Registering a CAGR of 10.6% over the forecast period of 2022-2027, the global Fiber Optics Market is anticipated to reach the market value of USD 9.73 billion by 2027 from SD 4.48 billion in 2019.
An optical fiber is a transparent and flexible fiber which is made by drawing plastic or glass and it is used to transmit light. The optical fiber has numerous usages in fiber-optic communications, where they allow transmission over longer distances along with higher bandwidths than wire cables. In the year 2017, the global optical fiber market was valued at US$ 3,477 million and it is anticipated to reach $8,153 in the year 2025 by registering a CAGR of 11.6% over the forecast period of 2018-2025.
The fibre optics market research report provides analysis and insights into the numerous aspects that are likely to be present throughout the forecast period, as well as their implications for market growth. Fiber optics market growth is accelerating due to increased demand for the technology from various business verticals. An optical fibre is a translucent, flexible fibre that is used to transport light and is formed by drawing glass or plastic. This type of cable has a wide range of applications in fiber-optic communications, allowing transmission over longer distances and at higher bandwidths than wire cables.
The report also assesses the key opportunities in the Fiber Optics market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Fiber Optics Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
Top Key Players in the Fiber Optics Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fiber Optics Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Fujikura, Sumitomo, Tongding, CommScope, Sterlite, FiberHome, Jiangsu Etern, ZTT, General Cable, Belden, Fasten, Nexans, Kaile Corning and others.
June 03, 2021: Corning Introduces Revolutionary Fiber Designed to Accelerate Network Transformation to 5G, Cloud, and Beyond--
Corning Incorporated (NYSE:GLW) today introduced its latest innovation, Corning SMF-28® Contour optical fiber, to help telecommunications operators address the ever-expanding number of connected devices, build-out of 5G networks, and advances in cloud computing.
Global Fiber Optics Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Fiber Optics Market is segmented based on the type, applications, companies, and regions.
By Type, Fiber Optics Market has been segmented into
By Applications, Fiber Optics Market has been segmented into,
The report offers in-depth assessment of the growth and other aspects of the Fiber Optics Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Fiber Optics Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Fiber Optics Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 10.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Fujikura, Sumitomo, Tongding, CommScope, Sterlite, FiberHome, Jiangsu Etern, ZTT, General Cable, Belden, Fasten, Nexans, Kaile Corning and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 163 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the growth rate of Fiber Opticss Market?
The Fiber Opticss Market is growing at a CAGR of 10.6% over the next 5 years.
Who are the key players in Fiber Opticss Market?
Prysmian, HTGD, Furukawa, Corning, YOFC, Futong, Fujikura, Sumitomo, Tongding, CommScope, Sterlite, FiberHome, Jiangsu Etern, ZTT, General Cable, Belden, Fasten, Nexans, Kaile Corning and others.
What are the significant types of Fiber Opticss Market?
Long-Distance Communication, FTTx, Local Mobile Metro Network, Other
What are the major end-use applications of Fiber Opticss Market?
Multi-Mode Fiber Optics, Single-Mode Fiber Optics
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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