Optical Fiber Market worth US$ 36.99 Million by 2027 - Exclusive Report by The Insight Partners

Optical Fiber Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years.

The optical fiber market was valued at US$ 11.30 billion in 2020 and is projected to reach US$ 36.99 billion by 2027; it is expected to grow at a CAGR of 12.8% during 2021-2027.

The global Optical fiber market for the composition is fragmented into glass and plastic. The segmentation is based upon the material used to manufacture these optical fibers. Very thin strands of plastic or glass fiber are used for transmitting light signals, which travels to the center of the fiber optic. This center of the fiber optic is surrounded by the cladding. The cladding is an optical material that traps in the center, with help of "total internal reflection" technique. A primary buffer coating protects the fiber from moisture or other damage.

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The report on the Optical Fiber market includes information on the strategic collaborations. The study also mentions the key players across the Optical Fiber market. Here are some prominent participants involved in the Optical Fiber Market - Major Players: Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited,

As the amount and speed of transfer of data over the copper wire cables seemed to be very limited and incapable of serving the ever increasing data transmission demands, there has been a need for replacing these cables with better suited alternatives that remain cost effective as well as performance effective. Up-gradation from legacy network infrastructure to advanced network infrastructure for smoothly accessing such high-bandwidth content is thus anticipated to boost the demands of optical fiber cables across the globe.

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There has been constant development in optical fiber industry. Recently, Alcatel-Lucent Submarine Networks and Nokia Bell Labs achieve 65 Terabit-per-second transmission record for transoceanic cable systems. Furthermore, OFS also developed a technology platform to produce high quality twisted multicore optical fiber with continuous Fiber Bragg Gratings (FBGs) to meet critical 3D shape sensing specifications such as: twist rate, coating concentricity, grating reflectivity, and grating spacing.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Optical Fiber market. The researcher provides an extensive analysis of the Optical Fiber market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

The report segments the global optical fiber market as follows:

Global Optical Fiber Market - By Type
Step Indexed Optical Fiber
Graded Indexed Optical Fiber

Global Optical Fiber Market - By Mode
Single Mode
Multi-mode

Global Optical Fiber Market - By Composition
Glass
Plastic

Global Optical Fiber Market - By End-user
IT & Telecom
Defence
Industrial
Medical
Others (R&D, Automobiles, Infrastructural health monitoring, Oil & Gas)

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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