Tuesday 9th August 2022

Fiber Optics Market 2021-2026: Size, Share, Trends, Outlook, and Forecast – Stillwater


As per the latest report by IMARC Group, titled “Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global fiber optics market reached a value of US$ 6.7 Billion in 2020. Looking forward, IMARC Group expects the global fiber optics market to exhibit moderate growth during the next five years.

Fiber optics, also known as optical fiber, is a technology through which the transmission of data takes place in the form of light particles or photons. It is associated with attributes such as data security, electrical isolation, low attenuation rate; reduced cost, size, and weight; and increased bandwidth and electromagnetic interference immunity. As a result, fiber optics technology finds vast application in the healthcare and telecommunication industries across the globe. Besides this, it is also utilized in the military and defense industry for vehicle navigation, transmitting radio signals, and environmental sensing and monitoring.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Fiber Optics Market Trends:

With the rapidly growing population, there has been a rise in the demand for high bandwidth communication and data transmission services, which in turn is resulting in the steady growth of the telecommunications and information technology (IT) industry. This, coupled with the attributes of fiber optics in effectively transmitting data, images and voice messages over vast distances, is catalyzing its demand, especially in the information technology sector. Apart from this, the arrival of 5G network, Fiber to the Home (FTTH) and Fiber to the Building (FTTB) are the sales of broadband network systems that provide high-speed data and related services to consumers. Further, fiber optics internet is considered relatively more reliable during power outages as they do not need electricity for functioning. Additionally, this technology also finds applications in the healthcare industry, wherein X-ray, microscopy, surgical endoscopy, ophthalmic lasers and light therapy represent some of the major medical procedures that employ fiber optics.

Explore Full Report with TOC & List of Figure: https://bit.ly/2RiSoNG

Key Market Segmentation:                    

Competitive Landscape:                        

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Corning Inc.
  • Prysmian Group
  • Finisar
  • AFL Global
  • Sumitomo Electronics Industries (SEI)
  • Ls Cable & System
  • Leoni AG
  • Furukawa Electric
  • General Cable Corporation
  • Finolex

Breakup by Cable Type:

Breakup by Optical Fiber Type:

Breakup by Application:

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

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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