Optical Fiber Market- Global Analysis and Forecasts 2027
Posted by Sonika on January 29th, 2019
Optical Fiber Market is expected to grow US$ 36.99 Bn by 2027 from US$ 11.30 Bn in 2017. Today, the fiber cables are used to transmit video along with voice and data. The installation of fiber cables in the initial stages was a bit tedious task but with growing awareness and skilled labor have made implementations quite easier. Increasing the deployments of data centers in various parts of the world have significantly led to the rise in usage of optical fiber communications. Upcoming technologies where data is transferred in real-time require high bandwidth medium for propagation. High bandwidth requirements are fulfilled by the optical fiber cables.
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A key trend which will predominantly affect the optical fiber market in a coming year is the emergence of all optical fiber communication. An all fiber-optic communication is envisioned which will be completed in the optical domain, giving rise to an all-optical communication network. In such networks, all signals will be processed in the optical domain, without any form of electrical manipulation. Presently, processing and switching of signals take place in the electrical domain, optical signals must first be converted to an electrical signal before they can be processed and routed to their destination. After the processing and routing, the signals are then re-converted to optical signals, which are transmitted over long distances to their destination. This optical to electrical conversion and vice versa results in added latency on the network and this is a limitation to achieving very high data rates.
Optical Fiber market by end-user is segmented into Broadcast, Telecommunication & IT, Industrial, Medical, Defense and Others. The others segment comprises of the automobile industry, R&D industry, and Infrastructural health monitoring sector. The propagating penetration of fiber to home is expected to have a significant impact on the growth of optical fiber market in the coming years. This technology, allows the residential sectors (households) to connect home with the operators through fiber optic cables. In the year 2016, the FTTH accounted for approximately 67% of the superfast broadband technology adoption rate across the globe.
The overall optical fiber market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the optical fiber market. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the optical fiber market industry.
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About the AuthorSonika
Joined: January 22nd, 2019
Articles Posted: 539
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