The global fiber optic market will be driven by technological advancements during the forecast period 2021-2026

Expert Market Research’s new report titled “Global Fiber optic market size Report and Forecast 2021-2026′, gives an in-depth analysis of the global fiber optic market, assessing the market based on its segments such as fiber types, cable types, applications and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2016-2026)

  • Historical market size (2020): 7.4 billion USD
  • Forecast CAGR (2021-2026): 15%
  • Forecasted market size (2026): 17.7 billion USD

The fiber optic market is aided by the growing demand for secure, reliable, economical, fast and efficient data transmission. Growing applications of fiber optics such as telecommunications, broadband, and data networking further lubricate the growth of the market. In addition, increasing smartphone ownership, internet penetration and heavy usage of network connectivity for gaming and streaming are increasing the demand for infinite bandwidth fiber optic due to the traffic of data, thereby increasing the growth of the fiber optic industry. Growing efforts by governments to promote digitalization and the introduction of favorable policies and incentives to provide affordable internet connection to their citizens are giving further impetus to the growth of the market.

Industry definition and major segments

Optical fiber is a fiber that carries information in the form of light pulses from one end to the other. It is usually made of plastic or glass and is used for long distance and high performance networks. It has higher bandwidth and transmits information faster than copper cables and is typically used in telecommunication services like television, telephone, and internet.

Explore the full report with table of contents: https://bit.ly/3ar98eZ

Based on fiber type, the market is split into:

The main types of fiber optic cables are:

By Applications, the market is split into:

  • Telecom
  • oil and gas
  • Military and aerospace
  • Medical
  • BFSI
  • Others

The regional fiber optic markets are:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Market trends

The fiber optic industry is driven by technological advancements and innovations to provide faster internet. The advent of 5G technology, which promises to deliver wireless and fast internet, relies heavily on fiber optic cables for ultra-low latency. This is expected to propel the growth of the market. Furthermore, the development of technologies such as all-optical networking and orbital angular momentum (OBM) to provide efficient transmission is further expected to boost the growth of the fiber optic industry. The growing use of Internet of Things (IoT) in various industrial applications is also catalyzing the growth of the market. Furthermore, the growing prevalence of smart cities that require efficient connectivity is expected to further enhance the market growth.

Main market players

Major market players include Corning Incorporated, Prysmian Group, Sumitomo Electric Industries, Ltd., General Cable Technologies Corporation, and Fujikura Ltd., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research company with clients worldwide. Through comprehensive data collection and skillful data analysis and interpretation, the company provides its clients with comprehensive, up-to-date and actionable market insights that enable them to make informed and intelligent decisions and strengthen their position in the market. market. The clientele ranges from Fortune 1000 companies to small and medium enterprises.

EMR customizes syndicated reports based on client requirements and expectations. The company is active in more than 15 leading industry areas, including food and beverage, chemicals and materials, technology and media, consumer goods, packaging, agriculture and chemical products. pharmaceuticals, among others.

Over 3,000 EMR consultants and over 100 analysts work very hard to ensure that clients get only the most up-to-date, relevant, accurate and actionable information in the industry so they can formulate informed business strategies , efficient and intelligent and secure their market leadership.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.

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