Albany, NY -- (SBWire) -- 07/25/2018 --In recent years, growing demand for energy-efficient networking solutions across various industries is anticipated to drive the fiber optic connectivity market. At present, oil & gas, wind power, electric substation, and smart cities are the major end-users in the global market. Market Research Hub (MRH) has publicized a study titled "Fiber Optic Connectivity Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" to its massive repository which provides an in-depth analysis of the market trends, factors in the current market along with industry growth prospects from 2012 to 2017, and forecast to 2026. As per the findings, the market is projected to expand at a CAGR of 10.5% during the forecast period from 2018 to 2026.
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This 178-page study acts as a valuable source of information and guidance for stakeholders looking to understand the dynamics of this market. The above-findings offered in the study are helpful for the key players active in the market as well as market new entrants. For a better understanding, the global market size of fiber optic connectivity has been provided in terms of revenue and volume. According to the report findings, the global fiber optic connectivity market is expected to reach a value of US$ 4,194.6 Mn by 2026, mainly because of increasing usage of optical components in energy efficient networks.
Geographical and Segmental Outlook
Nowadays, people have moved to use the fiber optics technology to replace other electrical cables. The extensive availability of fiber optic services is moving the business landscape in ways people never imagined. It has been analyzed that low cost associated with fiber optic networks and components are leading to growing adoption of fiber optic connectivity across data centers. In order to provide a comprehensive view of the global market, the study highlights market growth in some prime regions including North America, Europe, APAC, South America and MEA.
In the present time, Europe covers a large share of the fiber optic connectivity market. This is primarily due to strong adoption and penetration of fiber optic components in mentioned industries. Besides, the report also adds that the Asia Pacific and Middle East & Africa (MEA) are expected to witness healthy growth during the forecast period.
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This research is further categorically divided into four key sections on the basis of component and industry. Based on component, the hardware segment of the fiber optic connectivity market is anticipated to experience flourishing growth during the forecast period. On the basis of end-use, smart cities segment holds the dominant share in the global fiber optic connectivity market, due to increasing developments and investments in smart city projects across the globe.
A significant number of market players are making investments directed at expanding their businesses and production volumes. The study has outlined key players functioning in the market, such as Adtell Integration, Adtran, Inc., Finisar Corporation, Huawei Technologies Co., ADVA Optical Networking, Fujitsu Optical Components Ltd., Broadcom, OptiLayer GmbH, Ciena Corporation, HUBER+SUHNER AG, Cisco Systems, Inc., Corning Incorporated, Fiber Optic Services (FOS), Hamamatsu Photonics K.K., Infinera Corporation, Lumentum Operations LLC, Optiwave Systems, Inc. and ZTE Corporation.
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Global Fiber Optic Connectivity Market Witnessed to Gain Steady Rise Through 2028: Rise in Smart Cities Projects Driving Growth
Increasing demand for energy-efficient networking solutions across industries is anticipated to drive the fiber optic connectivity market.