Growing IT & Telecom Industry Application will escalate the Optical Fiber Market at a CAGR of 12.8%
Latest market study on “Optical Fiber Market to 2027 by Type (Step Indexed Optical Fiber and Graded Indexed Optical Fiber); Mode (Single Mode and Multi-Mode); Composition (Glass & Plastic); End-User (Broadcast, Telecommunication & IT, Industrial, Medical, Defense and Others) - Global Analysis and Forecast”, the Optical Fiber market is estimated to reach US$ 36.99 billion by 2027 from US$ 11.30 billion in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The global Optical fiber market for the composition is fragmented into glass and plastic. The segmentation is based upon the material used to manufacture these optical fibers. Very thin strands of plastic or glass fiber are used for transmitting light signals, which travels to the center of the fiber optic. This center of the fiber optic is surrounded by the cladding. The cladding is an optical material that traps in the center, with help of “total internal reflection” technique. A primary buffer coating protects the fiber from moisture or other damage.
As the amount and speed of transfer of data over the copper wire cables seemed to be very limited and incapable of serving the ever increasing data transmission demands, there has been a need for replacing these cables with better suited alternatives that remain cost effective as well as performance effective. Up-gradation from legacy network infrastructure to advanced network infrastructure for smoothly accessing such high-bandwidth content is thus anticipated to boost the demands of optical fiber cables across the globe.
There has been constant development in optical fiber industry. Recently, Alcatel-Lucent Submarine Networks and Nokia Bell Labs achieve 65 Terabit-per-second transmission record for transoceanic cable systems. Furthermore, OFS also developed a technology platform to produce high quality twisted multicore optical fiber with continuous Fiber Bragg Gratings (FBGs) to meet critical 3D shape sensing specifications such as: twist rate, coating concentricity, grating reflectivity, and grating spacing.
Some of the leading Optical fiber market players are Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited, among others.
The report segments the global optical fiber market as follows:
Global Optical Fiber Market - By Type
Step Indexed Optical Fiber
Graded Indexed Optical Fiber
Global Optical Fiber Market - By Mode
Global Optical Fiber Market - By Composition
Global Optical Fiber Market - By End-user
IT & Telecom
Others (R&D, Automobiles, Infrastructural health monitoring, Oil & Gas)
Global Optical Fiber Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM
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