Global Optical Fiber Market by Mode, Type, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2018 - 2025

LONDON, Oct. 22, 2018 /PRNewswire/ -- Global Optical Fiber Market by Mode (Single Mode and Multi-Mode), Type (Glass Optical Fiber and Plastic Optical Fiber), and Industry Vertical (Telecom & IT, Public Sector, Healthcare, Energy & Utilities, Aerospace & Defense, Manufacturing, and Others): Opportunity Analysis and Industry Forecast, 2018 - 2025

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Optical Fiber Market Overview :

Optical fiber refers to the medium and technology that is used to transmit information through a plastic or glass strand from one source to another. The information is transmitted through optical cables as rapid light pulses. The receiving end of a fiber optic transmission translates the light pulses into binary values. An optical fiber offers numerous advantages such as increased bandwidth, decreased size and weight, electromagnetic interference immunity, data security, electrical isolation, and others. These are used in communication applications, which include telecom, utility, community access television (CATV), military, and others and in non-communication applications such as sensor, fiber optic lighting, and others.

Growth in need for fast and improved networking and network services and increase in broadband connections in developing economies are anticipated to be the major drivers of the global optical fiber market. Moreover, rising demand for optical communication and sensing applications for different purposes, pressing demand for optical fiber cable (OFC) in the IT & telecom sector, increasing internet penetration, and surging adoption of fiber to the home (FTTH) connectivity are expected to drive the optical fiber industry growth. However, high installation cost and enhanced adoption of wireless communication systems are expected to impede the market growth.

Conversely, rise in government investments in fiber optic network cable (OFC network) infrastructures are expected to present major opportunities for market expansion during the forecast period. For instance, the Indian government has been investing in OFC network infrastructure to increase use and avalability of internet across the country, which is in line with the government's initiatives such as Digital India and Smart Cities Mission.

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