Global Fiber Optics Market Overview :

Global Fiber Optics market is estimated to reach $8.7 Billion by 2025; growing at a CAGR of 4.5% till 2025. Fiber optics sends information coded in light beam down a plastic or glass pipe. It is of three types single mode, multi-mode, and plastic optical fiber. Single mode is thin which about 5-10 micron in diameter. Moreover, it is used to carry internet and TV cable. Multi-mode fiber is ten times bigger than of sing-mode and is used for can comparatively short distance such as to link computer network. Plastic optical fibers are used for medical instruments, automotive and audio & video interface.

Global Fiber Optics Market: Growth Factors

Increasing use of FTTX in the telecommunication industry and growing adoption of high bandwidth for communication is a major factor driving the market growth. Moreover, rising demand for optical fiber in the healthcare sector for applications such as imaging, illumination, and endoscopy is also fueling the market growth. However, the rising trend of wireless communication systems might hamper market growth. Technological advancement and its widespread applications are factors propelling the market growth in the coming years.

Global Fiber Optics Market: Segmentation

The global fiber optics market is mainly classified on the basis of type and application. Based on the type, the market is classified as single mode, multimode, and plastic optic fiber. On the basis application, the market is divided into telecom, oil & gas, military & aerospace, BFSI, medical, railway, and others. 

Global Fiber Optics Market: Regional Analysis

Based on geography, the global fiber optics market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided into the U.S., Canada, and Mexico, whereas Europe includes UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is categorized as India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is classified into South America, the Middle East, and Africa

Global Fiber Optics Market: Competitive Players

Key players operating in the market include OFS Fitel, LLC, Sterlite Technologies Limited, Optical Cable Corporation (OCC), Corning Incorporated, Finolex Cables Limited, Prysmian Group, Yangtze Optical Fiber and Cable Co., Ltd. (YOFC), AFL Telecommunications LLC.

Fiber Optics Market Key Segments:

By Type

  • Single mode
  • Multi-mode
  • Plastic Optical Fiber

By Application

  • Telecom
  • Oil & Gas
  • Military & Aerospace
  • BFSI
  • Medical
  • Railway
  • Others

By Geography

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East
    • Africa

Key Market Players

  • OFS Fitel, LLC
  • Sterlite Technologies Limited
  • Optical Cable Corporation (OCC)
  • Corning Incorporated
  • Finolex Cables Limited
  • Prysmian Group
  • Yangtze Optical Fiber
  • Cable Co., Ltd. (YOFC)
  • AFL Telecommunications LLC

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies to fortify their foothold in the market

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