Optical Fiber Market is expected to grow US$ 36.99 Bn by 2027 from US$ 11.30 Bn in 2017. Today, the fiber cables are used to transmit video along with voice and data. The installation of fiber cables in the initial stages was a bit tedious task but with growing awareness and skilled labor have made implementations quite easier. Increasing the deployments of data centers in various parts of the world have significantly led to the rise in usage of optical fiber communications. Upcoming technologies where data is transferred in real-time require high bandwidth medium for propagation. High bandwidth requirements are fulfilled by the optical fiber cables.
A key trend which will predominantly affect the optical fiber market in a coming year is the emergence of all optical fiber communication. An all fiber-optic communication is envisioned which will be completed in the optical domain, giving rise to an all-optical communication network. In such networks, all signals will be processed in the optical domain, without any form of electrical manipulation. Presently, processing and switching of signals take place in the electrical domain, optical signals must first be converted to an electrical signal before they can be processed and routed to their destination. After the processing and routing, the signals are then re-converted to optical signals, which are transmitted over long distances to their destination. This optical to electrical conversion and vice versa results in added latency on the network and this is a limitation to achieving very high data rates
Top Competitors of Market: Corning Inc.,Prysmian SpA,Yangtze Optical Fiber and Cable Co. Ltd.,FiberHome Telecommunication Technologies Co. Ltd.,Finisar Corporation,Furukawa Electric Co., Ltd.,Hengtong Group Co., Ltd.,Nexans SA,Sumitomo Electric Industries, Ltd.,ZTT Group.
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Strategic Insights
Market initiative was observed as the most adopted strategy in global optical fiber industry. Few of the market initiative are listed below;
2017: The showcase of Sterlite Technologies includes high-quality optical communication & data cable products, network and system integration capabilities, Elitecore OSS/BSS, FTTx and Smart City solutions. Sterlite Tech is enabling top telecom operators and governments with smarter networks in over 100 countries.
2017: Micromax Vdeo series phones designed for the “value-segment” customer to incorporate Corning Gorilla Glass on the smartphone devices.
2017: Prysmian UK announced its plans to develop a land cable connections for the East Anglia ONE offshore wind farm. A 220 kV underground cable will link 102 turbines to the grid to power 500,000 homes.
The overall optical fiber market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the optical fiber market. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the optical fiber market industry.
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TABLE OF CONTENTS
1. INTRODUCTION 16
1.1 SCOPE OF THE STUDY 16
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 16
2. KEY TAKEAWAYS 17
3. MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 Global Optical Fiber Market – By Type 21
3.2.2 Global Optical Fiber Market – By Mode 21
3.2.3 Global Optical Fiber Market – By Composition 21
3.2.4 Global Optical Fiber Market – By End-user 21
3.2.5 Global Optical Fiber Market – By Geography 22
3.3 PEST ANALYSIS 23
3.3.1 North America PEST Analysis 23
3.3.2 Europe PEST Analysis 25
4. GLOBAL OPTICAL FIBER MARKET – KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Increasing Needs for Network Up-gradation 33
4.1.2 Burgeoning optical fiber demands in growing economies such as China, India and Brazil 33
4.2 KEY MARKET RESTRAINTS 34
4.2.1 High Initial Investments 34
4.2.2 Complex legal procedures involved with deployment of optical fiber project 34
5. OPTICAL FIBER MARKET – GLOBAL 37
5.1 GLOBAL OPTICAL FIBER MARKET OVERVIEW 37
5.2 GLOBAL OPTICAL FIBER MARKET FORECAST AND ANALYSIS 37
6. GLOBAL OPTICAL FIBER MARKET ANALYSIS – BY TYPE 39
6.1 OVERVIEW 39
6.2 STEP INDEXED OPTICAL FIBER 40
6.2.1 Overview 40
7. GLOBAL OPTICAL FIBER MARKET ANALYSIS – BY MODE 42
7.1 OVERVIEW 42
7.2 SINGLE MODE 44
7.2.1 Overview 44
8. GLOBAL OPTICAL FIBER MARKET ANALYSIS – BY COMPOSITION 47
8.1 OVERVIEW 47
8.2 GLASS OPTICAL FIBER 48
8.2.1 Overview 48
8.2.2 Global Glass Optical Fiber Market Revenue and Forecasts to 2027 (US$ Bn) 48
8.3 PLASTIC OPTICAL FIBER 49
8.3.1 Overview 49
8.3.2 Plastic Optical Fiber Market Revenue and Forecasts to 2027 (US$ Bn) 49
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