Global Fiber Optics Market Size, Share, Industry Report | Valuates Reports

Fiber Optic Market Size

The global Fiber Optics market size is projected to reach USD 14500 Million by 2026, from USD 10430 Million in 2019, at a CAGR of 7.8% during 2021-2026.

Key factors driving the growth of the fiber optics market are the rising demand for the internet across the globe, coupled with the rising need for FTTx, increasing demand for high-bandwidth connectivity, technological advances, and high uptake across smart cities. Optical fiber technology has completely changed data, voice, and video transmission.

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Fiber Optics Market Share

Based on region, Asia-pacific is expected to be one of the largest region during the forecast period. Rising industrialization and significant infrastructural development have created immense potential for the usage of fiber optics across a variety of applications in Asia-pacific countries.

China has emerged as the dominant market due to being the most populous country and having a huge number of internet users.

Based on application, the telecommunication sector is expected to be one of the largest segment in the fiber optics market share during the forecast period due to the rising usage of technology in communication and data transfer services in both short-range and long-range telecommunications and growing demand for cloud-based apps and audio video services etc.

Based on type, the multi-mode segment is expected to hold one of the largest segment during the forecast period as multi-mode offers a host of advantages such as the capability to transmit beam in a variety of modes, maintenance and operation are cost-friendly, ability to allow a variety of optical signals to transmit at the same time, etc.

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The following manufacturers are covered in this report:
• Prysmian
• Hentong
• Furukawa
• Corning
• YOFC
• Futong
• Sumitomo
• Tongding Optic-Electronic
• CommScope
• STL
• FiberHome
• Jiangsu Etern
• ZTT
• Fasten
• Nexans
• LS Cable and System

Fiber Optics Industry Breakdown Data by Type
• Multi-Mode Fiber Optics
• Single-Mode Fiber Optics

Fiber Optics Industry Breakdown Data by Application
• IT and Telecoms
• Medical
• Robotics
• Other

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This release was published on openPR.