The Global Fiber Optic Market is growing rapidly mainly due to its augmented uses in some of the burgeoning industries that use technologies for example computer networking, broadcasting, medical scanning, and military equipment. Fiber Optic cables are predominantly used in Telecom and Data management (internet Service providing companies) to carry information over long distances quite superiorly as compared to copper cables with higher bandwidth and no signal loss or interference. The Fiber Optics offer high bandwidth allowing more data at the lighting speed. Besides the growing opportunities in the healthcare sector such as endoscopic imaging applications and biomedical sensing applications are boosting the market growth of Fiber Optics.
Accrediting its heightened uses due to which Fiber Optics market is vibrating with the substantial prominence and the growth prospects the market is demonstrating currently; the Market Research Future, recently published a meticulous study report giving out the complete market prognosis accentuating the growth opportunities. In its Analysis, MRFR asserts that the global Fiber Optic market will ascend up to USD ~6 billion by 2027, registering a significant double digit CAGR of ~10% during the forecast period 2017-2027.
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Major Key Players
Molex Incorporated (U.S.),
Anixter International (U.S),
Optical Cable Corporation (U.S.),
Fujikura Limited (Japan),
Ofs Fitel, Llc (U.S.),
Prysmian Spa (Italy),
Infinera Corporation (U.S.),
Corning INC. (U.S.),
Birla Furukawa Fiber Optics (India),
AFC Group (Australia), Finolex Cable Limited (India), Sterlite Technologies (India), Pepperl+Fuchs (Germany), Geokon, Incorporated (U.S.), L-com.com (U.S.), TE Connectivity (Switzerland), and Extron Electronics (U.S.) are some of the prominent players at the forefront of competition in the Global Fibre Optic Cable Market and are profiled in MRFR Analysis.
December 22, 2017 – Europe – Ripley Tools, LLC.( the global leader in the design and manufacture of cutting, stripping and cable preparation tools in the fiber optic and telecommunications industries) announced the acquisition of Optical Design Manufacturing (ODM) Inc., a design and manufacturer of quality fiber optic testing equipment. ODM’s electronics expertise will expand Ripley’s current product offering and provide additional solutions to customers of their Miller® brand fiber optic cable preparation tool line.
December 19, 2017 – (US) – Adelos, Inc. and the U.S. Navy announced their collaboration into a Cooperative Research and Development Agreement (CRADA) to develop new capabilities related to Phosonic™ 3.0+ fiber optic sensor system for border and perimeter security applications. The CRADA represents specific collaborative areas of research between the U.S. Navy and Adelos, and extends a long-term, valuable relationship between the research partners. These areas involve advanced materials design, acoustic signal processing applications, target classification algorithms, and other areas of interest to the US Government.
Fibre Optic Cable Global Market – Segmentation
The Fibre Optic Cable Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Single mode and multi-mode.
Segmentation by Components: Comprises Connectors, amplifiers, couplers, transmitter and receivers among others.
Segmentation by Application: Comprises Telecommunication, oil & gas, aerospace & defence, and data network, utilities among others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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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