Global Fiber Optics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global fiber optics market in its upcoming report titled, “Global Fiber Optics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global fiber optics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global fiber optics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global fiber optics market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fiber optics market report has been segmented on the basis of type, application, and region.
Fiber optics, or optical fiber, refers to the medium and technology related to transmission of information as light pulses along a glass, plastic strand or fiber. Fiber optic cables can contain a varying number of such glass fibers, and the core is encased in another glass layer called cladding. A layer known as a buffer tube protects the cladding, and a jacket layer acts as the final protective layer for an individual strand. Fiber optics technology enables data to be transmitted at high speed in the form of light, which is then converted into binary data at the receiver end. In addition, fiber optics is less prone to interference as compared to metal cables.
Growth of the global fiber optics market is driven significantly by increasing Internet usage globally, owing to high speed and transfer with large bandwidth. Also, digital transmission of data using optic fibers is increasing more as compared to copper wires due to higher reliability, speed, security, and transfer capacity of fiber optics. This is resulting in increasing adoption in the telecommunication sector and for computer networking, which is another factor driving overall market growth, and this trend is expected to continue over the forecast period. In addition, increasing use in sectors such as residential, commercial, and government is further expected to drive market growth.
Some major factors restraining growth of the global fiber optics market is the high initial costs for deployment. Also, fiber optics are more fragile than metal wires and are difficult to connect. Growth of wireless communication technology is another factor expected to hamper growth of overall fiber optics market.
However, players in the global fiber optics market can capitalize on opportunities arising rapid and rising adoption of this technology in IT and healthcare sectors, owing to increasing investment by various companies and upgraded infrastructure, especially in developed and developing countries across the globe.
Asia pacific is projected to witness relatively fast growth in global fiber optics market due advancements in telecommunication sector, where in china will have highest market share in this region. North America holds the highest market currently and Europe will be showing significant growth during forecast period in global fiber optics market. Among other regions, increase in use of broadband technology and increasing awareness in Latin America is likely to cause a rise in the demand for fiber optic market.
Global fiber optics market segmentation by type:
- Single mode fiber optics
- Multimode fiber optics
- Plastic optical fiber
Global fiber optics market segmentation by application:
- Electronics and communication.
- Oil and Gas.
- Defense and Aerospace.
- Medical and healthcare.
Global fiber optics market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Corning Inc.
- Prysmian group
- AFL global
- Belden Inc.
- Finisar Corporation
- Finolex Cable Limited
- Sumitomo Electric Industries Ltd.
- Furukawa Electric Co. Ltd.
- Yangtze Optical Fiber
- Cable Joint Stock Limited Company
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