Market Research Report
Global Single Mode Optical Fiber Market Size study with COVID-19 impact, by Type, by Application and Regional Forecasts 2020-2026
|Published by||Bizwit Research & Consulting LLP||Product code||938565|
Delivery time: 2-3 business days
|Global Single Mode Optical Fiber Market Size study with COVID-19 impact, by Type, by Application and Regional Forecasts 2020-2026|
|Published: May 18, 2020||Content info:||
Global Single Mode Optical Fiber Market is valued approximately USD 3705.09 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.80% over the forecast period 2019-2026. Single-mode optical fiber cables those are designed for the transmission of a single ray or mode of light as a carrier and are used for long-distance signal transmission. As compared to multimode fiber, the single mode optical fiber cables can carry higher bandwidths and offer users with a higher transmission rate that is in nearly about 50 times longer in distance. Such type of optical fiber has wide usage in fiber-optic communications, where they allow transmission over longer distances and at higher bandwlidths than wire cables. It has commendable role in telecommunication sector to send signals with less amount of signal loss, transmitting telephone signals, internet communication and cable television signals, therefore it has larger demand in telecommunication sector. The rapid growth of telecommunication sector across the globe is the factors driving the growth of market over the forecast years. For instance: On March 27, 2019, as per Statista, the global telecommunication services market is valued at USD 1.4 trillion in 2017 and is expected to grow to almost USD 1.46 trillion by 2020. In addition, the rapid growth in internet penetration globally is expected to propel the growth of market over the forecast years. For instance: On 6 December 2018, as per International telecommunication Union (ITU), the global internet users found in 2015 were 43% which rose up to 51.2% till 2018. Also, the number of individuals using internet in 2015 was 3,170 million and increased to 3,896 million till 2018, on a global. Additionally, households with internet access around the global in 2015 were 48.9% and increased up to 57.8% till 2018. However, rapid growth in wireless communication systems is hindering the growth of market over the upcoming period.
The regional analysis of global Single Mode Optical Fiber market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the advancement in technology associated with communication sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as increasing demand for internet and rapid growth in telecommunication sector would create lucrative growth prospects for the Single Mode Optical Fiber market across Asia-Pacific region.
Major market player included in this report are:
Furukawa Electronic Co. Ltd.
Sumitomo Electric Industries Ltd.
Sterlite Technologies Ltd.
The Prysmian Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below:
Telecommunication & Networking
Factory Automation & Industrial Networking
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017, 2018
Base year - 2019
Forecast period - 2020 to 2026
Target Audience of the Global Single Mode Optical Fiber Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of Tables
List of Figures