Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-10
As per Business Intelligence Insights (BII) study, the global Optical Fiber Market attained revenue growth of 4,391.5 million in 2021 and it is projected to reach around USD 10,341.2 million by 2030, growing at a 11.3% CAGR.
The rising demand for internet services is the primary driver of the market. Due to the fast-growing technologically educated population, demand for high bandwidth communication and data transfer services is increasing, resulting in sustained expansion in the telecommunications and information technology sectors. Fiber optics is a technique that transmits images, audio, and data via tiny, transparent fiber strands. These glass or plastic fiber strands are referred to as optic fibers. At the moment, the technology is widely used in the healthcare and telecommunications industries. It is also used in the military and defense industries for vehicle navigation, environmental sensing and monitoring, and radio signal transmission.
Additionally, technologies such as the 5G network, Fiber to the Home (FTTH), and Fiber to the Building (FTTB) have strengthened the position of broadband network systems, which supply users with high-speed data and related services. Moreover, because the fibers are constructed of glass and do not require energy to function, fiber optic internet is considered more reliable and less subject to malfunction during power outages. This technology is widely used in the healthcare industry, particularly in the realm of imaging, where X-ray, surgical endoscopy and microscopy, ophthalmic lasers, and light treatment are just a few examples. Another significant aspect boosting their demand in this area is the increased demand for minimally invasive surgeries.
To discover more about Business Intelligence Insights (BII) additional important drivers, trends, and challenges. Please fill out the form below to request a sample report. |
• Fujikura Ltd
• Corning Inc
• Sterlite Technologies Ltd
• Furukawa Electric Co. Ltd
• The Prysmian Group
• Finisar Corporation
• Sumitomo Electric Industries Ltd
• Nexans S.A.
• Reflex Photonics
• TATA Communications
• Glass is the most common fiber type in fiber optics because of its increasing demand in numerous applications. The glass fiber optics market is being driven by the high performance and ease of availability of glass fiber optics. Europe and North America are mature markets. High tensile strength and stiffness, low weight, high-temperature tolerance, and excellent corrosion resistance are some of the essential qualities of products in the glass fiber industry. Glass fiber market items have physical and mechanical properties similar to carbon fibers and polymers. Markets in APAC and the Middle East and Africa, on the other hand, are expanding due to high industrial growth in these regions.
• During the projection period, telecommunications is expected to dominate the market. In the near future, the smart cities segment is predicted to have the highest CAGR. Fiber technology is predicted to play a critical part in the global telecommunications industry's expansion. In telecommunication infrastructure, optical fiber's low attenuation qualities and high bandwidth capacities make it perfect for gigabit transmission. Fiber connectivity is also employed in SONAR and seismic waves, as well as wiring in submarines, airplanes, and automobiles, as well as in a variety of industrial applications. Similarly, financial institutions and huge organizations have begun to use fiber connections to secure their systems since the security properties of optical fiber provide a significant value to them.
• The Asia Pacific market is likely to dominate the industry throughout the forecast period. The region's expansion can be ascribed to the increasing use of optical fiber in the telecom industry. The country with the biggest demand for optical fiber cables was China. The emergence of 5G is projected to be a driving force in increasing the region's industrial growth. The increasing use of fiber optical systems in power grids, pipelines, highways, railways, airports, and data centers will boost market potential in the future years.
• The report contains qualitative and quantitative research on the global Optical Fiber Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Speak to our Analyst now!! to make the most of every opportunity by utilizing a competitive analysis built specifically for you.
By Mode
• Single Mode
• MultiMode
By Type
• Glass optical fiber
• Plastic optical fiber
By Industry Vertical
• Telecom & IT
• Public Sector
• Healthcare
• Energy & Utilities
• Aerospace & Defense
• Manufacturing
• Others
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• The Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• The Middle East and Africa
o UAE
o South Africa
o Rest of the Middle East and Africa (MEA)
Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Optical Fiber market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –
• What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
• What is the current trend taking place in the market space?
• What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
• What market drivers, restraints, and challenges are influencing market demand and growth?
• In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?
The Optical Fiber Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Optical Fiber Market Forecast Report 2022- 2030 - Order Now!
Business Intelligence Insights is the global provider of market intelligence, consultancy services, and syndicated & customized reports. We are focused on assisting business leaders and suppliers in making decisions by providing timely and insightful market research and consulting services. We offer global, and regional expertise in technology, industry, opportunities, trends, industry analysis, market data, and strategic guidance. Our analysis and insight help business professionals, executives, and investors make fact-based technology decisions and achieve their key business objectives. Our reports are featured distinct research approaches, rigorous methodologies, and comprehensive sector coverage.
Business Intelligence Insights (BII)
Sr. no. 53/2A/1, Office No. 15A, Fourth Floor A Building,
City Vista, Kharadi, Pune, Maharashtra 411014
Tel: +91-9356566332
Email: sales@businessintelligence-insights.com
Website: https://www.businessintelligence-insights.com/
➤ Lorem Ipsum is simply dummy text of the printing and typesetting industry.
➤ Fuel Cell Market Expected to Reach $ 7,463.9 Million by 2030 | Business Intelligence Insights (BII)
➤ 5G Security Market Expected to Reach $9,705.4 million by 2030| Business Intelligence Insights (BII)
➤ Global MICE Market Expected to Reach $2465.6 billion by 2030| Business Intelligence Insights (BII)
➤ Global ADAS Market Expected to Reach $ 28.80 Million by 2030 | Business Intelligence Insights (BII)
➤ Hybrid Cloud Market Expected to Reach $227.51 billion by 2030| Business Intelligence Insights (BII)
➤ Smart Grid Market Expected to Reach $ 168.6 Billion by 2030 | Business Intelligence Insights (BII)