A new study title “Fiber Optic market size, status and forecast 2027” has been featured on market research future.
There are many organizations like Optical Cable Corporation (U.S.), Sterlite Technologies (India), Fujikura Limited (Japan), etc. are the major providers of fiber optics; these companies take a maximum share of the Fiber Optic Market Share in the global market. In the year 2016 (August), an MNC named Infinera Corporation collaborated with Lumentum Holdings Inc. to develop together an Intelligent Transport Network DWDM platform that integrated with an advanced white box optical line system. With this pairing, the major enterprises are operating in a large and open optical networking modern environment. These companies have constructed a simulated point-to-point modern and advanced metro fiber network with the ambition of bringing together the concept of open networking in the public market.
There is immense growth as the Fiber Optic Market Size is increasing. The expanding opportunities in the private healthcare sector, such as endoscopic imaging advanced applications and biomedical sensing, are the leading applications that are promoting the market growth of fiber optics. The primary development of network infrastructure has propelled the rapid fiber optics market growth to a major extent. The world market is dominated by the high bandwidth communication for major distances via high-quality optical fiber, which is for achieving demand in the fiber optic world’s market. The major fiber optics clearly offers supreme quality bandwidth that allows more data to be conveyed at the earliest. The world’s fiber-optic market is projected to rise at an estimated revenue of USD ~6 billion by 2023, at a total CAGR of ~10% during the estimated period of 2017-2023.
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The prominent players in the global fiber optic market: Optical Cable Corporation (U.S.), Sterlite Technologies (India), Fujikura Limited (Japan), Finolex Cable Limited (India), Ofs Fitel, Llc (U.S.), Prysmian Spa (Italy), Infinera Corporation (U.S.), Corning INC. (U.S.), Birla Furukawa Fibre Optics (India), AFC Group (Australia), Molex Incorporated (U.S), Anixter International (U.S), Luna (U.S), Avantes (U.S), Pepperl+Fuchs (Germany), Geokon, Incorporated (U.S), L-com.com (U.S), TE Connectivity (Switzerland), Extron Electronics (U.S) and among others.
The global fiber optic market is segmented into components, optical fiber type, applications, end-users and region. The components is segmented into connectors, couplers, transmitters & receivers, amplifiers and others. The optical fiber type are sub-segmented into single mode, multiple mode and plastics mode. The applications are segmented into fiber optic lighting, CATV, security, premises, sensors, and others. The end users are segmented into telecom & broadband, military, aerospace, utilities and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
The global fiber optic market is studied on the basis of four regions: the Americas, Europe, Asia Pacific, and Rest of world. North America region is dominating the global fiber optic market. The fiber optic market is witnessing a high growth due to huge demand due to application of fiber optics in different applications such as fiber optic lighting, CATV, security, premises, sensors and others in these regions. Europe is projected to hold the second largest share of fiber optic market during the forecast period. Asia Pacific is expected to witness the highest CAGR in the coming years.
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