Press release
Optical Fiber Market Will Hit at a Volume CAGR 12.8% From 2027 - Top Companies Corning Incorporated, Prysmian Group,Finisar, Furukawa Electric, Hengtong Group, Nexans SA, Sumitomo Electric Industries and ZTT Group
Optical Fiber Market
Optical Fiber Market is expected to grow from US$ 11.30 Bn in 2017 to US$ 36.99 Bn by 2027 at a CAGR of 12.8% between 2018 and 2027.
The growing demands for an increase in the speeds of data transfer over a network with minimum data losses have spurred the need for implementations of optical fiber cables. The losses in copper wire data transmissions have engaged the researchers constantly under a task to look out for a more efficient method to transmit data. These two factors have had bolstered the global optical fiber market. The Asia Pacific is the largest adopter of optical fiber equipment, followed by North America, and Europe. The APAC region with growing numbers of infrastructures and increasing technological trends is anticipated to be the fastest growing region in terms of optical fiber market.
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Top Dominating Key Players:
1. Corning Incorporated
2. Prysmian Group
3. Yangtze Optical Fiber And Cable Co. Ltd.
4. Fiberhome Telecommunication Technologies Co. Ltd.
5. Finisar Corporation
6. Furukawa Electric Co., Ltd.
7. Hengtong Group Co., Ltd.
8. Nexans SA
9. Sumitomo Electric Industries, Ltd.
10. ZTT Group
Optical Fiber Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
The Optical Fiber Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Market Segmentations:-
Global Optical Fiber Market - By Type
• Step Indexed Optical Fiber
• Graded Indexed Optical Fiber
Global Optical Fiber Market - By Mode
• Single Mode
• Multi-mode
Global Optical Fiber Market - By Composition
• Glass
• Plastic
Global Optical Fiber Market - By End-user
• IT & Telecom
• Defence
• Industrial
• Medical
• Others (R&D, Automobiles, Infrastructural health monitoring, Oil & Gas)
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Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Optical Fiber Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Optical Fiber, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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