Global Fiber Optic Components Market is expected to grow from US$ 15.4 Bn in 2017 to US$ 33.56 Bn by 2026, at a CAGR of 9.4% between 2017 and 2026.The Global Fiber Optic Components market is mainly divided into two segments, fiber optic cables and fiber optic components. Fiber optic components are integral part of fiber optic infrastructure that is deployed across countries as well as continents to meet the increasing demand for the Global Fiber Optic Components market. Increasing demand for high band applications and services provides a fertile market environment for fiber optic components. Fiber optic uses light as a carrier to transmit the data from one place to another, thus reducing the transmission losses. The Global Fiber Optic Components market is likely to witness high growth in the coming years because of the technological advancements in the area of cloud computing and increasing demand for high bandwidth for telecommunication, virtualization, cloud, and big data applications, rising internet traffic, increasing awareness about data security concerns and use of the alternative raw material. However, the high initial cost and complexity in installation are considered as the key hurdles for the growth of Global Fiber Optic Components market. In the application segment Telecom sector is witnessing highest growth and is expected to maintain healthy growth rate over the forecast period. And among all the types in the fiber optic components, the market for transceiver is expected to hold the largest share by 2023. Major factors driving the fiber optic components market for transceivers include the greater interconnect capability and high-speed data transmission. In 2016 North America held the largest share in fiber optics market. APAC is forecasted to experience highest growth in fiber optics market in telecom sector. Key Highlights: • Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Global Fiber Optic Components market. • The objective of the report is to provide a detailed analysis of the Global Fiber Optic Components Market on the basis of type, data rate, application, and geography. • Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Analysis of the Global Fiber Optic Components market with respect to individual growth trends, prospects, and contribution to the total market • Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business • Provides detailed information regarding the major factors influencing the growth of the Global Fiber Optic Components market(drivers, restraints, opportunities, and challenges) • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business Years that have been considered for the study are as follows: • Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology: The secondary research methodology used to estimate and forecast the fiber optic components market includes obtaining data through research from Fiber Optic Association, Optical Society, and newsletters and whitepapers. Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Global Fiber Optic Components market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this Global Fiber Optic Components market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Fiber Optic Components market globally.
Key Players in Global Fiber Optic Components market:• Finisar • Broadcom • Amphenol • Corning • Fujikura • Sterlite Technologies Limited • Newport • Sumitomo Electric Industries • MOLEX • FURUKAWA ELECTRIC • EMCORE • OZ Optics • Ciena • Yangtze Optical Fiber and Cable Co. Ltd • Prysmian SpA Key Target Audience: • Fiber optics manufacturers • Healthcare organizations • Raw material and manufacturing equipment suppliers • Fiber optics suppliers • Government and research organizations • Traders and stakeholders operating in the medical sector • Research laboratories and academic institutes
The scope of the Global Fiber Optic Components Market:Research report categorizes the Fiber Optic Component Market based on product type, application and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Fiber Optic Component Market with key developments in companies and market trends.
Global Fiber Optic Components Market, By Type:• Active Optical Cables • Connectors • Amplifiers • Cables • Splitters • Transceivers • Circulators
Global Fiber Optic Components Market, by Data Rate:• 10g • 40g • 100g • Above 100g
Global Fiber Optic Components Market, By Application:• Analytical and Medical Equipment • Communications • Distributed Sensing • Lighting
Global Fiber Optic Components Market, By Geography:• North America • Europe • Asia Pacific • Middle East & Africa • Latin America Available Customization Maximize Market Research offers customization of report and scope of the report as per the specific requirement of our client. Middle-EastImage Sensor Market