About Fiber Optics
An optical fiber is a flexible, transparent fiber which has wide range of application in the fiber-optic communications. It permit transmission at higher bandwidth over long distances as compared to electrical cable. Technological advancement in the optical fiber market further propelling the market growth. For instance, Furukawa Electric Co., Ltd. launched, FITEL S185 series of Fusion Splicers specifically designed for splicing optical fibers used in optical sensors, fiber, lasers, and optical components.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
Fiber Optics is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fiber Optics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Corning Inc. (United States), Prysmian Group (Italy), AFL Global (United States), Finisar (United States), Leoni AG (Germany), Furukawa Electric (Japan), LS Cable & System (South Korea), Fujikura Limited (Japan), General Cable Corporation (United States), Finolex (India) and Optical Cable Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sterlite Technologies (India), Infinera Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fiber Optics market by and Region.
On the basis of geography, the market of Fiber Optics 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 Components, the sub-segment i.e. Connectors will boost the Fiber Optics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. Telecom will boost the Fiber Optics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Optical Fiber , the sub-segment i.e. Glass will boost the Fiber Optics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cable , the sub-segment i.e. Single Mode will boost the Fiber Optics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in Fiber-Rich Infrastructure and Increasing Application in the Medical Industry
Market Growth Drivers:
Growing Awareness about the Optics Technology and Increasing Demand for High Bandwidth Communication
Restraints:
Emergence of Wireless Communication Systems
Opportunities:
Increasing Demand for the Plastic Optic Fiber and Growth in the Telecommunication Industry
Market Leaders and their expansionary development strategies
In December 2022, Microsoft announced it has acquired Lumenisity Limited, a leader in next-generation hollow core fiber (HCF) solutions. Lumenisity’s innovative and industry leading HCF product can enable fast, reliable and secure networking for global, enterprise and large-scale organizations.
In February 2019, OFS, a Furukawa Company, manufacturer and supplier of innovative fiber optic products launched AcoustiSens Single-mode Optical Fiber at Photonics West 2019 for enhanced vibration sensing. It is designed for Distributed Acoustic Sensing (DAS) systems.
Key Target Audience
Fiber Optics Manufacturers, Fiber Optics Dealers, Fiber Optics Suppliers, End Users, Raw Material Suppliers 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.