02-02-2018 03:27 PM CET - Advertising, Media Consulting, Marketing Research

Global Trend on "Fiber Optics Market" Projected to Reach at a CAGR of 10.0% During, 2017-2024

Press release from: Data Bridge Market Research

"Global Fiber Optics Market – Industry Trends and Forecast to 2024"

Global Fiber Optics Market, By Cable Type (Single Mode, Multi-Mode), By Optical Fiber Type (Glass, Plastic) By Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan) and Forecast to 2024

Key Findings of Global Fiber Optics Market:

Global Fiber Optics Market accounted for USD 3.25 billion in 2016 and is projected to grow at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Segmentation of Global Fiber Optics Market:

The fiber optics market is segmented on the basis of cable type into single mode and multi-mode.

On the basis of optical fiber type, the market is segmented into glass and plastic.

On the basis of application, the market is segmented into telecom, premises, utility, CATV, military, industrial, sensors, fiber optic lighting, security, and metropolitan.

On the basis of geography, the fiber optics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Definition of Global Fiber Optics Market:

Fiber optics use glass or plastic threads (fibers) to transmit data over long distances without any interference. A fiber optic cable consists of a bundle of glass threads, each of which is capable of transmitting messages modulated onto light waves. There is a growing demand for fiber optics in telecom, premises, utility, CATV, military, industrial, sensors, fiber optic lighting, security and metropolitan activities, which is a major driver of the market.

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Major Market Drivers:

Growing demand for high bandwidth communication
Growth opportunities in the healthcare sector
Growing government funding in infrastructure

Market Restraint:

High installation cost of fiber optics network

Competitive Landscape of Global Fiber Optics Market:

The global fiber optics market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors:

Corning Inc.
Prysmian Group
Finisar, AFL
Sumitomo Electronics Industries (SEI)
Ls Cable & System
Leoni AG
Furukawa Electric
General Cable Corporation
Himachal Futuristic Communication Ltd.
OFS Fitel, LLC
Amphenol FSI and their Licensors, Simco-Groups and many more.

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Research Methodology of Fiber Optics Market:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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