Optical Fiber Market to Witness Growth Acceleration During 2018-2027 Corning, Prysmian Group, Sumitomo Electric Industries, Nexans, Furukawa Electric, Finisar, Hengtong Group

The global Optical fiber market for the composition is fragmented into glass and plastic. The segmentation is based upon the material used to manufacture these optical fibers. Very thin strands of plastic or glass fiber are used for transmitting light signals, which travels to the center of the fiber optic. This center of the fiber optic is surrounded by the cladding. The cladding is an optical material that traps in the center, with help of “total internal reflection” technique. A primary buffer coating protects the fiber from moisture or other damage.

Global 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 key players of optical fiber market include Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited.

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As the amount and speed of transfer of data over the copper wire cables seemed to be very limited and incapable of serving the ever increasing data transmission demands, there has been a need for replacing these cables with better suited alternatives that remain cost effective as well as performance effective. Up-gradation from legacy network infrastructure to advanced network infrastructure for smoothly accessing such high-bandwidth content is thus anticipated to boost the demands of optical fiber cables across the globe.

There has been constant development in optical fiber industry. Recently, Alcatel-Lucent Submarine Networks and Nokia Bell Labs achieve 65 Terabit-per-second transmission record for transoceanic cable systems. Furthermore, OFS also developed a technology platform to produce high quality twisted multicore optical fiber with continuous Fiber Bragg Gratings (FBGs) to meet critical 3D shape sensing specifications such as: twist rate, coating concentricity, grating reflectivity, and grating spacing.

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.

The report aims to provide an overview of the global optical fiber market with detailed market segmentation. Also, it analyzes the current optical fiber market scenario and forecasts the market till 2027. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides a PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.

The Asia Pacific is one of the prominent regions in the optical fiber market which will contribute the highest revenue globally due to technological developments and considerable application of optical fiber in a different end-user segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in the telecom sector will pave the path for increasing adoption and propel the market for optical fiber market.

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GLOBAL OPTICAL FIBER MARKET - KEY INDUSTRY DYNAMICS 33

GLOBAL OPTICAL FIBER MARKET ANALYSIS - BY TYPE 39
GLOBAL OPTICAL FIBER MARKET ANALYSIS - BY COMPOSITION 47
GLOBAL OPTICAL FIBER MARKET ANALYSIS - BY END-USER 50
GLOBAL OPTICAL FIBER MARKET - GEOGRAPHICAL ANALYSIS 56
Europe Optical Fiber Market Revenue and Forecasts to 2027 (US$ Bn) 65
MIDDLE EAST & AFRICA (MEA) OPTICAL FIBER MARKET REVENUE AND FORECASTS TO 2027 91
ASIA PACIFIC (APAC) OPTICAL FIBER MARKET REVENUE AND FORECASTS TO 2027 78
South America Optical Fiber Market Revenue and Forecasts to 2027 (US$ Bn) 102

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