Fiber Optics Market Brief Analysis By Top Key Players - Corning Incorporated, Optical Cable Corporation, OFS Fitel, Furukawa Electric, Sterlite Technologies, Finolex Cables, General Cable Corporation

Polaris Market Research presents a most up-to-date research on “Fiber Optics Market, [By Type (SingleMode, MultiMode, Plastic Optical Fiber); By Application (Telecommunications, Oil & Gas, Military & Aerospace, BFSI, Railway, Medical and Others); By Regions]: Market Size & Forecast, 2017 – 2026”.

According to the latest market report published by the company titled ‘Fiber Optics Market: Global Industry Analysis and Forecast, 2017 – 2026,’ the global Fiber Optics Market is projected to reach US$ 7 Bn by the end of 2026 and grow at a CAGR of 7% during the forecast period.

Request for a sample of this research report @ https://bit.ly/2J8nvmz

Major Key Players -

• Corning Incorporated
• Prysmian S.p.A.
• Optical Cable Corporation
• OFS Fitel, LLC
• AFL
• Furukawa Electric
• Sterlite Technologies Limited
• Finolex Cables Ltd.
• YOFC
• General Cable Corporation

The market for Fiber Optics is propelled by factors including, increasing penetration of internet, rising government funds for the development of broadband infrastructure, and intense research investments by the companies for development of innovative and new technology in the fiber optic to enable cost-savings.

The plastic optic fiber market is expected to notice a high growth during the projected period. The core material (polymer) used for construction of plastic optic fiber is different from the material (glass) used in single mode and multimode. This provides a dynamic application and helps in saving cost. Further, the telecommunication application segment is dominating the market for fiber optics attributed to the escalating demand for internet in developing economies. This segment is expected to witness constant growth owing to growing telecommunication industry particularly in Asia Pacific and Middle East & Africa region.

Make Inquiry about this report @ https://bit.ly/2NWBFrN

The Asia Pacific Fiber Optics Market is anticipated to witness the highest growth followed by Middle East & Africa. Increased industrialization, increasing adoption of smart devices resulting in high demand for internet, and blooming telecommunication industry are the major factor for propelling market growth in Middle East & Africa. Further, rising fiber optics applications in medical sector is driving market growth in countries including, China, India, and Japan. Also, governments of developed nations such as US, Japan, Germany, UK, and China are significantly investing to improve their country’s security infrastructure. Thus, with the adoption of fiber optics by the government, due to the benefits delivered by it, has further resulted in increased the Fiber Optics Market growth.

Corning, one of the leading company in fiber optics market stated that the market demand is surpassing supply. The company announced its plans to spend USD 176 million in the next two years for building a new manufacturing facility for optical fiber as well as to expand its existing facility. Also, Finisa, a transceiver vendor, is also planning to construct a new manufacturing plant in China and expand its existing facility in Texas. Such development reflects the increasing market growth.

Browse Complete Summary of this report @ https://bit.ly/2JdFzMs

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.