San Francisco, 30 January, Fiber Optics Market Size, Share & Trends
Analysis Report By Type (Single Mode, Multimode, Plastic Optical Fiber (POF)),
By Application, By Region, And Segment Forecasts, 2018 - 2025
The global fiber optics market is expected to reach USD
9.12 billion by 2025, according to a new report by Grand View Research, Inc.
The growing necessity of data security in the military & aerospace sector
has increased the growth and penetration of this technology. There is a huge
demand for fiber optic connectors in the security sector owing to their
bandwidth capabilities, inherent security, and protection against signal
interference. The growing adoption of the optical technology in medical and
aerospace arenas is anticipated to revolutionize the market by 2025.
Leading players integrate
vertically across the entire supply chain to stay ahead in the competition by
compensating for inadequacies, increasing revenue, and eliminating competitive
scenarios. The upcoming era is expected to witness the adoption of technology
in the dynamic application segment that includes railways, architecture &
construction, and BFSI, owing to the growing automated high-tech maintenance
requisites and escalating importance of data (as an asset).
The growing penetration of
technology is encouraging manufacturers and suppliers to invest in research
& development for creating better products. As the production and
installation of products tend to be quite tedious and costly processes,
researchers are focusing on innovating reliable and cost-effective products.
Accordingly, production is being optimized by manufacturers worldwide,
regulating efficiency and prices to curb alternatives to fiber optics
technology.
The market by varied categories
of fiber optics includes single-mode, multimode, and plastic optical fibers.
Based on application type, the market has been segmented into telecom, oil
& gas, military & aerospace, BFSI, medical, railway, and other
associated technology applications. The telecom sector is the biggest
application sector in terms of size and is subject to regulations imposed by
the government and other related regulatory authorities. From the manufacturing
of to their application, several regulations are to be followed by
manufacturers and suppliers. These regulations vary depending on the additions
or innovations in technology.
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Report On Fiber Optics Market Analysis:
Further key findings from the report suggest:
·
The multimode segment dominated
the overall market in 2015. The multimode technology allows simultaneous
propagation of multiple modes of light. This enhances the transfer rate of
audio/video applications, particularly in Local Area Networks (LANs).
·
The growing demand for optic
cables can be accredited to the rising bandwidth needs across carriers and
enterprise networks.
·
Fiber optics has exciting new
applications in the medical industry and is mainly used in light conduction and
illumination, flexible bundling, and laser delivery systems.
·
The North American region
dominated the market and accounted for the largest global market share (in
terms of revenue) in 2015.
·
Key industry participants
include Corning, Inc. (U.S.), Optical Cable Corporation (U.S.), Sterlite
Technologies Limited (India), and OFS Fitel, LLC (U.S.).
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/semiconductors
Grand View Research has segmented the fiber
optics market based on type, application, and region:
Type Outlook (Revenue, USD
Million; 2014 - 2025)
·
Single Mode
·
Multimode
·
Plastic Optical Fiber (POF)
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Telecom
·
Oil & Gas
o
Material Sensing
o
High Bandwidth Communications
o
Others
·
Military & Aerospace
o
Secure Communication
o
Weapon System
o
Surveillance System
o
Optical Computing
o
UAV
o
Military Vehicle Sensing
·
BFSI
o
Medical
o
Biomedical Sensing
o
Minimal Invasive Surgery
o
Imaging
o Endoscopy
o MRI
o CT
o PET
o X-Ray
o Others
·
Railway
o
Railway Maintenance
o
Speed Monitoring
o
Dynamic Load Calculation
·
Others
Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
·
South America
o
Brazil
·
MEA
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-fiber-optics-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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