Global Fiber Optic Components Market - End-user-based Segmentation and Market Analysis by Technavio

  Global Fiber Optic Components Market - End-user-based Segmentation and
  Market Analysis by Technavio

Business Wire

LONDON -- July 11, 2017

According to the latest market study released by Technavio, the global fiber
optic components market  is projected to grow at a CAGR of more than 10% over
the forecast period.

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Technavio has published a new report on the global fiber optic components
market from 2017-2021. (Gr ...

Technavio has published a new report on the global fiber optic components
market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Fiber Optic Components Market 2017-2021’
provides an in-depth analysis of the market in terms of revenue and emerging
market trends. This market research report also includes up to date analysis
and forecasts for various market segments and all geographical regions.

 
The major reason for the growth of the global fiber optic components market is
the increasing deployment of fiber optic cables within and across countries.
Many firms are choosing to move from copper cabling to fiber optic cabling
because of its diverse benefits such as lower attenuation, high return on
investment (ROI), and support for high bandwidth applications. Thus, the
demand for fiber optic components will increase as they allow the efficient
deployment and functioning of fiber optic cables.
 

This report is available at a USD 1,000 discount for a limited time only: View
market snapshot before purchasing

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Based on the end-users, the report categorizes the global fiber optic
components market into the following segments:

  * Data communication
  * Telecommunication
  * Enterprise

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trends, and more.

Data communication

“The data communication segment of the fiber optic components market occupies
a majority 43% of the overall shares and will continue to grow swiftly over
the forecast period. Data communication is the process of transferring
information from a sender to a receiver through a medium,” says Raghu Raj
Singh, a lead analyst at Technavio for lighting research.

The segment includes sales of fiber optic components to major firms that are
focusing on deploying fiber optic networks for data transmission and
interconnection purposes at data centers. Increasing investments in data
center construction and the need for secure data transmission are the major
reasons for the growth of the segment.

Telecommunication

Telecommunications is a term used for the exchange of information through
electronic means and can refer to all types of voice, data, and video
transmission. In 2016, the global fiber optic components market by
telecommunication was valued at USD 6.16 billion. The segment includes the
sales of fiber optic components to firms, such as networking equipment and
telecommunication equipment manufacturers, ISP, wireless operators, that
purchase these components for the deployment of fiber optics.

The major reasons for the growth of the segment include the increase in
Internet traffic that leads to large bandwidth requirements for streaming
media, video conferencing, Malware, and growth of Wi-Fi. The growth of FTTx
will also impact the fiber optic components market due to its wide array of
applications in the telecommunication sector.

Enterprise

“The enterprise segment comprises of companies that employ stand-alone
enterprise servers for their Internet requirements. The scope of this segment
excludes telecom firms and data center providers who have adopted fiber optic
connections to support the high bandwidth demand,” says Raghu.

The growth of big data and data analytics by enterprises who create enormous
amounts of data daily is an important factor impacting the growth of the
market segment. Firms use big data to identify repeating patterns take
decisions based on that. The increasing need for high Internet speed by
enterprises to provide high-speed connections to their employees for running
daily business operations is another important driver.

The top vendors highlighted by Technavio’s research analysts in this report
are:

  * Amphenol
  * Corning
  * Finisar
  * Fujikura
  * FURUKAWA ELECTRIC
  * Sumitomo Electric Industries

Browse Related Reports:

  * Global Fiber Optics Market 2017-2021
  * Global Beacon Lights Market 2017-2021
  * LED Lighting Market in Brazil 2017-2021

About Technavio

Technavio is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of
more than 10,000 reports and counting, covering 800 technologies, spanning
across 50 countries. Their client base consists of enterprises of all sizes,
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on Technavio’s comprehensive coverage, extensive research, and actionable
market insights to identify opportunities in existing and potential markets
and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at
media@technavio.com.

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Global fiber optic components market is projected to grow at a CAGR of over
10% until 2021.

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Contact:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
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