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Tuesday, September 14, 2021

Global Optical Fibre Market to be Driven by Technological Advancements in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Optical Fibre Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global optical fibre market, assessing the market based on its segments like fibre types, cable types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 7.4 billion
  • Forecast CAGR (2021-2026): 15%
  • Forecast Market Size (2026): USD 17.7 billion

The market for optical fibre is being aided by the rising demand for secure, reliable, cost-effective, fast, and efficient data transmission. The growing applications of optical fibres such as telecommunication, broadbands, and data networking are further lubricating the market growth. In addition, increasing smartphones ownership, internet penetration, and the extensive use of network connectivity for gaming and streaming is surging the demand for infinite bandwidth optic fibre owing to data traffic, hence further augmenting the growth of the optical fibre industry. The escalating efforts of governments to promote digitisation and the introduction of favourable policies and incentives to provide an affordable internet connection to their citizens is providing further impetus to the market growth.

Industry Definition and Major Segments

Optical fibre is a fibre that carries information in the form of light pulses from one end to another. It is generally made of plastic or glass and is used for long-distance and high-performance networking.  It has higher bandwidth and transmits information faster than copper cables and is generally used in telecommunication services like television, telephone, and internet.

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Based on the fibre type, the market is divided into:

  • Glass
  • Plastics

The major cable types of optical fibre are:

  • Single Mode
  • Multi-Mode

By applications, the market is divided into:

  • Telecom
  • Oil and Gas
  • Military and Aerospace
  • Medical
  • BFSI
  • Others

The regional markets of optical fibre are:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Market Trends

The optical fibre industry is driven by technological advancements and innovations to provide faster internet. The advent of 5G technology which promises to provide wireless and fast internet heavily relies on optical fibre cables for ultra-low latency. This is anticipated to propel the market growth. Also, the development of technologies such as all-optical network and orbital angular momentum (OBM) to provide efficient transmission is further anticipated to invigorate the growth of the optical fibre industry. The surging use of the Internet of things (IoT) in various industrial applications is also catalysing the market growth. In addition, the rising prevalence of smart cities which require efficient connectivity is expected to further bolster the market growth.

Key Market Players

The major players in the market are Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, and Fujikura Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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