Global Optical Fiber Market Outlook 2017-2022

The global optical fiber market is expected to gain a significant rise in the global market. Optical fiber market is driven by rise in telecommunications for data transmission services and proliferated use of optical fibers. Rise in video-on-demand, audio-video services, cloud-based applications, and video-on-demand services is likely to result in massive installation for optical fiber. 

Segmentation by type for optical fiber market includes single mode, multimode and plastic optical fiber. Multimode optical fiber is expected to dominate the revenue share in the forecast period.  Application segment for optical fiber market include military & aerospace, medical, railway, BFSI and others. The application segment is led by medical & military & aerospace application to have a significant growth normally attributed to rise in adoption of optic technology devices 

Optical fiber market is driven by factors such as better opportunities in the healthcare sector coupled with rise in government funding and advances in network infrastructure. Rise in investments and research activities undertaken by prominent manufacturers. In addition, hardware upgrade in the optical fiber arena, the growing awareness of adopting the technology is further stimulating the market growth. The five-year forecast for the optical fiber market shows a healthy Compound Annual Growth Rate (CAGR) of 12.6 percent driven by increased demand from the Telecom, Industrial, and Utility segment.

Geographical segmentation for optical fiber market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America dominated the market growth in the recent past. APAC sector accounts for a significant market share in the terms of revenue owing to rise in technological advances and significant adoption to IT and telecommunications sector. Other reasons such as rise in application of fiber optics in the medical sector is also propelling to the market growth in the near future. 

The key players in the optical fiber market include Corning Inc, Yangtze Optical Fiber and Cable Co Ltd, Sterlite Technologies, Fujikara Limited, Finolex Cable Limited, OFS Fitel, Alcatel, Lucent, Amphenol Corporation, and Broadcom Limited.

The report covers forecast and analysis for the optical fiber market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the optical fiber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the optical fiber market on a global level.

The five-year forecast for the optical fiber market shows a healthy Compound Annual Growth Rate (CAGR) of 12.6 percent driven by increased demand from the Telecom, Industrial, and Utility segment, according to a new report published by Gen Consulting Company.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global optical fiber market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the Telecom, Industrial, and Utility and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global optical fiber market.

Key Applications
• Telecom
• Industrial
• Utility

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• Corning
• AFL
• FiberHome
• Fujikura
• Furukawa
• Futong Group
• Hengtong Optic-electric
• Hitachi
• Leoni
• LS Cable
• Prysmian Group
• Sterlite Tech
• Sumitomo Electric
• Taihan Fiberoptics
• TKH Group
• Tongding Group
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Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global optical fiber market?
• What are the challenges to market growth?
• Who are the key players in the optical fiber market?
• What are the market opportunities and threats faced by the key players?