According to a recent report published by Allied Market Research, titled,"Single-mode Optical Fiber Market by Mode, Type, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global single-mode optical fiber market was valued at $3,018 million in 2017, and is projected to reach $6,807 million by 2025, growing at a CAGR of 10.8% from 2018 to 2025.
Surge in need for fast & improved networking and network services, widespread implementation of 5G, increase in adoption of fiber to the home (FTTH) connectivity, emergence of Internet of Things (IoT), and rise in demand for single-mode optical fiber due to shortage of fiber majorly contribute toward the growth of the global single-mode optical fiber market. However, high installation cost & increase in adoption of wireless communication systems are expected to hamper the growth of the global market.
Based on type, the G.652 segment dominated the global single-mode optical fiber market in 2017, and is expected to continue this trend during the forecast period, owing to its increased adoption in long haul and metro city networks. Furthermore, the G.657 segment is expected to grow at the highest CAGR during the forecast period, as it is the latest standard for FTTH applications, and along with G.652 it is the most commonly used in last drop fiber networks.
The global single-mode optical fiber market was led by the telecommunication & networking segment in 2017, and is projected to maintain its dominance during the forecast period. However, the CATV segment is expected to witness the highest growth in the near future, owing to increase in broadband penetration and digitalization of CATV, that is, fiber TV with the internet, fiber TV with intranet, and fiber TV.
Key Findings of the Single-mode Optical Fiber Market:
- By type, the G.657 segment is expected to exhibit significant growth in the global single-mode optical fiber market during the forecast period.
- In 2017, the G.652 segment accounted for the highest revenue in the type category.
- Based on application, the telecommunication & networking segment generated the highest revenue in 2017.
- Region wise, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
Some of the key market players profiled in the report include CommScope, Corning Inc., FiberHome, Fujikura Ltd., Furukawa Electronic Co. Ltd., Nexans S.A., Sumitomo Electric Industries Ltd., Sterlite Technologies Ltd., The Prysmian Group, and Yangtze Optical Fiber and Cable Joint Stock Limited Company.
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