Press release
Fiber-optic Filters Market Segmentation By Type Digital Fiber-optic Filters, Manual Fiber-optic Filters, Fixed Fiber-optic Filters, Motor Driven Fiber-optic Filters; By application Telecommunication, Automotive, Aerospace, Electronics
Due to increasing reliance of organizations on IT (Information Technology), the demand for robust, agile and cost effective IT infrastructure is growing rapidly. The fabric-optic filter market is expanding rapidly as the telecom service providers in this modern era are moving towards fiber-based networking services. Increasing advancements in telecom industry is one of the major factors driving the growth of the fiber-optic filter market worldwide.
Furthermore, the fiber-optic filter market is one of the most significantly expanding markets because of growing demand from various industry verticals. In addition, worldwide adoption of automation is expected to drive the demand for fiber-optic filters across the globe.
Fiber-optic filters are widely used optical fiber instruments for wavelength selection. In the recent past, it has been observed that wavelength division multiplexing technologies have undergone rapid technological advancements. These advancements in wavelength division multiplexing technologies are projected to propel the growth of the fiber-optic filter market during the forecast period.
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Furthermore, optical fiber networking technologies, such as wavelength routing, switching and restoration/protection, are gaining traction among enterprises, data centers and networking services providers. Owing to these factors, the fiber-optic filter market is projected to create potential opportunities for the fiber-optic filter manufacturers.
Fiber-optic filters market: Drivers and Challenges
The global fiber-optic filters market is anticipated to witness substantial growth over the forecast period. The major growth drivers in the fiber-optic filters market include increasing demand for networking instruments and increasing demand for high speed broadband connectivity. In addition, use of fiber-optic filters in various industry verticals is projected to drive the growth of the fiber-optic filters market during the forecast period.
In addition to this, advancements in telecommunication industry across the globe has led to growth in demand for fiber-optic filters across the globe. Moreover, the demand for bandwidth-intensive instruments is positively supporting the growth of fiber-optic filters market. Deployment of optical fiber networks is drastically expected to drive the market of fiber-optics filters.
However factors such as capital investment required for development of new fabrication technologies may pose a challenge to the growth of the fiber-optic filters market. Other challenge which are hindering the growth of fiber-optic filters market are worldwide financial uncertainty and macroeconomic situations, such as currency exchange rates and economic difficulties.
In 2017, the Digital Fiber-optic filters sub-segment held the maximum market share in the fiber-optic filter market. Due to advancements in optical networking technologies, the fixed fiber-optic filter segment of the global fiber-optic filters market is projected to register high growth rate.
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Due to rapid technological advancements, the telecommunication market is expected to register more that 7.0% CAGR in the global fiber-optic filter market. The telecommunication sub-segment is expected to hold maximum market share in 2018 in the global fiber-optic filter market.
Competition Landscape
Key Players
Some of the major players in the global fiber-optic filters market include Newport Corporation, DiCon Fiberoptics, Inc., WL Photonics, Inc. Agiltron Inc., RedShift Systems Corporation, Reynard, Rugate, Schneider and Spectrogon.
Regional Overview
Presentably, North America holds the largest market share in the fiber-optic filters market due to technological advancements in optical fibers and increasing demand for networking instruments. Due to growing demand for high performance data networking in Asian countries, such as India and China, the Asia Pacific will hold maximum market share for fiber-optic filters in near future. Europe is the fastest growing market for fiber-optic filters due to increasing adoption of advanced fiber-optic filters in various industry verticals. Sturdy economic progress is driving the growth of fiber-optic filters market in MEA region. The demand for fiber-optic filters market has risen dramatically over the past 18 year months globally.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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