Growing Use in Telecom and Mobile Industry Drives Demand for Fiber Optic Components, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 24, 2015 -- Follow us on LinkedIn – Relentless demand for higher bandwidth, data transmission speeds and wider reach has transformed cabling technologies. Fiber optics technology refers to the method of transfer of data, voice and pictures through the transmission of light via thin transparent fibers. Fiber optics offer benefits such as data security, higher data carrying capacity over long distances and resistance to electromagnetic interference. Fiber optics has the ability to offer high speed, agility, and accessibility which are essential for the provision of next generation data services such as, online gaming, IP VOD, and video-calling. The massive data explosion triggered by bandwidth heavy multimedia content, use of advanced applications, and faster network servers are all contributing to traffic congestion, thereby creating a dire need for networks to support high transmission speeds. This need is expected to continue gathering momentum with businesses adopting latest networking technologies, such as data warehousing, cloud computing, server virtualization, all of which have higher storage needs, and bandwidth-hogging applications.
As fiber optic components embody the core of telecommunications industry, dynamics of the telecom industry have a profound impact on the fiber optic components market. Optical fibers offer unmatched transmission bandwidth with very low latency and therefore have become a highly popular transmission medium for high data rate and long distance transmission in telecom networks. They have been gaining widespread use due to increasing commercial and consumer demand for faster Internet services and greater telecom capacity. Over the years, technological advancements have made possible the transfer of data through a single optical fiber over long distances. Also, the transmission capacity of these communication networks has been significantly enhanced by leveraging wavelength division multiplexing.
As the telecommunications industry leaves behind the binary signaling era, the emerging optical fiber based information age offers significant growth opportunities for fiber optic components. Especially poised to witness demand growth are transceivers, optical amplifier, coupler/splitters, WDM multiplexer and demultiplexers, filter, isolator, circulator, attenuator, optical switches, and wavelength converters, among others. The ongoing transition to high-speed fiber optic networks, like 40 and 100 Gbps networks, is also likely to continue well into the future spawning opportunities for fiber optic components. Liberalization of regulatory regimes in several countries and support from government for deployment of FTTH/B bode well for the market. The emergence of FTTH as an effective solution to fulfill the current and future data demands of a wired home network is poised to benefit market growth.
As stated by the new market research report on Fiber Optic Components, Asia-Pacific and Latin America present huge growth opportunities supported by the continuous rise in the number of fixed broadband subscribers. India and China especially are expected to witness rapid growth in the coming years as a result of the strong emphasis placed on the indispensability of fiber optic deployments. China is considered as the most promising market for fiber optic components, owing to the escalating demand for faster bandwidth as well as the untapped opportunities offered by the country’s huge population base. Fiber optic transmitters/receivers represent the largest product market. Fiber optic couplers market is forecast to register the fastest CAGR of 11.4% over the analysis period. Fiber optic connectors market will be driven by increased deployment of next-generation networks in the telecom industry, government supported investments in fiber optical networks, and increasing trend towards smaller and multi-fiber connectors installed closer to end users.
Major players covered in the report include 3M Company, ABB Ltd., Alcatel-Lucent SA, Amphenol Corporation, ARRIS Group Inc., Avago Technologies, Ciena Corporation, Corning Incorporated, Corning Optical Communications LLC, Diamond SA, EMCORE Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Hirose Electric Co., Ltd., Hitachi Metals Ltd., HUBER+SUHNER AG, Japan Aviation Electronics Industry, Ltd., JDS Uniphase Corp., Methode Electronics Inc., Molex Incorporated, NEXANS S.A., Prysmian Group, Siemens AG, Sterlite Optical Technologies Ltd., Sumitomo Electric Industries Ltd., Telect, Inc., TE Connectivity Ltd., Tellabs, Inc., and Valdor Fiber Optics Inc., among others.
The research report titled "Fiber Optic Components: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and strategic industry activity of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed include Fiber Optic Connectors, Fiber Optic Couplers, Fiber Optic Transmitters/Receivers, Fiber Optic Amplifiers, and Other Components.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
###
Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 408-528-9966, [email protected]
Share this article