According to the latest report by GMI Research, Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027. The Global Fiber Optics Market illustrates the impact of the COVID-19 pandemic and concludes that the market is expected to bounce back in 2021 over 2020, while growing at a higher growth rate from 2022 onwards. An optical fiber is defined as a flexible and transparent fiber composed of glass or plastic. The fiber optics cable is used to transmit information from one end to another end of the cable through an optical (light-based) technology. These fibers have a diameter slightly thicker than a human hair and are arranged in bundles to form optical cables.
Competitive Landscape: The global fiber optics market report also scans the competitive landscape and profiles the major players operating in the market, including Sumitomo Electric Industries, Ltd (Sei), LS Cable & System, Fujikura Limited, Sterlite Technologies Limited, Ii-Vi Incorporated, Prysmian Group, Leoni AG, Optical Cable Corporation, Yangtze Optical Fiber And Cable Co., Ltd., Corning Incorporated, and Furukawa Electric Co. Ltd.
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The significant factors driving the growth of the global fiber optics market include the strong demand of the internet at the global level and the growing need for FTTx (Fiber to the X). The growing penetration of internet users and the emerging need for a high bandwidth communication system to transfer data information such as videos and images will further energize the market growth in the coming years. Simultaneously, the growing need for high-speed internet in the telecommunications and IT sector will have a positive impact on the global fiber optics market in the upcoming years.
Additionally, the continuous technological advancement in the telecommunication sector will create innumerable opportunities for the deployment of broadband network architectures, thereby accelerating the growth of the global fiber optics market. Moreover, the expansion in the telecommunication industry in the Middle East & Africa is anticipated to increase the fiber optics market size across the globe.
On the basis of fiber type, the glass segment is expected to cover the highest fiber optics market size owing to the growing demand from several applications and easy availability and better performance of the glass Fiber optics.
For further information on these analyses, please visit: https://www.gmiresearch.com/report/fiber-optics-market/
Breakup by Fiber Type:
Breakup by Cable Type:
- Single Mode
Breakup by Application:
- Cable Antenna
- Television (CATV)
- Non- Communication
- Fiber Optics Lighting
Breakup by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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