The Global Market for Fiber Optic Components is Projected to Reach US$15.9 Billion by 2020
Growing Use
in Telecom and Mobile Industry Drives Demand for Fiber Optic Components,
According to a New Report by Global Industry
Analysts, Inc.
GIA announces the release
of a comprehensive global report on Fiber Optics Components. The
global market for Fiber Optic Components is projected to reach US$15.9 billion
by 2020, driven
by growing bandwidth requirements as a result of robust mobile broadband
penetration.
Relentless
demand for higher bandwidth, data transmission speeds and wider reach has
transformed cabling technologies. Fiber optics technology refers to the method
of transfer of data, voice and pictures through the transmission of light via
thin transparent fibers. Fiber optics offer benefits such as data security,
higher data carrying capacity over long distances and resistance to electromagnetic
interference. Fiber optics has the ability to offer high speed, agility, and
accessibility which are essential for the provision of next generation data services
such as, online gaming, IP VOD, and video-calling. The massive data explosion
triggered by bandwidth heavy multimedia content, use of advanced applications,
and faster network servers are all contributing to traffic congestion, thereby creating
a dire need for networks to support high transmission speeds. This need is expected
to continue gathering momentum with businesses adopting latest networking
technologies, such as data warehousing, cloud computing, server virtualization,
all of which have higher storage needs, and bandwidth-hogging applications.
As
fiber optic components embody the core of telecommunications industry, dynamics
of the telecom industry have a profound impact on the fiber optic components
market. Optical fibers offer unmatched transmission bandwidth with very low
latency and therefore have become a highly popular transmission medium for high
data rate and long distance transmission in telecom networks. They have been
gaining widespread use due to increasing commercial and consumer demand for
faster Internet services and greater telecom capacity. Over the years,
technological advancements have made possible the transfer of data through a
single optical fiber over long distances. Also, the transmission capacity of
these communication networks has been significantly enhanced by leveraging
wavelength division multiplexing.
As
the telecommunications industry leaves behind the binary signaling era, the
emerging optical fiber based information age offers significant growth opportunities
for fiber optic components. Especially poised to witness demand growth are transceivers,
optical amplifier, coupler/splitters, WDM multiplexer and demultiplexers,
filter, isolator, circulator, attenuator, optical switches, and wavelength
converters, among others. The ongoing transition to high-speed fiber optic
networks, like 40 and 100 Gbps networks, is also likely to continue well into
the future spawning opportunities for fiber optic components. Liberalization of
regulatory regimes in several countries and support from government for
deployment of FTTH/B bode well for the market. The emergence of FTTH as an
effective solution to fulfill the current and future data demands of a wired
home network is poised to benefit market growth.
As
stated by the new market research report on Fiber Optic Components, Asia-Pacific
and Latin America present huge growth opportunities supported by the continuous
rise in the number of fixed broadband subscribers. India and China especially are
expected to witness rapid growth in the coming years as a result of the strong emphasis
placed on the indispensability of fiber optic deployments. China is considered
as the most promising market for fiber optic components, owing to the
escalating demand for faster bandwidth as well as the untapped opportunities
offered by the country’s huge population base. Fiber optic
transmitters/receivers represent the largest product market. Fiber optic
couplers market is forecast to register the fastest CAGR of 11.4% over the analysis
period. Fiber optic connectors market will be driven by increased deployment of
next-generation networks in the telecom industry, government supported investments
in fiber optical networks, and increasing trend towards smaller and multi-fiber
connectors installed closer to end users.
Major
players covered in the report include 3M Company, ABB Ltd., Alcatel-Lucent SA,
Amphenol Corporation, ARRIS Group Inc., Avago Technologies, Ciena Corporation,
Corning Incorporated, Corning Optical Communications LLC, Diamond SA, EMCORE
Corporation, Fujikura Ltd., Furukawa Electric Co., Ltd., Hirose Electric Co.,
Ltd., Hitachi Metals Ltd., HUBER+SUHNER AG, Japan Aviation Electronics
Industry, Ltd., JDS Uniphase Corp., Methode Electronics Inc., Molex
Incorporated, NEXANS S.A., Prysmian Group, Siemens AG, Sterlite Optical
Technologies Ltd., Sumitomo Electric Industries Ltd., Telect, Inc., TE
Connectivity Ltd., Tellabs, Inc., and Valdor Fiber Optics Inc., among others.
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