San Francisco, 28 January 2019: The Report Fiber Optics Market Size, Share & Trends Analysis Report By Type (Single
Mode, Multimode, Plastic Optical Fiber (POF)), By Application, By Region, And
Segment Forecasts, 2018 - 2025
The global fiber optics market is expected to reach USD 9.12 billion by 2025, according
to a new report by Grand View Research, Inc. The growing necessity of data
security in the military & aerospace sector has increased the growth and
penetration of this technology. There is a huge demand for fiber optic
connectors in the security sector owing to their bandwidth capabilities,
inherent security, and protection against signal interference. The growing
adoption of the optical technology in medical and aerospace arenas is anticipated
to revolutionize the market by 2025.
Leading players integrate vertically across
the entire supply chain to stay ahead in the competition by compensating for
inadequacies, increasing revenue, and eliminating competitive scenarios. The
upcoming era is expected to witness the adoption of technology in the dynamic
application segment that includes railways, architecture & construction,
and BFSI, owing to the growing automated high-tech maintenance requisites and
escalating importance of data (as an asset).
The growing penetration of technology is
encouraging manufacturers and suppliers to invest in research & development
for creating better products. As the production and installation of products
tend to be quite tedious and costly processes, researchers are focusing on
innovating reliable and cost-effective products. Accordingly, production is
being optimized by manufacturers worldwide, regulating efficiency and prices to
curb alternatives to fiber optics technology.
The market by varied categories of fiber
optics includes single-mode, multimode, and plastic optical fibers. Based on
application type, the market has been segmented into telecom, oil & gas,
military & aerospace, BFSI, medical, railway, and other associated
technology applications. The telecom sector is the biggest application sector
in terms of size and is subject to regulations imposed by the government and
other related regulatory authorities. From the manufacturing of to their
application, several regulations are to be followed by manufacturers and
suppliers. These regulations vary depending on the additions or innovations in
technology.
Access Research Report of Fiber Optics
Market@ www.grandviewresearch.com/industry-analysis/fiber-optics-market
Further key findings from the report suggest:
· The multimode segment dominated the overall
market in 2015. The multimode technology allows simultaneous propagation of
multiple modes of light. This enhances the transfer rate of audio/video
applications, particularly in Local Area Networks (LANs).
· The growing demand for optic cables can be
accredited to the rising bandwidth needs across carriers and enterprise
networks.
· Fiber optics has exciting new applications
in the medical industry and is mainly used in light conduction and
illumination, flexible bundling, and laser delivery systems.
· The North American region dominated the
market and accounted for the largest global market share (in terms of revenue)
in 2015.
· Key industry participants include Corning,
Inc. (U.S.), Optical Cable Corporation (U.S.), Sterlite Technologies Limited
(India), and OFS Fitel, LLC (U.S.).
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/semiconductors
Grand View Research has segmented the fiber
optics market based on type, application, and region:
Type Outlook (Revenue, USD Million; 2014 -
2025)
·
Single Mode
·
Multimode
·
Plastic Optical Fiber (POF)
Application Outlook (Revenue, USD Million;
2014 - 2025)
·
Telecom
·
Oil & Gas
·
Military & Aerospace
·
BFSI
·
Railway
·
Others
Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
MEA
Access Press Release of
Fiber Optics Market@ www.grandviewresearch.com/press-release/global-fiber-optics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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