Market Scenario:
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.
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.
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Competitive Outlook:
Eminent contenders profiled in the global fiber optic market report include Extron Electronics (U.S.), TE Connectivity (Switzerland), L-com.com (U.S.), Geokon, Incorporated (U.S.), Pepperl+Fuchs (Germany), Avantes (U.S), Luna (U.S.), Anixter International (U.S), Molex Incorporated (U.S.), AFC Group (Australia), Birla Furukawa Fibre Optics (India), Corning INC. (U.S.), Infinera Corporation (U.S.), Prysmian Spa (Italy), Ofs Fitel, Llc (U.S.), Finolex Cable Limited (India), Fujikura Limited (Japan), Sterlite Technologies (India), and Optical Cable Corporation (U.S.), among others.
Segmentation:
The MRFR report provides an inclusive segmental analysis of the global fiber optic market based on end users, applications, optical fiber type, and components.
By components, the global fiber optic market is segmented into amplifiers, transmitters and receivers, couplers, connectors, and others.
By optical fiber type, the global fiber optic market is segmented into plastics mode, multiple mode, and single-mode. Of these, the multiple mode segment will lead the market over the forecast period.
By applications, the global fiber optic market is segmented into sensors, premises, security, CATV, fiber optic lighting, and others.
By end users, the global fiber optic market is segmented into utilities, aerospace, military, and telecom and broadband. Of these, telecom and broadband segment will dominate the market over the forecast period.
Regional Analysis:
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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
Continued….
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By 2025, the global fiber optics market size is projected to grow to more than USD 30 billion owing to wider adoption by the telecommunication sector.
These benefits make fiber optics the ideal solution for deployment in 5G and fiber-to-the-home networks by telecoms and are further driving the global fiber optics market growth.
Additionally, medical fiber optics application such as endoscopy and laser therapeutics are also expected to surge in demand during the estimated period driving the market growth of global fiber optics market.Request a sample of this report @ https://www.adroitmarketresearch.com/contacts/request-sample/396Adroit Market Research studied Global Fiber Optics Market Size by Type (Single mode and Multi-mode), by Material Type (Glass and Plastic), by Vertical (Telecommunication & Broadcasting, Networking infrastructure, Oil & Gas, Automotive, Defense & Aerospace, Healthcare, Rail networks, and Others) and by Region.
The fiber optics market analysis includes value chain, Porter’s Five Forces analysis, market drivers, restraints, opportunities and key market developments of major players.
Single mode fiber optics is capable of higher bandwidth data-transmission over long-haul networks.
Further, heavy investments in 5G networks coupled with government initiatives such as Digital China & Broadband China and smart city projects in China are expected to increase fiber optics demand in the region during the estimated period boosting the global fiber optics market.Browse the complete report @ https://www.adroitmarketresearch.com/industry-reports/fiber-optics-marketThe global fiber optics market is dominated by players such as Corning Inc., The Prysmian Group, Sterlite Technologies Ltd., Leoni AG, Hitachi Cable Ltd., Birla Furukawa Fibre Optics Limited, YOFC, Optical Cable Corporation, and AFL Telecommunications LLC.
