Fiber Optics Market worth 5.00 Billion USD by 2021

1. Fiber Optics Market worth 5.00 Billion USD by 2021 The report "Fiber Optics Market by Cable Type (Single mode, and Multi-mode), Optical Fiber Type (Glass and Plastics), Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan) - Global Forecast to 2021", The global fiber optics market was estimated to be valued at USD 3.13 Billion in 2016 and is projected to reach USD 5.00 Billion by 2021, at a CAGR of 9.8%. Browse 69 market data tables and 36 figures spread through 137 pages and in-depth TOC on "Fiber Optics Market”. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=238443438 Rising end-use applications such as telecom, CATV, premises, and sensors are driving the market for fiber optics. Along with these, increasing demand from Internet applications such the Internet of Things, over-the- top content, and video streaming are also driving the market. “Cable Antenna Television (CATV) segment to be the fastest growing market for fiber optics” The CATV segment is projected to be the fastest growing application from 2016 to 2021, owing to its rapid growth in the Asia-Pacific. Factors such as rising disposable incomes; changing consumer preferences towards the use of high definition content; flexible government taxation policies; rapid technological advancements in products & product offerings, by major international and domestic players, at competitive prices; are a few of the major factors driving the market for the CATV application. “Single mode cable type projected to account for the largest market share” Single mode optical fiber is estimated to have accounted for the largest market share in 2016 and is projected to continue to lead throughout the forecast period. Efforts to increase the penetration of telecom services in the emerging nations of the Asia-Pacific are attributed to the increasing demand for single mode cable in the region. “Glass optical fiber type to be the fastest growing optical fiber type in fiber optics market” Glass optical fiber type is projected to exhibit the fastest growth from 2016 to 2021. Factors such as rapidly expanding telecom applications in emerging economies, efforts being taken by governments of various economies to increase network connectivity, and changing consumer preferences are expected to drive the fiber optics market. “Asia-Pacific to be the largest market for fiber optics” The Asia-Pacific is projected to be the largest market for fiber optics from 2016 to 2021. Factors contributing to the market growth in this region are the rise in demand for the Internet from emerging countries, growing industrialization, and the growing telecom industry. These factors, along with the upcoming infrastructure projects in energy, transport networks, institutional sites, and residential projects are expected to drive the fiber optics market across various applications in the region. Large-scale investments along with the increasing standards of living provide opportunities for infrastructure development, and are thus expected to lead to the high growth of the fiber optics market. The global fiber optics market has a large number of players; however the market is led by some of the major players, such as Corning Inc. (U.S.), Prysmian Group (Italy), AFL Global (U.S.), Finisar Corporation (U.S.), Leoni AG (Germany), YOFC (Shanghai) Co. Ltd. (China), Sumitomo Electric Industries Ltd. (Japan), Furukawa Electric Co., Ltd. (Japan), Optical Cable Corporation (U.S.), and Hitachi Cable Ltd. (Japan), among others. Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=238443438

2. Target Audience: • • • • Fiber optics manufacturers Fiber optics dealers Fiber optics suppliers End users, raw material suppliers, and others Market Segmentation, by Cable Type: • • Single mode Multi-mode Market Segmentation, by Optical Fiber Type: • • Glass optical fiber Plastics optical fiber Market Segmentation, by Application: • Communications o o o o o o o o Non-communications o Sensors o Fiber Optic Lighting Telecom Premises Utility CATV Military Industrial Security Metropolitan • About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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