Global optical fiber Market was valued US$ 7.54 Bn in 2017 and is expected to reach US$ 18.02 Bn by 2026, at a CAGR of 11.51% during a forecast period.

Global Optical Fiber Market

An optical fiber is a thin strand of plastic or glass specifically used to transmit messages via light. These strands are bundled together in a protective sheath or cover and the entire assembly is often referred to as fiber optic cable or just fiber.

The development of network infrastructure has driven the fiber optics market growth. The high bandwidth communication for long distance via an optical fiber which is gaining demand in the fiber optic market. Furthermore, the growing demand for cost-effective and power-efficient is likely to impel market demand in upcoming years. However, high installation cost & growth in wireless communication systems, and used in the development of the new fabrication technologies are projected to hamper the growth of the global optical fiber market.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding optical fiber market dynamics, structure by identifying and analyzing the market segments by mode, type, industry vertical, application, and region and, project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the particular market segment.

The multi-mode segment led the market share in 2017 and was valued at US$ 3.04 billion. The multi-mode and single mode segments are estimated to witness continuity in growth and lead the market over the forecast period. Multi-mode segment has a wider diameter than a single mode, it can capture light from the light source and pass it to the receiver with a high level of efficiency.

The plastic optical fiber is expected to largest market share during the forecast period. Plastic optical fiber is inexpensive and the installation is very simple. Plastic optical fibers allow less signal attenuation than glass fibers. Attenuation is affected by inherent material properties of the fiber optic, such as absorption, scattering, and impurities.

Asia-Pacific has led the market share in 2017 largely due to rise in penetration of optical fiber technologies in developing economies owing to various upcoming projects, such as smart cities. However, North America is estimated to witness the highest growth rate during the forecast period.
Key players in the global optical fiber market are Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Finolex Cables Ltd., Furukawa Electric Co., Ltd., Amphenol Corporation, AFL, The Prysmian Group, Finisar Corporation, Broadcom Limited, Sumitomo Electric Industries, Ltd., Nexans S.A., Birla Furukawa Fiber Optics Private Limited, Alcatel Lucent, Reflex Photonics, Inc., OFS Fitel, LLC, Tata Communications Ltd., Yangtze Optical Fiber, and Cable Joint Stock Limited Company.
This Report Is Submitted By @Global Market Research Company
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