光纤市场Share, Size, Trends, Industry Analysis Report By Type (SingleMode, MultiMode, Plastic Optical Fiber); By Application (Telecommunications, Oil & Gas, Military & Aerospace, BFSI, Railway, Medical and Others); By Regions, Segments & Forecast, 2018 - 2026

Report Summary

The global fiber optics market is estimated to be USD 3,748.3 million in 2017 and is estimated to grow at a CAGR of around 7% during the forecast period. The increasing adoption of cloud computing, IoT, and data transfer & storage has resulted in high usage of internet thus, influencing the market for fiber optics. Further, the penetration of internet is also driven by increasing demand for connected devices, access to internet, and increase in rise for OTT video content. Such factor are responsible for propelling the growth of fiber optics market. Additionally, emergent opportunities in the healthcare industry coupled with increasing funds by the government for developing network infrastructure are the factors fueling the Fiber Optics Market growth.

The fiber optics market is anticipated to notice a prosperous growth during the projected period attributed to factors including, increasing capital investments and research by the key industry players for the development and upgradation of optical technology applications. Also, due to increased awareness regarding the advantages of technology adoption has driven the growth of the fiber optics Market. The importance of fiber optics has increased over the recent past with determined R&D activities and the intensifying high bandwidth communication demand.

分部分析

The application segment is categorized into telecommunications, military & aerospace, oil & gas, BFSI, railway, medical, and other applications. Among these, the telecommunications is anticipated to be the leading segment. However, medical as well as military & aerospace are expected to experience high growth owing to the increased adoption of fiber optics by these applications. Furthermore, strict regulations and standards levied by the medical associations and government are also influencing the market growth in the medical application.

就类型而言，单模和多模细分市场占据主导地位，预计在整个预测期内将持续增长。尽管如此，开发新制造技术的资本投资预计会阻碍市场增长，并被视为一个关键的制约因素。此外，塑料光纤也有望见证所有类型中的最高增长，因为它可以节省成本。

区域分析

The North America fiber optics market is currently leading with the largest market share among geographies. However, the Fiber Optics Market is experiencing a high growth in Asia Pacific region attributed to increased advancements in technology owing to high adoption of fiber optics by the administrative as well as IT & Telecommunications sector. Also, highly flourishing manufacturing industry of the region and their adoption of fiber optics is another factor adding to the market growth.

Competitive Analysis

Some of the major players operating in the fiber optics market include Corning Incorporated, Prysmian S.p.A., Optical Cable Corporation, OFS Fitel, LLC, AFL, Furukawa Electric, Sterlite Technologies Limited, Finolex Cables Ltd., YOFC and General Cable Corporation among others. Introduction of new products and mergers & acquisitions are the key strategies that the market players are adopting to compete in the market efficiently.