Global Optical Fiber Market to Grow at a CAGR of 11.7% to 2025
Optical Fiber Market to 2025 – Global Analysis and Forecast by Types and End-user Industry, Optical Fiber market is expected to grow to US$ 27.88 billion by 2025 from US$ 9.52 billion in 2015. Optical Fiber technology is described as a technology which utilizes the physical properties of light by modulating a light signal with voice or data and sends it through a fiber by the virtue of Total Internal Reflection (TIR). The growing demands for increase in the speeds of data transfer over a network with minimum data losses has spurred the need for implementations of fiber cables. The losses in copper wire data transmissions had researchers constantly put on a task to look out for a more efficient method to transmit data.
The fiber cable capabilities can prove to be useful in the recent times with data explosion over the internet being witnessed owing to big trends like cloud, analytics, big data and IoT. The scope of optical fiber in this report encompasses types of optical fiber cables available in the market. The Optical Fiber market is expected to witness an aggressive growth in the coming few years. The legacy copper cables are being replaced with fiber cables for future related benefits.
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The global optical fiber market by geography is segmented into six regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. APAC region is expected to account for the largest share of the global optical fiber market in 2016, followed by North America. US being key country in North American region will lead optical fiber market in this region and is also expected to continue dominance throughout the forecast period from 2016 to 2025.
The key players profiled in the report are Corning Inc., Prysmian SpA, Yangtze Optical Fiber and Cable Co Ltd, Fujikura Limited, Sterlite Technologies, Finolex Cable Limited, OFS Fitel, LLC, Alcatel Lucent, Broadcom Limited and Amphenol Corporation.
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The report segments the global Optical Fiber market as follows:
Global Optical Fiber Market – By Types
• Step Indexed Optical Fiber
• Graded Indexed Optical Fiber
Global Optical Fiber Market – By End-user
• Broadcast, IT & Telecom
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Global Optical Fiber Market – By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)
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