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Optical Fiber Market worth US$ 27.88 Billion in the year 2025

(Telecom-NewsWire.Net, December 07, 2017 ) Optical fiber are going to gain a significant growth in the next few years. Optical fiber is a technology which is mainly used for digital transmission of data and it provides an effective transmission. The transmission can be done by single and multi- mode fiber depending on the requirement of communication. Optical fiber cable uses electromagnetic waves which helps to transfer the information from one place to another place. They are being used in communication system due to their various advantages such as flexibility, they are made of high quality silica & plastic and they are transparent. Developing countries are making use of optical fiber over transportation infrastructure because of their fast and reliable network. Optical fiber includes some of the benefits such as low power loss, high bandwidth, secure transmission, faster speed and better reliability.

One of the major factor driving the market for optical fiber is rising demand for large bandwidth for communication because optical fiber have much greater bandwidth than other metal cables and Optical fiber has a bandwidth capacity of 400MHz/km or greater. Optical fiber support the communication industry to enhance their services due to increased bandwidth and greater resistance, this in turn increase the optical fiber market. In addition to this there are several other factors which drives the market such as increasing need for fast & improved networking and network service, security, increasing data transmission demand, flexibility and secure transmission. However, the factors which hinders the growth of optical fiber is that it is difficult to install because it is highly susceptible to cut or damage during installation or construction and this makes it difficult to install. Digitization of cable TV, 4G rollout and rising broadband penetration may add new opportunity in the market for optical fiber.

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Optical fiber market is segmented on the basis of types which includes step indexed optical fiber and graded indexed optical fiber. Similarly, the market is further segmented on the basis of application which includes broadcast, IT & Telecom, industrial, defense, medical and others.

The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, Japan, China, India, Australia, South Arabia, UAE, South Africa, and Brazil. Some of the key players which dominate optical fiber are Corning Inc., Prysmian SpA, Yangtze Optical Fiber and Cable Co Ltd., Fujikura Limited, Sterlite Technologies, Finolex Cable Limited, OFS Fitel, LLC, Alcatel Lucent, Broadcom Limited and Amphenol Corporation.

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- Highlights key business priorities in order to assist companies to realign their business strategies.

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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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The Insight Partners

Sameer Joshi

+91 9666111581

Source: EmailWire.Com


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