Fiber Optics Market Size is projected to grow at over 9.9% CAGR to 2028
The global fiber optics market size reached USD 4.54 Billion in 2020 and is expected to register a revenue CAGR of 9.9%, during the forecast period, according to latest analysis by Emergen Research.
Increasing demand for Fiber to the x (FTTx), as well as increased need for fiber optics in smart city infrastructure are among some major factors driving global fiber optics market revenue growth. In addition, increasing 5G deployment is expected to boost revenue growth of the market in the near future. Interconnected technologies play a significant role in smart city environments for transmitting, collecting, and converting data into useful information to build and improve infrastructural facilities.
High-speed fiber connection aids in the transmission of vast volumes of data from one point to another via network infrastructure. It is important in aerial drones for surveying and mapping, monitoring systems for preventing crimes, traffic control systems to avoid accidents or congestion, and smart homes to promote sustainable living. These are other factors expected to drive demand for fiber optics, which in turn is expected to augment market growth.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/817
The Global Fiber Optics Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Key players in the market include Finisar Corporation, Corning Incorporated, Prysmian S.p.A., General Cable Corporation, Optical Cable Corporation, Sterlite Technologies Limited, Leoni AG, Sumitomo Electric Industries, Ltd., Furukawa Electric Co., Ltd., and America Fujikura Ltd.
Request a discount on the report @ https://www.emergenresearch.com/request-sample/817
Key Highlights From the Report
Single-mode segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as single-mode is being used for long-distance deployments spanning lengths from 2 meters to 10,000 meters.
Plastic Optic Fiber (POF) segment is expected to register a significantly robust revenue growth rate over the forecast period. Plastic optical fibers are widely used in digital household appliances, home networks, and industrial connections for low-speed, short-distance applications. Plastic fibers play an important role in transmitting data in defense communication infrastructure and multimedia devices.
The market in Asia Pacific is expected to account for largest revenue share over the forecast period due to rapid industrialization and growing telecommunications industry.
Emergen Research has segmented the global fiber optics on the basis of components, fiber type, cable type, application, and region:
Components Outlook (Revenue, USD Billion; 2018–2028)
Fiber Type Outlook (Revenue, USD Billion; 2018–2028)
Plastic Optical Fiber (POF)
Glass Optical Fiber
Cable Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
Oil & Gas
Aerospace & Defense
To know more about the report @ https://www.emergenresearch.com/industry-report/fiber-optics-market
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Highlights of Table of Contents (TOC):
Overview of Global Fiber Optics Market
Competitive analysis of the Fiber Optics market
Regional analysis of Global Fiber Optics market production and revenue
Regional analysis of Global Fiber Optics market supply, consumption, and export & import
Type-based market analysis of global Fiber Optics production, revenue, and price trends
Application-based analysis of the global Fiber Optics market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Fiber Optics market
Global Fiber Optics market forecast (2021-2028)
Conclusion of the research report
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/817
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
interoperability solutions in healthcare market
electric vehicle ecu market
heart rhythm devices market
alternative proteins market
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-fiber-optics-market