Optical Fiber Market Growth, Share and Key Players by 2025: Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Furukawa Electric Co., Ltd., The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries, Ltd.

The global optical fiber market was valued at $3,477 million in 2017, and is projected to reach $8,153 million by 2025, growing at a CAGR of 11.6% from 2018 to 2025.

The glass optical fiber segment is expected to grow at the highest CAGR during the forecast period owing to numerous advantages offered by glass optical fibers that include high bandwidth, immunity to interference from vibrations & electricity, and light weight. These factors fuel the demand for glass optical fibers in several applications such as community access television (CATV) and telecom.

Growth in need for fast and improved networking and network services, widespread implementation of 5G, increase in adoption of fiber to the home (FTTH) connectivity, and emergence of internet of things (IoT) majorly contribute toward the growth of the market. However, high installation cost & growth in wireless communication systems are expected to hamper the growth of the global optical fiber market.

Download report sample at: https://www.alliedmarketresearch.com/request-sample/368#utm_source=as_opr

Based on mode, the single mode segment dominated the global optical fiber market in 2017 and is expected to continue this trend during the forecast period owing to continuous increase in traffic and rise in internet speed. This has resulted in the growth in need of increased bandwidth.Furthermore, the multi-mode segment is expected to grow at the highest CAGR during the forecast period, owing to rapid growth in corporate local area networks (LANs) where multimode fiber is cost-effectively deployed.

The global optical fiber market was led by the telecom & IT segment in 2017 and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth owing to increased adoption of optical fiber in advanced biomedical instruments to enable efficient patient monitoring, diagnosis, and treatment.

For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/368#utm_source=as_opr

Some of the key market players profiled in the report include Fujikura Ltd., Corning Incorporated, Sterlite Technologies Ltd., Furukawa Electric Co., Ltd., The Prysmian Group, Finisar Corporation, Sumitomo Electric Industries, Ltd., Nexans S.A., Reflex Photonics, Inc., and Tata Communications Ltd.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.