Insurance Technology Industry News

TMCNet:  The global fiber optics market should reach $5.0 billion by 2022 from $3.2 billion in 2017 at a compound annual growth rate (CAGR) of 9.4%, from 2017 to 2022

[February 12, 2018]

The global fiber optics market should reach $5.0 billion by 2022 from $3.2 billion in 2017 at a compound annual growth rate (CAGR) of 9.4%, from 2017 to 2022

NEW YORK, Fev. 12, 2018 /PRNewswire/ -- The global fiber optics market should reach $5.0 billion by 2022 from $3.2 billion in 2017 at a compound annual growth rate (CAGR) of 9.4%, from 2017 to 2022.



Read the full report: https://www.reportlinker.com/p05312883


• The telecom market is expected to grow from over $1.0 billion in 2017 to $1.6 billion in 2022 at a CAGR of 8.6% for the period 2017-2022.
• The healthcare market of global fiber optics market is expected to grow from $301 million in 2017 to $507 million in 2022 at a CAGR of 11.0% for the period 2017-2022.

Chapter 1: Introduction
Fiber optics is slowly gaining in the field of optics. Growing technological advancements in the field of material science has encouraged manufacturers to create fiber optics for the various industries such as healthcare, automotive and others.

The telecommunications industry is experiencing unexpected exponential growth and, along with that, the demand for high bandwidth is insatiable among consumers. Along with an increase in the number of telecommunication subscribers, time spent online by existing customers is also rising tremendously. High bandwidth is important for applications such as video calling, online gaming and downloading of files; due to the increase in the number of internet users, there is a greater demand for high bandwidth and higher speed in those associated devices and their applications.

Study Goals and Objectives
This report is an impact analysis of the fiber optics market. The information provided in this report includes various factors driving the demand for the fiber optics market globally by different types, specifications, applications and end users. In addition, it also provides insights regarding factors that are restraining growth as well as factors that are expected to impact the fiber optics market in the long run.

The goals and objectives of this report include:
• To understand opportunities and innovation-driven fiber optics market highlights, and the major regions and countries involved in such developments.
• To analyze the various applications of the fiber optics market as well as the market dynamics of each application.
• To identify segments with high growth potential, and also to understand the future applications of given segments.
• To determine key trends related to the applications, type, specifications and components that shape and influence the fiber optics market.
• To look at region-specific developments in the industry.
• To understand the major stakeholders in the market and competitive landscape for the market leaders.
• To analyze growth strategies by key players in the fiber optics market.
• To analyze patent positions where relevant.

Reasons for Doing This Study
Fiber optics is slowly gaining in the field of optics. Growing technological advancements in the field of material science has encouraged manufacturers to create fiber optics for various industries such as healthcare, automotive and others.

Factors such as increased demand for bandwidth and rising demand for transmission speed and data volume in data centers are primarily driving the market for fiber optic sensors. In addition, increasing applications of these sensors in several application areas of the health care sector—areas such as surgical instrumentation, diagnostic devices and therapeutic treatment—is also playing a significant role in the growth of the global fiber optic market during the forecast period.

Scope of Report

The fiber optics market is segmented into following categories:
• Type—Glass optical fiber and plastic optical fiber.
• Applications—Telecom; manufacturing; surveillance and security; healthcare; banking, financial services and insurance (BFSI); and others.
• Specification—Procssing type, array type and spectrum.

• Geography—North America is segmented into U.S., Canada and Mexico; Europe is segmented into France, Italy, Germany, the U.K., Russia and the Commonwealth of Independent States (CIS); Asia-Pacific is segmented into China, Japan, Taiwan, South Korea and others; while, the Rest of the World (RoW) covers the Middle East, Africa and South America.
• Industry and competitive analysis.
• Patent analysis.
• Company profiles.

Information Sources

The various sources used to recognize and collect useful information required for extensive commercial and technical study of the photonic integrated circuit (PIC) technology market are mentioned below:
• Primary sources.
o Selected experts from related industries.
o Preferred suppliers.
• Secondary sources.
o E-magazines.
o Directories.
o Research papers.
o White papers.
o Databases such as OneSource, Factiva, Bloomberg, U.S. Securities and Exchange (SEC) filings and Reuters.
o Stock exchanges such as TMX, NASDAQ, ASX and LSE.

