Global Fiber Optics Market was Valued at US$ XX Mn in 2017, Surge in Incidence of

internet usage

Analyst Speak:

“The Global Fiber Optics Market was valued around US$ XX Mn by 2017 and growing at a significant
CAGR over seven years forecast period 2018-2024 owing to increase in the applications of technology and
increased internet usage.

Precision Business Insights (PBI) in its report titled “Global Fiber Optics Market: Market Estimation,
Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the
market performance over seven years forecast period over 2018-2024. The report analyses the market value
forecast and provides the strategic insights into the market driving factors, challenges that are hindering the
market revenue growth over forecast period.

The global fiber optics market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR
over the forecast timeframe owing to increase in, demand for high band width communication, increased
applications of optical fibers over different sectors, and rise in R&D activities for the development of fiber
optics market are the major factors that are driving the growth of the global fiber optics market over the
forecast timeframe are expected to drive the global fiber optics market. However, high cost for the
installation and wireless communication technology are anticipated to hinder the revenue share of global
fiber optics market.

Global fiber optics market segmented on the basis of cable type, end user industry, optical fiber type,
application and region.

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Telecommunication Dominates the Global Fiber Optics Market

Based on the application, global fiber optics market segmented into communications, non-communications.
Communications is sub divided into different sectors among them telecommunication industry plays a
major role dominated the global fiber optics market in 2017 and estimated to dominate over the forecast
period owing to increase in application towards communication and data transmitting services, less loss of
signals, cost effectiveness, high security, and wide range of applications. However, a faster growth rate
observed in medical sector due to advancements in medical sector.
North America Leads the Global Fiber Optics Market

PBI’s global fiber optics market report analyses the market in different regions such as North America,
Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North
America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024
owing to enhanced telecommunication sector infrastructure and other applications in different industries
are anticipated to propel the market. Asia pacific fiber optics market projected to exhibit significant growth
due to increased usage of the advanced technology in IT, telecommunication and administrative sectors.

Launch of newer products, frequent product approvals, and strategic alliances are the key
strategies adopted by market players
Global fiber optics market further reveals that the key players increasingly adopting strategies such as
launch of newer products, frequent product approvals, and long term alliance to improve market revenue
share and gaining significant geographic presence across the region. For instance. In May 2019, Ekinops
has signed an agreement to acquire the OTN-Switch (Optical Transport Network) technology of Padtec a
Brazil based company. This merger will help Ekinops to offer full OTN technology which helps in
increasing market share and to obtain more profits.
Key player’s profiles in the report are
• Corning, Inc. (U.S.)
• Finisar (U.S.)
• Infinera Corporation (U.S.)
• LS Cable & System (South Korea)
• General Cable Corporation (U.S.)
• Furukawa Electric (Japan)
• General Cable Corporation (U.S.)
• AFL Global (U.S.)
• Leoni AG (Germany)
• Prysmian Group (Italy)
• Finolex Cables Limited (India)
• Sterlite Technologies Limited (India)

Detailed Segmentation

By Cable Type:
 Single mode
 Multi-mode

By Optical Fiber Type:

 Glass optical fiber
 Plastics optical fiber

By Application:
 Communications
 Telecom
 Premises
 Utility
 CATV
 Military
 Industrial
 Security
 Metropolitan
 Non-communications
 Sensors
 Fiber Optic Lighting

By End-user Industry
 IT and Telecom
 BFSI
 Defense and Aerospace
 Healthcare
  Manufacturing
 Government
 Other End-user Industries

Geography

o North America
 U.S
 Canada
o Europe
 Germany
 France
 U.K
 Italy
 Spain
 Russia
 Poland
 Rest of Europe
o Asia-Pacific
 Japan
 China
 India
 Australia & New Zealand
 ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
 South Korea
 Rest of Asia-Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Venezuela
 Rest of Latin America
o Middle East and Africa (MEA)
 Gulf Cooperation Council (GCC) Countries
 Israel
 South Africa
 Rest of MEA

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market/

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