DUBLIN--(BUSINESS WIRE)--The "Fiber Optics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global fiber optics market is expected to grow at a CAGR of 8% during 2019-2024.
Fiber optics is the technology used for transmitting images, voice and data through thin and transparent fiber strands. These fiber strands are known as optic fibers that are made of glass or plastic. At present, the technology finds extensive applications in the healthcare and telecommunication industries. It is also utilized in the military and defense sector for vehicle navigation, environmental sensing and monitoring, and transmitting radio signals.
The increasing demand for internet services is the key factor driving the market. Owing to the rapidly growing digitally-literate population, the demand for high bandwidth communication and data transmission services is on the rise, which has led to the steady growth in the telecommunications and information technology sector. This has consequently increased the demand for fiber optics as it is integral for effectively transmitting data, voice messages and images over vast distances.
Furthermore, innovations such as 5G network, Fiber to the Home (FTTH) and Fiber to the Building (FTTB) have amplified the positioning of broadband network systems, which provide high-speed data and related services to the consumers.
Moreover, fiber optic internet is considered more reliable and less susceptible to breakdown during power outages as the fibers are made of glass and do not require electricity to function. In the healthcare industry, this technology has extensive application in the field of imaging, wherein X-ray, surgical endoscopy and microscopy, ophthalmic lasers and light therapy are some of the key medical procedures that use fiber optics.
The growing demand for minimally invasive surgeries is another critical factor driving their demand in this industry.
Key Questions Answered in This Report:
- How has the global fiber optics market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global fiber optics industry?
- What is the breakup of the market based on the cable type?
- What is the breakup of the market based on the optical fiber type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the global fiber optics industry?
- What are the key driving factors and challenges in the global fiber optics industry?
- What is the structure of the global fiber optics industry and who are the key players?
- What is the degree of competition in the global fiber optics industry?
- What are the profit margins in the global fiber optics industry?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Fiber Optics Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Cable Type
5.4 Market Breakup by Optical Fiber Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 Market Breakup by Cable Type
6.1 Single Mode
7 Market Breakup by Optical Fiber Type
8 Market Breakup by Application
8.2 Oil and Gas
8.3 Military and Aerospace
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Corning Inc.
14.3.2 Prysmian Group
14.3.4 AFL Global
14.3.5 Sumitomo Electronics Industries (SEI)
14.3.6 Ls Cable & System
14.3.7 Leoni AG
14.3.8 Furukawa Electric
14.3.9 General Cable Corporation
For more information about this report visit https://www.researchandmarkets.com/r/safwte