Analysts at IndustryARC have come up with a report on fiber optics market, estimating its value to grow at a healthy CAGR of 11%-13% during the forecast period of 2019-2025. The report covers a plethora of topics pertaining to the market of fiber optics, the size of which is estimated to be between $3.1 billion to $3.4 billion. Geographically, Asia Pacific has been identified as the region with maximum potential, generating around 26% to 29% of the total demand as of 2018. In terms of various application industries that the fiber optics marketplace earns demand from, engineering applications are currently most lucrative, and the demand in the same will be escalating at an above average CAGR of 14% to 15% over the forecast period. The report is titled ‘Fiber Optics Market: By Type, By Mode, By Cable, By Configurations, By Link Components, By Application & By Geography - Forecast (2019-2025).’ 

Fiber optics are known for their versatile properties, and are used in several industries like electronics, telecom, automotive, aerospace, and defense. Using light as the only source of transmission, they are able to transfer data much faster as compared to copper cables. Fiber optics are also extremely lightweight, and can transfer data over longer distances. These are the reasons why fiber optics market is set to grow at an unprecedented rate because of its increasing demand. 

Browse 85 Market Tables, 179 Figures spread through 145 slides and an in-depth TOC “Fiber Optics Market (2019 - 2025)

Global Fiber Optics Market: Competitive Landscape

Countries like Japan and China which lead in the automotive industry have made Asia Pacific region ahead than any other in the global fiber optics market. According to our analyst, the companies that lead in the global fiber optics market are Fujikura Ltd., Finisar Corporation, Optical Cable Corporation, Ofs Fitel, Llc , Infinera Corporation, Corning INC, Molex Incorporated, TE Connectivity, Pepperl+Fuchs, Sumitomo Electric Industries, Ltd.

Fujikara is a Japanese company that is headquartered in Tokyo, and develops powerful solutions for power and telecommunication systems. Fujikara has come up with tensile and strong fiber optics like multi-mode fibers and single-mode fibers that can be used in harsh environments as well. They are used in healthcare where they can be entered safely inside the body for performing minimally-invasive surgery. Medical laser applications also employ fiber optics to perform safe surgeries. Fujikara has also claimed that in some cases, their fiber optics are the only solutions available in environments that have a high temperature or are covered in radiation.

Global Fiber Optics Market: Demand Analysis

The one thing that has driven the growth of fiber optics market in the past few years is high bandwidth optical fiber connectors. Nearly every office in the world is functioning on the basis of high-speed internet. Manual work is almost negligible to none, and automated systems have become prominent in workplaces. For achieving high data connectivity, fiber optics are the only solution. This has immensely driven the fiber optics market growth and made it a necessity in most advanced workplaces. 

Fiber optics market will experience immense growth owing to its importance in the telecommunication industry. Even consumer households now require fiber optics and are buying internet facilities that are able to provide high-speed internet. In the upcoming few years, we will witness robust growth in the fiber optics market. 

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