Fiber medicine

Fiber optic market worth US$36.99 million by 2027

fiber optic market

The Fiber Optic market study by “The Insight Partners” provides details on market dynamics affecting the market, market scope, market segmentation and overlays on major market players, highlighting the landscape favorable competition and the trends that have prevailed over the years.

Fiber Optic Market was valued at US$11.30 Billion in 2020 and is projected to reach US$36.99 Billion by 2027; it is expected to grow at a CAGR of 12.8% over the period 2021-2027.

The global fiber optic composition market is fragmented into glass and plastic. The segmentation is based on the material used to make these optical fibers. Very fine strands of plastic or fiberglass are used to transmit light signals, which travel towards the center of the fiber optic. This center of the optical fiber is surrounded by the sheath. The coating is an optical material that traps in the center, using the “total internal reflection” technique. A primary buffer coating protects the fiber from moisture or other damage.

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The fiber optics market report includes information on strategic collaborations. The study also mentions the major players in the fiber optic market. Here are some prominent players involved in the fiber optics market – Major Players: Corning Inc., Prysmian SpA, Fujikura Limited, Yangtze Optical Fiber and Cable Co. Ltd. & Sterlite Technologies Limited,

As the amount and speed of data transfer over copper wire cables seemed very limited and unable to meet the ever-increasing demands of data transmission, there was a need to replace these cables with better suited alternatives that remain cost effective as well as efficient performance. Upgrading legacy network infrastructure to advanced network infrastructure for smooth access to such high bandwidth content is therefore expected to drive the demand for fiber optic cables across the globe.

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There has been constant development in the fiber optic industry. Recently, Alcatel-Lucent Submarine Networks and Nokia Bell Labs achieved a transmission record of 65 terabits per second for transoceanic cable systems. In addition, OFS has also developed a technology platform to produce high quality twisted multi-core optical fiber with Continuous Fiber Bragg Gratings (FBGs) to meet critical 3D shape sensing specifications such as: twist rate , coating concentricity, grating reflectivity, and grating spacing.

The report presents the major industry players, along with a detailed analysis of their individual positions against the global landscape. The study performs a SWOT analysis to assess the strengths and weaknesses of the major players in the Fiber Optic market. The researcher provides in-depth analysis of Fiber Optics market size, share, trends, overall earnings, gross revenue and profit margin to accurately draw forecast and provide expert insights to investors to keep them up to date with market trends.

The report segments the global fiber optic market as follows:

Global Fiber Optic Market – By Type
Step-indexed optical fiber
Graded indexed optical fiber

Global Fiber Optic Market – By Mode
single mode
Multimode

Global Fiber Optic Market – By Composition
Glass
Plastic

Global Fiber Optic Market – By End User
IT & Telecom
Defense
Industrial
Medical
Others (R&D, Automobiles, Infrastructure Health Monitoring, Oil & Gas)

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Contact person: Sameer Joshi
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Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals and the materials.

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