Press release
How Competitive Environment in Single-mode Optical Fiber Market is Expected to Intensify with Growth Strategies by Key Players | CommScope, Corning Inc., FiberHome, Fujikura Ltd
The single-mode optical fiber market is witnessing a healthy growth rate, due to the ongoing implementation of 5G network and upcoming FTTH network projects all over the globe. Moreover, consumers are demanding fast networking, making it mandatory to install more fiber-optic cables to improve the broadband connectivity. This increase in demand for the larger bandwidths for communication is expected to drive the growth of the global single-mode optical fiber market.
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Furthermore, G.652.D fiber has been heavily researched for further performance improvement by optical fiber manufacturers, which is anticipated to provide lucrative opportunities for the market expansion. The improvement direction is majorly targeted toward overcoming optical signal attenuation, transmission non-linearity, and polarization mode dispersion (PMD). Along with this, surge in demand for internet applications such the Internet of Things (IoT), cloud computing, data storage, data transfer, video streaming, and over-the-top content fuel the market growth.
The global single-mode optical fiber market is highly competitive, owing to strong presence of the existing vendors. Single-mode optical fiber vendors who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, new product launches, and different growth strategies adopted by the key vendors.
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Some of the key market players profiled in the report include CommScope, Corning Inc., FiberHome, Fujikura Ltd., Furukawa Electronic Co. Ltd., Nexans S.A., Sumitomo Electric Industries Ltd., Sterlite Technologies Ltd., The Prysmian Group, and Yangtze Optical Fiber and Cable Joint Stock Limited Company.
Based on type, the G.652 segment dominated the global single-mode optical fiber market in 2017, and is expected to continue this trend during the forecast period, owing to its increased adoption in long haul and metro city networks. Furthermore, the G.657 segment is expected to grow at the highest CAGR during the forecast period, as it is the latest standard for FTTH applications, and along with G.652 it is the most commonly used in last drop fiber networks.
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The global single-mode optical fiber market was led by the telecommunication & networking segment in 2017, and is projected to maintain its dominance during the forecast period. However, the CATV segment is expected to witness the highest growth in the near future, owing to increase in broadband penetration and digitalization of CATV, that is, fiber TV with the internet, fiber TV with intranet, and fiber TV.
Key Benefits for Single-mode Optical Fiber Market:
o This study includes the analytical depiction of the global single-mode optical fiber market along with current trends and future estimations to determine the imminent investment pockets.
o The report presents information related to key drivers, restraints, and opportunities.
o The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
o Porter's five forces analysis illustrates the potency of buyers & suppliers in the glo
bal single-mode optical fiber industry.
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Key Findings of the Single-mode Optical Fiber Market:
o By type, the G.657 segment is expected to exhibit significant growth in the global single-mode optical fiber market during the forecast period.
o In 2017, the G.652 segment accounted for the highest revenue in the type category.
o Based on application, the telecommunication & networking segment generated the highest revenue in 2017.
o Region wise, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period
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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. 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.
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