Fiber Optic Cable Market 2018 Global key Leaders: Amphenol Corporation, Avago Technologies, Ciena Corporation, Corning optical communications, EMCORE

Market Highlights:

An optical fiber is a type of cable which uses plastic or glass to transfer digital signals in the form of light waves. The light pulses are converted into binary values at the receiving end of an optical fiber which can be read by a computer. The cable consists of two key parts: core and cladding. The core is made of pure glass with materials like silicon dioxide whereas the cladding is doped with small amounts of boron and germanium. Doping the cladding reduces its index of refraction.

The need for high bandwidth, high efficiency, and a long-range transmission technique, is driving demand for fiber optic cables in the current market scenario. Additionally, large-scale adoption of fiber optic cables among IT & Telecommunications is fueling the market growth. However, the high installation costs of the same are hindering the market growth.

Accrediting its heightened uses due to which Fiber Optics market is vibrating with the substantial prominence and the growth prospects the market is demonstrating currently; the Market Research Future, recently published a meticulous study report giving out the complete market prognosis accentuating the growth opportunities. In its Analysis, MRFR asserts that the global Fiber Optic market will ascend up to USD ~6 billion by 2027, registering a significant double digit CAGR of ~10% during the forecast period 2017-2027.

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Major Key Players

Molex Incorporated (U.S.),
Anixter International (U.S),
Luna (U.S.),
Avantes (U.S),
Optical Cable Corporation (U.S.),
Fujikura Limited (Japan),
Ofs Fitel, Llc (U.S.),
Prysmian Spa (Italy),
Infinera Corporation (U.S.),
Corning INC. (U.S.),
Birla Furukawa Fiber Optics (India),
AFC Group (Australia), Finolex Cable Limited (India), Sterlite Technologies (India), Pepperl+Fuchs (Germany), Geokon, Incorporated (U.S.), L-com.com (U.S.), TE Connectivity (Switzerland), and Extron Electronics (U.S.) are some of the prominent players at the forefront of competition in the Global Fiber Optic Market and are profiled in MRFR Analysis.

Industry/Innovation/Related News:

December 22, 2017 – Europe - Ripley Tools, LLC.( the global leader in the design and manufacture of cutting, stripping and cable preparation tools in the fiber optic and telecommunications industries) announced the acquisition of Optical Design Manufacturing (ODM) Inc., a design and manufacturer of quality fiber optic testing equipment. ODM’s electronics expertise will expand Ripley’s current product offering and provide additional solutions to customers of their Miller® brand fiber optic cable preparation tool line.
December 19, 2017 – (US) - Adelos, Inc. and the U.S. Navy announced their collaboration into a Cooperative Research and Development Agreement (CRADA) to develop new capabilities related to Phosonic™ 3.0+ fiber optic sensor system for border and perimeter security applications. The CRADA represents specific collaborative areas of research between the U.S. Navy and Adelos, and extends a long-term, valuable relationship between the research partners. These areas involve advanced materials design, acoustic signal processing applications, target classification algorithms, and other areas of interest to the US Government.

Regional Analysis

By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, Asia Pacific is projected to show high growth rate in the forecast period. Increasing demand for high-speed internet and advancements in the telecommunications sector in developing countries are driving the market in this region.
On the other hand, Europe, the Middle East & Africa is expected to show a decent growth considering the fiber optic cable market. The proliferation of IoT devices and advanced switching techniques drive the market in this region. However, the Asia Pacific region is expected to show a significant growth throughout the forecast period. Various organizations are adopting cloud-based services in Taiwan, China, and India, which is increasing demand for high-speed data transfer services. Also, the adoption of fiber optic cable in Asia Pacific is booming which is affecting the growth of the market in Asia Pacific.

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Intended Audience
• Fiber optics manufacturers
• Fiber optics dealers
• Fiber optics suppliers
• End users,
• raw material suppliers

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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This release was published on openPR.