Burgeoning optical fiber demands in growing economies such as China, India and Brazil to boost the Optical Fiber Market at a CAGR of 11.7%Published Date: Feb 2017
According to a new market research study titled ‘Software as a Service based SCM Market to 2025 – Global Analysis and Forecasts by types and End-user’, the global Optical Fiber market was valued at US$ 9.52 Bn in 2015 and is estimated to reach US$ 27.88 Bn by 2025. The report highlights the trends prevalent in the global Optical Fiber market and the factors driving the market along with those that act as deterrents to its growth.
Government policies in India like the BharatNet project that is concerned with implementations of optical fiber cables in the rural areas have resulted in the higher growth of this market. A hugely populated country, India, is potentially a very big market for the growth of fiber optics. By the BharatNet project, the Government intends to connect 1 million gram panchayats by the end of March 2017 out of which almost 70% of the connections have already been laid. Objectives to improve broadband penetration in the remote parts of the country has helped to boost the implementations of optical fiber networks. Most of the projects have been Greenfield projects. That have allowed easy implementations without much costs.
The Optical Fiber market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reason for high adoption of optical fibers are, it provides end-users ease of deployment along with flexibility for high scalability. Developing digital ecosystem and high growth of data, as well as developing economies are providing ample opportunities for the players operating in the global optical fiber market. Digital ecosystem creates a splurge of huge amounts of data transfer that is possible only after the availability of higher bandwidths. Optical fibers on account of their high bandwidth provisioning capabilities become an ideal tool for data transfers.
The global Optical Fiber market has been segmented on the basis of type into step indexed and graded indexed optical fiber. Additionally, this market is also segmented on the basis of end-users into Broadcast, IT & Telecom, Industrial, Defense, Medical and Others. Geographically, the global Optical Fiber market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
India and China are expected to witness rising adoption of optical fiber cables due to various government initiatives taken in these countries for the development of internet infrastructure. The key players profiled in the report are Corning Inc., Prysmian SpA, Yangtze Optical Fiber and Cable Co Ltd, Fujikura Limited, Sterlite Technologies, Finolex Cable Limited, OFS Fitel, LLC, Alcatel Lucent, Broadcom Limited and Amphenol Corporation.
The report segments the global Optical Fiber market as follows:
Global Optical Fiber Market – By Types
- Step Indexed Optical Fiber
- Graded Indexed Optical Fiber
Global Optical Fiber Market – By End-user
- Broadcast, IT & Telecom
Global Optical Fiber Market – By Geography
- Rest of Europe
Asia Pacific (APAC)
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
South America (SAM)
- Rest of SAM