“Fiber Optics market to present promising growth opportunity over the forecast period” says Visiongain report

23 July 2019
Electronics

Visiongain has launched a new Semiconductor report Fiber Optics Market Report 2019-2029: Forecasts by Product Type (Single Mode, Multimode, Plastic Optical Fiber), by Application (Telecom, Military & Aerospace, Medical, Oil & Gas) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.

The global fiber optics market is expected to present promising growth opportunity over forecast period. The key drivers of the market include growing awareness about this technology, rising demand for high bandwidth communication, and increasing investment in R&D so as to develop this technology application area.

Optical fibers are transparent and flexible cables, which work on the principle of total internal light reflection, made out of high quality silica, glass, and plastic. Fiber optics is one of the modern innovations that have gained prominence over time, for its various applications due to intensive research and development. Transmission of data, images, and voice has been made lot easier with the application of fiber optics, ranging from a few meters to several kilometers. It has found application in a wide range of areas including defense, medical, oil and gas, and utilities sectors. Some of the major applications in the healthcare industry include surgical endoscopy and microscopy, surgical instrumentation, light therapy, X-ray imaging, ophthalmic lasers, clinical and laboratory diagnostics. The growing preference for minimally invasive surgeries has further increased the demand for fiber optics.

Among the product types, the multimode and single mode segments are expected to dominate the fiber optics market over the forecast period, primarily due to high revenue generation. The telecommunication segment offers tremendous growth prospects of all applications. This can be attributed to the growing adoption of data transmission and communication services. Some of the key market players include Sterlite Technologies Limited, Optical Cable Corporation (OCC), Corning Incorporated, OFS Fitel LLC, Finolex Cables Limited, Birla Furukawa Fiber Optics Limited, AFL, Yangtze Optical Fiber and Cable Co., Ltd. (YOFC), and Prysmian Group. Expansion of manufacturing facilities worldwide, introduction of novel products, and collaborations for product development is some of the strategies taken by these manufacturers to gain a competitive advantage.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, Semiconductor, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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