Increased 3G/4G usage fuelling the growth of fiber optics market

MUMBAI, India - March 31, 2015 - PRLog -- Used in a number of different applications depending on their range, fiber optics is extensively used in intercontinental/transoceanic cables to metropolitan networks, access networks and local area networks (LANs) in homes and buildings. All these applications have led the market experts predict that the fiber optics market would register a CAGR of 5.1% between 2014 and 2019 to reach an overall value of USD 3 billion. With the demand for fiber optics increasing especially in information technology and telecommunications sector, the market is expected to grow furthermore especially in the US, China, India, Brazil, Western and Eastern European countries. As per market research, the fiber optics used in telecom and broadband segment would witness a CAGR of 5.9%, however, in its oil and gas application, the fiber optics market is expected to record a CAGR of 4.2% during the forecasted period.

This report, Fiber Optics Market by Application (Telecom & Broadband, Utilities, Oil & Gas, Private Data Networks, Military/Aerospace, Cable Television & Others) - Global Trends & Forecasts to 2019, 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.

Market overview

Fiber optics is a flexible transparent fiber which made of extruded glass or plastic and has many end-user usages, mainly due to its various properties and applications. The major applications of fiber optics are in oil and gas, telecom and broadband, private data network and utilities network sectors.

The demand for fiber optics in Asia-Pacific region is expected to grow propelled by network operators’ efforts to improve overall connectivity and cater to the rising demand arising from 3G/4G usage. The demand in North America and Western Europe is driven by FTTH/FTTC. Various consumer products such as smartphones and tablets are also driving the demand for streaming content and podcasts in 720p and 1080p High Definition. All this has actually revealed the bottlenecks in telecom operators, wireless and 3G/4G networks opening up newer demands for fiber optics market.

As per market experts, the telecom and broadband sector would continue to hold the maximum market share in the world and will drive its demand on a global scale. The developing nations like Asia-Pacific, Latin America and Western and Eastern Europe would experience growth in the upcoming years. Demand would primarily increase in China, India and other countries in the Asia-Pacific region mainly due to increased use of internet in the region.