The global fiber optic market is predicted to touch USD 6 billion at a 10% CAGR between 2017- 2023 states the recent Market Research Future (MRFR) analysis. A fiber optic, simply put, is a transparent, flexible fiber that is made of plastic or extruded glass (silica) that can work as a light pipe or waveguide for transmitting light between the fibers’ both ends. Fiber optics provides high bandwidth that allows more data to be offered at the earliest. Amplifiers, transmitters and receivers, couplers, connectors, and others are some of its components. Owing to its alluring characteristics and endless benefits, fiber optic is mostly used in utilities, aerospace, military, and telecom and broadband.
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Various factors are propelling the global fiber optic market share. As per the current MRFR report, such factors include burgeoning demand for communication having high bandwidth, development of network infrastructure, and growing opportunities, especially in the healthcare industry like biomedical sensing applications & endoscopic imaging applications.
On the flip side, the initial high investment for deployment, fragile nature, and demand for wireless communication technology are factors that may impede the global Fiber Optic Market growth over the forecast period. Besides, the temporary shutdown of manufacturing facilities resulting in a slowdown in the production due to the ongoing COVID-19 pandemic is also impacting the market growth.
Fiber Optic Market – Segmentations
The global fiber optic market is segmented into components, optical fiber type, applications, end-users and region. The components is segmented into connectors, couplers, transmitters & receivers, amplifiers and others. The optical fiber type are sub-
segmented into single mode, multiple mode and plastics mode. The applications are segmented into fiber optic lighting, CATV, security, premises, sensors, and others. The end users are segmented into telecom & broadband, military, aerospace, utilities and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Key Players
The prominent players in the global fiber optic market: Optical Cable Corporation (U.S.), Sterlite Technologies (India), Fujikura Limited (Japan), Finolex Cable Limited (India), Ofs Fitel, Llc (U.S.), Prysmian Spa (Italy), Infinera Corporation (U.S.), Corning INC. (U.S.), Birla Furukawa Fibre Optics (India), 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) and among others.
Fiber Optic Market – Regional Analysis
The global fiber optic market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global fiber optic market. The fiber optic market is witnessing a high growth due to huge demand due to application of fiber optics in different applications such as fiber optic lighting, CATV, security, premises, sensors and others in these regions. Europe is projected to hold the second largest share of fiber optic market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Fiber Optics Market
Continued…
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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