Market Highlights:
Fiber optics or optical fibers are used for the transmission of information as light pulses along a fiber made from glass or plastic strands. According to the report published by Market Research Future, the global fiber optic market is registered to expand remarkably at a robust CAGR of 10% during the forecast period of 2017-2023 and is anticipated to reach the valuation of USD 6 Bn by the end of the forecast period.
The extensive use of fiber optics in various services such as local area network, landline communications, television cable networks, and others are propelling the growth of the global fiber optic market. High demand for fiber optics in network and telecommunication industry is majorly driving the expansion of the global fiber optic market.
Persistent research and development activities have aided the fiber optic technology to gain prominence over the past few years. The use of optical fiber in the healthcare sector in various applications such as endoscopic imaging, biomedical sensing and others are some other factors that are fueling the growth of the global fiber optic market. However, the extensive labor required for installation of the network with fiber optic requires high expenditure and is a time taking process, which is likely to create hindrance in the growth of the global fiber optic market during the forecast period.
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Major Key Players
- Optical Cable Corporation (U.S.)
- Ofs Fitel, Llc (U.S.)
- Prysmian Spa (Italy)
- Infinera Corporation (U.S.)
- Corning INC. (U.S.)
- AFC Group (Australia)
- Molex Incorporated (U.S.)
- Anixter International (U.S)
- Luna (U.S.)
- Avantes (U.S)
- Pepperl+Fuchs (Germany)
- Geokon, Incorporated (U.S.
- L-com.com (U.S.)
- TE Connectivity (Switzerland)
- Extron Electronics (U.S.)
Sterlite Technologies (India), Fujikura Limited (Japan), Finolex Cable Limited (India), Birla Furukawa Fibre Optics (India), Avantes (the U.S), Pepperl+Fuchs (Germany), Geokon, Incorporated (the U.S.), L-com.com (the U.S.), TE Connectivity (Switzerland), Extron Electronics (the U.S.), Sterlite Technologies (India), and others.
According to MRFR, The global Fiber Optic Market is expected to grow at USD 6 billion by 2023, at a CAGR of ~10% during the forecast period 2017-2023.
Competitive Analysis
The skilled management in the companies functioning in the market are making business models which can bring about a fruitful phase of development. The market development by competitors encompasses strong risk management strategies which will positively influence the market. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market. The competitors in the market are determinedly trying to launch leading market positions through new policies and strategies. The competitors in the market are trying to succeed commercially by ensuring demand and supply are in balance. The key trends and players have established a positive tone for development. The momentum of the market’s growth has altered the competitive background of the market.
Industry Updates:
NASA and Made In Space have demonstrated the merits of manufacturing fiber optic filaments in microgravity. ZBLAN is the fiber optic material that is chosen for this demonstration.
Reliance Jio (India) has started the registration for optical fiber based fixed-line broadband service. It has claimed to offer download speed of one gigabit per second through this service.
Market Segmentation:
The global fiber optics market has been segmented on the basis of components, optical fiber type, application and end-users. Based on components, the fiber optic market is segmented into connectors, couplers, transmitters & receivers, amplifiers and others. Based on optical fiber type, the fiber optic market is segmented into single mode, multiple mode and plastic mode. Based on application, the fiber optic market is segmented into fiber optic lighting, CATV, security, sensors, and others. Based on end-users, the fiber optic market is segmented into telecom & broadband, military, aerospace, utilities and others.
Regional Analysis:
The regional analysis of fiber optic market is being studied for region such as Asia pacific (China, Japan, India), North America (U.S, Mexico, Canada), Europe (U.K, Germany) and Rest of the World. North America is one of the leading regions across the world in terms of market share. The fiber optic market in this region has a huge demand due to optic fibers use glass which is widely used for transmitting light over long distances, which is propelling the growth of fiber optics market. The fiber optic market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging market for fiber optic market is expected to be the highest CAGR in the coming years.
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Intended Audience
- Fiber optic companies
- Fiber optic providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
LIST OF TABLES
Table 1 Global Fiber Optics Market: By Region, 2017-2023
Table 2 North America Fiber Optics Market: By Country, 2017-2023
Table 3 Europe Fiber Optics Market: By Country, 2017-2023
Table 4 Asia-Pacific Fiber Optics Market: By Country, 2017-2023
Table 5 Middle East & Africa Fiber Optics Market: By Country, 2017-2023
Continued…….
LIST OF FIGURES
FIGURE 1 Global Fiber Optics market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Fiber Optics Market
FIGURE 4 Value Chain of Global Fiber Optics Market
FIGURE 5 Share of Global Fiber Optics Market in 2017, by country (in %)
Continued…….
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