Market Research Report
Global Fiber Optics Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||606114|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Fiber Optics Market Research Report, Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: February 13, 2018||Content info: 190 Pages||
The global fiber optics market is expected to rise with a CAGR of 11% during the forecast period 2016-2023. The key factors driving the market growth are application across major end user industries such as military, healthcare etc., demand for high speed internet connection, increased adoption of cloud computing, rapid development in telecommunication industry and emergence of fiber to the X (FTTX).
Geographically, fiber optics market is segmented into Asia Pacific, Europe, North America and ROW. North America is the leading market region for global fiber optics market in terms of market revenue share. The key factors driving the market growth in North America is the technological advancement in the fiber optics, rising number of internet users which has enhanced the growth of fiber optics market in North America. According to International Telecommunication Union, in 2015, internet users in North America were the highest accounting for 88% of total population in North America. Asia-Pacific is the fastest growing market region during the forecast period 2016-2023 owing to the increase in demand for the internet from emerging APAC countries such as India, China and the growing IT and telecom industry in Asia Pacific region.
Global fiber optics market is influenced by the presence of leading companies such as Corning Inc., Dow-DuPont, Furukawa Electric, Leoni AG, etc. Product launch, joint venture, merger and acquisition are some of the crucial strategies adopted by the key market players to gain competitive advantage.
Global fiber optics market report covers segmentation analysis of cable type, optical fiber type and applications. Report further covers segments of cable types which include single mode cable and multi-mode cables. Single mode optical fiber is the dominating cable type segment owing to the increasing penetration of telecommunication services in the emerging countries such as China, India, U.S., etc. which has attributed to the increasing demand for single mode cable globally. Report further covers segments of optical fiber types which include glass optical fiber and plastic optical fibers. Glass optical fiber types is the fastest growing optical fiber type segment owing to the initiatives taken by governments of various countries in order to increase the network connectivity, and surging demand for high speed internet. Also, the applications of fiber optics include communication applications (Telecom, Premises, Utility, cable antenna television, Industrial, Military, etc.) and non-communication applications (Sensors and Fiber Optic Lighting).