Optical Fiber Market to 2027 - Finisar Corporation, Furukawa Electric Co, Hengtong Group Co, Nexans SA, Corning Incorporated, Prysmian Group, and Sumitomo Electric Industries, ZTT Group
Growing IT & Telecom Industry Application will escalate the Optical Fiber Market at a CAGR of 12.8%
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.
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The key players of optical fiber market include Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited, among others.
Latest market study on “Optical Fiber Market to 2027 by Type (Step Indexed Optical Fiber and Graded Indexed Optical Fiber); Mode (Single Mode and Multi-Mode); Composition (Glass & Plastic); End-User (Broadcast, Telecommunication & IT, Industrial, Medical, Defense and Others) - Global Analysis and Forecast”, the Optical Fiber market is estimated to reach US$ 36.99 billion by 2027 from US$ 11.30 billion in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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.
The report focuses on an in-depth segmentation of this market based by type, mode, and composition. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user segment, IT & Telecom accounted for the largest share of the optical fiber market in 2017, and the segment is expected to continue to grow at the highest CAGR during the forecast period.
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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 market, thereby allowing players across the value chain 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 client products, segmentation, pricing and distribution
- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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