Single-mode Optical Fiber Market to 2025 (CAGR of 10.8% expected): Growth Drivers and Trends
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The report provides detailed analyses of the top winning strategies, growth factors & opportunities, market size & estimations, major market segments, and competitive landscape. According to the report, the global single-mode optical fiber market was pegged at $3.02 billion in 2017 and is expected to reach $6.81 billion by 2025, registering a CAGR of 10.8% during the forecast period.
Implementation of 5G, the high adoption rate of fiber-to-the-home (FTTH) connectivity, and rapid technological advancements in optical fiber cable network infrastructure would propel the growth of the global single-mode optical fiber market.
G.652 type optical fiber segment to dominate the market through 2025:
The G.652 type optical fiber segment held the largest share in 2017, contributing about 87% of the total market revenue, as they are majorly deployed in long-haul and metro-city networks. However, the G.657 type optical fiber segment is expected to register the highest CAGR of 19.8% during the forecast period, as they offer remarkable bend performance for FTTX and enterprise network. The other segments analyzed in the report include G.653, G.655, and G.656 type single-mode optical modes.
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CATV application segment to manifest the fastest growth through 2025:
The CATV segment is projected to portray the fastest CAGR of 16.5% during the forecast period, owing to increase in broadband penetration and digitalization of CATV. However, the telecommunication & networking segment held the largest share, contributing about 59% of total market revenue, owing to rise in need for greater bandwidth and faster speed connections. The other segments considered in the scope of the study include data centers, factory automation & industrial networking, military, and others.
Key market players
The report analyzes various leading major market players including CommScope, FiberHome, Furukawa Electronic Co. Ltd., Sumitomo Electric Industries Ltd., The Prysmian Group, Corning Inc., Fujikura Ltd., Nexans S.A., Cable Joint Stock Limited Company, Sterlite Technologies Ltd., and Yangtze Optical Fiber.
Single-mode Optical Fiber Market: https://www.alliedmarketresearch.com/press-release/single-mode-optical-fiber-market.html
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