Global Fiber Optic Devices Market Overview:
Fiber optics refers to the technology and the medium associated with the transmission of information as light pulses along with a plastic or glass strand or fiber. Fiber optics is used long-distance and high-performance data networking. Fiber optic devices are used commonly in telecommunication services such as the internet, television, and telephones. Cables, active optical cables (AOC), amplifiers, and splitters, among others, are the various devices used for fiber-optic networks.
As per latest study released by AMA Research, the Global Fiber Optic Devices market is expected to see growth rate of 4.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Growth in Fiber-Rich Infrastructure, Rising Demand for Fiber Optic Devices from the Medical Industry and The Surging Numbers of Data Centers Worldwide
Challenges:
Environmental Influences on Testing
Restraints:
A High Cost of the Fiber Optic Devices
Opportunities:
Telephone Companies Are Steadily Replacing Traditional Telephone Lines with Fiber Optic Cables
Competitive Landscape:
Some of the key players profiled in the report are Finisar (United States), Lumentum Holdings (United States), Broadcom, Inc. (United States), Sumitomo Electric (Japan), Oclaro, Inc. (United States), Acacia Communications (United States), Accelink Technologies (China), Emcore Corp (United States), Fujitsu Optical Components (Japan) and Furukawa Electric (Japan). Additionally, following companies can also be profiled that are part of our coverage like II-VI Incorporated (United States), Neophotonics Corp (United States), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics, Inc. (United States), Fiber Mountain (United States), Kaiam (United States), Mwtechnologies (Portugal), Nokoxin Technology (China) and Optienz Sensors (United States). Analyst at AMA Research see United States, Chinese, and Japanese Players to retain maximum share of Global Fiber Optic Devices market by 2030. Considering Market by End User Industry, the sub-segment i.e. Telecommunications will boost the Fiber Optic Devices market. Considering Market by Data Rate, the sub-segment i.e. 10G will boost the Fiber Optic Devices market.
Latest Market Insights:
In July 2019, Cisco and Acacia Communications announced they have entered into a definitive agreement under which Cisco has agreed to acquire Acacia. An existing Cisco supplier, Acacia designs and manufactures high-speed, optical interconnect technologies that allow webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data. This acquisition is expected to strengthen the company’s fiber optic devices product offerings.
In Sept 2019, Source Photonics, a market leader of optical transceivers for wireless applications, announced a comprehensive portfolio of 50Gb/s products serving 5G mid-haul applications. Source Photonics’ product portfolio leverages 30 years of high-speed optical transceiver development and high-volume shipments into wireless, datacenter and routing applications, resulting in a broad portfolio of optical transceivers supporting data rates ranging from 125Mb/s to 400Gb/s and transmitting between 300m and 40 km.
What Can be Explored with the Fiber Optic Devices Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Fiber Optic Devices Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Fiber Optic Devices
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fiber Optic Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fiber Optic Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Fiber Optic Devices Manufacturers, Fiber Optic Devices Traders/Distributors, Fiber Optic Devices Importer/Exporter, Potential Technology Investors, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.