Global Fiber Optics Market Size, Share, Growth, and Forecast to 2025Posted by rekha on September 3rd, 2019 Precision Business Insights (PBI) in its report titled “Global Fiber Optics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global fiber optics market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to increase in, demand for high band width communication, increased applications of optical fibers over different sectors, and rise in R&D activities for the development of fiber optics market are the major factors that are driving the growth of the global fiber optics market over the forecast timeframe are expected to drive the global fiber optics market. However, high cost for the installation and wireless communication technology are anticipated to hinder the revenue share of global fiber optics market. Global fiber optics market segmented on the basis of cable type, end user industry, optical fiber type, application and region. For request sample: https://www.precisionbusinessinsights.com/request-sample?product_id=36233 Telecommunication Dominates the Global Fiber Optics Market Based on the application, global fiber optics market segmented into communications, non-communications. Communications is sub divided into different sectors among them telecommunication industry plays a major role dominated the global fiber optics market in 2017 and estimated to dominate over the forecast period owing to increase in application towards communication and data transmitting services, less loss of signals, cost effectiveness, high security, and wide range of applications. However, a faster growth rate observed in medical sector due to advancements in medical sector. North America Leads the Global Fiber Optics Market
PBI’s global fiber optics market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to enhanced telecommunication sector infrastructure and other applications in different industries are anticipated to propel the market. Asia pacific fiber optics market projected to exhibit significant growth due toincreased usage of the advanced technology in IT, telecommunication and administrative sectors.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global fiber optics market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In May 2019, Ekinops has signed an agreement to acquire the OTN-Switch (Optical Transport Network) technology of Padtec a Brazil based company. This merger will help Ekinops to offer full OTN technology which helps in increasing market share and to obtain more profits. Key player’s profiles in the report are
• Finisar (U.S.) • Infinera Corporation (U.S.) • LS Cable & System (South Korea)
Detailed Segmentation
By Cable Type:
By Optical Fiber Type:
By Application:
By End-user Industry
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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