Accelerating internet penetration and the emerging need for FTTx is one of the major factors fueling the fiber optics market growth. Intensified investment and research performed by leading producers to upgrade the technological arena and growing adoption of fiber optics in the medical industry for laser delivery systems and flexible bundling application are projected to drive the market growth. In addition, the expansion across utilities, telecom, premises, and industrial sectors and the rising demand for minimally infectious surgeries will further strengthen the Fiber Optics Market Share.
By Fiber Type, the glass segment is predicted to increase at a higher CAGR over the forecast period, owing to the easy availability and high-performing glass fiber optics.
Request for a FREE Sample Report on Fiber Optics Market
By Application, the communication segment is forecast to grow at a faster CAGR over the forecast period, owing the proliferation of utility, telecom, and industrial sector. Moreover, as per the Fiber Optics Market trends, a wide population base and accelerating number of internet users are anticipated to propel the segment’s size.
By region, Asia-Pacific is estimated to dominate the market during the coming years, primarily because of the infrastructural expansion and rapid industrialization. In addition, the presence of highly populated countries like China and India is predicted to augment the Fiber Optics Market Size.
Fiber Optics Market Segmentation:
Fiber Optics Market by Fiber Type
• Glass
• Plastic
Fiber Optics Market by Cable Type
• Single Mode
• Multi-Mode
Fiber Optics Market by Application
• Communication
o Telecom
o Premises
o Utility
o Cable Antenna
o Television (CATV)
o Industrial
o Military
o Others
• Non-Communication
o Sensors
o Fiber Optics Lighting
Fiber Optics Market by Region:
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• North America
o United States of America
o Canada
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: Send Email
Phone: +1 860 881 2270
Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
City: Dublin
Country: Ireland
Website: https://www.gmiresearch.com