Global Fiber Optic Cable Materials Market: Overview
Fiber optic cables are used for digital transmission of data, as they are hardly affected by internal and external interferences. Fiber optic cable can be made of high quality glass (silica) or plastics. Fiber optics cable materials cover a range of applications such as communication, fiber optic sensors, illumination, and medical. Fiber optic cable comprises a core, which is surrounded by a cladding. The core and cladding are generally fused silica glass, which is covered by plastic coating that protects the glass fiber from harsh environments such as moisture and chemicals. Fiber optic cable made of glass is used widely in communication applications. In single mode fiber optic cable, there is only one path for light take down the cable and in multimode, there is more than one path. Compared to metal wires, fiber optic cables have advantages such as broad bandwidth (completely independent of the cable size), electrical insulator, immunity to electromagnetic interference, low induced noise and cross talks, and low attenuation loss over long distances.
Global Fiber Optic Cable Materials Market: Drivers
Rise in demand from the communication sector is driving the global fiber optic cable materials market. Demand for applications such as telecom as well as sensors has been rising. This is anticipated to propel the fiber optic cable materials market in the near future. Increase in awareness about data security during transmission is the key driver of the fiber optic cable materials market. Furthermore, rise in demand for internet is boosting the fiber optic cable materials market. Growth in applications such as cloud computing, data storage, and Internet of Things can also be considered key driver of the fiber optics cable materials market. Advancements in technology and growth in demand for Internet are potential opportunities identified in the fiber optic cable materials market.
Global Fiber Optic Cable Materials Market: Key Segments
Based on type, the fiber optic cable materials market can be classified into glass, plastic, fluoride, and phosphates. Materials used for commercialized fiber optic cables include glass or silicone oxide, plastic, or combination of both. Plastic optical fibers have the advantage of being made of cheaper materials than glass. They can also be operated in a visible range of the electromagnetic spectrum. The buffer tube of the fiber optic cable is made either of silicon or epoxy resin. Polyurethane can be added for the cushioning purposes. As an external protective layer, PVC and polyurethane can be used. In terms of end-use application, fiber optic cable materials market can be segmented into electronics & communication (telecom, television, broadband, and data networks), commercial (buildings, premises, offices, etc.), defense, and health care.
The global fiber optic cable materials market witnessed strong growth in 2017. This trend is estimated to continue during the forecast period. North America and Europe are the key regions expected to exhibit significant growth owing to the rise in demand from metrology, power transmission, electronic automation, data transmission and defense sectors. Asia Pacific is estimated to exhibit relatively high growth in the near future; China is the key consumer of fiber optic cable materials market. Countries such as Japan, South Korea, Taiwan, and Singapore are also contributing significantly to the global fiber optic cable materials market. Increase in awareness about the health care sector is anticipated to offer lucrative growth opportunities for Latin America and Middle East & Africa.
Global Fiber Optic Cable Materials Market: Key Players
Key players operating in the global Fiber Optic Cable Materials Market include Shin-Etsu Chemical, Molex, SCHOTT AG, and Draka.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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