The technology that exploits & uses the light & its properties by the modulation of light signal along with data or voice and transfers it through a fiber with the help of TIR (Total Internal reflection) is known as optical fiber technology.
An optical fiber is primarily used to transmit data over long distances and highly preferable in long distance communication. In the commercial marketplace, an optical fiber is creating its demand space & acting as an integral part of this digitalization generation.
With properties like high-speed data transmission, high bandwidth, no data loss, greater resistance, and minimum maintenance, an optical fiber is gaining attraction across the globe. Novel advancement in the data transfer & telecom market is expected to fuel the adoption of optical fiber across the globe. Optical fibers work on the basic principle mechanism of electromagnetic waves. These electromagnetic waves carry specific information & data in the form of data packets & further transfer it from one place to another.
Optical fibers are available in two types in the commercial market i.e. single mode optical fiber and multi-mode optical fiber. Multimode optical fiber is generally designed and developed for short distance communication such as digital surveillance, broadcasting to name a few as it has better noise resistance properties whereas single mode optical fiber is designed a& implemented in a long-range transmission network.
Glass, high-quality plastics & high purity silica are adopted in very large scale for the fabrication of optical fibers.
Optical Fiber Market: Market Dynamics
With growing application universe & demand from end-use industry, the optical fiber market is showing robust growth and is expected to create new horizons in the forecast period. There are many factors hidden behind the promising growth and adoption of optical fibers.
Growing demand for high-speed transmission along with minimum losses has created the demand space for the implementation of the optical fibers. The increasing needs for better network services & networking and increasing penetration of broadband & fiber net connection in developing countries are acting as one of the prime factors for the adoption of optical fibers.
Increasing activities in R&D by the major optical fibers manufacturers for the development of novel technologies and materials in the optical fiber universe is expected to boost the market. Likewise, the rising awareness for the positive results of adopting the optical fiber is further driving market growth.
Few more factors that facilitate the demand for optical fiber across the globe are growing demand for the optical communication network and demand for cost-effective, power efficient and high level of integration of the IT sector.
However, some forces such as high investment, tedious installation of optical fiber network in offshore terrain and labor-intensive process pose challenges for the Optical Fibers adoption in the commercial market.
Optical Fiber Market: Region Wise Trends
China is turning over as a dominant region in terms of implementation of Optical Fibers. Other Asian Economies such as India, ASEAN & South Korea shows noteworthy growth in the consumption of optical fibers for numerous applications. The growth of optical fiber in Asia-Pacific can be inferred by its large-scale adoption in IT infrastructure.
Expanding industrial sector & IT infrastructure across the region creating the growth opportunities for Optical Fiber manufacturers. Likewise, the growing implementation of optical fibers in the healthcare sector is also thrusting growth across emerging economies such as LA & MEA & Eastern Europe.
Developed economies such as NA, Japan, Western Europe, and others are investing on large scale to strengthen their security level & telecom infrastructure with the help of optical fiber solutions.
Examples of some of the market participants in the Global Optical Fiber Market identified across the value chain include
- 3M Company
- Reflex Photonics
- Fiberon Technologies
- Alcatel Lucent
- Sterlite Technologies
- OFS Fitel
- Avago Technologies
- Shenzhen technology
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Optical Fiber Market: Segmentation
On the basis of Type, the Optical Fiber Market can be segmented as:
- Single Mode Optical Fiber
- Multimode Optical Fiber
On the basis of the refractive index profile, the Optical Fiber Market can be segmented as:
- Step Indexed Optical Fiber
- Graded Indexed Optical Fiber
On the basis of End-Use Industry, the Optical Fiber Market can be segmented as:
- Oil & Gas
- Military & defense