Global Fiber Optics Market 2017-2021
About Fiber Optics
A fiber optic is a thin cylinder of dielectric material, which is capable of transmitting messages modulated onto light waves. Fiber optic is a transparent, flexible fiber made up of thin strands of glass or plastic, which is slightly thicker in diameter than that of a human hair. One cable can have one strand or many strands. Each strand can carry almost 25,000 telephone calls, so an entire fiber optic cable can carry millions of calls.
Technavio’s analysts forecast the global fiber optics market to grow at a CAGR of 11.45% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber optics market for 2017-2021. To calculate the market size, the report considers the sales of fiber optic and fiber optic cables to various application segments including cable TV, data center, military, oil and gas, and telecommunication.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fiber Optics Market 2017-2021
Technavio recognizes the following companies as the key players in the global fiber optics market: Corning, Furukawa Electric, Optical Cable, Prysmian, Sterlite Technologies, and YOFC.
Other Prominent Vendors in the market are: Fujikura, FUTONG Group, and General Cable.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emerging cloud computing. Cloud is a virtual and remote data center that stores, manages, and retrieves data or resources without requiring any infrastructure costs. Cloud is categorized into three divisions: public, private, and hybrid.”
According to the report, one driver in the market is growing demand for increased network bandwidth. Growth in internet bandwidth is affected due to factors like the rise in disruptive technologies, which help in shifting of bandwidth usage according to the usage of network and mobile computing devices such as tablets, wearable, and smartphones having new capabilities. The major drivers of the smartphone industry are the deployment of next-generation wireless networks like 3G,4G, and 5G, as these technologies offer wireless connection equivalent to home broadband connections, and increased popularity of smartphones, which is increasing the network traffic.
Further, the report states that one challenge in the market is lack of skilled technicians. As the market is growing at a rapid pace, with increase in number of installations, investments, and R&D, it is necessary to have a skilled technician that are expertise in this market. These technicians have to be thoroughly well versed with the technologies as the technology keeps on changing. Earlier, there was more use of copper wire rather than optical fiber. So, these technicians should be educated before going on these projects. Lack of knowledge and number of technician is increasing the work time, leading to increase in the time-to-market.
Corning, Furukawa Electric, Optical Cable, Prysmian, Sterlite Technologies, and YOFC. Other Prominent Vendors in the market are: Fujikura, FUTONG Group, and General Cable.
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