DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Fiber Optics Market by Cable - Global Forecast to 2021" report to their offering.
The fiber optics market size is projected to reach USD 5.00 billion by 2021 at a CAGR of 9.8%
The fiber optics market is driven by the increasing demand for the Internet and growing FTTx networks. The Internet has gained importance with the rising demand for cloud computing, data transfer & storage, and the Internet of Things (IoT). Advances in technology to meet the growing demands from the Internet are expected to provide high growth opportunities to the fiber optics market. However, growth in the wireless communication systems market is expected to be a restraint, which could hinder the growth of the fiber optics market as these are considered alternatives to the use of fiber optics.
The telecom segment is estimated to have been the largest application in the fiber optics market, in 2016. The mass utilization of digital technologies and applications by consumers, enterprises, and governments continues to drive the global telecom market. Positive trends in broadband and big data management are driving the growth of the telecom market. Factors such as increasing Internet user base, low-cost services offered by service providers, inexpensive communication devices, growing numbers of subscribers for various wireless as well as fixed-point communications are responsible for the growth of the fiber optics market.
Middle East & Africa is are projected to exhibit the fastest growth rate in the fiber optics market from 2016 to 2021. The growth of the fiber optics market in this region is mainly attributed to its increasing applications such as telecom, industrial, CATV, and sensors. The UAE, Saudi Arabia, and Iran are the most preferred destinations for major infrastructure projects in the region. All these activities are expected to create opportunities in fiber optics-based communication networks. The large-scale investments in the region, the high standards of living, and increasing residential, healthcare hospitals, commercial, manufacturing, and transport infrastructure are expected to lead to an increase in the demand for fiber optics.
- Increasing Demand for the Internet
- Growing FTTX
- Wireless Communication Systems
- Growing Telecommunication Industry in the Middle East & Africa
- Advances in Technology
- AFL Global
- Corning Inc.
- Furukawa Electric
- General Cable Corporation
- Leoni AG
- Ls Cable & System
- Prysmian Group
- Sumitomo Electronics Industries (SEI)
For more information about this report visit http://www.researchandmarkets.com/research/4f46wj/fiber_optics