Fibre Optics Market Research Report with Major Aspects Like Latest Innovation, Application, Industrial Demand, Forecast To 2026 | Finisar, Furukawa Electric, General Cable Corporation, Corning, AFL Global

The global Fibre Optics Market is expected to reach USD 8.43 billion by 2026, according to a new report by Reports and Data. The increasing demand for fibre optic cables in the military due to their higher bandwidth, cyber security and security against signal interference a major factor affecting market demand. Globally, countries have started realizing the need for better data services and cyber security, thus are shifting towards Fibre Optics to maintain their privacy.

The need for high speed data transfer in social media sites, videos and other consumer apps is driving the market demand. In its "Future Telecoms Infrastructure Review (FTIR)" the UK government declared its objective of 'industry-led switchover' from copper to complete fibre. Hence, investment in 5G is more likely to drive the fibre optics market.

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Key participants include Finisar (U.S.), Furukawa Electric (Japan), General Cable Corporation (U.S.), Corning Inc. (U.S.), AFL Global (U.S.), Leoni AG (Germany), LS Cable & System (South Korea), Prysmian Group (Italy), and Finolex (India), among others.

North America dominates the market with a market share of 33%. The Asia Pacific is following at a rapid speed and is expected to lead in the forecasted period. This is due to the high infiltration of IT & telecommunication sector in the region. Awareness regarding the benefits provided by the fibre optics are leading the government to adopt this technology, especially in developing countries hence boosting the market in this region. Adoption of Fibre optics will increase the bandwidth, eliminate signal interference and improve security globally.

Aims of the study
o To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market
o Examine the existing and emergent trends and promising technological innovations in the market
o Assessment of market values, modeled values, and international trade values, to deduce the market volume
o Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends
o Calculate capacity utilization rate

Segmentation Outlook:
For the purpose of this report, Reports and Data have segmented global Fibre Optics market on the basis of cable type, fibre optic cables, application and region:

Cable Type Outlook (Revenue, USD Million; 2018-2026)
o Single-Mode
o Multi-Mode

Fibre Optic Cable Type Outlook (Revenue, USD Million; 2018-2026)
o Glass
o Plastics

Application Outlook (Revenue, USD Million; 2018-2026)
o Communication
o Non-Communication

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Regional Outlook (Revenue, USD Million; 2018-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o Multimode fibre optics dominated the market in the year 2018 with a market share of USD 1.93 billion.
o Single mode fibre is used in the installation of long distance and offers less loss of power as compared to the other. However, the single mode is more expensive than multi-mode.
o Telecom application is expected to lead the market in the predicted period. Medical and military will witness significant growth and with stringent government policies, the medical sector will flourish as well, thus driving up the market for Fibre Optics.
o Increasing adoption of cloud-based services, video-on-demand services and audio-video services are further pushing the market for fibre optics.
o Asia Pacific market is forecasted to occupy a market share of 21% in the coming years. North America holds a larger market share owing to its huge resources and easy acceptance of the latest technology. Asia Pacific market will grow due to government policies and the availability of skilled labor.

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

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