Global Fiber optics Market is valued at USD 5.70 billion in 2016 is anticipated to grow USD 9.15 billion with the compounded annual growth of 5.5% over the forecast period 2017-2025.
New York 1 July 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Fiber optics industry is poised to raise USD 9.15 billion by 2025. Some key components for the market development will be; pursuit of high bandwidth communication and growing opportunities in the healthcare sector along with increasing government funding in the development of network infrastructure.
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The industry seems to be fairly competitive. Some of the leading market players include corning incorporated, optical cable corporation, Sterlite technologies limited, OFS fitel LLC. and so on. Other market players discussed in the report include Prysmian S.P.A., AFL, Finolex Cables Ltd. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Growing awareness of the benefits of adopting the technology is further propelling market growth.
- Deployments of optical fiber networks are drastically expected to drive the market for fiber optics.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Single mode
- Plastic optical fiber (POF)
- Oil & Gas
- North America
- Asia Pacific
- Latin America
- Rest of the World