The latest report by IMARC Group, titled “Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global fiber optics market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global fiber optics market reached a value of US$ 9.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2027, exhibiting at a CAGR of 17.7% during 2022-2027. Fiber optics is the technology used to transmit images, data, and voice through transparent, thin fiber strands. The fiber strands are made up of extruded glass or plastic, functioning as a waveguide to transmit light between the two ends as the cylindrical dielectric waveguide transmits light along its axis via total internal reflection. Fiber optic finds extensive applications across the internet service provider segment as fiber optic internet is considered to be more reliable and less susceptible to breakdown during power outages.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Fiber Optics Market Trends:
The global fiber optics market is primarily driven by the ever-increasing demand for high-speed and reliable internet services. Due to the rapidly growing digitally-literate population across the globe, the demand for high bandwidth communication and better data transmission services is escalating worldwide. Moreover, the rising need for minimally invasive surgeries is another critical factor driving the uptake of fiber optics. Furthermore, the rapid deployment of 5G networks, fiber to the home (FTTH) and fiber to the building (FTTB) as well as the increasing adoption of artificial intelligence (AI), internet of things (IoT) and machine learning with fiber optics are impacting the optical fiber market growth positively.
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Corning Inc.
- Prysmian Group
- Finisar
- AFL Global
- Sumitomo Electronics Industries (SEI)
- Ls Cable & System
- Leoni AG
- Furukawa Electric
- General Cable Corporation
- Finolex
Breakup by Cable Type:
- Single Mode
- Multi-Mode
Breakup by Optical Fiber Type:
- Glass
- Plastics
Breakup by Application:
- Telecom
- Oil and Gas
- Military and Aerospace
- BFSI
- Medical
- Railway
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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