Global Fiber Optics Market 2016-2020
Outlook of the global fiber optics market
Technavio’s market research analyst predicts the global fiber optics market to grow steadily at a CAGR of around 10% until 2020. The growing demand for increased network bandwidth is the primary growth driver for this market. With the proliferation of mobile computing devices, such as smartphones, tablets, and wearables with new capabilities, and the emergence of disruptive technologies that shift the bandwidth usage, the need for fiber optics is envisaged to increase rapidly during the forecast period.
In this market study, analysts have observed that in countries like the US, the optical telecom network has been able to provide an average internet connection speed of over 4Mbps. Due to the availability of such a fast connection, many vendors have been able to develop business models that are based on the availability of higher bandwidth and lesser latency. For instance, in August 2014, Samsung acquired SmartThings for $200 million to enter the US market for home automation.
Geographical segmentation of the fiber optics market
The APAC region currently dominates this market and is envisaged to grow at a steady CAGR of around 11% by 2020. The presence of leading companies, such as Furukawa Electric, Fujikura, and Yangtze optical fiber & cable, in this region, is a significant factor that will impel the prospects for market growth in this region during the estimated period.
Competitive landscape and key vendors
The global fiber optic market is highly competitive owing to the strong position of the existing vendors. These companies have economies of scale and a huge geographical presence. The vendors that have access to extensive technical and financial resources will gain a competitive edge over their rivals as they have the capacity to cater to the world market.
The leading vendors in the market are -
- Furukawa Electric
- Optical Cable
- Yangtze Optical Fibre & Cable
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global fiber optics market?
- What are the key market trends impacting the growth of the fiber optics market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global fiber optics market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the fiber optics market?
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