Methodology
For the research report, rigorous primary as well as secondary research was performed in order to track the market accurately. Key data for estimating the market, such as top-down and bottom-up models, were developed to determine value-wise trends and estimate the global fiber optics market. Key players in the fiber optics market has been identified through review of secondary sources such as industry whitepapers, annual reports, published reports by credible agencies, financial reports and published interviews of Key Opinion Leaders (KOLs) from leading companies.

During the primary interviews, KOLs also suggested some other fiber optics producers that were not included under the initial scope of the study. We have further refined the company profile section by adding suggested producers of fiber optics by KOLs. Generally, KOLs include Chief Executive Officer (CEO), general managers, vice presidents, sales directors, market executives, R&D directors, product managers, procurement managers and export managers. During the research process, all the major stakeholders across the value chain of fiber optics were contacted for conducting primary interviews.

In the first phase of the study, revenue for the fiber optics market was determined through reviewing annual sales reports, analyzing related industry reports, tracking global import and export trends, and monitoring financial parameters related to the market, among others.

In the second phase of the study, we conducted primary interviews with KOLs from leading players in the market to verify our initial estimation gathered through secondary sources. Based on primary interviews, some of the initial findings were kept intact and other initial findings were refined. The final value forecasts for the fiber optics market were derived through a series of primary interviews with KOLs.

For some segments in the fiber optics market, there were no secondary hard data available. In those cases, price trends, inflation rate, industrial production indices, purchasing managers' indices (PMI), etc. were used to estimate data for these market segments. During primary interviews, these estimations were verified by KOLs.

Geographic Breakdown

In this report, the geographic regions considered for market analysis include, and only include:
North America.
o U.S.
o Mexico.
o Canada.
Europe.
o France.
o Germany.
o Italy.
o U.K.
o Russia.
o CIS.
Asia-Pacific.
o China.
o Japan.
o Taiwan.
o South Korea.
o Australia.
o Others.
• Rest of the World (RoW).
o South America.
o Middle East and Africa.

Global Market for Fiber Optics, by Type
Glass Optical Fiber
Plastic Optical Fiber

Global Market for Fiber Optics, by Material Type
Glass type
Plastic type

Global Market for Fiber Optics, by Integration Type
Single Mode
Multi Mode

Global Market for Glass Fiber Optics, by Material Type
Silica Fluoride Glass
Phosphate Glass
Chalcogenide Glass
Acrylic
Others

Global Market for Fiber Optics, by Application
Telecom
Manufacturing
Surveillance and Security
Healthcare
BFSI
Others

Chapter 2: Summary and Highlights
Fiber optics is slowly gaining in the field of optics. Growing technological advancements in the field of material science has encouraged manufacturers to create fiber optics for various industries such as healthcare, automotive and others.

The telecommunications industry is experiencing unexpected exponential growth and, along with that, the demand for high bandwidth is insatiable among consumers. Along with an increase in the number of telecommunication subscribers, time spent online by existing customers is also rising tremendously. High bandwidth is important for applications such as video calling, online gaming, and downloading of files; due to the increase in the number of internet users, there is a greater demand for high bandwidth and higher speed in the associated devices and their applications.

Silica is the most widely used raw material in the fiber optics market. The global fiber optics market study will be segmented by material type into: silica, fluoride glass, phosphate glass, chalcogenide glass, and acrylic. In terms of application, the market is segmented into telecom; manufacturing; surveillance and security; healthcare; banking, financial services and insurance (BFSI); and others.

Factors such as increased demand for bandwidth and rising demand for transmission speed and data volume in data centers are primarily driving the market for fiber optic sensors. In addition, increasing application of these sensors in several application areas of the health care sector—areas such as surgical instrumentation, diagnostic devices and therapeutic treatment—is also playing a significant role in the growth of the global fiber optic market during the forecast period.

Read the full report: https://www.reportlinker.com/p05312883

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________
Contact Clare: clare@reportlinker.com  
US: (339)-368-6001
Intl: +1 339-368-6001 

Cision View original content:http://www.prnewswire.com/news-releases/the-global-fiber-optics-market-should-reach-50-billion-by-2022-from-32-billion-in-2017-at-a-compound-annual-growth-rate-cagr-of-94-from-2017-to-2022-300597154.html

SOURCE Reportlinker


[ Back To Insurance Technology's Homepage ]