Fiber Optics Market Segmentation
By Application (Metropolitan, Oil & Gas, Military & Aerospace, Telecom, Premises, Utility, CATV, Industrial, Fiber Optic Lighting, Security, BFSI, Railway, and Others); By Cable Type (Single Mode and Multi-Mode); By Optical Fiber Type (Plastics, Glass); By Region (North America, Europe, Asia- Pacific, Central & South America, and Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape
Fiber Optics Market Insights
Factors such as high demand for bandwidth communication along with increased government expenditure in the advancement of network infrastructure are anticipated to drive the demand for fiber optics market over the forecast period.
Growing number of connected devices in homes coupled with increased use of internet & related services have resulted in higher usage of optical fiber cable, which in turn drives the growth of fiber optics market.
Optical technology is anticipated to gain a lot of traction over the forecast period due to continuous research & development activities coupled with increased demand for healthcare services and data services.
Fiber Optics Market: Cable Type Insights
Based on the cable type, the fiber optics market is segmented into Single-Mode and Multi-Mode. The single cable application is anticipated to grow at a high rate over the coming years.
The need for high bandwidth applications coupled with the increasing number of connected devices requires strong bandwidth networks. Multi-mode cable is used for strengthening these networks. This development in the FTTx networks is further likely to drive the growth of fiber optics market.
Fiber Optics Market: Optical type Insights
On the basis of optical type, the fiber optics market is segmented into glass optical fiber and Plastic optical fiber. Plastic Optical Fiber is projected to experience high growth rate over the coming years due to the different core materials used in its cable construction. Plastic Optical Fiber consists of polymer core which provides a dynamic application portfolio. The market for glass optical fiber is also likely to grow at a significant rate due to its diverse applications in telecom and CATV industries.
Fiber Optics Market: Application Insights
Based on applications, the fiber optics market is segmented into Telecom, Premises, Utility, CATV, Industrial, Fiber Optic Lighting, Security, Metropolitan, Oil & Gas, Military & Aerospace, BFSI, and Railway, among others. Medical and military & aerospace applications are anticipated to register a significant growth rate due to the increasing use of optic technology devices across these segments. The telecom application segment is expected to emerge as the largest market for fiber optics due to expansion in demand for Internet connectivity in developing countries.
Fiber Optics Market: Regional Insights
North America accounted for more than 30 % of global fiber optics market share in 2016. The Asia Pacific regional market is anticipated to record substantial revenue over the forecast period due to expansion in IT & telecommunication and administrative sector. The Middle Eastern & African region is expected to grow at a lucrative rate over the forecast period due to increase in demand for the Internet & related services in emerging nations.
Fiber Optics Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from global fiber optics market. The major consumers of the product are China Mobile Ltd, AT&T Inc., and Softbank Group Corp.
Fiber Optics Market: Competitive Scenario
Major Players of the global fiber optics market include Corning Inc. (U.S.), Prysmian Group (Italy), AFL Global (U.S.), Furukawa Electric Co., Ltd (Japan), Finisar Corporation (U.S.), Leoni AG (Germany), LS Cable & System (South Korea), General Cable Corporation (U.S.), and Finolex Group (India), among others.
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