Optical Fiber Market – Overview

With the advancement of the semiconductor industry, there has been a tremendous increase in demand for more efficient production of communication devices to meet the requirement. In the recent years, copper wires has been replaced by the fiber optics, as one of the appropriate communication link for the transmission of data and signal. Optical fiber or the fiber optics transmits the data in the form of photons or the light particles. In other words, optical fiber is a technology that utilizes light to carry data communication over a long distance. Optical fiber is a transparent, flexible strand of pure glass transmits light between two ends of the fiber. The optical fiber consists of the core that is surrounded by the cladding layer, which is made up of the dielectric material. Optical fibers are mostly used for the long distance communications however; sometimes they are also used for short distances. A huge amount of data is easily transmitted through the fiber optics that is not interfered by the electric and magnetic fields. Optical fibers are mostly used in the communication and networking industry. Military and space industries also use the optical fiber for means of communication, due to its ability to offer the temperature sensing. Also on of the major application of fiber optics is in medical instruments to provide precise illumination. It enables biomedical sensors to assist in the minimization of invasive medical procedures. Other medical applications for fiber optics include X-ray imaging, endoscopy, light therapy and surgical microscopy.

Optical Fiber Market – Trends and Opportunities

The major driver that drives the Optical fiber market is the increasing adoption of FTTX (fiber topologies from telecom service to the customer), rising use of internet of things (IoT).  The other benefits offered by optical fiber includes reliability, high bandwidth, low power loss and preferable to long distance communication. One of the major restraints that restricts the growth of the optical fiber market is the high cost of installation and the increasing adoption of wireless communication. However, the future opportunities such as advancement in the technologies in the optical fiber technology and the increasing expenditure in the optical fiber technology is expected to contribute to the growth of the optical fiber market.

Optical Fiber Market – Segmentation

Optical fiber market is segmented into type, material type, industry and geography. Optical fiber market based on type can be segmented into multimode fiber and single mode fiber. Further, the multimode fiber is segmented into step index multimode fiber and graded index multimode fiber. Based on material type, the optical fiber market is segmented into plastic optical fiber and glass optical fiber. Based on industry, the Optical fiber is segmented into telecommunication, aerospace & defense, healthcare, energy & utilities, and others. Optical fiber market is also segmented on the basis of regions into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America market is expected to have a significant market share due to the already developed technologies, followed by the Europe. Asia Pacific market is expected to grow with the significant growth rate, due to the emerging economies such as China, India and Japan.

Optical Fiber Market – Key Players

Some of the major players operating in the optical fiber market are Fujikura Ltd., Prysmian Group, Tata Communications, Nexans S.A., Corning Inc., General Cable Corporation, Sumitomo Electric Industries, Ltd., Commonscope, Inc., Furukawa Electric Co., Ltd., and Furukawa Electric Co. Ltd. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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
  • Europe
  • 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?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Optical Fiber Market

Pre Book