The global industrial fiber optic market size is expected to rise at a CAGR of 13% in the forecast period. The global market size is anticipated to grow by USD 9.15 billion by 2027. High adoption of fiber optic cables for data transmission over the globe is likely to encourage a significant market demand in the due course of time.
The growing inclination towards fiber-communications for wired networks is trending and extensive research and development is conducted to understand its effect over a wide range of applications. Technological advancements have opened new avenues across the global markets to explore full potential of the fiber optics technology. For instance, data can be transmitted efficiently using fiber optic technology ranging from a few meters to several kilometers.
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The growing demand for high bandwidth communication supplements the market growth in the forecast period. The growing need for better communication channels for voice, data, and video transmission is expected to encourage market development in the following years. In addition, the rise in technological advancements in the telecommunication sector has been pivotal all these years. Moreover, the rise in deployment of broadband network models has necessitated the large-scale deployments of fiber optic networks.
Widespread implementation of 5G technology and increase in demand for fiber to home connectivity and the growing importance of the Internet of Things (IoT) are acting as major drivers for the market growth.
Factors such as high costs of installation and lack of technical competency to sustain growing demand is likely to restrain the market development in the coming years. The cost of investment is huge and therefore, a device failure can incur significant loss. Therefore, the need for high technical competency and use of durable hardware device largely exists.
The industrial fiber optic market is likely to witness lucrative opportunities such as the emergence of advanced communication technologies and an increase in the adoption of fiber to home connectivity. An increase in investments for optical fiber cable network infrastructure is expected to play a pivotal in the generation of opportunities in the forecast period. China
The global industrial fiber optic market is segmented on the basis of mode, transaction, and industry vertical.
Multi-Mode to Dominate the Market
The mode segment comprises single mode and multi-mode. Multi-mode is expected to dominate the market growth attributing to the rise in demand from commercial domain. It is also anticipated that the demand for bandwidth and internet speed is likely to grow thrice in coming years therein creating a huge demand for advanced hardware devices. The demand for single mode is also expected to grow by leap and bounds owing to its benefits and data transmitting capabilities.
Plastic Optical Fiber to Retain a Significant Market Growth
The transaction segment comprises glass optical and plastic optical fiber. Plastic optical fiber is expected to grab a huge market share in the coming years. Recyclable initiatives are some of the major growth highlights.
Telecom & IT to Hold a Dominant Position
The industry vertical segment comprises public sector, telecom & IT, energy & utilities, manufacturing, aerospace and defense. Telecommunications and IT is a dominant sector for industrial fiber optics since it offers promising growth based on high adoption of fiber optics services for data transfer services.
Based on regional segmentation, the industrial fiber optic market comprises North America, South America, Europe, Asia Pacific, Middle-East, and Africa.
Asia Pacific to Leap Higher in the Global Market Space
In terms of revenue, Asia Pacific has scored high in the past few years attributing to the advanced generation of fiber optics and telecom revolution across various countries. Adoption of advanced communication technologies and emergence of startups with greater demand for internet bandwidth is expected to have a significant impact on the development of regional market.
North America and Europe are giant markets for telecommunication services and have a witnessed a steadfast growth in the past few years. The revenue share is expected to rise significantly owing to Government initiatives and investment in security infrastructure. Consumer awareness is expected to play a significant role in creating sustainable market development that would empower fiber optics within telecommunications sectors in these markets.
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The key players profiled in the industrial fiber optic market report comprises Corning Inc, Sumitomo Electric Industries Ltd, The Prysmian Group, Sterlite Technologies Ltd, Nexans S.A., Reflex Photonics Inc., Tata Communications Ltd, and Furukawa Electric Co Ltd. Major players are adopting mergers, acquisitions, collaborations, and strategic partnerships to strengthen their market presence in geographical markets. In addition, the key players are focusing more on opening manufacturing facility to meet global demand for optical fiber cable across the globe.
Table of Contents
1 Industrial Fiber Optic Market Overview
1.1 Industrial Fiber Optic Product Overview
1.2 Industrial Fiber Optic Market Segment by Type
1.2.1 Single mode
1.2.2 Multi-mode
1.3 Global Industrial Fiber Optic Market Size by Type
1.3.1 Global Industrial Fiber Optic Sales and Growth by Type
1.3.2 Global Industrial Fiber Optic Sales and Market Share by Type (2017-2020)
1.3.3 Global Industrial Fiber Optic Revenue and Market Share by Type (2017-2020)
1.3.4 Global Industrial Fiber Optic Price by Type (2017-2020)
2 Global Industrial Fiber Optic Market Competition by Company
2.1 Global Industrial Fiber Optic Sales and Market Share by Company (2017-2020)
2.2 Global Industrial Fiber Optic Revenue and Share by Company (2017-2020)
2.3 Global Industrial Fiber Optic Price by Company (2017-2020)
2.4 Global Top Players Industrial Fiber Optic Manufacturing Base Distribution, Sales Area, Product Types
2.5 Industrial Fiber Optic Market Competitive Situation and Trends
2.5.1 Industrial Fiber Optic Market Concentration Rate
2.5.2 Global Industrial Fiber Optic Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Industrial Fiber Optic Company Profiles and Sales Data
3.1 AFL Global
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Industrial Fiber Optic Product Category, Application and Specification
