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U.S. Fiber Optic Market Size Worth USD 3.56 Billion by 2025: Hexa Research


News provided by

Hexa Research

09 Jul, 2018, 09:10 GMT

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FELTON, California, July 9, 2018 /PRNewswire/ --

The U.S. fiber optic market size is expected to reach USD 3.56 billion by 2025. This growth is attributed to increasing demand from widespread applications owing to its high quality, cost-effectiveness, durability, and scalability over the past few years. This has introduced potential opportunities in passive telecommunication infrastructures, such as fixed line cabling, data centers and communication towers.

Institutional investors are lured by reliable returns and long-term contracts with telecom operators, thus, aiding the U.S. fiber optic market. Key factors affecting the future competitiveness of the U.S. fiber optics industry include access to foreign markets and ability of the industry to develop new technologies.

The emergence of a digital economy has driven the market over the past decade. High penetration of the Internet and wireless communication has led to a rise in demand for broadband transmission capacity in recent years. This, in turn, has boosted demand for optic fiber. Constant developments in Internet connectivity has simplified day-to-day lives; big data technology is one such development contributing to market expansion. The adoption rate of fiber optic connection in various end-use applications in North America is approximately 8.4% and is expected to increase over the forecast period. This growth is attributed to government initiatives to connect to underserved areas.

Fiber optics are also used in military and satellite remote sensing operations, which is also likely to boost their demand. Moreover, increasing scope of application in the medical sector, such as in laser delivery system, equipment interconnects, and light conductors, is also slated to drive the market over the next few years. Traditionally, these materials were commonly used for light therapy, clinical diagnostics, ophthalmic laser, x-ray imaging, endoscopy, microscopy, and others.

Browse full research report with TOC on "U.S. Fiber Optics Market Size And Forecast, By Type (Single Mode Cable, Multi Mode Cable), By End Use(Cable Installers, Wholesalers & Distributors, And Industrial Users) And Trend Analysis, 2015 - 2025" at: https://www.hexaresearch.com/research-report/us-fiber-optics-market

Fiber sensing technology is widely used in the oil and gas sector and is expected to grow at a significant rate during the next few years. Safety and efficient production has become an essential part of offshore and onshore oil and gas operations. Optical fibers, which can withstand high temperature/pressure and harsh environments, are suitable for such applications. Thus, manufacturers are launching efficient and durable products targeting specific industries. For instance, Furukawa Company provides a fully distributed sensor with fibers such as graded and single mode. Increasing deployment of optical fibers as sensing elements in non-transmission applications in various industries is expected to drive the market in the coming years.

Industrial use is expected to be the fastest-growing segment over the forecast period. The cable installers segment held the largest market share owing to high adoption of optic fibers in offices and house/building connectivity. The innovative and popular concept of smart homes is also expected to drive the fiber optic market in the coming years.

Browse more reports by Hexa Research: 

  • Electric Wire And Cable Market - Projected to grow at a CAGR of over 16%, electric wire and cable market is expected to witness significant growth over the forecast period owing to growth across the power transmission & distribution sector. For example, in state of Jammu, India government is working on upgrading transmission & distribution network to tide over T&D losses.
  • Business Process Management Software Market - The business process management (BPM) software market is anticipated to witness significant growth on account of growing demand for business process automation. The overall BPM software market is expected to grow at an approximate CAGR of 14.5% for the forecasted period of 2016 to 2024.
  • DSL Network Equipment Market - DSL network equipment market is expected to grow significantly over the forecast period owing to the increase in the number of internet users globally. Moreover, as the internet service providers are growing rapidly in terms of subscriptions, the demand for network equipment is anticipated to grow in the near future.
  • Integrated Systems Market - Global integrated systems market is expected to witness substantial growth over the forecast period on account of the consumer demand for abridged deployments and less standalone solutions. System integration demands heavy investments in technology, service delivery, channel partnerships and integration.

Hexa Research has segmented the U.S. fiber optic market report based on product type and end-use 

Segmentation by product type, 2015 - 2025 (USD Billion) 

    • Single mode cable

    • Multi-mode cable

Segmentation by end use, 2015 - 2025 (USD Billion) 

    • Cable installers

    • Wholesalers & Distributors

    • Industrial users

Key players analyzed: 

    • Corning Incorporated

    • Optical Cable Corporation

    • US Conec Ltd.

    • The Furukawa Electric Co. Ltd.

    • Ciena Corporation

About Hexa Research 

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact:
Michelle T.
Corporate Sales Specialist
Hexa Research
Phone: +1-415-349-0058
Toll Free: 1-800-489-3075
Email: sales@hexaresearch.com

Web: https://www.hexaresearch.com/

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