Optical Fibre Manufacturing Industry. Production of Fiber Optics
The global fiber optics market is expected to reach USD 9.12 billion by 2025.
An optical fiber is a transparent and flexible fiber made by drawing glass or plastic, which is used to transmit light. The optical fiber has wide usages in fiber-optic communications, where they allow transmission over longer distances and at higher bandwidths than wire cables.
Fiber optics is technology that uses a medium for transmission of information as light oscillates along a glass or strand or fiber. Generally a fiber optic cable contains number of fiber strands. The glass fiber core is surrounded by a layer called cladding which is again protected by buffer tube. All these layers are finally protected by jacket layer.
Computer Networking: is a common fiber optics use case, due to optical fiber's ability to transmit data and provide high bandwidth. Similarly, fiber optics is frequently used in broadcasting and electronics to provide better connections and performance. Military and space industries also make use of optical fiber as means of communication and signal transfer, in addition to its ability to provide temperature sensing.
An optical fiber is used to transmit the laser light from the system to the point of use. Depending on beam quality, spot size and additional required features of the final fiber we can realize your design. Even custom tailored in small quantities.
The Indian domestic Optical fibre market, during the past fiscal has grown tremendously and it is expected to be a USD 290.8 Mn by 2018, registering a growth at a CAGR of 12.5 %. The demand for optical fibre cables is poised to ride an upward growth curve with the emergence of next generation technologies. High speed high bandwidth backhaul is required for increasing data usage on the 3G platform and introduction of 4G services. The demand for Telecom Cables will gain a fillip as service providers upgrade this backhaul in their networks to accommodate and cater increasing smartphone and tablet penetration and thereby increase in demand of bandwidth to handle the increase in data traffic.
Fiber optics have advantages such as increased bandwidth; electromagnetic interference immunity; decreased cost, size, and weight; low attenuation rate; electrical isolation; and data security. The Internet is a global system of connected devices. Fiber optics acts as the backbone of the Internet, as optical fiber cable is used as the medium for transmitting information from one point to another.
The global fiber optics market is expected to reach USD 9.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing necessity of data security in the military & aerospace sector has increased the growth and penetration of this technology. There is a huge demand for fiber optic connectors in the security sector owing to their bandwidth capabilities, inherent security, and protection against signal interference. The growing adoption of the optical technology in medical and aerospace arenas is anticipated to revolutionize the market by 2025.
The global fiber optics market is growing with the rapid pace is mainly due to high bandwidth communication for long distance via optical fiber which is propelling the fiber optics market growth to the large extent. According to a recent study report published by the Market Research Future, The global market of fiber optics is booming and expected to gain prominence over the forecast period.
The fiber optics industry presents promising growth prospects throughout the forecast period in view of a combination of factors namely increasing investments and research undertaken by prominent fiber optic cable manufacturers in the industry to develop and upgrade the fiber optics technology application arena. In addition, the growing awareness of the benefits of adopting the technology is further propelling market growth.
The Fiber Optic market is mainly driven by the demand for Fiber Optic Cables worldwide for the high speed internet as the traditional wires are not able to meet the expectation. Growing countries which are adopting the new technology for high speed internet is creating huge demand for the Fiber Optic. Major opportunities in the market are the advances in technologies leading to an increase in the data transmission rate and factors & trends defining the telecommunications industry across the globe.
Additionally, Fiber Optic empowers data transmission, attributing to which; augmented adoption of cloud computing, data transfer & storage, and IT is fuelling the extended use of Internet, eventually fostering the market growth of Fiber Optics market. Additionally, advanced Fiber Optic components such as optical connectors, adapters, optical assemblies, optical backplanes, optical circuitry, termination kits and tooling are fostering the market growth of Fiber Optics globally.
Based on the application, the fiber optic market is divided into healthcare, telecom & broadband, cable television, defense, and private data networks among others. Telecom industry is seeing highest development in fiber optics market and is likely to maintain strong development in the years to come.
The global optical fiber market is segmented based on types as: step indexed optical fiber and graded indexed optical fiber. On the basis of end-user optical fiber market can be further divided into Broadcast, IT & Telecom, and Industrial, Defense, Medical and Others.
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