According to Allied Market Research’s recent report, “Global Single-mode Optical Fiber Market by Type (G.652, G.653, G.655, G.656 and G.657), Applications (Telecommunication & Networking, Data Centers, CATV, Factory Automation & Industrial Networking, Military and Others): Opportunity Analysis and Industry Forecast, 2018-2025”, the global single-mode optical fiber market was pegged at $3.02 billion in 2017 and is expected to reach $6.81 billion by 2025, registering a CAGR of 10.8% during the forecast period. High adoption rate of fiber-to-the-home (FTTH) connectivity and emergence of the internet of things (IoT) drive the growth of the global single-mode optical fiber market. However, high installation cost and growth in wireless communication systems hinder the market growth. On the contrary, rapid technological advancements in the fiber optic cable technology, implementation of 5G, and increasing investments in optical fiber cable (OFC) network infrastructure are expected to create lucrative opportunities for the market players in near future.
Highlights
- G.652 type optical fiber segment to dominate the market through 2025.
- CATV application segment to manifest fastest growth through 2025.
- Asia-Pacific region to retain lion's share through 2025
- Major market players include CommScope, FiberHome, Furukawa Electronic Co. Ltd., Sumitomo Electric Industries Ltd., The Prysmian Group, Corning Inc., Fujikura Ltd., Nexans S.A., Cable Joint Stock Limited Company, Sterlite Technologies Ltd., and Yangtze Optical Fiber.
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