The fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018-2023

NEW YORK, Feb. 28, 2018 /PRNewswire/ — Read the full report: https://www.reportlinker.com/p05336561

The fiber optic components market is expected to grow from USD 17.15 billion in 2018 to USD 27.60 billion by 2023, at a CAGR of 10% during 2018–2023. Key factors driving the growth of the fiber optic components market are the development strategies such as agreements, contracts, joint ventures, product launches and developments, acquisitions, and expansions implemented by the players in the fiber optic components market, increasing deployment of data centers, and growing internet penetration and data traffic. However, major restraining factors for the growth of this market are that fiber optic components are prone to physical damage, and transmission loss

Transceiver expected to lead the fiber optic components market on the basis of type during the forecast period
The increasing internet penetration and data traffic are leading to the rapid growth of data centers, along with the need for high-speed transmission networks. Transceivers are used to upgrade telecommunications network and launch mega data centers. Hence, the transceivers market is expected to hold the largest share by 2023

Communications application expected to hold the largest share of the overall fiber optic components market in 2018
The increasing demand for high bandwidth from telecommunication, virtualization, cloud, and big data can be addressed by fiber optic components. The cloud technology has developed rapidly since the inception of big data. Fiber optic components are used to meet the demand for higher bandwidth and applications in a variety of high-speed connecting environments.

As a result, fiber optic components have a huge demand from communications application. Owing to this, the communications application expected to hold the largest share of the overall fiber optic components market in 2018

Fiber optic components market in APAC expected to hold the largest share in 2018
The overall fiber optic components market in APAC is expected to hold the largest share in 2018. This is because APAC is the largest producer and consumer of smartphones, laptops, TVs, and various other data-generating devices. This leads to a high demand for the Internet in the region, and the trend is expected to continue during the forecast period.

The break-up of the profiles of primary participants for the report has been given below.
• By Company Type: Tier 1 = 45%, Tier 2 = 30%, and Tier 3 = 25%
• By Designation: Managers = 60% and C-Level Executives = 40%
• By Region: Americas = 45%, APAC = 35%, Europe = 15%, and RoW = 5%

Finisar (US), Lumentum (US), Broadcom (US), Sumitomo Electric (Japan), and Accelink Technologies (China), Acacia Communications (US), EMCORE (US), Fujitsu Optical Components (Japan), Furukawa Electric (Japan), II-VI (US), NeoPhotonics (US), Oclaro (US), O-Net Technologies (China), Reflex Photonics (Canada), Source Photonics (US), Fiber Mountain (US), Kaiam (US), MWTechnologies (Portugal), Nokoxin Technology (China), and Optienz Sensors (US) are the key players in the fiber optic components market.

Research Coverage:
The report on the fiber optic components market covers the market segmented on the basis of the following segments: type, data rate, application, and geography. The market has been segmented on the basis of type into cables, active optical cables (AOCs), amplifiers, splitters, connectors, circulators, transceivers, and others.

Based on data rate, the fiber optic components market has been classified into 10G, 40G, 100G, and above 100G. The market, on the basis of application, has been segmented into communications, distributed sensing, analytical and medical equipment, and lighting.

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market on the basis of type, data rate, application, and geography have been conducted to give the overall view of the fiber optic components market.
The value chain analysis is provided to provide an in-depth insight into the fiber optic components market.
Major drivers, restraints, opportunities, and challenges for the fiber optic components market have been detailed in this report.
The report includes a detailed competitive landscape and revenue of the key players.

Read the full report: https://www.reportlinker.com/p05336561

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