乐动平台 Fiber Optics Market Size to Reach USD 7 Billion by 2026 | CAGR: 7%

Fiber Optics Market Size to Reach USD 7 Billion by 2026 | CAGR: 7%

根据Polaris市场发布的一项新研究,全球Fiber Optics Market预计将达到70亿美元到2026年。光纤市场被因素推动,包括增加互联网的渗透,宽带基础设施的政府资金上升,以及公司开发创新和新技术的激烈研究投资在光纤光学中能够节省成本节省。

The plastic optic fiber market is expected to notice a high growth during the projected period. The core material (polymer) used for construction of plastic optic fiber is different from the material (glass) used in single mode and multimode. This provides a dynamic application and helps in saving cost. Further, the telecommunication application segment is dominating the market for fiber optics attributed to the escalating demand for internet in developing economies. This segment is expected to witness constant growth owing to growing telecommunication industry particularly in Asia Pacific and Middle East & Africa region.

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The Asia Pacific Fiber Optics Market is anticipated to witness the highest growth followed by Middle East & Africa. Increased industrialization, increasing adoption of smart devices resulting in high demand for internet, and blooming telecommunication industry are the major factor for propelling market growth in Middle East & Africa. Further, rising fiber optics applications in medical sector is driving market growth in countries including, China, India, and Japan. Also, governments of developed nations such as US, Japan, Germany, UK, and China are significantly investing to improve their country’s security infrastructure. Thus, with the adoption of fiber optics by the government, due to the benefits delivered by it, has further resulted in increased the Fiber Optics Market growth.

康宁公司光纤的主要公司之一s market stated that the market demand is surpassing supply. The company announced its plans to spend USD 176 million in the next two years for building a new manufacturing facility for optical fiber as well as to expand its existing facility. Also, Finisa, a transceiver vendor, is also planning to construct a new manufacturing plant in China and expand its existing facility in Texas. Such development reflects the increasing market growth. The major players operating in the Fiber Optics market include Corning Incorporated, Prysmian S.p.A., Optical Cable Corporation, OFS Fitel, LLC, AFL, Furukawa Electric, Sterlite Technologies Limited, Finolex Cables Ltd., YOFC and General Cable Corporation among others.

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