Fiber Optics - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Fiber Optics Market is accounted for $3.91 billion in 2018 and is expected to reach $10.84 billion by 2027 growing at a CAGR of 12.0% during the forecast period. Increasing demand for the internet, growing need for Fttx and growth in the telecom industry are the major factors driving the market growth. However, high initial acquisition and installation costs are restraining market growth.
Fiber optics is one of the methods of transmitting data that works by sending pulses of light through an optical fiber. The light transmitted then forms an electromagnetic carrier wave balanced to convey data. Fiber optics cable is utilized mostly for digital transmission of information and is increasingly being used because of its efficiency and high transmission capacity. Fiber optic cables are utilized commonly when high bandwidth, long-distance, or immunity from external or internal interferences is required.
Based on the optical fiber type, the glass segment is likely to have a huge demand due to high performance, easy availability of glass fiber optics and increasing demand from various applications. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the technological advancements, large-scale adoption of the technology in IT and Telecommunication as well as administrative sector and the increasing application of fiber optics in the medical sector across the countries, such as China, Japan, and India.
Some of the key players profiled in the Fiber Optics Market include Corning Inc., The Prysmian Group, Sterlite Technologies Ltd, Leoni AG, Hitachi Cable Ltd, AFL Telecommunications LLC, Yangtze Optical Fiber and Cable Co Ltd (YOFC), Optical Cable Corporation, Finolex Cables Limited, FiberHome, Jiangsu Etern, Futong, Fujikura, Sumitomo, Tongding, CommScope, General Cable, Belden, Fasten and Furukawa.
Index Types Covered:
• Step Index
• Graded Index
Cable Types Covered:
• Plastic Optical Fiber (POF)
Optical Fiber Types Covered:
• Transmitters & Receivers
• Fiber Non-Imaging
• Fiber Imaging
• Fused Imaging
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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