Fiber optics is turning over an integral part of the digital world. Next generation advancement in telecom & data transfer market is expected to boost the optical fiber market across the globe. Optical fiber is used for long distance communications and data transfer. These fiber works in the mechanism of electromagnetic waves in which these waves carry information or particular set of data and transfer it to different places. On commercial scale these fiber cables are formulated from glass or high quality polymeric materials. Polymeric optical fiber are used and adopted in large scale as it is very flexible and have exceptional mechanical strength at the same time. However the actual cost of glass fibers are lower than the polymeric optical fibers at the manufacturers end, but cost associated with the installation of glass fiber is much higher than the plastic optical fiber due to which plastic optical fiber is inexpensive in nature.
In order to enable high bandwidth, high speed data communication, minimum maintenance and greater resistance polymeric optical fiber is gaining attraction worldwide. Polymeric optical fiber is often referred consumer optical fiber as these fiber are commonly find practices in applications such as home networks, car, network, industrial network and in digital home appliances. Also some of the newly formulated per fluorinated polymer fibers are finding its usage and consumption in high speed applications such as building LAN wiring & data center wiring. Some of the other end use where polymeric optical fiber is gaining traction are telecom, Oil & Gas, military & aerospace and medical among others
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Polymeric Optical Fiber Market: Market Dynamics
The demand of polymeric fiber across the numerous end user industry is gaining attraction in the recent past and the same nature of growth is expected to be witness in the near future. The polymeric optical fiber market is showing promising growing projections during the course of the forecast period owing to numerous factors such as increasing investments & increasing intensive activities in research department adopted by prominent polymeric optical fiber manufacturers & participant in the industry to formulate and upgrade the polymeric optical fiber application landscape. Likewise, the mounting awareness of the positive outcomes of adopting the optical fiber is further driving market growth. The demand for high-data rate applications, bandwidth-intensive and high-speed, has moved the global polymeric optical fiber market, dramatically, worldwide. Distributions of optical fiber networks across the cities and countries are expected to boost the market. Some more factors that enables the growth polymeric optical fiber across the globe are increasing demand for optical based communication and sensing applications for various purpose and rise in demand for power-efficient, cost-effective and complex level of integration of IT sector. However some factors such as high capital investment, labor intensive process and the installation of network in offshore terrain pose some difficulties and challenges for its adoption in a full scale.
Polymeric Optical Fiber Market: Segmentation
On the basis of End Use Industry, the Polymeric Optical Fiber Market can be segmented as:
- Oil & gas
- Military & defense
Polymeric Optical Fiber Market: Region Wise Trends
China is remain dominant in terms of consumption and production of polymeric optical fibers. Other Asian countries such as India, South Korea, and ASEAN countries shows significant growth in the adoption of polymeric fibers for numerous applications. The growth in APAC region is attributed by its large scale adoption in telecommunication & IT infrastructure. Increasing penetration rate of the industrial sector and the expanding IT infrastructure across the region creates the growth prospects for polymeric optical fiber manufacturers. Likewise, the growing adoption of optical fiber in the medical & healthcare sector is also propelling growth across countries in APAC region. Developed region such as North America, Europe, Japan and others are investing on large scale to strengthen their security level with the help of polymeric optical fibers. MEA is showing considerable potential with the expanding telecommunication industry.
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Examples of some of the market participants in the Global Polymeric Optical Fiber Market identified across the value chain include:
- 3M Company
- Finisar Corporation
- Fujikura Ltd
- Fiberon Technologies
- Prysmian Group
- Leoni AG
- Furukawa Electric Co., Ltd