About Industrial Fiber Optic
Industrial fiber optic is a cable specially made for industrial application as they are made to use in electromagnetic interference with withstands the harsh environment. It is used for its resistance, temperature, and mechanical properties, which are required in different industrial environments. It is available in single-mode, multi-mode made of different materials and provides a high capacity of high transmission and data transmission in various industrial applications.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail competitive advantage through combined synergies Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Fiber Optic market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
America Fujikura Ltd. (United Kingdom), Corning Incorporated (United States), Finolex Cables Ltd (India), General Cable (United States), Finisar Corporation (United States), Leoni AG (Germany), Furukawa Electric Co., Ltd. (Japan), LS Cable & System (South Korea) and Prysmian Group (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Sumitomo Electric Industries, Ltd. (Japan), Radiall (Hodiall) (France) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Fiber Optic market by Type (Single-mode and Multi-mode), Application (Communications and Non-communications) and Region.
On the basis of geography, the market of Industrial Fiber Optic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Industrial Fiber Optic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Glass optical fiber will boost the Industrial Fiber Optic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of Industrial Fiber Optic in Communicational Applications and Technological Advancements in the Industrial Fiber Optic
Market Growth Drivers:
Demand for Secure Means of Communication and Electromagnetic Compatibility in the Industries and Growing Industrial Operations Around the Globe which Requires Proper Communications
Challenges:
Intense Competition in the Industrial Fiber Optic Market
Restraints:
Problems Associated with the Handling Limited Physical Arc of Industrial Fiber Optic
Opportunities:
Surging 5G Connecting Technology and Research & Development in it will Boost the Industrial Fiber Optic Market
Market Leaders and their expansionary development strategies
In March 2020, Sumitomo Electric Industries, Ltd. will launch its OPTHERMO FTS3500 fiber-optic distributed temperature sensing system in April 2020. FTS3500 inherits the compact housing size and interface compatibility from its predecessor, FTR3000, while improving the sampling interval performance.
In March 2020, Sumitomo Electric Industries, Ltd. announced that it has acquired Thunderbolt 3 certification for its new active optical cables (AOCs) from Intel Corporation, the company that established the Thunderbolt 3 standard. Sumitomo Electric developed 40 Gbps Thunderbolt 3 AOCs for high-speed transmission to meet the needs for long-distance transmission.
Key Target Audience
Industrial Fiber Optic Manufacturers, Industrial Fiber Optic International Traders, Industrial Fiber Optic Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.