Global Fibre Optics Market 2016-2020
About Fiber Optics
Fiber optics is a technology that uses thin strands of glass or plastic, known as optical fibers, to carry information between two places using light. An optical fiber is a thin cylinder of dielectric material capable of transmitting messages using lightwaves as the mode of transmission and the principle involved is total internal reflection.
Technavio’s analysts forecast the global fiber optics market to grow at a CAGR of 9.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fiber optics market for the period 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of optical fiber and optical fiber cables to different industries such as military/aerospace, mining, oil and gas, telecommunications, transportation, utilities, and others like infrastructure, IT, and healthcare.
Technavio's report, Global Fiber Optics Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Fiber Optics Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Fiber Optics Market: AFC, Corning, Furukawa Electric, Fujikura, Optical Cable, Prysmian, Sterlite and Yangtze Optical Fibre & Cable.
Commenting on the report, an analyst from Technavio’s team said: “IoT is an ecosystem encompassing electronics, software, sensors, and network connectivity. IoT involves M2M communication, enabling devices to exchange information without the need for any human-to-human or human-to-computer interactions. IoT is driving demand for connected devices, which, in turn, significantly increase bandwidth requirements.”
According to the report, the growing demand for increased network bandwidth is the primary growth driver for this market. With the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fiber optics is envisaged to increase rapidly during the forecast period.
Further, the report states that one of the major challenges faced by vendors in the market is the high initial investment required to deploy optical networks.
AFC, Corning, Furukawa Electric, Fujikura, Optical Cable, Prysmian, Sterlite, Yangtze Optical Fibre & Cable.