Fiber Optics Market worth $3.0 Billion by 2019 - Report by MarketsandMarkets
(PRWEB) October 27, 2014 -- This research report “Fiber Optics Market by Application (Telecom & Broadband, Oil & Gas, Utilities, Private Data Networks, Cable Television, Military/Aerospace, and Others) - Global Trends & Forecasts to 2019”, defines and segments the global fiber optics market with an analysis and forecast by region and application by value.
Browse 36 Market Data Tables and 44 Figures spread through 161 slides and in-depth TOC on “Fiber Optics Market By Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & others) - Global Trends & Forecasts to 2019”.
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The fiber optics industry is moving towards investments in the implementation of the technologies to produce new and high-quality products. The companies involved in this market are extensively into research and new product developments. For example, in May 2014, Corning Inc. introduced Corning Fibrance Light-Diffusing Fiber, a glass optical fiber optimized for thin, colorful, and aesthetic lighting. Further, the leading market players entered into the joint venture with other players to meet their customers’ needs. For instance, VIA Technologies Inc. (New Taipei, Taiwan) and Yangtze Optical Fibre and Cable Co., Ltd. entered into a joint venture to establish Changxinsheng (Wuhan) Technology Co., Ltd. The venture aimed in combining the advantages of Yangtze in optical fiber and cable and VIA Technologies’ knowledge in chip and module research &development, to manufacture consumer electronics active optical cable (AOC) products for the market.
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Scope of the Report
On the Basis of Region
Asia-Pacific, North America, Europe and RoW for key countries within these regions.
On the Basis of Application
Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Cable Television and Others.
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Fiber optics offers almost limitless bandwidth capabilities and is becoming increasingly economical. A big thrust is coming from the telecommunication industry. Also, consumers have increasingly demanded high-speed internet on mobile devices, underpinning this trend. As a result, wireless carriers and cable providers are demanding fiber optic at increasing rates. Consumer demand for high-speed internet on mobile devices will likely accelerate over the next five years, resulting in the widespread upgradation of wireless network services which in turn increase the demand of fiber optics.
Telecom & broadband take topmost positions in the fiber optics market with around 55.3% share by value in 2013. The fastest growth rate in the fiber optics market is expected to be from applications, such as telecom & broadband, oil & gas, private data networks, and utilities by 2019.
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