Optical Fiber Market Growth to 2025 by Leading Players Sterlite Technologies, Finolex Cable Limited, OFS Fitel, LLC, Corning Inc., Prysmian SpA, Yangtze Optical Fiber and Cable Co Ltd, Fujikura Limited, Sterlite Technologies, Finolex Cable Limited, OFS Fi

According to a new market research study titled ‘Optical Fiber Market to 2025 – Global Analysis and Forecasts by Type and End-user’, the global Optical Fiber market was valued at US$ 9.52 Bn in 2015 and is estimated to reach US$ 27.88 Bn by 2025. The report highlights the trends prevalent in the global Optical Fiber market and the factors driving the market along with those that act as deterrents to its growth.

The report on optical fiber industry will help major players and the new entrants to understand scrutinize the market in detail. This information will encourage the major players to decide their business strategy and achieve proposed business aims.

Burgeoning optical fiber demands in growing economies such as China, India and Brazil to boost the Optical Fiber Market at a CAGR of 11.7%.

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One of the prime factors that are driving the demands for optical fiber cables is the growing needs for fast and improved networking and network services and growing penetration of broadband connections among developed and developing countries. Governments of various countries worldwide have laid their stress on the reach of high speed internet services in urban and rural areas of their countries. A fiber optic cable ensures maximum reach out of services with very less attenuations, higher bandwidths and greater reliability over longer distances as a result of which three has been a meteoric rise in its implementations in various corners of the globe.

Leading Players:

- Corning Inc.
- Prysmian SpA
- Yangtze Optical Fiber and Cable Co Ltd.
- Fujikura Limited
- Sterlite Technologies
- Finolex Cable Limited
- OFS Fitel, LLC

The technology which utilizes the physical properties of light by modulating a light signal with voice or data and sends it through a fiber by the virtue of Total Internal Reflection (TIR) is referred to as optical fiber technology. The growing demands for increase in the speeds of data transfer over a network with minimum data losses has spurred the need for implementations of fiber cables. The losses in copper wire data transmissions had researchers constantly put on a task to look out for a more efficient method to transmit data.

The global Optical Fiber market has been segmented on the basis of type into step indexed and graded indexed optical fiber. Additionally, this market is also segmented on the basis of end-users into Broadcast, IT & Telecom, and Industrial, Defense, Medical and Others. Geographically, the global optical fiber market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

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The report segments the global optical fiber market as follows:

Global Optical Fiber Market – By Types
- Step Indexed Optical Fiber
- Graded Indexed Optical Fiber

Global Optical Fiber Market – By End-user
- Broadcast, IT & Telecom
- Industrial
- Defense
- Medical

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This release was published on openPR.