What is Optical Fiber and Accessories Market Scope?
An optical fiber is a transparent and flexible fiber made by glass or plastic materials, which is used to transmit light. The optical fiber has a wide range of applications in fiber-optic communications, where it allow transmission over longer distances and at higher bandwidths than wire cables. The adoption of fiber optic cables to send signals with less amount of loss has increased over the period, which drives the growth of the market. Installing a fiber network can help to transmit more information and data with greater fidelity over longer distances. It also provides added security and is more resistant to electrical interference than traditional copper cabling. Different types of optical fiber-based accessories are used in various industry verticals for numerous applications.
The Optical Fiber and Accessories market study is being classified by Type (Single-mode and Multi-mode), by Application (Data Centers, Cable TV, Gigabit Ethernet, ATM and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Optical Fiber and Accessories market throughout the predicted period.
Corning Incorporated (United States), Optical Cable Corporation (United States), Sterlite Technologies Limited (India), OFS Fitel, LLC (United States), Prysmian Group (Italy), AFL (United States), Birla Furukawa Fiber Optics Limited (India), Finolex Cables Limited, Yangtze Optical Fiber and Cable Co., Ltd. (YOFC) and PROMAX Electronica S.L (Spain) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Finisar (United States), Sumitomo Electric Industries (Japan), LS Cable & System (South Korea), Leoni AG (Germany), Furukawa Electric (Japan) and Fujikura Limited (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Optical Fiber and Accessories market by Type, Application and Region.
On the basis of geography, the market of Optical Fiber and Accessories 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).
Influencing Market Trend
- Fiber Optic Cables for High Rate of Data Transfer across the Globe
Market Drivers
- Growing Demand for High Bandwidth Communication and Increasing Demand for Internet
- Evolution of Fiber Rich Infrastructure
- Transmission of Data with Less Loss and High Speed and Efficiency
Opportunities
- Growing Innovations & Advancements in Technology and Material such as Broadband and Plastic Fiber
- Intensive Research & Development with the Introduction of Ethernet technology and LAN Networking in Industrial Applications
Restraints
- High Cost Associated with Equipment and Accessories owing to Rich Technology
- Less Number of Skilled and Trained Workforce
Challenges
- Government Regulations & Standards Related to Optical Fiber
- Huge Investment in Research & Developments
Key Target Audience
Optical Fiber and Accessories Manufacturers, Raw Material Suppliers, Telecommunication Equipment Manufacturers, Telecom Service Providers, Government & Research Organizations, End-Use Industries and Others
Customization available in this Study:
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