According to our latest market study, titled” The Optical Fiber market has experienced high growth and adoption rate in the last few years and is also expected to experience significant growth and adoption rate in the years to come. One of the major reasons for high adoption of optical fibers is that it provides the end-users ease of deployment along with flexibility for high scalability. Developing digital ecosystem and high growth of data, as well as developing economies are providing ample opportunities for the players operating in the global optical fiber market. Digital ecosystem creates a splurge of huge amounts of data transfer that is possible only after availability of higher bandwidths.
To meet the deployment problems posed by end-use applications, optical fibers market are growing smaller and smaller. Optical fiber and cable producers are investing in research and development to produce smaller fibers and cables as telecom operators need high fiber count cables in lower dimensions. For instance, Prysmian will be the first business to produce a range of cables that employ optical fibers with a diameter of 180mm. Fiber optic cables are also being chosen to support the bandwidth levels catering to advanced technologies like 5G, Big Data, and IoT, which rely significantly on real-time data gathering and transmission, due to their security, scalability, and infinite bandwidth capacity to manage the massive amount of backhaul traffic being created. The introduction of 5G is intended to boost capacity and reduce latency in networks.
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List Of TOP KEY PLAYERS in Optical Fiber Market Report are –
Some of the leading Optical fiber market players are Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited, among others.
Market Overview:
Optical fibers on account of their high bandwidth provisioning capabilities become an ideal tool for data transfers. Few players that are operating successfully in global optical fiber market space are Sterlite Technologies Limited, Fujikura Limited, Corning Inc., Prysmian SpA, Yangtze Optical Fiber and Cable Co. Ltd and others. Few of the factors that might act as a hindrance in the growth of the optical fiber market are low awareness about the products, high initial investments required for implementations, end user’s reluctance and less confidence towards adoption of new technologies. High initial investments is acting as hindrance factor for new market players to enter in the market.
The telecommunication sector accounts for the largest users of fiber optical networks. Other end-users for optical fiber include military & defense, medical and industrial sectors. On account of their physical properties, fiber optics have also found few useful applications in the infrastructural health monitoring and automobile industry sectors as well.
Rising developments in the internet and telecommunication infrastructures in China and India have resulted in Asia-Pacific region being the largest implementer of Optical Fiber market. Advanced economic regions of North America and Europe have significant adoptions of fiber optic cables with a view to strengthen their internet and telecommunication infrastructure and also put to use its benefits in medical, military and defense purposes. The North America, and Europe in total holds more than half of the total market, while the regions such as Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM) are exhibiting a high growth due to various factors such as increase in internet infrastructure and rise in the lifestyles of individuals in developed as well as developing countries of the world.
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Optical Fiber Market : Segments
Adoptions of optical fiber is expected to accelerate at a high growth rate in the coming few years due to technology, communications, and government industry verticals’ inclination towards adopting such solutions which can provide better energy efficiency, easy capacity expansion, and optimized CAPEX. Many small and large organizations and enterprises in the above verticals have adopted optical fiber solutions owing to the various advantages it offers, thus influencing the market revenues and growth rates globally.
Wireless communication systems use the microwave radio spectrum to send data from one location to another. The data is sent to the receiving dishes from a central point. The most widely utilized wireless communication systems are radio frequency (RF) and fiber space optics (FSO). Wireless communication has the benefit of requiring less capital for installation than fiber optics. Another significant advantage of RF and FSO is that they do not interact with one other. As a result, both technologies may be utilized in tandem to boost efficiency in any application.
The global optical fiber market by types is broadly segmented into two categories namely step indexed optical fiber and graded indexed optical fiber. The step indexed fiber are of two types that have been clubbed into one. Single mode step indexed optical fiber and multimode step indexed optical fiber. The graded indexed optical fiber is used only in multimode because of less modal dispersions observed in it.
The most preferred modes of fiber optic cables in the market are single mode and multimode fiber optics. Although each of these fiber optics cables have their own specification that suffice the need of myriad end-user applications. The growth of single mode fiber optics is predominantly attributed to its ability to offer more advantages with respect to its reach and bandwidth.
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With tables and figures, helping analyze worldwide Global Optical Fiber Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Market.
Major Table Of Contents:
- Introduction
- Key Takeaways
- Research Methodology
- Market Landscape
- Key Market Dynamics
- Optical Fiber Market – Global Market Analysis
- Global Optical Fiber Market Analysis – By Technology
- Global Optical Fiber Market Analysis – By End User
- Optical Fiber Market – Geographic Analysis
- Industry Landscape
- Company Profiles
- Appendix
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