The global fiber optics market is growing with the rapid pace is mainly due to high bandwidth communication for long distance via optical fiber which is propelling the fiber optics market growth to the large extent. According to a recent study report published by the Market Research Future, The global market of fiber optics is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The global fiber optics market is driven due to the increasing demand of latest technologies such as RFID, Fiber and NFC and others which is boosting the market growth fiber optics. The RFID tag which is integrated into the optical fiber cable, connectors, adapters and others is used to accomplish the tracking automatically in data centers. The growing opportunities in the healthcare sector such as endoscopic imaging applications, and biomedical sensing applications are boosting the market growth of fiber optics.
The increasing demand in different applications such as fiber optic lighting, CATV, security, premises, sensors, and others which are appealing the market growth to a large extent. The fiber optic market is gaining momentum due to multimode cables are widely used among users as these are used for communication over short distances at a very high speed. The use of electronics products including light-emitting diodes and vertical-cavity surface-emitting lasers are propelling the fiber optics market growth. The light-emitting diodes along with fiber optics is used to emit electromagnetic radiation, which is used for detecting faults, LAN/WANs, breaks, and others.
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Major Key Players
Extron Electronics (U.S)
Molex Incorporated (U.S),
Anixter International (U.S),
Optical Cable Corporation (U.S.),
Ofs Fitel, Llc (U.S.),
Infinera Corporation (U.S.),
Corning INC. (U.S.),
Geokon, Incorporated (U.S),
Sterlite Technologies (India), Fujikura Limited (Japan), Finolex Cable Limited (India), Prysmian Spa (Italy), Birla Furukawa Fibre Optics (India), AFC Group (Australia), Pepperl+Fuchs (Germany), TE Connectivity (Switzerland),
Global Fiber Optic Market is expected to grow at USD ~6 billion by 2023, at a CAGR of ~10% during the forecast period 2017-2023.
November 2, 2017 – Fujikura Ltd had launched high performance silica core fiber which is specially designed for next-generation long-haul terrestrial networks and optical transmission system with high-speed digital signal processing.
In August 2016- Infinera Corporation paired with Lumentum Holdings Inc. for Intelligent Transport Network DWDM platforms incorporated with white box optical line system. With this pairing, the companies are operating in an open optical networking environment. These companies have build a simulated point-to-point metro fiber network with the aim of bringing the open networking concepts in the market.
June 2, 2016 – Sterlite Technologies Ltd has announced its new high-quality optical communication products and services. Their product portfolio includes innovative optical fiber, optical fiber cable and data cable technologies. With this technologies, the company is planning to deliver smarter and long-lasting networks.
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The Market of fiber optics appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms. Prominent vendors of fiber optics targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new fiber optics modules that match the changing trends and needs across the globe. These players possess a strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among fiber optics industry marketers on inbound lead generation over branding-oriented efforts.
- Fiber optic companies
- Fiber optic providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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