Global fiber optics market is expected to reach Rs. 800 Crores by 2025, growing at a CAGR of 9.50% during the forecast period.
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Fiber optics is a type of optics which uses glass threads to transmit data. It consists of a bundle of glass threads. Each of these glass threads in fibre optics is capable of transmitting messages modulated onto light waves. In order to transmit data from one cable to another cable there are several advantages such as bandwidth as compared to metal cables, thinner and lighter in sizes and data can also be transmitted through digitally rather than analogically.
The global fiber optics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Drivers and Restraints of the Fiber Optics Industry
- Increasing demand for the internet
- Growing demand of FTTX
- Increased of advances in technology
- Increased usage of wireless communication systems
The titled segments and sub-section of the market
By Cable Type (Single Mode, Multi-Mode),
By Optical Fiber Type (Glass, Plastic)
By Application (Telecom, Premises, Utility, CATV, Military, Industrial, Sensors, Fiber Optic Lighting, Security, Metropolitan)
North America (U.S., Canada, Mexico)
Europe (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe )
Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Egypt, Israel, Rest of Middle East and Africa).