Fiber Optic Market 2018 Global key Leaders: Optical Cable Corporation, Avantes, L-com.com, Extron Electronics, TE Connectivity

Market Highlights:

The global fiber optics market is growing with the rapid pace is mainly due to high bandwidth communication for long distance via optical fiber which is propelling the fiber optics market growth to the large extent. According to a recent study report published by the Market Research Future, The global market of fiber optics is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).

The growing opportunities in the healthcare sector such as endoscopic imaging applications, and biomedical sensing applications are boosting the market growth of fiber optics. The development of network infrastructure has propelled the fiber optics market growth to a large extent. The global market is majorly driven by the high bandwidth communication for long distance via optical fiber which is gaining demand in the fiber optic market. The fiber optics offers high bandwidth allowing more data to be delivered at the earliest.

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Major Key Players

Optical Cable Corporation (U.S.),
Molex Incorporated (U.S.),
Anixter International (U.S),
Luna (U.S.),
Avantes (U.S),
Fujikura Limited (Japan),
Finolex Cable Limited (India),
Ofs Fitel, Llc (U.S.),
Prysmian Spa (Italy),
Infinera Corporation (U.S.),
Corning INC. (U.S.),
Birla Furukawa Fibre Optics (India),
Sterlite Technologies (India), AFC Group (Australia), Pepperl+Fuchs (Germany), Geokon, Incorporated (U.S.), L-com.com (U.S.), TE Connectivity (Switzerland), Extron Electronics (U.S.) and among others

The global fiber optic market is expected to grow at USD ~6 billion by 2023, at a CAGR of ~10% during the forecast period 2017-2023.

Regional Analysis
The regional analysis of fiber optic market is being studied for region such as Asia pacific (China, Japan, India), North America (U.S, Mexico, Canada), Europe (U.K, Germany) and Rest of the World. North America is one of the leading regions across the world in terms of market share. The fiber optic market in this region has a huge demand due to optic fibers use glass which is widely used for transmitting light over long distances, which is propelling the growth of fiber optics market. The fiber optic market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India is an emerging market for fiber optic market is expected to be the highest CAGR in the coming years.

Segmentation

The fiber optic Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Components: Comprises Connectors, Couplers, Transmitters & Receivers, Amplifiers And Others.
Segmentation By Optical Fiber Type: Comprises Single Mode, Multiple Mode And Plastic Mode Among Others.
Segmentation By Applications: Comprises Fiber Optic Lighting, CATV, Security, Sensors, Among Others.
Segmentation By End Users : Comprises Telecom & Broadband, Military, Aerospace, Utilities Among Others.
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Intended Audience
• Fiber optic companies
• Fiber optic providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

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This release was published on openPR.