Global fiber optics market is expected to reach USD 3.72 billion in 2022, growing at a CAGR of 5.2% between 2017 and 2022.
The study covers forecast and analysis for the fiber optics market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD billion). The study includes drivers and restraints for the market with the impact they have on the demand over the forecast period. In addition, the report comprises the study of market opportunities available in the fiber optics market worldwide.
In order to give the users of this report a complete view of the fiber optics market, we have included a detailed competitive scenario, buying criteria and product portfolio of key players. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model has also been included. The study also includes a market attractiveness analysis based on their market size, growth rate, and general attractiveness.
The report provides a significant view on the fiber optics market by segmenting the market based on application and region. Based on various applications, the fiber optics market is fragmented into telecom & broadband, private data networks, and others other application. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. The key players of fiber optics market include
Some of the key players are Finolex Cable Limited, Australian Fibreoptic Communications, Yangtze Optical Fiber and Cable Co. Ltd., Ofs Fitel, Sterlite Technologies Limited, Corning Inc., Fujikura Limited, and others among others.
The reported segment of global fiber optics market as follows:
Global Fiber Optics Market: Application Segment Analysis
Global Fiber Optics Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Fiber Optics market. Zion Research has collected and analyzed key data belong to the global Fiber Optics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Fiber Optics across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Fiber Optics industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fiber Optics market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
An optical fiber is a flexible and transparent fiber made by drawing glass or plastic and is used to transmit light between the two ends of the fiber. There are wide usages in fiber-optic communications, where they allow transmission over longer distances and at higher bandwidths than wire cables. Instead of using metal wires, fiber optic cables are used in order to signals travel along them with lesser amounts of loss. Furthermore, fibers are also used for illumination and are wrapped in bundles so that they may be used to carry images and used in other applications also.
The major factors which are driving the fiber optics market growth are increasing demand of fiber optics in different avenues such as telecommunication sector, private data networks, and others. Growing demand for high-speed internet is also impelling the demand of fiber optics market. However, some restraining factors which hindering the growth of the fiber optics market are the high cost of raw material and complex manufacturing process. Nonetheless, rising demand for a remote sensing technique which allows data transmission without any physical medium will fuel the fiber optics market growth in the years to come.
Fiber optics is used in different applications such as telecom & broadband, cable television, private data networks, oil & gas, utilities and others. Among these applications, the telecom sector is dominating the fiber optics market and is estimated to persist over the forecast period. Other applications of fiber optics are industrial, healthcare, commercial and data storage. Fiber optics is used as an imaging tool, light guides and also as lasers for surgeries. Fiber optics is used as hydrophones for seismic and SONAR uses, submarines as wiring in aircraft and other vehicles and also for field networking. In telecommunication sector, the fiber optics help to receive and transmit data. Fiber optics play cog role in industrial and commercial sector owing to its uses in various fields. For instance, fiber optics is used for imaging in inaccessible areas and acts as sensory devices to measure temperature. In conventional wiring, there isEMI issue which is overcome using fiber optic cables. It is also used for wiring in the automobile industry.Fiber optic cables are also used for research and development and testing across all the above-mentioned industries.
North America and Europe are expected to grow steadily in coming years. Asia Pacific is estimated to show significant growth on account of increasing use of new telecommunication technologies such as FTTx applications and 4G mobile usages. Therefore, due to rise in usage of 3G/4G data, demand for fiber optics is expected to escalate by network operator in Asia Pacific region.
Key players in the fiber optics market are PrysmianSpA, Australian Fibreoptic Communications, Finolex Cable Limited, Sterlite Technologies Limited, Ofs Fitel, Corning Inc., Yangtze Optical Fiber and Cable Co. Ltd., Fujikura Limited, and others. High initial investment and maintenance cost is expected to restrict entry of new players in the fiber optics market.