According to the new market research report by IndustryARC titled “Fiber Optics Market: By Type (Step-Index, Graded-Index); By Mode (Single, Multi mode); By Cables ( Loose-Tube, Tight-Buffer); By Configuration( Fiber Non-Imaging, Fiber Imaging, Fused Imaging); By Applications( Military, Oil& Gas ,Others) &Forecast(2018 – 2023),” the market will be driven by advancement of technology and the growing need for internet are potential opportunities in the cable industry.
Asia-Pacific Expected to Contribute Major Share:
In terms of geographic regions, Asia-Pacific will be the major contributor to the market by 2023. This mainly attributes to the increased demand for optical cablesfrom the countries like China, Japan, South Korea, and Taiwan. Currently China is the leading player for fiber optics products. With the growing marketplace for internet, the development of high-speed transmission network, and the government initiatives will present high growth opportunities for fiber manufacturers.
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Selected Type and Application Analysis Done in the Full Report:
Fiber optics market is segmented into type, configuration, mode, cable,link components, and applications. The mode is further classified into single mode and multi mode. The single mode and multi mode fiber is mainly utilized in the areas of telecommunications, education institutes, and CATV companies. The relative cost of multi-mode fiber optics is high as compared with single mode, for its high band width and ability to handle multiple task functionality.
Selected Driving Factors Mentioned in the Full Report:
• Leading concern like greater safety, security, requirement for 4G, LTE and FTTx and high speed transmissions levels incurred more demand for this advanced fiber optics over metal communication line.
• Increase in the demand is also due to investments in the fields like telecommunication and information technology, and new developments in the countries like China, Brazil, U.S, India and Western and Eastern European countries.
• The emergence of Internet of Things (IoT) will grip traction in the optical fiber market. IoT includes M2M communication, which enables devices to exchange and act upon information. A rapid growing adoption of 4G from 3G usage, is the most favourable factor behind the growth.
Key Players of the Fiber Optics Market:
Fujikura Ltd., Furukawa Electric Co., Ltd., Broadata Communications Pvt Ltd.,California insulated wire & cable Ltd.,The Siemon Company, Sumitomo Electric Lightwave Corporation and Corning, Inc., are the leading players in the report.
The Fiber Optics Market is Segmented as Indicated below:
The growing popularity in high bandwidth, long distance communication, and safety security will drive the demand for it.
A. Fiber Optics Market -By Type
1. Step Index
2. Graded Index
B. Fiber Optics Market -By Configurations
1. Fiber Non-Imaging Configuration
1.1. Single Fiber
1.2. Light Guides
1.3. Plastic Fiber
What can you expect from the report?
The Report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Category
2. Market Trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End User Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
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