Optical Fiber Market Size, Share, Regional Demand and Geographical Forecast till 2030

The Optical Fiber Market is expected to grow from US$ 9.32 billion in 2022 and is expected to reach US$ 18.76 billion by 2030; it is estimated to record a CAGR of 9.1% from 2022 to 2030.

The optical fiber market in Europe is witnessing rapid growth due to several factors such as the commercialization of high-speed networks, the increasing number of small and medium-sized businesses, and the rising demand for bandwidth and reliability across various industries. The market expansion is further driven by a rise in internet penetration, a surge in data traffic, and a rise in the implementation of the Internet of Things (IoT). Additionally, the rising popularity of online streaming services, video conferencing, and other bandwidth-intensive applications fuels the demand for high-speed internet in Europe. This increased demand is overburdening the capacity of existing copper-based networks, as they are unable to keep up with the bandwidth requirements.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00003699?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. Corning Inc
2. Prysmian SpA
3. Jiangsu Zhongtian Technology Co Ltd
4. Yangtze Optical Fibre and Cable Joint Stock Ltd
5. Fiberhome Telecommunication Technologies Co Ltd
6. Furukawa Electric Co Ltd
7. CommScope Holding Co Inc
8. Nexans SA
9. Sumitomo Electric Industries Ltd
10. Coherent Corp

In this report, the market has been segmented on the basis of:

Type

- Step Indexed Optical Fiber
- Graded Indexed Optical Fiber

Mode
- Single Mode
- Multi-Mode

Composition

- Glass
- Plastic

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/optical-fiber-market

In contrast, optical fiber offers significantly higher bandwidth capacity, making it the preferred solution to meet the surging demand for high-speed internet in Europe. Governments of many countries across Europe are providing financial support to facilitate the deployment of fiber optic networks, thereby accelerating their adoption in the region.

Notably, the Europe optical fiber market is specifically designed for outdoor use, considering the challenging environmental conditions often encountered in the region. These outdoor fiber optics are constructed with materials that are resistant to water, corrosion, and other environmental factors. In Europe, optical fiber manufacturing companies also adhere to high manufacturing standards due to the imposition of stringent regulations. These regulations necessitate compliance with requirements related to performance, safety, and environmental impact.

For instance, The European Electronic Communications Code (EECC) is a directive in EU law that updated the regulatory framework for communications services. The European Parliament adopted the EECC on June 6, 2018, and ordered EU member states to transpose the EECC provisions into their national laws by December 21, 2020. The EECC aims to harmonize the rules for electronic communications networks and services, promote competition and innovation, ensure consumer protection and access, and foster the development of the digital single market.

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00003699?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.