The fiber optics market major driving factor is increase in use of fiber optics communication in consumer and commercial segment for more telecommunication capacity and internet services, since fiber optic technology is capable of providing information capacity larger than both wireless connections and copper cable. China’s optical fiber market is the most influential force in the global market. In last 10 years duration China has grown exponentially and currently it shares more than 50% of total fiber optics market. In 2015 China’s largest cable customer, “China Mobile” alone installed more optical cable than all the combined customers in North America, Western Europe, and Eastern Europe.
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The report aims to provide an overview of global optical fiber market with detailed market segmentation by application and geography. The global optical fiber market is expected to witness exponential growth during the forecast period. Advances in technology and improved transmission capacity will drive the market in near future.
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The objectives of Optical Fiber Market Report is as follows:
- To provide overview of the global optical fiber market
- To analyze and forecast the global optical fiber market on the basis of application and geography
- To provide market size and forecast till 2025 for overall optical fiber market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key optical fiber players influencing the market along with their SWOT analysis and market strategies
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Some of the leading players in optical fiber market are Corning Inc., Lucent Technologies, Prysmian Group, Sterlite Technologies Limited, Yangtze Optical Fiber and Cable Co. Ltd, Fujikura Limited, Optical Cable Corporation, OFS Fitel, LLC, Fibreoptic Communications (AFC) and Finolex Cable Limited
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