3.1.3 AFL Global Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.1.4 Main Business Overview
3.2 Corning Inc.
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Industrial Fiber Optic Product Category, Application and Specification
3.2.3 Corning Inc. Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.2.4 Main Business Overview
3.3 Finisar
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Industrial Fiber Optic Product Category, Application and Specification
3.3.3 Finisar Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.3.4 Main Business Overview
3.4 Finolex
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Industrial Fiber Optic Product Category, Application and Specification
3.4.3 Finolex Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.4.4 Main Business Overview
3.5 Furukawa Electric
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Industrial Fiber Optic Product Category, Application and Specification
3.5.3 Furukawa Electric Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.5.4 Main Business Overview
3.6 General Cable Corporation
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Industrial Fiber Optic Product Category, Application and Specification
3.6.3 General Cable Corporation Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.6.4 Main Business Overview
3.7 Leoni AG
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Industrial Fiber Optic Product Category, Application and Specification
3.7.3 Leoni AG Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.7.4 Main Business Overview
3.8 Ls Cable & System
3.8.1 Company Basic Information, Manufacturing Base and Competitors
3.8.2 Industrial Fiber Optic Product Category, Application and Specification
3.8.3 Ls Cable & System Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.8.4 Main Business Overview
3.9 Prysmian Group
3.9.1 Company Basic Information, Manufacturing Base and Competitors
3.9.2 Industrial Fiber Optic Product Category, Application and Specification
3.9.3 Prysmian Group Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
3.9.4 Main Business Overview
3.10 Sumitomo Electronics Industries (SEI)
3.10.1 Company Basic Information, Manufacturing Base and Competitors
3.10.2 Industrial Fiber Optic Product Category, Application and Specification
3.10.3 Sumitomo Electronics Industries (SEI) Industrial Fiber Optic Sales, Revenue, Price and Gross Margin(2017-2020)
3.10.4 Main Business Overview
4 Industrial Fiber Optic Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Industrial Fiber Optic Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Industrial Fiber Optic Sales and Revenue by Regions
4.2.1 Global Industrial Fiber Optic Sales and Market Share by Regions (2017-2020)
4.2.2 Global Industrial Fiber Optic Revenue and Market Share by Regions (2017-2020)
4.2.3 Global Industrial Fiber Optic Sales, Revenue, Price and Gross Margin (2017-2020)
4.3 North America Industrial Fiber Optic Sales, Revenue, Price and Gross Margin
4.3.1 United States
4.3.2 Canada
4.3.3 Mexico
4.4 Europe Industrial Fiber Optic Sales, Revenue, Price and Gross Margin
4.4.1 Germany
4.4.2 UK
4.4.3 France
4.4.4 Italy
4.4.5 Russia
4.4.6 Turkey
4.5 Asia-Pacific Industrial Fiber Optic Sales, Revenue, Price and Gross Margin
4.5.1 China
4.5.2 Japan
4.5.3 Korea
4.5.4 Southeast Asia
4.5.4.1 Indonesia
4.5.4.2 Thailand
4.5.4.3 Malaysia
4.5.4.4 Philippines
4.5.4.5 Vietnam
4.5.5 India
4.5.6 Australia
4.6 South America Industrial Fiber Optic Sales, Revenue, Price and Gross Margin
4.6.1 Brazil
4.7 Middle East and Africa Industrial Fiber Optic Sales, Revenue, Price and Gross Margin
4.7.1 Egypt
4.7.2 GCC Countries
5 Industrial Fiber Optic Application/End Users
5.1 Industrial Fiber Optic Segment by Application
5.1.1 Communications
5.1.2 Non-communications
5.2 Global Industrial Fiber Optic Product Segment by Application
5.2.1 Global Industrial Fiber Optic Sales by Application
5.2.2 Global Industrial Fiber Optic Sales and Market Share by Application (2017-2020)
6 Global Industrial Fiber Optic Market Forecast
6.1 Global Industrial Fiber Optic Sales, Revenue Forecast (2021-2027)
6.1.1 Global Industrial Fiber Optic Sales and Growth Rate Forecast (2021-2027)
6.1.1 Global Industrial Fiber Optic Revenue and Growth Rate Forecast (2021-2027)
6.2 Global Industrial Fiber Optic Forecast by Regions
6.2.1 North America Industrial Fiber Optic Sales and Revenue Forecast (2021-2027)
6.2.2 Europe Industrial Fiber Optic Sales and Revenue Forecast (2021-2027)
6.2.3 Asia-Pacific Industrial Fiber Optic Sales and Revenue Forecast (2021-2027)
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Korea
6.2.3.4 Southeast Asia
6.2.3.5 India
6.2.3.6 Australia
6.2.4 South America Industrial Fiber Optic Sales and Revenue Forecast (2021-2027)
6.2.5 Middle East and Africa Industrial Fiber Optic Sales and Revenue Forecast (2021-2027)
6.2.5.1 Egypt
6.2.5.2 GCC Countries
6.3 Industrial Fiber Optic Forecast by Type
6.3.1 Global Industrial Fiber Optic Sales and Revenue Forecast by Type (2021-2027)
6.3.2 Single mode Gowth Forecast
6.3.3 Multi-mode Gowth Forecast
6.4 Industrial Fiber Optic Forecast by Application
6.4.1 Global Industrial Fiber Optic Sales Forecast by Application (2021-2027)
6.4.2 Global Industrial Fiber Optic Forecast in Communications
6.4.3 Global Industrial Fiber Optic Forecast in Non-communications
7 Industrial Fiber Optic Upstream Raw Materials
7.1 Industrial Fiber Optic Key Raw Materials
7.1.1 Key Raw Materials
7.1.2 Key Raw Materials Price
7.1.3 Raw Materials Key Suppliers
7.2 Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Industrial Fiber Optic Industrial Chain Analysis
8 Marketing Strategy Analysis, Distributors
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Distributors
8.3 Downstream Customers
9 Research Findings and Conclusion
Appendix
Methodology/Research Approach
Research Programs/Design
Market Size Estimation
Market Breakdown and Data Triangulation
Data Source
Secondary Sources
Primary Sources
Disclaimer
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