Fiber Optic Market Key Players, Growth And Forecast 2027
Summary:
A new study title “Fiber Optic market size, status and forecast
2027” has been featured on market research future.
Market Overview:
There are many organizations like
Optical Cable Corporation (U.S.), Sterlite Technologies (India), Fujikura
Limited (Japan), etc. are the major providers of fiber optics; these companies
take a maximum share of the Fiber Optic Market Share in the global market. In the year 2016
(August), an MNC named Infinera Corporation collaborated with Lumentum Holdings
Inc. to develop together an Intelligent Transport Network DWDM platform that
integrated with an advanced white box optical line system. With this pairing,
the major enterprises are operating in a large and open optical networking
modern environment. These companies have constructed a simulated point-to-point
modern and advanced metro fiber network with the ambition of bringing together
the concept of open networking in the public market.
There is immense growth as
the Fiber Optic Market Size is increasing. The expanding
opportunities in the private healthcare sector, such as endoscopic imaging
advanced applications and biomedical sensing, are the leading applications that
are promoting the market growth of fiber optics. The primary development of
network infrastructure has propelled the rapid fiber optics market
growth to a major extent. The world market is dominated by the high
bandwidth communication for major distances via high-quality optical fiber,
which is for achieving demand in the fiber optic world’s market. The major
fiber optics clearly offers supreme quality bandwidth that allows more data to
be conveyed at the earliest. The world’s fiber-optic market is projected to
rise at an estimated revenue of USD ~6 billion by 2023, at a total CAGR of ~10%
during the estimated period of 2017-2023.
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Key Players:
The prominent
players in the global fiber optic market: Optical Cable
Corporation (U.S.), Sterlite Technologies (India), Fujikura Limited (Japan),
Finolex Cable Limited (India), Ofs Fitel, Llc (U.S.), Prysmian Spa (Italy),
Infinera Corporation (U.S.), Corning INC. (U.S.), Birla Furukawa Fibre Optics
(India), AFC Group (Australia), Molex Incorporated (U.S), Anixter International
(U.S), Luna (U.S), Avantes (U.S), Pepperl+Fuchs (Germany), Geokon,
Incorporated (U.S), L-com.com (U.S), TE Connectivity (Switzerland), Extron
Electronics (U.S) and among others.
Segments:
The global fiber optic market is
segmented into components, optical fiber type, applications, end-users
and region. The components is segmented
into connectors, couplers, transmitters & receivers, amplifiers and others.
The optical fiber type are sub-segmented into single mode, multiple mode and
plastics mode. The applications are segmented into fiber optic lighting, CATV,
security, premises, sensors, and others. The end users are segmented into
telecom & broadband, military, aerospace, utilities and others. The
market is spanned across regions including North America, Europe, Asia Pacific,
and rest of the world.
Regional Analysis:
The global fiber optic market is
studied on the basis of four regions: the Americas, Europe, Asia Pacific, and
Rest of world. North America region is dominating the global fiber optic
market. The fiber optic market is witnessing a high growth due to huge demand
due to application of fiber optics in different applications such as fiber optic lighting, CATV, security, premises, sensors and
others in these regions. Europe is
projected to hold the second largest share of fiber optic market during the
forecast period. Asia Pacific is expected to witness the highest CAGR in the
coming years.
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