An optical fiber cable can be described as a cable which has the same diameter as that of a human being’s hair. A fiber optic cable is flexible and manufactured from silica. Fiber optic applications include the transmission of light from one end of fiber optic to the other.
Hence, fiber optic companies have developed stable revenue streams through applications like communications, fiber optic internet, situations where electromagentic interference has to be ignored, and for illumination. The years of development undertaken by the Fiber Optics Market have led to advantages like secure transmission over long distances and high bandwidth through fiber cable which is thinner and lighter than conventional alternatives.
Scope & Regional Forecast of the Fiber Optics Market
The Fiber Optics Market considers the primary growth drivers to be a few factors like: superiority of fiber optic technology over copper wires; rapid penetration of internet services in emerging countries like India; superior defense against interferences of internal or external nature; and gradual adoption of fiber optics for data transmission.
The Fiber Optics Market also considers the rapid installation of data centers to be a major future growth driver. Data centers are vital components for various services like cloud computing and virtualization. Such technologies require very high internet speeds and secure connectivity to ensure smooth functioning.
While North America dominated the Fiber Optics Market during the last couple of years, Asia-Pacific is expected to grab the highest market share during the forecast period. China and India have emerged as ideal locations for installing data centers capable of running on renewable energy alone.
Segmentations & Key Players Involved in the Fiber Optics Market
According to IndustryARC findings, the Fiber Optics Market can be broken down into various segmentations on the basis of –
Type: Step Index and Graded Index.
Configuration: Fiber Non-Imaging Configuration (Single Fiber, Light Guides, Plastic Fiber), Fiber Imaging Configuration (Flexible Image scopes, Rigid Combiner/ Duplicators) and Fused Imaging Configuration (Image Conduit, Faceplates, Tapers, Inverters, Fibreye).
Mode: Single Mode and Multimode.
Cable: Loose-Tube Cables and Tight-Buffer Cables.
Link Component: Optical Transmitter, Optical Fiber/ Cable, Connectors and Optical Receiver.
Application: Engineering, Industry & Medical and Others (Oil & Gas, Military).
Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Fiber Optics Market according to IndustryARC are as follows:
- Furukawa Electric Co., Ltd.
- American Insulated Wire Corporation
- Broadata Communications Pvt Ltd.
- California Insulated Wire & Cable Ltd.
- Optical Cable Corporation
- Precision Utilities Group
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