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(IT-NEWSWIRE.COM, May 03, 2019 ) Global Optical fiber Market is expected to grow from US$ 11.30 Bn in 2017 to US$ 36.99 Bn by 2027 at a CAGR of 12.8% between 2018 and 2027.
The growing demands for an increase in the speeds of data transfer over a network with minimum data losses have spurred the need for implementations of optical fiber cables. The losses in copper wire data transmissions have engaged the researchers constantly under a task to look out for a more efficient method to transmit data. These two factors have had bolstered the global optical fiber market. The Asia Pacific is the largest adopter of optical fiber equipment, followed by North America, and Europe. The APAC region with growing numbers of infrastructures and increasing technological trends is anticipated to be the fastest growing region in terms of optical fiber market.
The report focuses on an in-depth segmentation of this market based by type, mode, and composition. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-user segment, IT & Telecom accounted for the largest share of the optical fiber market in 2017, and the segment is expected to continue to grow at the highest CAGR during the forecast period.
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Leading Key Players
1. Corning Incorporated
2. Prysmian Group
3. Yangtze Optical Fiber And Cable Co. Ltd.
4. Fiberhome Telecommunication Technologies Co. Ltd.
5. Finisar Corporation
6. Furukawa Electric Co., Ltd.
7. Hengtong Group Co., Ltd.
8. Nexans SA
9. Sumitomo Electric Industries, Ltd.
10. ZTT Group
The report aims to provide an overview of the global optical fiber market with detailed market segmentation. Also, it analyzes the current optical fiber market scenario and forecasts the market till 2027. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides a PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
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The Asia Pacific is one of the prominent regions in the optical fiber market which will contribute the highest revenue globally due to technological developments and considerable application of optical fiber in a different end-user segment. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in the telecom sector will pave the path for increasing adoption and propel the market for optical fiber market.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Optical fiber Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Optical fiber Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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