for various purposes provides avenues for market growth. Additionally, the growing awareness of the advantages of adopting technology is further propelling market growth.
Asia Pacific accounts for the largest market size in the global fiber optics market during the forecast period.
Geographically, the fiber optics market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific is the leading region during the forecast period 2019-2025. Due to increased technological advancements, large-scale adoption in IT & telecommunication sector. Additionally, the increasing application of fiber optics in the medical sector is also propelling the growth across countries such as China, Japan, and India. Installation of the entire system is a labor-intensive process, especially, the installation of the network, for underground and undersea connections, is one of the costliest and tedious procedures. The global fiber optics market is majorly driven by the pursuit of high bandwidth communication and growing opportunities in the healthcare, manufacturing, and telecommunication sector along with increasing government funding in the development of network infrastructure, fueling the market globally
Objective of the Study:
To analyze and forecast
market size of the Global fiber optics market, in terms of value & volume.
To examine the careful
market segmentation and forecast the market size, in terms value, on the basis
of region by segmenting fiber optics market into five regions, namely, North
America, Europe, Asia Pacific, Middle East and their leading countries.
To outline, categorized and
forecast the global fiber optics market on the basis of cable type, fiber optic
type, and application.
To examine competitive
developments like expansions, technological advancement, services, and
regulative framework within the global fiber optics market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Global Fiber Optics Market Competitive Landscape
Companies such as Corning Incorporated, Optical Cable Corporation (OCC), Sterlite Technologies Limited, OFS Fitel, LLC, Prysmian S.p.A. AFL, Birla Furukawa Fibre Optics Limited, Finolex Cables Ltd., Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), General Cable Corporation, Sumitomo Electronics Industries (SEI), Ls Cable & System, Leoni AG, Furukawa Electric are the key players in manufacturing fiber optics globally.
Key Target Audience:
Market research and consulting firms
Global fiber optics manufacturers
Research organizations and consulting companies
Organizations, associations and alliances
related to fiber optics market
Scope of the Report
By Cable Type
By Optical Fiber Type
Oil & Gas
Military & Aerospace
In addition, the report provides analysis of the fiber optics market with respect to the following geographic segments and their high performing regions:
Asia Pacific (APAC)
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.