Significant growth by 2025 for fibre market

MARKET

By 2025, the global fibre optics market will reach $9.12 billion, according to a recent report from Grand View Research. Europe and North America should see steady market growth, whereas the Asia Pacific market is expected to see significant increases. The report suggests that increasing demand for optic cables can largely be accredited to rising bandwidth requirements.

Demand for cost-effective, power-efficient IT infrastructure is expected to drive market demand in the next few years. The telecom sector is the largest industry currently applying fibre optic technologies. Increasing uptake of cloud-based applications and high-bandwidth services are expected to drive further growth. However, the global market is also being propelled by government funding in the development of network infrastructure as well as (bandwidth-hungry) opportunities in the healthcare, military and aerospace sectors.

The multimode and single mode segments are expected to witness continuity in growth and dominate the industry over the forecast period. However, factors such as capital investment made for the development of new fabrication technologies may pose a challenge to market demand over the forecast period.

Growing penetration of technology appears to be encouraging manufacturers and suppliers to invest in research & development. The predicted growth of the market could be hindered by high cost of raw materials and manufacturing, which in turn can lead to increased product costs. Ongoing demand for high-speed internet and remote sensing equipment will likely make up for any slowing down of the market as a result of these causes.

www.grandviewresearch.com

By 2025, the global fibre optics market will reach $9.12 billion, according to a recent report from Grand View Research. Europe and North America should see steady market growth, whereas the Asia Pacific market is expected to see significant increases. The report suggests that increasing demand for optic cables can largely be accredited to rising bandwidth requirements.

Demand for cost-effective, power-efficient IT infrastructure is expected to drive market demand in the next few years. The telecom sector is the largest industry currently applying fibre optic technologies. Increasing uptake of cloud-based applications and high-bandwidth services are expected to drive further growth. However, the global market is also being propelled by government funding in the development of network infrastructure as well as (bandwidth-hungry) opportunities in the healthcare, military and aerospace sectors.

The multimode and single mode segments are expected to witness continuity in growth and dominate the industry over the forecast period. However, factors such as capital investment made for the development of new fabrication technologies may pose a challenge to market demand over the forecast period.

Growing penetration of technology appears to be encouraging manufacturers and suppliers to invest in research & development. The predicted growth of the market could be hindered by high cost of raw materials and manufacturing, which in turn can lead to increased product costs. Ongoing demand for high-speed internet and remote sensing equipment will likely make up for any slowing down of the market as a result of these causes.

www.grandviewresearch.com