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Demand for High Speed Connectivity for Industries in Asia Pacific Makes it Lucrative Region, Global Valuation of Fiber Optic Cables Market to Reach ~US$ 15 Bn by 2030 - TMR

ALBANY, New York, June 9, 2020 /PRNewswire/ -- Rapidly growing demand for high-speed connectivity in various sectors, notably in IT and telecommunication, healthcare, and energy, especially in developing regions is key to use of fiber optic cables. They are gathering traction among network providers to enable industries to send and access high-speed data reliably. ALBANY, New York,June 9, 2020/PRNewswire/ -- Rapidly growing demand for high-speed connectivity in various sectors, notably in...
ALBANY, New York, (informazione.it - comunicati stampa - telecomunicazioni)

ALBANY, New York , June 9, 2020 /PRNewswire/ -- Rapidly growing demand for high-speed connectivity in various sectors, notably in IT and telecommunication, healthcare, and energy, especially in developing regions is key to use of fiber optic cables. They are gathering traction among network providers to enable industries to send and access high-speed data reliably.

In recent times, large-scale deployment of cloud based storage solutions has spurred use of fiber optic cables in networks. The global fiber optic cables market is projected to garner CAGR of ~7% during 2020–2030, taking its valuation to touch ~US$ 15 bn by the end of 2030. The unveiling of fiber optics multiplex equipment and adoption of wavelength division multiplexing are promising trends.

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A wide range of networks use fiber optic cables, such as gigabit Ethernet, fiber distributed data interface, asynchronous transfer mode, and synchronous optical networking. Some of the end-use industry-driven trends that expected to shape the contours of the fiber optic cables market from 2020 to 2030 are mentioned as follows:

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Among the various regions, Asia Pacific held the top share in 2019 in the fiber optic cables market. The regional market has witnessed a notable rise in production of fiber optic networks to support advanced networking technology for use in several industries. Both India and China will key to the revenues in the regional market. Meanwhile, the Middle East and Africa is expected to rise at moderate growth, fueled on the back of industry collaborations in the developing economies of the region. 

 

The fiber optic cables market witnesses considerable snags from large-scale deployment. The lack of industry standards has constrained the demand for fiber optic cables, even in developed countries, such as in the U.S. The incompatibility also has kept the deployment slow among businesses in various end-use industries.

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Electronics & Semiconductors Industry

Laser Designator Market – Scientific and technical progress over the past decade has played a key role in increasing the deployment of lasers in the defense sector. The growing demand for laser designators for airborne military applications is another major factor that is likely to boost the prospects of the laser designator market during the assessment period.

Pulsed Laser Deposition Systems Market – The demand for solar energy systems has witnessed exponential growth worldwide in the past few years and the trend is set to continue in the forthcoming years– a factor that is likely to boost the pulsed laser deposition systems market during the forecast period. Pulsed laser deposition systems are increasingly being used to develop carbon thin films with the enhanced crystal structure.

AC-DC Power Supply Adapter Market – The power supply sector has witnessed notable technological advancements over the past couple of decades. The growing demand for AC-DC power supply adapters for use in low-voltage high current processor applications is a major factor that is likely to provide an impetus for growth of the AC-DC power supply adapter market in the upcoming years.

Sensor Signal Conditioner (SSC) ICs Market – Unmanned aerial vehicle (UAV) propulsion systems are witnessing commercial applications beyond their traditional relevance in the military and Defense sector, and are likely to draw volume sales tantamount to ~5.8 Bn units by the end of 2027.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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