Optical Fiber Market

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 In the recent years, copper wires has been replaced by the fiber optics, as one of the appropriate communication link for the transmission of data and signal.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.