Press release
Fiber Optic Component Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026
The Fiber Optic Component Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Fiber Optic Component market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Fiber Optic Component market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Fiber Optic Component market.The Fiber Optic Component Market is expected to grow at a CAGR of 10.7% over the forecast period 2021 to 2026.
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Top Leading Companies of Fiber Optic Component Market are - Lumentum Operations LLC, Broadcom Corporation, Sumitomo Electric Industries Ltd, II-VI Incorporated, Accelink Technologies Corporation, Oclaro Inc., Acacia Communications, Inc., EMCORE Corporation, Fiber Mountain, Inc, Fujitsu Optical Components Limited, Furukawa Electric Co., Ltd., NeoPhotonics Corporation, Mwtechnologies LDA, O-Net Tech Group, Shenzhen Nokoxin Technology Co., Ltd., Reflex Photonics Inc., OptiEnz Sensors, LLC, Source Photonics, Inc. and others.
Industry News and Updates:
- April 2020 - Sumitomo Electric Industries, Ltd. announced that it has acquired Thunderbolt 3 certification for its new active optical cables (AOCs) from Intel Corporation, the company that established the Thunderbolt 3 standard. Sumitomo Electric developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the needs for long-distance transmission.
- Feb 2020 - Infinera and Lumentum Holdings Inc. (Lumentum), announced a collaboration to bring to market XR optics-based networking solutions. Featuring the industry’s first point-to-multipoint coherent optical aggregation technology, XR optics is designed to disrupt optical networking economics by enabling new transport architectures.
Key Market Trends:
Fiber Optic Cables to Dominate the Market
- As the internet continues to expand at an exponential rate, so does the demand for increased bandwidth. The global demand for higher internet bandwidth is presenting lucrative opportunities for the fiber optic cable vendors, encouraging the market growth, as, according to Equinix, by 2020, the total global interconnection bandwidth is projected to increase from 1,144 terabits per second in 2016 to 4,991 terabits per second by 2020.
- According to ITU in 2019, the number of internet users worldwide was 4.13 billion, up from 3.92 billion in the previous year. A vast amount of information is conveyed across the internet each day, with information forms such as multimedia and video on the rise. The result is a need for a communication infrastructure such as fiber optic cables that can handle vast quantities of data and deliver this effectively on a global scale.
APAC to Drive the Market
- APAC is foreseen to accommodate the largest size of the fiber optic components market during the forecast period. The growing industrialization and infrastructural advancement in this area have given immense opportunities to apply fiber optic components in multiple applications in APAC. Additionally, the increasing use of fiber optics in the medical sector presents growth across countries, such as China, Japan, and India. This is propelling the overall demand at a significant rate.
- Additionally, the growth in demand for fiber optic components in the Asia Pacific is mainly driven by the substantial growth opportunities available, supported by the growing number of fixed broadband subscribers in the regions. Also, increasing demand for larger bandwidth for faster network connectivity and massive untapped opportunities offered by the vast population base in the Asia Pacific is further fuelling the fiber optic component market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Fiber Optic Component Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Fiber Optic Component Market (%),2016 - 2026
- Fiber Optic Component Market Share, By Brand
- Fiber Optic Component Market Share, By Company
- Fiber Optic Component Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Fiber Optic Component Market Value Analysis & Forecast
- Promising Fiber Optic Component Development by Major Companies
- Detailed Fiber Optic Component Portfolio of the Major Companies
- Major Deals in the Fiber Optic Component Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593529/fiber-optic-component-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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