June 26, 2018 - 7:00 AM EDT
Print Email Article Font Down Font Up
Fiber Optic Connectivity Market to be Worth US$ 4,194.6 Mn by 2026 - TMR

ALBANY, New York, June 26, 2018 /PRNewswire/ --

According to a new market report published by Transparency Market Research, the global fiber optic connectivity market is expected to reach a value of US$ 4,194.6 Mn by 2026, owing to the increasing usage of optical components in energy efficient networks. The market is projected to expand at a CAGR of 10.5% during the forecast period from 2018 to 2026. Asia Pacific is anticipated to experience healthy growth followed by Middle East & Africa during the forecast period. 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.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=45906

Low total cost of ownership and high return on investment driving the global fiber optic connectivity market

Optical components help in saving the total cost of ownership by a huge margin, as the cost of installation of fiber optic equipment and components is low. In a fiber optic network, the closet and switches can be mounted on the smallest of spaces available, in turn saving 45% of the capital expenditure. In a fiber optic network, upgrades are much easier, as it uses the existing optical cable and only the electronics need to be replaced, rather than replacing the whole infrastructure, which helps to save 75% of the cost. In addition, the highly-efficient equipment promises high return on investment. This low cost of ownership is achieved with fiber optic components by using a highly-centralized distribution network, which is passive in nature. With savings in both capital and operating expenditure, fiber optics leads to considerable savings in the total cost of ownership. Additionally, increasing deployment of fiber optic networks across multiple industries is expected to supplement the growth of the fiber optic connectivity market during the forecast period.

Request a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45906

Fiber Optic Connectivity Market: Scope of the Report 

The fiber optic connectivity market is segmented based on component, industry, and geography. According to the research study, the hardware component of the fiber optic connectivity market is anticipated to experience flourishing growth during the forecast period. This is mainly due to the strong demand for fiber optic components such as cable assemblies, connectors, switches, and others such as enclosures/ fiber boxes. By 2026, the hardware component of fiber optic connectivity is projected to cover more than 75% of the global market. In terms of industry segment, smart cities segment is projected to dominate the global fiber optic connectivity market. Smart cities mainly include building automation and street furniture.

Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/45906

Europe is leading the fiber optic connectivity market with more than 35% share globally. This is mainly due to strong penetration of fiber optic technology across various industries especially wind power, oil & gas, and mining as well as a number of smart city projects across European countries. In addition, the growth of the fiber optic connectivity market across the region is mainly supplemented by increasing demand for high data transmission across various industries. In terms of opportunities, Asia Pacific and Middle East & Africa (MEA) are expected to witness healthy growth during the forecast period. The China market is undergoing transition from wireless to wired optical communication. The mass adoption of electronic gadgets and creation of high volume of data traffic by a large number of customer's further drives the end-users in China to switch to a wired optical medium from a wireless medium. Thus, Asia Pacific region is expected to witness the highest CAGR during the forecast period.

Request for Multiple Chapters on this Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=45906

Global Fiber Optic Connectivity Market: Competitive Dynamics 

The research study includes profiles of leading companies operating in the global fiber optic connectivity market. Some of the key players profiled in the market include Ciena Corporation, Adtell Integration, ADTRAN, Inc., ADVA Optical Networking, Broadcom, Inc., Cisco Systems, Inc., Corning Incorporated, Fiber Optic Services, Finisar Corporation, Fujitsu Optical Components Ltd., Hamamatsu Photonics K.K., HUBER+SUHNER AG, Huawei Technologies Co., Ltd., Infinera Corporation, Lumentum Operations LLC, OptiLayer GmbH, Optiwave Systems, Inc., and ZTE Corporation.

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/fiber-optic-connectivity-market.htm

The global fiber optic connectivity market is segmented as below: 

Global Fiber Optic Connectivity Market, by Component 

  • Hardware
    • Fiber Optic Cables
    • Fiber Optic Connectors
    • Fiber Optic Cable Assemblies
    • Hybrid Cables
    • Cabling Systems (Cable Dividers, Distributors, Junctions)
    • Enclosures/ Fiber Boxes
    • Manufacturing and Cleaning Tools
    • Wavelength Division Multiplexers
    • Transceivers
    • Switches
  • Software
  • Services
    • Professional Services
    • Testing Services

Global Fiber Optic Connectivity Market, by Industry 

  • Mining
  • Oil & Gas
  • Wind Power
  • Electric Substation
  • Smart Cities (Building Automation and Street Furniture)

Popular Research Reports by TMR: 

  • Connectivity Constraint Computing Market (Applications - Ecosystem and Healthcare Management System (Wildlife Corridor & Ecosystem Designing and Public Health Surveillance), Social Management (Biological Mapping, Social Media Analytics), Logistic and Other Network Designing, and Security) - Global Industry Analysis, Trend, Size, Share and Forecast 2016 - 2024: https://www.transparencymarketresearch.com/connectivity-constraint-computing-market.html
  • IoT Solutions Market for Energy Industry, (Solution - Analytic Software, Hardware Platform, Service, and Connectivity; Application - Pipeline, Refineries, Grid Control, and Digital Oilfield; End-user Industry - Oil and Gas, Solar, and Wind) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2017 - 2025: https://www.transparencymarketresearch.com/iot-solutions-for-energy-market.html

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: http://www.transparencymarketresearch.com
Research Blog: http://www.editiontruth.com/

Source: PR Newswire (June 26, 2018 - 7:00 AM EDT)

News by QuoteMedia

Legal Notice