Optical Fiber Market to Witness Growth Acceleration During 2018-2027 - Prysmian Group, Corning Incorporated, Finisar Corporation, Hengtong Group, Nexans SA, ZTT Group

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 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. Some of 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.

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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.

Some of the leading Optical fiber market players are Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited, among others.

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 report segments the global optical fiber market as follows:

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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This release was published on openPR.