Fiber Optics Market by Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & Others) - Global Trends & Forecasts to 2019
NEW YORK, Sept. 30, 2014 /PRNewswire/ -- A fiber optic is a flexible transparent fiber made of extruded glass or plastic which is used in many end-user applications due to its various beneficial properties. The major applications for fiber optics are telecom & broadband, oil & gas, private data network, and utilities industry.
The demand in Asia-Pacific is expected to propel by network operators' efforts to improve connectivity and to cater to the demands arising from 3G/4G usage. Fiber optics demand in North America and Western Europe is driven by FTTH/FTTC. The consumer products, such as the smartphones and tablets, are driving the demand for streaming content and podcasts in 720p and 1080i High Definition. These devices are further exposing existing bottlenecks in telecom operators Wireless and 3G/4G networks, and driving further investment in fiber optics. In addition, consumers and business are now demanding FTTH/FTTC in Western Europe and North America.
Telecom & broadband will continue to have the largest share of the world market for fiber optics and will drive its demand on a global scale. The developing regions of Asia-Pacific, Latin America, and Western and Eastern Europe will experience the largest growth in this application. The demand for fiber optics in the telecom industry will grow primarily in China, India, and other Asia-Pacific countries as demand is arising from 3G/4G usage in the region.
The report analyzes the global fiber optics market trends and forecasts to 2019. The market size have been provided in terms of market value ($Million). The report also identifies prominent players and provides analysis for each player in terms of the company overview, financials, products and services offered recent developments, and company strategy.
The global fiber optics market is expected to grow at a CAGR of 5.1% between2014 and 2019 to reach a value of $3.0 billion. Fiber optics used for telecom & broadband segment is witnessing a CAGR of 5.9% and constitutes a significant part of the overall fiber optics market. However, oil & gas application, which is the second largest application area for fiber optics, is expected to grow at a CAGR of 4.2% by 2019.
The fiber optics industry is moving towards investment in the implementation of the technologies to produce new and high-quality products. The companies involved in this market are extensively into research and new product developments.
All these factors, along with the growing telecom and other industry, will continue to drive the demand for fiber optics.
Read the full report: http://www.reportlinker.com/p02370856-summary/view-report.html
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