Dublin, June 30, 2021 (GLOBE NEWSWIRE) -- The "Fiber Optics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Fiber Optics Market to Reach US$8.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Fiber Optics estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$8.6 Billion by 2027, growing at a CAGR of 9.3% over the period 2020-2027.
Single Mode, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$6.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi Mode segment is readjusted to a revised 8.7% CAGR for the next 7-year period. This segment currently accounts for a 24.1% share of the global Fiber Optics market.
The U.S. Accounts for Over 13.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.1% CAGR for the Period of 2020-2027
The Fiber Optics market in the U.S. is estimated at US$642.8 Million in the year 2020. The country currently accounts for a 13.89% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.5 Billion in the year 2027 trailing a CAGR of 11.1% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the year 2027.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Impact of the Pandemic on Fiber Optics Industry
An Introduction to Fiber Optics
Fiber Optic Cable
Fiber Optics: Incredibly Thin Fibers Lighting High-Speed Data Transmission Revolution
World Fiber Optics Market by Cable Type (2021 & 2027): Percentage Breakdown of Sales for Single Mode, and Multi Mode
World Fiber Optics Market by Fiber Type (2021 & 2027): Percentage Breakdown of Sales for Glass Optical Fiber, and Plastic Optical Fiber
Limitations of Fiber Optics & Improvements Thereon
Emerging Applications of Fiber Optics
Global Market Prospects & Outlook
Need for Higher Bandwidth in Modern Age Creates Ideal Fabric for Fiber Optics Market
Focus on Scalable, High-Speed Communication Infrastructure Helps Fiber Optics Market Leap Forward
Perceptible Factors Catalyzing Expansion of Global Fiber Optics Market
Analysis by Application: Communication Remains Primary Application Segment
Optical Fibers Need Further Improvements to Satiate Emerging Telecom Demands
World Fiber Optics Market by Application (2021 & 2027): Percentage Breakdown of Sales for Communication, and Non-Communication
Competitive Landscape: Vendors Eye Product Development & Regional Expansion
Recent Market Activity
Select Global Brands
2. FOCUS ON SELECT PLAYERS
Finolex Cables Ltd.
Furukawa Electric Co., Ltd.
General Cable Corporation
LS Cable & System Ltd.
3. MARKET TRENDS & DRIVERS
Increased Uptake Across Diverse End-user Industries Favors Present & Future Expansion of Fiber Optics Market
Ongoing Expansion in Optical Communication Domain Underpins Revenue Growth
Healthy Trajectory in OTN & FTTx Verticals Augurs Well
Rising IP Traffic & Escalating Bandwidth Needs Bring Fiber Optics to the Fore
A Look Into Global Internet User Base & Usage Patterns
Proliferation of Bandwidth-Intensive Applications Steers Internet Consumption Volumes
Robust Spending on Fiber Optic Infrastructure Across Telecom Verticals to Sustain Market Momentum
Data Center Trends Elevate the Market Potential of Fiber Optics
Emphasis on DCI Approach Generates Novel Opportunities
Smart Cities Concept to Underpin Sales Growth in the Coming Years
Smart Homes to Progressively Drive the Demand for Fiber Optics
Fiber Optic Technology Advances in Medical Industry Improve Patient Care
Uptake of Loose-Tube & Tight-Buffered Cable Designs Remains Robust
Sustained Demand for Single-Mode, Multi-Mode & POF Cables Augurs Well
Glass Fiber Optics Remains the Dominant Category
Novel Opportunities for Plastic Fibers
Growing Demand for Active Optical Cables Bodes Well
Rapidly Evolving Use Case of Fiber Optic Sensors Gives Impetus to Market Expansion
Technology Improvements & Innovative Applications to Widen the Addressable Market
Advanced Components & Sophisticated Working Principle Augment Demand
Twisted Fiber Optic Light Enhances Internet Speed
Advancements in PIC Technology
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 95
For more information about this report visit https://www.researchandmarkets.com/r/78oh8i
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