Fiber optics market

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Fiber Optics Market Analysis Report Information
by Cable Type, Optical Fiber Type, End-User
Industry, Region, Competitive Strategies and
Segment Forecast 2016-2026
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Market Summary
The global fiber optics market was valued at over
USD 3.27 billion in 2019 and is expected to cross
a valuation of USD 9.18 billion by the end of
2027. The growth of the industry is owed to the
increasing number of fiber optics applications
along with the continuous technological
advancements made over the years. Fiber optics
cables are widely used for digital transmission
of data and communication purposes. Fiber optic
cables have certain advantages over metal wires,
which include broader bandwidth completely
independent of cable size, electrical insulation,
resistance to electromagnetic interference, low
noise and cross-talk, and low loss of attenuation
over long distances. Fiber optic cables are also
used in fiber optic sensors, medical devices, and
defense sectors. The growing market for internet
and high bandwidth communication, as well as
cloud computing, data storage, and IoT, are
factors driving the fiber optics market.
Technology advancements and increasing IoT
integration are expected to create opportunities
in the market. Key Players Key participants
include AFL Global (U.S.), Corning Inc. (U.S.),
Furukawa Electric (Japan), LS Cable System
(South Korea), General Cable Corporation (U.S.),
Finisar (U.S.), Leoni AG (Germany), Prysmian
Group (Italy), and Finolex (India), among others.
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Drivers and Restraints Fiber optics is widely
applied in the healthcare industry for ophthalmic
lasers, X-ray imaging, and light therapy, among
others. The increasing number of technological
advancements and medical treatments method is
proving to add to the growth of the
market. Rising terrorism and security
apprehensions have prompted the governments to
take initiatives, which have led to the adoption
of technologies which use fiber optics such as
wearables, body cams, and others, that can
connect security personnel for communication. The
rising applications of fiber optics in defense
and security are also expected to drive the
market over the forecast period. IT and Telecom
sectors deploy a wide range of fiber optics
applications. Advancements in the telecom sector
have raised the deployment of broadband network
architectures such as Fiber to Home (FTTH), Fiber
to Cabinet (FTTC), Fiber to Building (FTTB), and
Fiber to Premise (FTTP), all of which need a
large-scale fiber optic networks. The demand for
fiber-rich infrastructure is fueling the demand
for fiber optic cables. The high cost of
acquisition, installation and complex
installation process are the major restraining
factors of the market. Free Report Sample _at_
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Industry News In November 2020, Partner
Communications Company Ltd., a leading Israeli
communications operator, announced its intention
of selling up to 20 stakes in its existing and
future fiber optic network that offers its
services to private households. This decision has
been made on the basis of various queries the
company received about its fiber optic network
sector. In 2020, EPFL engineers announced that
they have developed an advanced encoding and
decoding system that enable fiber optic sensors
to transfer data 100 times faster and over a
wider area. In November 2020, researchers from
Cornell University announced that they have
designed a new pair of fiber optic gloves that
will allow people using VR to actually pick
things and feel them. VR is becoming more
popular, and new technologies are being developed
every day that adds to the VR experience. The
gloves are designed to track the hands with
extreme precision, which makes it possible to add
physical feedback to VR experiences. Fiber
Optics Market Segmentation On the basis of Cable
Type, the fiber optics market is segmented
Single-Mode and Multi-Mode On the basis of Fiber
Optic Cable Type, the fiber optics market is
segmented Glass and Plastics
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On the basis of Application, the fiber optics
market is segmented as Communication and
Non-Communication Fiber Optics Market Regional
Outlook Asia Pacific fiber optics market is
witnessing considerable revenue growth owing to
technological advancements and widespread
adoption of the technology in IT,
telecommunication, and administrative sector.
High penetration of the technology in the
manufacturing industry and expanding the IT and
telecom sectors across the Asia Pacific are
strengthening the regional market hold.
Increasing product application in the healthcare
sector is propelling market growth across
countries, such as China, Japan, and
India. Governments of developed countries are
heavily investing in security infrastructure at
country levels. Awareness about fiber optics
applications is growing among rapidly developing
economies that hope to strengthen their hold at
the global level. This is, in turn, made it
necessary to invest in fiber optics technologies
that would enhance the telecommunication sector
infrastructure. Complete Report Available _at_
https//www.reportsanddata.com/report-detail/fiber
-optics-market
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