Fiber optics use glass or plastic threads (fibers) to transmit data over long distances without any interference. A fiber optic cable consists of a bundle of glass threads, each of which is capable of transmitting messages modulated onto light waves. There is a growing demand for fiber optics in telecom, premises, utility, CATV, military, industrial, sensors, fiber optic lighting, security and metropolitan activities, which is a major driver of the market.
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Analysis of Fiber Optics Market:
The Global Fiber Optics Market accounted for USD 3.25 billion in 2016 and is projected to grow at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Fiber Optics Market, By Cable Type (Single Mode, Multi-Mode), By Optical Fiber Type (Glass, Plastic) By Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan) – Industry Trends and Forecast to 2024
Major Market Competitors:
- Corning Inc.
- Prysmian Group
- Finisar
- AFL
- Sumitomo Electronics Industries (SEI)
- Ls Cable & System
- Leoni AG
- Furukawa Electric
- General Cable Corporation
- Finolex
- Himachal Futuristic Communication Ltd.
- OFS Fitel, LLC
- Amphenol FSI and their Licensors
- Simco-Groups
- Many more.
Major Market Drivers:
- Growing demand for high bandwidth communication
- Growth opportunities in the healthcare sector
- Growing government funding in infrastructure
Market Restraint:
- High installation cost of fiber optics network
Segmentation of Fiber Optics Market:
The fiber optics market is segmented on the basis of cable type into:
- Single Mode
- Multi-Mode
On the basis of optical fiber type, the market is segmented into:
- Glass
- Plastic
On the basis of application, the market is segmented into:
- Telecom
- Premises
- Utility
- CATV
- Military
- Industrial
- Sensors
- Fiber Optic Lighting
- Security
- Metropolitan
On the basis of geography, the fiber optics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape of Fiber Optics Market:
The global fiber optics market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Fiber Optics Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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