The global Fiber Optics Market size is expected to reach USD
9.1 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.6% over the forecast period. Rising government funding
to develop secure infrastructures is anticipated to drive the adoption.
Rising terrorism is appealing government authorities
and defense services of different countries to take initiatives and stringent
steps to curb down such occurrences. This has led to the evolution and adoption
of technologies such as body cams, wearables, and other responders that keep
the security personnel connected, irrespective of user location and user fiber
optics for communications. The concept of Internet of Everything (IoE) is
attracting security sector owing to increasing awareness regarding effectiveness
and efficiency of the technology that aids in curbing national issues, such as
riots, massacres, killings, and other criminal offenses. Need for high-speed
internet, which is capable of efficiently transmitting the data, is anticipated
to grow with increasing demand for IoE.
Growth prospects for fiber optics technology in
telecommunications sector appears to be promising due to its growing adoption
in communication and data transmission services. Fiber optics enable high-speed
data transfer services in both small and long-range communications. It also
serves as a medium to cope with increasing bandwidth requirements associated
with broadband services, network operators, and broadband connection providers.
Rising implementation of fiber optic components in distribution cables, trunk
cable forms, high density interconnect cables, and standard patch cords is
expected to enhance the demand from telecom sector.
Furthermore, high initial acquisition and
installation costs are hindering growth of the fiber optics market. An optical
fiber system consists of a variety of components such as optical cables,
transmitters, and receivers. Installation of the entire system is a
labor-intensive process, especially installation of the network for underground
and undersea connections is one of costliest and tedious procedures. Fiber
optics, with their advancements, have overtaken the copper-cable transmission.
However, installation process to deploy the optical networks, being an
extremely high-cost part, is expected to hamper the market growth.
Browse
Details of Report @ https://www.grandviewresearch.com/industry-analysis/fiber-optics-market
Further key findings from the study suggest:
- Governments of developed countries such as U.S., U.K, Germany,
China, and Japan are heavily investing in security infrastructures at
domestic levels. This is eventually necessitating funding for
technologies, majorly across the fiber optics that would enhance the
telecommunication sector infrastructure with better security measures.
Therefore, the government funding in infrastructure is driving the market
- Plastic optical fiber segment is projected to expand at a CAGR of
7.0% over the forecast period. POF differs from its single and multimode
counterparts on the basis of the core materials used in POF cable
construction. While single and multimode fiber optics have a glass core,
POF cables have a polymer core. This offers a dynamic application
portfolio, along with cost saving
- Market participants are diversifying their product portfolio through
their innovative offerings. In March 2018, Corning, Inc. launched a new
product Corning TXF Optical Fiber that would enable high data-rate
transmission over longer spans and extended reach for improved network
flexibility and lower network cost
- Corning Incorporated, Optical Cable Corporation (OCC), Sterlite
Technologies Limited, OFS Fitel, LLC, Prysmian Group, AFL, Birla Furukawa
Fiber Optics Limited, Finolex Cables Limited, and Yangtze Optical Fiber
and Cable Co., Ltd. (YOFC) among others are the key players in the fiber
optics market.
About
Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment