Allied Market Research’s report, “Optical Fiber Market by Mode, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025”, states that the global optical fiber market garnered $3.4 billion in 2017 and is expected to reach $8.1 billion by 2025, registering a CAGR of 11.6% from 2018 to 2025. Widespread adoption of 5G, rise in implementation of fiber-to-the-home (FTTH) connectivity, and advent of internet of things (IoT) drive the growth of the industry. However, high cost of installation and widespread presence of wireless communication systems would restrain the market growth. On the other hand, increase in investments in optical fiber cable (OFC) network infrastructure would create new pathways in the industry.
- Single mode segment reigns the global market in terms of revenue
- Healthcare sector would go on to be the fastest
- North America fastest, Asia-Pacific dominating
- Major market players analyzed are Fujikura Ltd., Sterlite Technologies Ltd., Corning Incorporated, The Prysmian Group, Furukawa Electric Co., Ltd., Sumitomo Electric Industries, Ltd., Finisar Corporation, Reflex Photonics, Inc., Nexans S.A., and Tata Communications Ltd.
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