Fiber Optics Market Anticipated to Garner USD 13.7 Billion

New York, US, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Fiber Optics Market” information by Optical Fiber Type, by cable type, by industry vertical, and Region – Forecast to 2030” market size to reach USD 13.7 billion, growing at a compound annual growth rate of 7.1% by 2030.

Market Scope:
The growing preference for fiber optics especially in smart city projects will offer robust opportunities for the fiber optics market over the forecast period. In the smart city environment, the interrelated and interconnected technologies play a crucial part to transfer, capture, and translate data into meaningful information for developing and strengthening urban infrastructure. The high-speed connectivity aids to deliver a huge amount of data from one part to the other through communications infrastructure.

Dominant Key Players on Fiber Optic Market Covered are:

  • Optical Cable Corporation (U.S.)
  • Sterlite Technologies (India)
  • Fujikura Limited (Japan)
  • Finolex Cable Limited (India)
  • Ofs Fitel Llc (U.S.)
  • Prysmian Spa (Italy)
  • Infinera Corporation (U.S.)
  • Corning INC. (U.S.)
  • Birla Furukawa Fibre Optics (India)
  • AFC Group (Australia)
  • Molex Incorporated (U.S)
  • Anixter International (U.S)
  • Luna (U.S)
  • Avantes (U.S)
  • Pepperl+Fuchs (Germany)
  • Geokon
  • Incorporated (U.S)
  • L-com.com (U.S)
  • TE Connectivity (Switzerland)
  • Extron Electronics (U.S)

Get Free Sample PDF Brochure:  
https://www.marketresearchfuture.com/sample_request/1169

Market USP Exclusively Encompassed:
Market Drivers
Advent of IoT to Boost Market Growth
The advent of the IoT has boosted the need for better connectivity and higher bandwidth in commercial office buildings and workplaces that will boost fiber optics market growth over the forecast period. Fiber optics is regarded the right solution as this offers a secure and reliable connection amid IoT device.

Large Capital Expenditure to act as Market Restraint
The large capital expenditure and high cost related to the implementation of fiber may act as market restraints over the forecast period.

Stringent Regulations to act as Market Challenge
Stringent regulations and growing trend for wireless communication may act as market challenges over the forecast period.

Browse In-depth Market Research Report (100 Pages) on Fiber Optics Market: 
https://www.marketresearchfuture.com/reports/fiber-optic-market-1169   

Segmentation of Market Covered in the Research:
The fiber optic market is bifurcated based on components, optical fiber type, application, and end users.

By components, the fiber optics market is segmented into amplifiers, transmitters and receivers, couplers, and connectors.

By optical fiber type, multiple mode will lead the fiber optic market over the forecast period.

By application, the fiber optics market is segmented into sensors, security, and fiber optic lighting.

By end users, telecom and broadband will dominate the fiber optic market over the forecast period.

Regional Analysis
APAC to Spearhead Fiber Optic Market
During the said period, the fiber optics market in this region is expected to be the highest. APAC's rapid industrialization & infrastructure development have opened up a plethora of prospects for the use of fiber optics in a variety of applications. China, India, Japan, Australia, & South Korea are the largest fiber optics markets in APAC. China is the world's largest manufacturing hub and one of the most populous countries in terms of internet usage. Furthermore, China is the world's most populous country, resulting in an increase in applications such as communication, premises, CATV, utility, and industrial. Furthermore, as a result of the expanding industrial operations in the region, nations such as India & South Korea are seeing considerable growth rates. China has had the biggest demand for optical fiber cables in recent years. Fiber has been placed in practically every telecom application in China, from intercity-intra-city to mobile cellular systems. Fiber optical systems are being adopted by Chinese government authorities & businesses in a variety of applications, including the pipelines, electric power grid, trains, motorways, airports, & data centres. In addition, the introduction of 5G is likely to boost fiber demand in China & other Asian countries in the future years. Due to increased usage of fiber optics in the IT and telecom sectors, Asia Pacific led the global fiber optics market with regards to revenue in 2019. Furthermore, by maintaining its leading market position during the coming years, the region presents a significant growth prospect. The region has strong growth prospects for new technology, which promotes demand for fiber optics.

Talk to Expert:
https://www.marketresearchfuture.com/ask_for_schedule_call/1169 

Increased infrastructure development & industrialization have created huge potential opportunities for fiber optic cable deployment across a variety of applications in the region. According to the World Bank, Asia Pacific would need to invest USD 1.7 trillion every year in infrastructure development from 2016 to 2030 to maintain its economic growth. In the aftermath of this, private capital has come in in considerable amounts during the last few years. For example, the United States stated in July 2018 that it would invest USD 113 million in infrastructure projects throughout Asia Pacific. The region's rapid industrialization & infrastructure development have opened up a plethora of prospects for the usage of fiber optics in assorted applications.

North America to Have Admirable Growth in Fiber Optics Market
North America will have admirable growth in the fiber optic market over the forecast period. The requirement for a larger capacity network has prompted firms in North America to opt for optical fiber networks both for fixed & mobile services. According to a 2018 survey done by Fiber Broadband Association and RVA, fiber has been installed in approximately 41 million houses in the United States and connects 18.6 million residences. Furthermore, during 2017, the United States has seen a 17.0 percent rise in fiber deployment at households. Market growth is also being propelled by an expansion in the use of optical fiber technologies in the region. Because of technological advancements and rising use of technologies in the government and telecommunications sectors, North America is predicted to grow at a much faster rate than the rest of the world throughout the projection period. In nations like the US, Mexico, & Canada, use of technology in the industrial sector is expanding, which is likely to enhance regional market growth. Fiber optics' growing application in the healthcare sector is also predicted to support fiber optics market revenue growth.

