Optical Fibre Market 2019 to 2023 Current Trends, Business Opportunity and Outlook - Yangtze Optical Fibre And Cable Joint Stock Limited Company (YOFC), Corning Incorporated

"Global Optical Fibre Market: Size, Trends & Forecasts (2019-2023)"

The New report includes a detailed study of Global Optical Fibre Market. It is the result of a comprehensive research carried out keeping in mind the different parameters and trends dominating the global Optical Fibre Market.

Under competitive landscape, players operating within the global optical fibre market have been compared on the basis of revenue and market capitalization. This is followed by the analysis of the global optical fibre market players in terms of share.

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Top Key Players in the Market:

Yangtze Optical Fibre And Cable Joint Stock Limited Company (YOFC), Corning Incorporated, Prysmian Group and Fujikura Group

Latest News and Developments

January 26, 2018: Corning Incorporated (NYSE: GLW) today formally opened a new cable manufacturing facility in Newton, North Carolina, in the latest expansion of its Optical Communications business to meet growing worldwide demand for its optical fiber and cable.

March 12, 2018: Corning Incorporated (NYSE:GLW) will demonstrate its latest optical fiber innovation at the 2018 Optical Networking and Communication Conference & Exhibition (OFC), March 13-15 in San Diego, California.

Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall optical fibre market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The report provides in-depth comprehensive analysis for regional segments that covers North America, Europe, Asia-Pacific, Middle East and Africa and Rest of World in Global Outlook Report with Market definitions, classifications, manufacturing processes, cost structures, development policies and plans.

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Executive Summary

The optical fibre industry consists of three major products starting from downstream to upstream which include fibre preform, optical fibre and optical fibre cable (OFC). Manufacturing of preform (a solid glass rod) is the first step in the making of optical fibres. Optical fibres are drawn out from the heated up preform. OFC is a bundle of optical fibres that is used to carry light signals over long distances.

The global optical fibre market can be segmented on the basis of mode into single mode and multi mode fibres. On the basis of composition the market can be bifurcated into glass optical fibre and plastic/ polymer optical fibre. The market can split on the basis of application into broadcasting, lighting and decoration, mechanical inspections, computer networking, medical/ healthcare industry and defense.

The global optical fibre market is forecasted to grow at a healthy rate during the forecast period (2019-2023). The market is supported by various growth drivers such as increase in global internet traffic, spike in number of smartphone users globally, hike in adoption of Fibre to the Home (FTTH), initiatives by governments of various countries to boost OFC deployment, strategic initiatives such as product launches and collaborations undertaken by key players to strengthen their respective optical fibre businesses and cater to surging demand for high bandwidth from customers simultaneously. High cost of OFC deployment and installation barriers of optical fibres are some of the challenges faced by the market.

Evolution of 5G network, increasing popularity of cloud computing, rising number of video on demand (VoD) users and growth in Internet of Things (IoT) installed base are some of the trends in the market that have been captured in this report.

Influence of the Optical Fibre market report:
o Comprehensive assessment of all opportunities and risk in the Optical Fibre market.
o Optical Fibre market recent innovations and major events.
o Detailed study of business strategies for growth of the Optical Fibre market-leading players.
o Conclusive study about the growth plot of Optical Fibre market for forthcoming years.
o In-depth understanding of Optical Fibre market-particular drivers, constraints and major micro markets.
o Favourable impression inside vital technological and market latest trends striking the Optical Fibre market.

Note: All the reports that we list have been tracking the impact of COVID-19 . Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team

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