Global Fiber Optics Market to Reach $7. 2 Billion by 2027. Amid the COVID-19 crisis, the global market for Fiber Optics estimated at US$4. 1 Billion in the year 2020, is projected to reach a revised size of US$7.
New York, Oct. 22, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Fiber Optics Industry” – https://www.reportlinker.com/p05798563/?utm_source=GNW
2 Billion by 2027, growing at aCAGR of 8.3% over the period 2020-2027. Single mode, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$5.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-mode segment is readjusted to a revised 7.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 11.2% CAGR
The Fiber Optics market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 11.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.We bring years of research experience to this 7th edition of our report. The 370-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
Finolex Cables Ltd.
Furukawa Electric Co., Ltd.
General Cable Corporation
LS Cable & System Ltd.
Read the full report: https://www.reportlinker.com/p05798563/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Evolution of Optical Fiber
Rising Demand for High Speed Internet and Connected Devices
Drives Growth in the Fiber Optics Market
Communications, the Largest Application Market
Medical and Aerospace Segments Poised for Significant Growth
Asia Pacific: The Most Lucrative Regional Market
Market Facts & Figures
World Leading Players in Fiber Optic Cable Market
Global Leading Players in Fiber Optic and Cable Enterprise
Global Leading Players in Optical Transmission and Network
Access Equipment Market (2018)
Global Leading Players in Optical Component Enterprise Market
Leading Players in Fiber Optic and Cable Enterprise Market in
INNOVATIONS AND ADVANCEMENTS
Advancements in Optical Fiber Technology Stimulates
Fiber Optic Technology Advances in Medical Industry Improves
Select Innovative Applications of Optical Fiber
’Twisted’ Fiber Optic Light Can Make Internet Much Faster
Evolution in Technology for Migration Path to 40 and 100
OFS?s AcoustiSens Single-Mode Optical Fiber for Enhanced
Prysmian?s Fiber MassLink Cable with FlexRibbon Technology
Rosenberger OSI Presents Parallel Optical Data Center Cabling
Optical Fibers from Graphene
Panduit Secures Innovative