Single-mode Optical Fiber Market Size, Trends, Opportunities, Innovations & Forecast till 2025
According to a recent report published by KD
Market Insights, titled,"Single-mode
Optical Fiber Market by
Mode, Type, and Industry Vertical: Opportunity Analysis and Industry Forecast,
2018 - 2025,"the global single-mode optical fiber market was valued at
$3,018 million in 2017, and is projected to reach $6,807 million by 2025,
growing at a CAGR of 10.8% from 2018 to 2025.
Surge in need for fast & improved networking
and network services, widespread implementation of 5G, increase in adoption of
fiber to the home (FTTH) connectivity, emergence of Internet of Things (IoT),
and rise in demand for single-mode optical fiber due to shortage of fiber
majorly contribute toward the growth of the global single-mode optical fiber
market. However, high installation cost & increase in adoption of wireless
communication systems are expected to hamper the growth of the global market.
Based on type, the G.652 segment dominated the
global single-mode optical fiber market in 2017, and is expected to continue
this trend during the forecast period, owing to its increased adoption in long
haul and metro city networks. Furthermore, the G.657 segment is expected to
grow at the highest CAGR during the forecast period, as it is the latest
standard for FTTH applications, and along with G.652 it is the most commonly used
in last drop fiber networks.
The global single-mode optical fiber market
was led by the telecommunication & networking segment in 2017, and is
projected to maintain its dominance during the forecast period. However, the
CATV segment is expected to witness the highest growth in the near future,
owing to increase in broadband penetration and digitalization of CATV, that is,
fiber TV with the internet, fiber TV with intranet, and fiber TV.
Browse Full Report & TOC: https://www.kdmarketinsights.com/product/single-mode-optical-fiber-market-amr
Key Findings of the Single-mode
Optical Fiber Market:
- By type, the G.657 segment is expected to
exhibit significant growth in the global single-mode optical fiber market
during the forecast period.
- In 2017, the G.652 segment accounted for the highest revenue in the type category.
- Based on application, the telecommunication & networking segment generated the highest revenue in 2017.
- Region wise, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
- In 2017, the G.652 segment accounted for the highest revenue in the type category.
- Based on application, the telecommunication & networking segment generated the highest revenue in 2017.
- Region wise, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
Some of the key market players profiled in the
report include CommScope, Corning Inc., FiberHome, Fujikura Ltd., Furukawa
Electronic Co. Ltd., Nexans S.A., Sumitomo Electric Industries Ltd., Sterlite
Technologies Ltd., The Prysmian Group, and Yangtze Optical Fiber and Cable
Joint Stock Limited Company.
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