Global Fiber Optics Market
Fiber Optics Market
Finished Date: TBD Report ID: 7003 Category: Industry Research Report
The principle applications of fiber optics include telecommunication, utilities, oil & gas, military & aerospace, private data networks, biomedical and cable television. Driven by the rapid increase of internet broadband and global networks, telecommunication accounted for ~60% of the total market in 2015 and is expected to continuously be the key application segment over the coming years. GMD predicts the global fiber optics market to grow at ~6% over the period 2015-2020, fueled by the fast upgrade of information technology in emerging economics and steady investment growth in developed world.
Key region markets are Asia-Pacific, North America & Europe with their combined share of ~88% in the world total by the end of 2015. As the fiber optics has replaced copper wires in long-distance telephone lines, the developing trend in developing countries is construction/upgrade of the 3G/4G/LTE mobile network, and setting up the fiber to-the-node (FTTN) and fiber-to-the-home (FTTH) networks in developed economics.
The global key players in this industry are Optical Cable Corporation, Corning Inc. (U.S.), Finolex Cable Limited, Prysmian SpA (Italy), Birla Furukawa Fibre Optics Limited, Sterlite Technologies Limited (India), Yangtze Optical Fiber and Cable Co. Ltd. (China), Australian Fibreoptic Communications (AFC), Fujikura Limited (Japan), and Ofs Fitel.
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