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The report on the Global Optical Fibers Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
An optical fiber drawn from glass or plastic is a flexible and transparent fiber. It is faintly thicker than a human hair in diameter. It is used to transmit light between the two ends of the fiber, which transmit higher bandwidths over long distances than cable wires. These fibers use fiber optic technology for the transmission of information. These fibers carry more information than conventional copper wire carries. Optical fibers comprise three major components namely core, cladding and buffer coating.
There are different types of fibers such as multi-mode step-index fibers, multi-mode graded-index fibers, and single-mode fibers. Single-mode fibers is the highest performing fiber amongst the other two. Communication and sensors are the major applications of optical fibers in the global market. Optical fibers are used in areas like telecom & broadband, oil & gas, utilities, private data networks, cable television, biomedical and many others. Modern telemedicine devices are the emerging application use of optical fibers system. It is used to transmit digital diagnostic images. Space, military, automotive, and the industrial sector are the various sectors where optical fibers are used widely.
Investments in information technology and telecommunication sectors and industrial and economical development of countries like U.S., China, India, Brazil, and few European countries are driving the growth of the global optical fibers market.
Leading companies in the optical fibers industry are:
SEGMENTATION IN REPORT: