Fiber Optics Market is growing at 9.8% Compound annual growth rate (CAGR) and projected to reach $5.00 Billion by 2021. The Middle East & Africa is projected to exhibit the fastest growth rate in the fiber optics market from 2017 to 2021.
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Fiber optics market is growing due to the importance of cloud computing, data transfer & storage, and IoT is driving the use of the Internet, which is driving the fiber optics market, as it acts as the backbone for data transmission.
The Fiber Optics Market is projected to grow at a high rate from 2016to 2021. The companies profiled in this report include Corning Inc. (U.S.), Prysmian Group (Italy), AFL Global (U.S.), Finisar Corporation (U.S.), Leoni AG (Germany), Furukawa Electric Co., Ltd.
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(Japan), LS Cable & System Ltd. (South Korea), General Cable Corporation (U.S.), and Finolex Group (India),among others.
The demand for the Internet is also driven by several other factors such as an increase in the number of connected devices in homes, increase in the demand for Over-The-Top (OTT) video content, and the increasing Internet access.
The market for the single cable type is expected to grow at a high rate from 2016 to 2021. The next generation of high bandwidth applications, along with the proliferation of connected devices, is expected to require faster and higher bandwidth networks which will require the use of multi-mode cable for data transfer.
This growth in the FTTx networks, in turn, is expected to drive the fiber optics market.
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Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Market
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
The market for glass optical fiber is expected to grow at a high rate from 2016 to 2021. Advantages such as greater bandwidth; immunity to interference from vibrations & electricity; and the lightweight are expected to drive its market in applications such as telecom and CATV which require mechanical protection against stress.
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The growth of the Fiber Optics Market in this region is mainly attributed to its increasing applications such as telecom, industrial, CATV, and sensors. The UAE, Saudi Arabia, and Iran are the most preferred destinations for major infrastructure projects in the region.
Break-up of profiles by the primary participants for the report
- By Company Type – Tier 1–37%, Tier 2–50%, and Tier 3–13%
- By Designation – C Level– 50%, Director Level–31%, and Others–19%
- By Region – North America–32%, Europe–31%, Asia-Pacific–25%, Middle East & Africa–6%, and Latin America–6%
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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on fiber optics offered by the top players in the global fiber optics market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the fiber optics market
- Market Development: Comprehensive information about lucrative emerging markets –the report analyzes the markets for fiber optics across regions
The fiber optics market can be classified into application segments, such as telecom, premises, utility, cable antenna television (CATV), military, industrial, sensors, and fiber optic lighting, among others. The telecom segment is projected to be the largest market for fiber optics due to the growing demand for Internet connectivity in emerging nations.
This segment is projected to continue to lead due to the growing telecommunication industry in regions such as the Asia-Pacific, and the Middle East & Africa. Owing to these factors, demand in the fiber optics market is expected to grow in the telecom application.
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