Worldwide Multimode Optical Fiber Market Forecast - 2024


Posted January 31, 2020 by Vidhyanigam98

Global Multimode Optical Fiber Market is anticipated to grow at a CAGR of around 16% on account of high reliability and high capacity offered by the multimode fibers.
 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Multimode Optical Fiber Market, By Product (Step Index & Gradient Index), By Application (Defence; IT & Telecom; Government; MSO (Triple Play), Healthcare & Others), By Material (Glass & Plastic), By Region, Competition, Forecast & Opportunities, 2024”under Media & Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Multimode Optical Fiber Market is anticipated to grow at a CAGR of around 16% on account of high reliability and high capacity offered by the multimode fibers. Multimode optical fibers are gaining popularity as different signals can be transmitted through the same fiber due to difference in reflection angle.

Among applications, IT & Telecom segment is anticipated to account for the largest share during the forecast period on account of high demand for faster speed connections and greater bandwidth. Multimode optical fiber is also gaining prominence in medical sector for laser delivery systems and light illumination and conduction. Ongoing trend of minimally invasive surgeries and technological advancements are contributing to the growing share of multimode optical fibers in the medical sector.

On the basis of geography, the global multimode optical fiber market is segmented into Asia-Pacific, North America, South America, Europe and Middle East & Africa. On account of implementation of projects such as smart cities in various economies of Asia-Pacific including China and India, the region is expected to account for the largest share and the trend is likely to continue in the forthcoming years as well. Also, emergence of Internet of things and fiber to home connectivity are further positively influencing multimode optical fiber market in the region.

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Major companies operating in the global multimode optical fiber market include Corning Incorporated, Yangtze Optical Fibre and Cable, Furukawa Electric Co., Ltd., Hengtong Group Co Ltd., Prysmian group, Sumitomo Electric Industries, Ltd., Fiberhome Networks, Futong Group Co., Ltd., ZTT International Limited, and Fujikura Ltd., among others. The companies operating in the market are using growth strategies such as product development, mergers & acquisitions to increase their share in the market.

Objective of the Study:
• To analyze and forecast the market size of global multimode optical fiber market.
• To forecast global multimode optical fiber market based on product, application, material and regional distribution.
• To identify drivers and challenges for global multimode optical fiber market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global multimode optical fiber market.
• To identify and analyze the profile of leading players operating in the global multimode optical fiber market.
Report performed both primary as well as exhaustive secondary research for this study. Initially, Report sourced a list of multimode optical fiber manufacturers across the globe. Subsequently, Report conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Report could include the suppliers which could not be identified due to the limitations of secondary research.

Report calculated global multimode optical fiber market size by using a bottom-up approach, where data for various end user industries and its application across various product types was recorded and forecast for the future years. Report sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Report.

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Categories Media , Technology
Tags multimode optical fiber in defence , multimode optical fiber in healthcare , multimode optical fiber market forecast , multimode optical fiber market trends
Last Updated January 31, 2020