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Increasing Government Focus on Improving Internet Capabilities will raise optical fiber Market by 2027 with a CAGR of 12.8%.
The "Optical Fiber Market to 2027 by Type (Step Indexed Optical Fiber and Graded Indexed Optical Fiber); Mode (Single Mode and Multi-Mode); Composition (Glass & Plastic); End-User (Broadcast, Telecommunication & IT, Industrial, Medical, Defense and Others) - Global Analysis and Forecast" The scope of study involves understanding on the factors responsible for this growth of optical fiber market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant optical fiber players in the market and their key developments.
Optical Fiber Market to 2027 - Global Analysis and Forecast by Type, Mode, composition, and end-user optical fiber market is expected to grow US$ 36.99 billion by 2027 from US$ 11.30 billion in 2017. The fiber cable capabilities can prove to be useful in recent times with data explosion over the internet being witnessed owing to big trends like cloud, analytics, big data, and IoT. The scope of the optical fiber in this report encompasses types of optical fiber cables available in the market. The Optical Fiber market is expected to witness an aggressive growth in the coming few years. The legacy copper cables are being replaced with fiber cables for future related benefits.
The larger firms operating in this market often tend to acquire the smaller companies that focus on niche and innovative products in the same space. Every player wants to stamp its authority in the market and hence mergers and acquisitions becomes an essential company strategy for growth. A wave of merger and acquisitions are expected to disrupt the market during the forecast period. As of recent development, Corning announced that it has successfully completed its tender offer for acquisition of Alliance Optic Fiber Products, Inc. Similarly, Alcatel Lucent was acquired by Nokia.
The global optical fiber market by geography is segmented into five region including North America, Europe, Asia Pacific, Middle East & Africa and South America. Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber, and Cable Co. Ltd. & Sterlite Technologies Limited are a few major players operating in this market and offer various types of optical fiber products for specific applications. APAC is the leader in implementations of optic fiber products for various communication and other industrial purposes. China leads currently the world market having a market share close to 40% of the entire global market.The technologically advanced regions of North America and Europe follow APAC market in terms of deployments of fiber optics.
The report segments the global optical fiber market as follows:
Global Optical Fiber Market - By Type
Global Optical Fiber Market - By Mode
Global Optical Fiber Market - By Composition
Global Optical Fiber Market - By End-user
Global Optical Fiber Market - By Geography
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