Buy this Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1169

COVID-19 Impact on the Global Fiber Optic Market
The spread of COVID-19 in various countries around the world has had a negative impact on several industries. The global pandemic crisis has had a significant impact on the Fiber Optic Market. Since the onset of the COVID-19 pandemic, this market has benefited. Because of global lockdowns, there has been a considerable surge in demand for computational creativity in recent months. Rising sales of information and technology and telecommunications products are predicted to have an impact on the Fiber Optics Market throughout the forecast period. Globally, increasing Internet penetration and smartphone sales are expected to boost the market growth. The new coronavirus outbreak is likely to have a long-term impact on consumer lifestyle and behavior, which has resulted in increased use of information and communications products and services.

Related Reports:
Hybrid Fibre Coaxial Market Research, By Technology, Component and Region – Forecast till 2027

Fiber Optic Sensor Market, by Type, by End-User, by Component and Region - Forecast 2027

Fiber to the Premises Market, By Type, By End Users, By Verticals and Region - Forecast 2027

Fiber Optic Cable Assemblies Market, By Cable Length, By Mode Types, By Product Types, By End Users and Region - Forecast 2027

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


Fiber Optics Market Anticipated to Garner USD 13.7 Billion

TIN LIÊN QUAN

Cloud Managed Network Market worth $36.3 billion by 2027,

The need for greater data connectivity with higher security, privacy and control will drive the Cloud Managed Network Market....

Optical Sensing Market Size to Hit USD 6.7 Billion at a

Optical Sensing Market is increasing penetration of smartphones...

Global Pulmonary Embolism Market Size - Forecasts to 2028

The paramount competitors covered in the global pulmonary embolism market report include Abbott, F. Hoffmann-La Roche Ltd., Mylan N.V., Teva...

Meter Data Management Market Projected to Reach USD 0.43

Meter Data Management Market Growth Boost by Increasing use of Smart Meter Data Management Within the Electricity Network...

North America Commercial Nuclear Power Market Size

BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi, Heavy Industries Ltd, GE-Hitachi Nuclear Energy Inc., Westinghouse...

Particleboard Market Expected to Grow at 5.2% CAGR Till

NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading market research firm, has released its latest report on the global wooden particle board...

Power Transformer Market is Projected to Reach USD 34,510.0

Power Transformer Market Growth Boost by Rise In Transmission And Distribution Infrastructure Investments...

CSP Network Analytics Market Worth USD 4.52 Billion At

CSP Network Analytics Market is growing due to the increased penetration of the Internet has raised the demand for mobile apps, generating new...

THỦ THUẬT HAY

Chia sẻ bạn cách kiểm tra xác nhận tiêm chủng Vaccine COVID-19 Online không cần dùng ứng dụng

Việc kiểm tra xác nhận tiêm chủng Vaccine COVID-19 giờ đây có thể thực hiện bằng nhiều hình thức khác nhau, bạn có thể truy cập vào app Sổ sức khỏe điện tử hoặc có thể kiểm tra online mà không cần tải ứng dụng về máy.

Cách tra cứu địa chỉ cơ quan thuế trên điện thoại rất đơn giản cho bạn

Cách tra cứu địa chỉ cơ quan thuế bằng điện thoại nhanh chóng, tiện lợi, giúp người dân tiết kiệm thời gian trong việc tìm kiếm địa chỉ của cơ quan thuế. Sau đây là hướng dẫn...

Tìm bài hát thông qua giai điệu trên iPhone

Đôi khi bạn chỉ cần hỏi “Hey, what’s that song?” (Này, bài hát đó là gì?), iPhone của bạn có thể 'nghe' bất kỳ bài hát nào đang phát gần đó và cho bạn biết tên bài hát đó. Bạn không cần bất kỳ ứng dụng thứ ba nào, bởi

Tải video chất lượng cao trên Facebook về iPhone với Siri Shortcuts

Trước đây, để tải video trên mạng xã hội Facebook về iPhone, chúng ta cần phải làm rất nhiều bước phức tạp thông qua một ứng dụng bên thứ ba. Tuy nhiên với ứng dụng Siri Shortcuts có mặt trên iOS 12, việc tải video

Cách gỡ bỏ một gói ngôn ngữ trên Windows 10

Khi cài hệ điều hành Windows 10 với thiết lập vùng Việt Nam (hay thậm chí là cài EN-US nhưng sau khi máy kết nối mạng tự tìm và thêm VI-VN), người dùng thường hay mắc phải một vấn đề liên quan đến bàn phím, làm biến

ĐÁNH GIÁ NHANH

Đánh giá nhanh Apple Watch tại Việt nam

Apple Watch hiện có ba phiên bản nhằm đáp ứng nhu cầu sử dụng khác nhau của người dùng là Apple Watch Sport, Apple Watch và Apple Watch Edition.

Volvo XC90 2016 - chiếc SUV hạng sang sở hữu nhiều công nghệ tiên tiến nhất

Volvo XC90 2016 đánh dấu bước chuyển mình của chiếc SUV đến từ Thụy Điển, chiếc ô tô lần đầu tiên được thiết kế lại toàn diện kể từ khi ra mắt vào năm 2003. Trong khi theo tiêu chuẩn hiện...

Đánh giá bàn phím cơ Zadez GT-03K: Ốp kim loại, phím dài có Stabilizer

Zadez là một tay ngang mới xuât hiện trong làng gaming gear Việt Nam nhưng họ cho thấy khả năng gia công sản phẩm khá tốt của mình với bàn phím cơ GT-03K.